Treasury Manager – Construction Industry
Confidential · Riyadh, Saudi Arabia
Apply & track with Apply EdgeThe role ensures that funds are available for operations and projects, treasury transactions are accurately and promptly recorded, and management has reliable visibility over liquidity, facilities, obligations, and treasury risk.
Key Responsibilities
Banking Transactions & Relationship ManagementManage day-to-day treasury operations with banks including transfers, payments, cheques, account maintenance, and banking documentation.Review, authorize, and monitor bank transactions in line with the approved approval matrix, delegation of authority, and internal controls.Maintain and control online banking access, user rights, approval levels, tokens, and signatories to safeguard company funds.Lead coordination with banks for account management, KYC updates, signatory changes, guarantees, and facility documentation.Treasury Accounting & Oracle ERPEnsure all treasury transactions including transfers, receipts, payments, loans, overdrafts, LCs, LGs, bank charges, interest, and petty cash are accurately recorded in Oracle ERP.Handle creation, review, posting, and approval of treasury journals in accordance with chart of accounts, cost centers, projects, and accounting policies.Coordinate with GL, AP, AR, Procurement, Projects, and Finance Reporting teams to ensure treasury entries are complete and posted within closing deadlines.Review Oracle ERP bank account setup, payment methods, cash management configuration, and bank statement imports.Monitor clearing accounts, bank-in-transit accounts, unidentified receipts, and rejected payments ensuring timely investigation and clearance.Support month-end and year-end closing with treasury-related accruals, interest calculations, FX revaluation, and facility schedules.Bank Reconciliation & Cash ManagementLead daily, weekly, and monthly bank reconciliation activities through Oracle ERP / Oracle Cash Management.Reconcile all company bank accounts against Oracle ERP balances, bank statements, cash books, and GL balances.Investigate and resolve reconciliation differences including unrecorded charges, duplicate postings, timing differences, and bank errors.Prepare monthly reconciliation packs and escalate long-outstanding items to Finance Management with corrective action recommendations.Cash Flow, Liquidity & Working CapitalPrepare and continuously update daily, weekly, monthly, and rolling cash flow forecasts covering operations, project funding, debt service, supplier payments, and payroll.Monitor company cash position across all accounts and ensure sufficient liquidity for operations and project commitments.Optimize cash utilization by prioritizing payments, managing idle balances, and recommending fund transfers.Develop cash position dashboards giving management clear visibility over balances, facility utilization, and liquidity risks.Financing, Bank Facilities, LCs & LGsManage banking facilities including loans, overdrafts, project financing, LCs, LGs, promissory notes, and credit lines.Coordinate with banks on facility arrangements, renewals, amendments, pricing, utilization, and settlement.Track loan drawdowns, repayments, interest, fees, maturities, and covenants ensuring timely servicing and compliance.Maintain a complete facility register and ensure Oracle ERP reflects accurate facility balances and exposure.Petty Cash Management & Site ControlsManage petty cash across Head Office and project sites ensuring adherence to approved limits and authorization procedures.Review replenishment requests, monitor balances and aging, and conduct periodic verifications.Ensure accurate posting in Oracle ERP with proper GL account, project, cost center, and supporting documentation.Treasury Controls, Compliance & ReportingEstablish and maintain strong treasury controls covering payments, bank access, reconciliations, ERP posting, and documentation.Ensure compliance with company policies, delegation of authority, internal controls, and audit requirements.Prepare periodic treasury reports including cash position, forecast versus actual, reconciliation status, and facility utilization.Lead treasury process improvements, automation initiatives, and ERP enhancements.Stakeholder Management & Team LeadershipAct as main treasury contact for banks, finance management, procurement, project teams, and auditors.Support CFO / Finance Director with funding strategy, facility negotiations, and management reporting.Provide work direction and quality review for treasury support staff.
Qualifications
Bachelor's degree in Accounting, Finance, or Business Administration (mandatory).Fluency in English is mandatory. Arabic is an advantage.Minimum 8-10 years of progressive finance experience, including at least 5 years in treasury, cash management, or bank facilities management.Strong proficiency in Oracle ERP / Oracle Fusion (Cash Management, Payables, Receivables, GL) is mandatory.Professional qualification such as CMA, CFA, CTP, ACCA, or CPA is an advantage.Advanced Excel and financial modelling skills.Experience in construction or project-based industries is preferred.Key Competencies:Accuracy, attention to detail, and ownership under pressure and strict deadlines.Strong internal-control and compliance mindset including segregation of duties and audit readiness.Analytical thinking and timely problem solving.Communication, negotiation, and stakeholder management.Confidentiality and sound judgment handling sensitive financial information.Team leadership, coaching, and accountability.