Senior Treasurer

About the role

The Senior Treasurer secures the group's liquidity and funding at the lowest sustainable cost, manages banking relationships and facilities across the GCC (and Egypt), and controls cash, FX and counterparty risk.

Key responsibilities

• Cash and liquidity management: manage daily cash positions across entities and banks, fund accounts and sweep surplus cash; prepare and update a rolling six-month cash flow forecast monthly, within the first three working days of each month; prioritise supplier, subcontractor and payroll payments; invest surplus cash in approved deposits, including Islamic placements, within policy limits; design and run intercompany funding and, where feasible, cash pooling.
• Banking relationships and facilities: manage relationships with local and international banks in the GCC and Egypt; negotiate and renew working capital, overdraft, term loan and banking facilities; manage trade finance (letters of credit, bid, performance, advance payment and retention guarantees); track guarantee exposure and expiries by project and release guarantees on completion milestones; maintain bank account and guarantee registers, monitor covenant compliance and prepare bank compliance certificates; maintain bank mandates, signatory matrices, KYC renewals and account openings and closures.
• Risk management and controls: identify and manage FX exposure; own the treasury policy, payment approval workflow and segregation of duties to prevent payment fraud; review accounts receivable and payable transactions and ensure treasury transactions are accurately recorded, reconciled and reported.
• Reporting and strategy: report liquidity, debt, guarantees, covenant headroom and finance cost to the FM and CFO; provide funding and guarantee input to tenders and new projects; lead treasury digitisation and payment automation.

Required profile

• Bachelor's degree in Finance and Accounting.
• 6-8 years' experience, at least 4 in corporate treasury or bank relationship roles in the GCC.
• Proven record negotiating facilities and managing guarantee portfolios, ideally in AEC, contracting or project businesses.
• Strong knowledge of GCC banking practice.
• Professional qualification preferred: CTP, CFA, CA, ACCA, CPA or CMA (qualified or part-qualified).

Required skills

• Advanced cash flow modelling in Excel; experience with ERP treasury modules.
• Strong negotiation with existing senior relationships at major GCC banks.
• Sound judgement on liquidity and risk under pressure and clear, concise reporting to management.