Cash Management Officer

Rawabi Holding Company
Khobar, Saudi Arabia
Posted ‎11 hours ago
Expires in ‎2 months

Job Description

• Produces daily bank positions and utilization of bank credit facilities


• Completes monetary transfers when necessary in order to ensure bank positioning is maintained in a sensible manner


• Monitors the daily banks positions


• Supports the Cash Management Manager in developing and institutionalizing data, know-how, and capabilities in bank relations


• Manage incoming and outgoing cash effectively on a daily basis .


• Predict cash requirements and cash position through analysis of budgetary needs and financial reports .


• Forecast daily cash position by utilizing cash receipts and disbursements .


• Analyze cash flow mechanism and prepare monthly variance report .


• Maintain integrity and accuracy in financial transactions and reports .


• Follow standard procedures to improve efficiency in cash collections, funds transfers, cash disbursements, month-end account closing activities, and inter-departmental and inter-company reporting.


• Optimize cash inflow from different business activities and reduce the risk of credit losses.


• Update treasury database for daily transactions.


• Maintain a backup for all the financial data .


• Report any issues related to foreign currency exchange .


• Liaise with banks to address any account issues and queries


• Be an active part in developing cash positioning reports to assist management in making appropriate decisions regarding debts and foreign exchange plans.


• Maintain security and confidentiality of financial records


• Develop professional knowledge on cash management processes and techniques


• Complies in maintaining the security of company's information assets at all times


• Performs miscellaneous tasks as assigned by direct manager

Skills

• Bachelors degree Finance.


• Minimum ‎3-‎5 years of experience in commercial banking or corporate treasury.


• Strong interpersonal, communication, and administration skills.
  Computer literacy, including knowledge of MS office applications and ERP
  applications.


• Ability to gather, arrange, compile, interpret, analyze, summarize and evaluate information and data to formulate conclusions and recommended actions.


• Ability to multi-task between different stages of a cash management package (approval, set-up ... etc.). Must be a self-starter .


• A thorough knowledge of all Bank products and services.


• English and Arabic languages fluency required.

Education

Finance

Job Details

Job Location
Khobar, Saudi Arabia
Company Industry
Other Business Support Services
Company Type
Employer (Private Sector)
Job Role
Other
Joining Date
‎2023-‎05-‎21
Employment Status
Full time
Manages Others
No
Number of Vacancies
‎1

Preferred Candidate

Career Level
Mid Career
Years of Experience
Min: ‎3 Max: ‎5
Residence Location
Saudi Arabia
Degree
Bachelor's degree

Job Details

Job Location
Khobar, Saudi Arabia
Company Industry
Other Business Support Services
Company Type
Employer (Private Sector)
Job Role
Other
Joining Date
‎2023-‎05-‎21
Employment Status
Full time
Manages Others
No
Number of Vacancies
‎1