Treasury Accountant

About the Role
The position plays a key role in the cash management and liquidity operations, requiring a proactive approach to managing bank relationships, ensuring proper cash flow, and maintaining financial controls. Responsibilities include preparing daily bank position reports, managing liquidity forecasts, and communicating with various teams to optimize cash collections. Additionally, the role requires coordination with financial institutions and compliance with payment governance protocols, as well as the management of payroll and employee payments.

Responsibilities

Cash Management & Liquidity:

• Prepare and distribute the daily bank position report covering all company accounts and entities.
• Maintain a rolling 13-week cashflow forecast, reconcile actual cash flows monthly, and provide explanations for significant variances.
• Prepare Cash In and Cash Out reports and monthly liquidity and funding requirement reports for the CFO and management.
• Plan funding requirements for new outlets and projects, including fit-out, capital expenditure, and working capital requirements.
• Monitor daily collections and receivable inflows against forecasted cash receipts.
• Coordinate with Operations, Sales, and Accounts Receivable teams to support timely collections and maintain adequate liquidity.

Banking & Financial Facilities:

• Manage relationships with banks and financial institutions and coordinate day-to-day banking requirements.
• Monitor banking facilities, credit limits, guarantees, renewals, and related documentation.
• Support negotiation of banking pricing, fees, terms, and facilities in coordination with the Treasury Supervisor & CFO.
• Coordinate fund transfers, foreign payments, and foreign exchange transactions.
• Monitor foreign exchange exposure related to imported supplies and international payments.
• Maintain updated bank mandates and authorized signatory records.
• Monitor loan facilities, overdrafts, Murabaha arrangements, principal repayments, interest schedules, and applicable bank covenant requirements.

Payment Governance & Financial Controls:

• Consolidate the daily payment schedule against available cash balances and approved authorization limits.
• Submit payment schedules for appropriate management approval in accordance with 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 resources.
• 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 covering VAT, WHT, GOSI, payroll, and other regulatory obligations to ensure timely settlement.

Bank Reconciliation & Accounting:

• Prepare daily/monthly bank reconciliations and investigate and resolve 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.

Daily Payments & Transaction Processing:

• Process approved daily payments, including petty cash requests, government payments, supplier payments, project payments, employee vacation and final 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 in accordance with approved controls.
• Perform month-end petty cash confirmations with designated petty cash holders.
• Handle cash deposits and withdrawals and maintain complete supporting records.

Payroll & Employee Payments:

• Prepare the payroll bank file (TXT) in coordination with HR.
• Process approved salary disbursements through the company's banking platforms.
• Ensure payroll payments are released accurately and within approved timelines.
• Process employee vacation settlements, final settlements, and other approved employee-related payments.

Time Sheet & Administrative Treasury Responsibilities:

• Act as the designated Time Sheet Owner, ensuring timely and accurate completion and submission of timesheet-related requirements.
• Maintain organized treasury records and supporting documentation.
• Ensure confidentiality of banking information, payment details, account information, and financial data.

Reporting & Management Support:

• 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.

Requirements

Qualifications and Experience:

• Chartered Accountant or equivalent professional qualification such as ACCA, CA, CMA, or equivalent.
• Minimum 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 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.

Job Specific Skills:

• Strong knowledge of treasury and cash management principles.
• Advanced Microsoft Excel skills with the ability to develop and maintain cash-flow models.
• Strong SAP skills related to bank reconciliation, payment runs, and financial transactions.
• Knowledge of supplier ageing, vendor reconciliation, payment processing, and statutory payments.
• Understanding of Saudi banking practices and payment processes.
• Strong financial analysis and reporting skills.
• Good knowledge of foreign payments and FX transactions.
• Strong negotiation and stakeholder management skills.
• Must have valid driving license.

Competencies:

• Strong control mindset and attention to detail.
• High level of accuracy in cash-flow forecasting and financial reporting.
• Strong analytical and problem-solving skills.
• Integrity, confidentiality, and professional discretion.
• Ability to challenge payment requests and enforce financial controls.
• Strong organizational and task-prioritization skills.
• Ability to work effectively under pressure and meet strict payment deadlines.
• Excellent communication and interpersonal skills.
• Proactive approach to identifying liquidity risks and improving financial management.