Treasury Senior Associate

PwC

  • Riyadh
  • Permanent
  • Full-time
  • 20 days ago
Line of Service Internal Firm ServicesIndustry/Sector Not ApplicableSpecialism IFS - FinanceManagement Level Senior AssociateJob Description & Summary Firm Overview:At PwC, we are a community of solvers, where every individual plays an important role in shaping the future of our firm, clients and communities. We seek individuals who excel in their roles and embody our core behaviors, working together to create a better tomorrow. Our commitment to Trusted Leadership and Distinctive Outcomes, from our PwC Professional framework, defines how we deliver on our purpose and strategy, serving our clients and living our values in every interaction. Trusted Leadership emphasizes building trust, delivering sustained outcomes, and demonstrating courage and honesty, especially during challenging times. Distinctive Outcomes focus on excellence, collaboration, and inclusiveness, ensuring our work adds value, meaning, and purpose. By integrating these principles into our daily operations, we ensure that our efforts are aligned with our values and objectives. Thus, we are looking for candidates who are self-aware, collaborative, committed to continuous learning, and dedicated to delivering quality and integrity.We’re a network of firms in 152 countries with more than 328,000 people who are committed to delivering world-class capabilities and quality in assurance, tax and advisory services.Established in the region for over 40 years, PwC Middle East employs over 10,000 people across 12 countries: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Palestine and the United Arab Emirates. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East region. Our tailored solutions help our clients meet the challenges and opportunities of doing business in the Middle East market, and beyond.Line of Service and Overview:Internal Firm Services (IFS):IFS is a network of specialist support professionals, which includes Clients & Markets, Finance, Human Capital, Marketing & Communications, Office Management, Risk & Quality, Technology, to name but a few. Each function plays a vital role in making sure we have all the right resources, services and technology across our business.
  • The treasury specialist is responsible for the day-to-day Treasury operations, managing debt, intercompany funding, and bank guarantees.
  • They monitor and report on covenants, ensure accuracy of treasury transactions, and support external audits.
  • The treasury specialist also plays a key role in optimizing working capital, improving cash flow forecasting, and implementing treasury management solutions.
  • They manage cash positions, short-term investments, FX deals, bank accounts, and payment systems.
  • Additionally, the treasury specialist handles bank guarantees, reconciliations, and ad hoc administrative tasks assigned by the head of treasury.
Key Responsibilities:Undertake day to day treasury operations including bank account management, mandates, online banking and annual KYC review
  • Participate in new debt issuance and management of existing debt
  • Track and manage intercompany funding and ME bank guarantees (retrieval & reporting)
  • Regularly monitoring and reporting of the covenants and undertakings
  • Liaise with accounting and internal audit departments to ensure accuracy of Treasury transactions history and audit trail
  • Support the Finance team in external Audit requirements related to Treasury
  • Assist the ME Treasurer in special projects as and when required
  • Regularly review the ME financial position considering near term debt maturities and make recommendations with respect to financing plans
  • Manage the cash position and recommend short term investments
  • Optimize working capital and improve cash flow forecasting ensuring accurate and timely forecasts
  • Lead the development and implementation of the Treasury Management Solutions "TMS" for the Middle East
  • Manage bank guarantees in all countries excl.
  • KSA (issuance & retrieval)
  • Administrator of the ME banking and payment systems and controls
  • Booking and execution of FX deals
  • Manage all aspects of daily cash flow and identify regional funding requirements
  • Manage bank guarantees in all countries excl.
  • KSA (issuance & retrieval)
  • Manages the daily reconciliations in the TMS
  • Manage new and existing bank accounts ensuring that signatories are updated in accordance with the Delegation Authority Matrix and monitor bank costs
  • Administrator of the ME banking and payment systems and controls
  • Booking and execution of FX deals
  • Support treasury Operations including bank accounts, mandates, online banking and annual KYC review in KSA
Including such other duties that may be assigned to you by your managerMinimum years experience required:
  • 4-7 years of relevant experience
  • Experience within Bi4 or similar industry would be ideal but not mandatory
Skills:
  • Analytical Skills: Strong analytical and problem-solving abilities to analyze financial data, identify trends, and make informed decisions.
Education (if blank, degree and/or field of study not specified) Degrees/Field of Study required:Degrees/Field of Study preferred:Certifications (if blank, certifications not specified)Required SkillsOptional Skills Accepting Feedback, Accepting Feedback, Active Listening, Analytical Thinking, Bank Financing, Cash Flow Analysis, Communication, Cost of Capital Analysis, Creativity, Credit and Market Risk Management, Deal Structures, Debt Structuring, Embracing Change, Emotional Regulation, Empathy, Escalation Management, Financial Forecasting, Financial Instruments, Financial Management, Financial Modeling, Financial Policy, Financial Risk Analysis, Financial Statement Analysis, Financing Solutions, Foreign Exchange {+ 30 more}Desired Languages (If blank, desired languages not specified)Travel Requirements Not SpecifiedAvailable for Work Visa Sponsorship? NoGovernment Clearance Required? YesJob Posting End Date

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