Treasury and Financial Analysis Officer

• Company brief:

Almutlaq Real Estate Investment Co. (AREIC) a privately held real estate company, is a master developer with properties developed throughout Saudi Arabia. It is committed to long-term ownership and managing high-quality property portfolios, aiming to be the pioneer real estate company in originating, developing, and managing unique destinations.

• Candidate specs:

Residency: Saudi Arabia

Language: Arabic with Fluent level, English with Fluent level

Career level: Mid-level

• Education:

Bachelor degree in جامعة علوم مالية ومصرفية with GPA

• Work experience:

2 years experience in Facilities & Property Management

2 years experience in Islamic Banking

1-year experience in Construction & Building

• Job description:

1. Identify improvements in current bank and cash management processes to streamline and reduce costs.
2. Implement treasury policies and procedures within the company and its subsidiaries
3. Establishing processes to ensure that remittances are processed in a timely and systematic manner.
4. Ensure all cash forecasts and remittance requests are up to date, recorded, and approved by the appropriate manager.
5. Produce monthly reconciliations for all bank accounts
6. Update cash and bank balance reports at regular intervals
7. Produce accurate and timely consolidated cash flow reports every month and make recommendations on cash flow management.
8. Analyze debtors to show the potential impact on cash position
9. Identify improvements in current bank and cash management processes to streamline and reduce costs.
10. Act as the main contact point for the company banking partners for all international and domestic payments, corporate services, and queries
11. Prepare the company forecasted business plan and budgeting.
12. Ensure the company's compliance with all banking regulatory requirements.
13. Analyze and report actual versus forecasted cashflows on regular intervals
14. Act as a custodian for open LGs and LCs, EBL, STL, LTL, and IRS.
15. Initiate account opening and closure, and follow up with the necessary approvals in a reasonable time
16. Evaluate the solvency risk for new and ongoing projects, budget proposals, and daily operations
17. Obtain new facilities and manage the bank relationship.