Senior Analyst, Treasury at Olayan

Riyadh, Riyadh Region, Saudi Arabia -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

0.0

Posted On

02 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Treasury Management, Cash Flow Management, Foreign Exchange, Loan Management, Banking Operations, Trade Finance, KYC Compliance, Online Banking, Financial Reporting, Data Monitoring, Account Reconciliation, SWIFT, SAP BCM, TMS, Bank Account Management, Signature Authority Management, Liquidity Management

Industry

Construction

Description

Short Description (Role Purpose) Support the treasury activities and operations, including functions such as bank accounts management, funds transfers, loan drawdown, loan rollovers, deposit placements, foreign exchange dealing, bank accounts update, online banking set-ups, signature authorities and assisting Opcos on banking and treasury matters. Job Accountabilities & Activities Operations Management: Treasury systems deployment including: SWIFT- for corporate, payment factory setups, TMS, SAP BCM/ treasury module. Manage/ digitize all trade finance activities for OSHCO and subsidiaries. Managing cash flows – OSHCO & operating companies, & other entities where required. Preparing loan drawdown/rollover/repayment plans. Executing treasury transactions and issuing related confirmations. Transactional Processes: Loans (drawdowns, rollovers, reductions, settlements). Deposits. Foreign exchange. Letters of credit and letters of guarantee. Remitting funds to 3rd parties. Funding operating companies. Settling commission on loans. Funding operating companies’ accounts for monthly salaries. Servicing operating companies (In-house banking): Receiving and verifying funding requests. Disbursing funds. Driving multi-company account settlements. Assisting operating companies to issue LCs and LGs. Following up with banks for list of outstanding LCs & LGs. Ensuring prompt deletion of expired LGs. Treasury administration: Driving the opening of bank/investment/shares custody accounts Preparing account opening applications/documents Preparing KYC and compliance documents (FATCA) Complying with WPS requirements for salary payments of OSHCO and Opcos Collecting banking facilities and utilization data from operating companies Monitoring bank accounts for salary rejections and notify/deal with them Preparing and handling of signature authority resolutions Online Banking Operations: Adding new companies and accounts to HSBCnet SWIFT MT940 network Liaise with operating companies to attend their online banking needs Completing documentation/agreements and despatch to banks Following up with banks for adding accounts to online banking system Preparing account opening applications/documents Preparing KYC and compliance documents (FATCA) Reporting: OSHCO daily liquidity position and weekly projections Banking facilities utilization report for OSHCO Banking facilities agreements summary including repayment schedule for OSHCO Weighted average borrowing cost report for OSHCO JV & subsidiaries banking facilities availability & utilization report Monthly inter-company balances between OSHCO & operating companies Outstanding LCs & LGs report for all OSHCO group companies Liaising for and handling of various periodic management reports issued by Treasury. Data monitoring and management: Regular monitoring bank account transactions and balances Updating treasury databases and files Updating the bank signature authorities records for OSHCO and relevant Opcos Sending company signature authorities to banks Assisting accountants in resolving account reconciliation issues with banks Maintaining and safe-keeping of original bank agreements and valuables Education & Certifications Undergraduate Degree in Accounting or Business Management Required Years of Experience Minimum 2 to 3 years work experience in a bank, treasury or finance environment would be preferred and desirable.

Responsibilities

The Senior Analyst, Treasury will support treasury activities and operations, including managing bank accounts, funds transfers, and loan transactions. The role also involves preparing reports on liquidity positions and banking facilities utilization.