Treasury Associate

Overview

PwC Middle East is a network of firms in 152 countries with more than 328,000 people committed to delivering world-class capabilities and quality in assurance, tax and advisory services.

Established in the region for over 40 years, PwC Middle East employs over 10,000 people across 12 countries : Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Palestine and the United Arab Emirates. 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.

Internal Firm Services (IFS) is a network of specialist support professionals, which includes Clients & Markets, Finance, Human Capital, Marketing & Communications, Office Management, Risk & Quality, Technology, to name but a few. Each function plays a vital role in making sure we have all the right resources, services and technology across our business.

Responsibilities

• Undertake day to day treasury operations including bank account management, mandates, online banking and annual KYC review
• Participate in new debt issuance and management of existing debt
• Track and manage intercompany funding and ME bank guarantees (retrieval & reporting)
• Regularly monitoring and reporting of the covenants and undertakings
• Liaise with accounting and internal audit departments to ensure accuracy of Treasury transactions history and audit trail
• Support the Finance team in external Audit requirements related to Treasury
• Assist the ME Treasurer in special projects as and when required
• Regularly review the ME financial position considering near term debt maturities and make recommendations with respect to financing plans
• Manage the cash position and recommend short term investments
• Optimize working capital and improve cash flow forecasting ensuring accurate and timely forecasts
• Lead the development and implementation of the Treasury Management Solutions "TMS" for the Middle East
• Manage bank guarantees in all countries excluding KSA; KSA (issuance & retrieval)
• Administrator of the ME banking and payment systems and controls
• Booking and execution of FX deals
• Manage all aspects of daily cash flow and identify regional funding requirements
• Manage new and existing bank accounts ensuring that signatories are updated in accordance with the Delegation Authority Matrix and monitor bank costs

Qualifications

Required Skills

Optional Skills

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

Yes

Seniority level

Employment type

Job function

Industries

Location : Riyadh, Saudi Arabia

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