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About the Company Majd Yanbu Industrial Company is a joint venture between Elsewedy Cables and Alfanar, building a state-of-the-art copper rod manufacturing facility (130,000 MT/year) in Yanbu Industrial City, with commercial production launching in 2026.
About the Role We are hiring a Senior Treasury Accountant to own the company's daily cash and banking operations as we scale toward full production. This is a ground-floor opportunity to build the treasury function of a greenfield industrial company from day one.
Key Responsibilities Manage daily cash positions across SAR/USD accounts and prepare rolling cash flow forecasts Execute and process payments on corporate banking platforms (HSBCnet, SNB, FAB) with full segregation of duties Manage bank account opening, mandates, signatory authority matrices, and KYC documentation end-to-end Execute, confirm, and settle FX conversion contracts (spot/forward) and maintain deal registers Manage Copper hedging contracts. Invest surplus cash in time deposits and track maturities, rollovers, and returns Prepare monthly bank reconciliations and treasury journal entries in ERPManage trade finance operations: issuance and amendment of letters of credit (LCs), letters of guarantee (LGs), and documentary collections, including reviewing terms, tracking margins and commissions, and coordinating document presentation with banks and suppliers Administer working capital facilities and term loan utilizations; monitor covenants and reporting deadlines Support external audit, IFRS reporting (IAS 7, IAS 21, IFRS 9), and internal controls
Requirements Bachelor's degree in Accounting or Finance (SOCPA, CMA, ACCA, or CTP is a plus)4–10 years of experience in corporate treasury and/or accounting within an industrial, manufacturing, or trading company Hands-on experience with Saudi corporate banking platforms and bank account/mandate management Practical ERP experience in bank reconciliations and treasury entries Working knowledge of IFRS relevant to treasury Fluent Arabic and English
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