Title: Treasury Director

Location: Riyadh, KSA

About El Seif:

Building the Future - One Project at a Time!

Excellence, Integrity and, Innovation - every step of the way.

At El Seif, we embrace and embody our core values of excellence, integrity, and innovation in every aspect of our work from meticulous planning to expert construction, we consistently uphold the highest standards of excellence, ensuring that our projects are delivered with precision and attention to detail. With half a century of diverse experiences across a wide range of industries, ranging from public infrastructure to military and defense applications, we have honed our expertise and gained indispensable insights that enable us to tackle complex challenges and maintain our standard of delivering exceptional results. Our forward-thinking approach sets us apart as a trusted partner in the construction industry. By continuously pushing the boundaries of innovation, we strive to pioneer the future of construction, creating sustainable and impactful solutions that leave a lasting legacy.

Major Responsibilities:

• Develop, implement and maintain a comprehensive Treasury plan and ensure integrity and efficiency of cash flow and forecasting.
• Manage banking/Financial Institutions relationships to enhance and develop banking relations’ structure and ensure maximum funding advantage to the business and arrange and negotiate adequate funding facilities, credit lines and loans.
• Negotiate bilateral and syndicated banking facilities on the best possible terms and ensure the effective administration thereof.
• Maintain strong relationship with banks and financial institutions.
• Review cash flow requirements. Monitor working capital and develop and implement strategy to enhance the working capital position.
• Ensure appropriateness of funding structures and strive to maintain the required liquidity at the lowest cost.
• Streamline and modernize the Treasury function. Develop processes, policies, systems and effective Treasury reporting structures to enhance its effectiveness and performance and ensure compliance with best practices and tools.
• Oversee the implementation and management of treasury systems to enhance efficiency and accuracy in cash management.
• Propose and implement corrective measures, cost control initiatives and system upgrades.
• Build, lead and empower the required Treasury Team to achieve performance criteria paving the way for their promotion and development of their career path.
• Maintain effective relationship with the Shareholders and Corporate Management Team and interact with the Senior Management on timely preparation and submission of Group Treasury reports.
• Ensure compliance with internal financial controls, regulatory requirements, and corporate governance policies

Skills

Knowledge, Skills, Competencies and Experience:

• A minimum of 15 years relevant experience (Construction/Contracting Industry is a MUST).
• Bachelor’s degree in Finance, Accounting or, Financial Management.
• Proficiency in written and spoken English (Arabic is a plus).
• Strong planning and negotiations skills.