Treasury Accountant

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• Key Responsibilities

• Prepare and distribute daily bank position reports for all company accounts and entities.
• Maintain a rolling 13-week cash flow forecast, reconcile actual cash flows monthly, and explain significant variances.
• Generate Cash In and Cash Out reports, along with monthly liquidity and funding requirement reports for management.
• Plan funding for new outlets and projects, covering fit-out, capital expenditure, and working capital.
• Monitor daily collections and receivable inflows against forecasted cash receipts.
• Coordinate with Operations, Sales, and Accounts Receivable to support timely collections and maintain liquidity.
• Manage relationships with banks and financial institutions, coordinating day-to-day banking requirements.
• Monitor banking facilities, credit limits, guarantees, renewals, and associated documentation.
• Support negotiations for banking pricing, fees, terms, and facilities in coordination with the Treasury Supervisor and CFO.
• Coordinate fund transfers, foreign payments, and foreign exchange transactions, monitoring related exposure.
• Maintain updated bank mandates and authorized signatory records.
• Monitor loan facilities, overdrafts, Murabaha arrangements, principal repayments, interest schedules, and bank covenant requirements.
• Consolidate daily payment schedules against available cash balances and approved authorization limits.
• Submit payment schedules for appropriate management approval according to the company's delegation of authority.
• Maintain and regularly update the payment approval matrix, bank account register, and treasury procedures.
• Review supplier ageing and recommend payment prioritization based on contractual obligations, operational criticality, and available cash.
• Ensure all payments are supported by appropriate documentation and approvals.
• Support internal and external audits by providing bank confirmations, reconciliations, payment records, and treasury documentation.
• Maintain a statutory payment calendar for VAT, WHT, GOSI, payroll, and other regulatory obligations.
• Prepare daily/monthly bank reconciliations, investigating and resolving outstanding items.
• Prepare SIFI statement reconciliation and ensure accurate posting in SAP.
• Ensure all treasury-related transactions are accurately recorded in the accounting system.
• Monitor unidentified bank transactions and coordinate with relevant departments for timely resolution.
• Maintain accurate records of banking activities, transfers, deposits, withdrawals, and related documentation.
• Process approved daily payments, including petty cash, government payments, supplier payments, project payments, and employee settlements.
• Release approved payments through authorized bank portals in accordance with company policies.
• Share payment/transfer slips with relevant requestors and maintain appropriate records.
• Prepare monthly supplier ageing reports and vendor account reconciliations.
• Prepare monthly withholding tax reports and coordinate timely payment.
• Process petty cash disbursements according to approved controls and perform month-end confirmations.
• Handle cash deposits and withdrawals, maintaining complete supporting records.
• Prepare the payroll bank file (TXT) in coordination with HR and process approved salary disbursements.
• Process employee vacation settlements, final settlements, and other approved employee-related payments.
• Act as the designated Time Sheet Owner, ensuring timely and accurate completion and submission of timesheet requirements.
• Maintain organized treasury records and supporting documentation, ensuring confidentiality of banking and financial data.
• Provide regular treasury and cash-flow reports to the Treasury Supervisor and CFO.
• Highlight significant cash-flow movements, liquidity risks, funding requirements, and payment priorities.
• Provide analysis and recommendations to support effective cash management and financial decision-making.
• Support management in monitoring working capital and optimizing the timing of cash inflows and outflows.

Qualifications and Experience

• Chartered Accountant or equivalent professional qualification (*, ACCA, CA, CMA).
• Minimum of 5–8 years of experience in treasury, cash management, or senior accounting roles.
• Experience in a multi-branch F&B, retail, contracting, or similar high-volume transaction environment is preferred.
• Hands-on experience with SAP, particularly in bank reconciliation and payment processing.
• Strong experience in cash-flow forecasting and financial modelling.
• Working knowledge of Saudi banking practices, banking facilities, and online bank portals.