Treasury​ Senior Specialist

RESPONSIBILITIES Shall Include but not limited to: - Ensures compliance with all Saudi Arabian banking and other associated regulatory requirements. - Completes or assists in completing all cash management set-up documentation for new and existing department processes; prepares correspondence and proposals directed to and for cash management. - Monitors all cash management operations to include daily cash administration, management of current accounts and bank relations. - Monitors all cash transactions to ensure that all bank accounts balance to the financial statements; and that any unusual items are investigated. - Works with Rig Managers, Department Managers, and other relevant groups to accurately forecast timing and amount of future cash flows (weekly, monthly, quarterly, and annually or as often as necessary). - Ensures the availability of liquidity by forecasting and monitoring cash flows (weekly, monthly, quarterly etc.) as well as preparing cash flow reports for management, identifying, and evaluating variances. - Develops or assists in the development and maintenance of all Banking and treasury Management Policies, Procedures and associated Internal Controls. - Assists in the create, enhance, and implement cash management investment strategy in compliance with policy and regulations. - Performs other job-related duties assigned by Treasurer. - Assist in procuring new bank loan agreements. - Assist in Managing the company working capital bank products. - Assist in managing the debt book of the company. - Coordinate the cash forecasting process of the company and assist the department to drive down the working capital cost. - A good track record of reporting and cash forecasting. - Manage and monitor liquidity buffer, making sure that the firm has access to appropriate liquidity at appropriate times. - Administrate approved foreign exchange hedging, insurance policies and credit limits. - Assist in managing hedge position and debt covenant. - Assist in managing short- and medium-term debt facilities. - Insurance knowledge including, ability to communicate, negotiate and renew insurance coverages, assessment of risk exposure and aligning this with risk tolerance of the company. - Reviewing insurance provisions on external contracts and aligning them with the company existing coverages. - Assisting the treasurer in Preparing management, financial institutions, and board reports - Other ad-hoc projects and activities, including cross functional teams

Ensure compliance with Saudi Arabian banking and regulatory requirements. Complete cash management setup documentation and prepare related correspondence and proposals. Monitor cash management operations, daily cash administration, current accounts, and bank relations. Verify that bank accounts balance to financial statements and investigate any unusual items. Collaborate with Rig Managers, Department Managers, and others to forecast timing and amount of future cash flows (weekly, monthly, quarterly, annually). Forecast and monitor liquidity and prepare cash flow reports for management, identifying variances. Develop and maintain Banking and treasury Management Policies, Procedures, and Internal Controls. Assist in developing and implementing cash management investment strategy in line with policy and regulations. Perform other duties as assigned by Treasurer. Assist in procuring new bank loan agreements and managing working capital bank products and the debt book. Coordinate cash forecasting processes to optimize working capital costs. Maintain liquidity buffers and ensure access to liquidity. Administer foreign exchange hedging, insurance policies, and credit limits. Assist in managing hedge positions and debt covenants, as well as short- and medium-term debt facilities. Manage insurance provisions on external contracts and align with existing coverages. Assist the treasurer in preparing management, financial institutions, and board reports. Support cross-functional projects and ad-hoc activities.