Treasury Officer

Description

At PwC, we measure success by our ability to create the value that our clients
and our people are looking for. Our reputation lies in building lasting
relationships with our clients and a focus on delivering value in all we do.
We 're a network of firms in ‎158 countries with more than ‎236,000 people who
are committed to delivering world-class capabilities and quality in assurance,
tax and advisory services.
Established in the region for ‎40 years, PwC Middle East employs over ‎4,200
people across ‎12 countries. 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
Internal Firm Services
Industry/Sector
Not Applicable
Specialism
IFS - Finance
Management Level
Associate
Job Description & Summary
The Treasury and Bank Team is a key team within the Finance function in PwC
ME. The role ensures all day to day activities are completed on time and
according to approved process. Ensures adherence of the function to PwC
approved accounting principles, established procedures, departmental
guidelines, and regulatory requirements applicable to the work.
Responsible for relationships for the region. Optimises available cash
balances across the region, transfers balances to /from territories according
to need.
Primary duties and responsibilities

Financial

• Conduct all activities with a view to optimising ME resources, with the aim to minimise interest and bank charges


• Support development of forward looking cash plan, anticipating changes in cash balances and planning coverage by facilities


• Support management of all regional bank accounts, supports opening and closing of accounts across the region and manages data within appropriate systems


• Processes bank guarantee requests from LoS Finance Partners or Client Staff


• Reviews outstanding guarantees and flag to where reclaims are overdue


• Collate and report on weekly cash position review from each territory


• Consolidate all surpluses and deficits for each territory, with all surpluses transferred to central, and all deficits covered by central
  Customer


• Support treasury activities for all territories, ensuring that they are able to conduct local activities e.g. payroll efficiently each month


• Support Leader in working closely with LoS Finance Partners as appropriate on any LoS related Treasury / cash issues


• Work closely with other Finance & Accounting Teams (.e.g. AP) to understand their activities and to ensure the correct accounting treatment is applied to their activities


• Contribute to ensuring the provision of high quality treasury services
  Internal Process


• Ensure adherence to PwC approved accounting standards and principles


• Coordinate activities with other departments and workgroups as needed


• Support analysis of Treasury & Bank processes efficiency, identifying improvement initiatives


• Assist in developing treasury reports on a periodic basis for senior management as needed


• 
  

  Monitor financial and economic market trends including interest rates, foreign exchange rates, etc.
  
  Learning & Growth

  
  


• 
  

  Ensures adherence to PwC approved accounting standards and principles; ensures maintenance of proper audit trails and verification and reconciliation actions for all processed work

  
  


• Responsible for management of workloads as appropriate


• Responsible for the continuing professional development of self


• Establish a healthy work environment for employees on the team


• 
  

  Act as a key resource and liaison to other functional areas of the business, building cross-functional relationships as needed
  Knowledge, skills, and abilities
  
  Education

  
  


• 
  

  Bachelor's Degree in Business Administration, Accounting, Finance or related field required
  
  Language

  
  


• 
  

  Fluency in spoken and written English and Arabic is essential
  Overall Experience

  
  


• 
  

  ‎2+ years of experience in a treasury function
  
  Specific Experience

  
  


• 
  

  Experience with treasury operation

  
  


• 
  

  Experience with funds allocation, working capital, foreign exchange management and bank guarantees
  
  Knowledge and Skills

  
  


• 
  

  Knowledge of capital structures management

  
  


• Knowledge of liquidity analysis and optimization techniques


• Knowledge of financial risk management and hedging tools


• Excellent financial, statistical and analytical skills


• Exposure to financial market trends (e.g. current risks, interest rate risks) and treasury products


• Understanding of general/international accounting standards and practices


• Organization, thoroughness, eye for detail, time management skills and proactivity


• Strong verbal and written communication skills


• Ethical Conduct
  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 Skills
  Optional Skills
  Desired Languages
  (If blank, desired languages not specified)
  Travel Requirements
  Not Specified
  Available for Work Visa Sponsorship?
  Yes
  Government Clearance Required?
  Yes
  Job Posting End Date

Job ID: 402786WD
Industry: Not Applicable
Service: Internal Firm Services
Grade: Associate
Location: Riyadh
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