Senior Manager, Treasury

Job Purpose

Responsible for the planning and execution of day-to-day and period-end Treasury activities and ensuring the effective management of Kinan’s cash flow, liquidity, and financial resources. The position supports the company’s strategic and operational goals by safeguarding cash assets, optimizing funding structures, managing banking relationships, and ensuring compliance with financial policies and standards. Through proactive cash and investment management, the Treasury Manager contributes to maintaining financial stability and maximizing returns for Kinan.

• Manage all aspects of cash flows, including actuals, forecasting, and budgeting.
• Oversee forecasted cash flow positions, related borrowing needs, and funds available for investment.
• Advise management on liquidity aspects for short‑range (e.g., biweekly cash flow forecasting) and long‑range planning (Annual Budgets and 5‑Year Plans).
• Lead the treasury month‑end close process, including reviewing and accurately recording weekly cash activity to the general ledger.
• Ensure optimal utilization of surplus funds by investing in approved and secure financial instruments.
• Identify and implement treasury‑related business process improvements, including multi‑lateral netting and cash pool structures via in‑house banking.
• Identify opportunities for better utilization of excess cash (e.g., term deposits, cash pooling).
• Develop and maintain strong bank relationships, managing all banking structures to secure the most favorable terms.
• Ensure timely execution of banking transactions and adherence to authorized signatory limits.
• Negotiate banking terms, facilities, and fees to ensure cost efficiency.
• Support the structuring and execution of financing arrangements to meet project and corporate funding requirements.
• Monitor loan covenants, repayment schedules, and compliance with financing agreements.
• Search for, propose and evaluate funding products and opportunities to optimize the company’s capital structure and minimize financing costs.
• Prepare periodic treasury reports, including cash flow forecasts and liquidity positions.
• Monitor and oversee existing bank account services and signatories, including account administration for opening, migrating, and closing accounts.
• Manage all property insurance policies, along with banks’ guarantees and letters of credit.
• Ensure policies and procedures meet organizational objectives, operational needs, and regulatory requirements.
• Possess in-depth knowledge of REGA regulations and integrate their implications into cash flow forecasting, liquidity management, and overall treasury planning to ensure compliance and accurate financial projections.
• Lead the cash management module in the Fusion system to support GL, AP, AR, Procurement, and FA processes.
• Identify and implement treasury‑related business process improvements to enhance efficiency and financial control.
• Support special projects and acquisitions as assigned by management.

• Based in Jeddah
• Operates in a complex and dynamic financial environment that requires strong liquidity planning, banking management, and treasury control.
• Supports corporate and project‑level funding requirements to ensure alignment with Kinan’s strategic expansion and financial sustainability.
• Ensures compliance with internal treasury policies, REGA regulations, and financial governance standards.
• Enhance operational efficiency through treasury automation and system integration using Oracle Fusion Cash Management.

• Reports to CFO
• Employed under a one‑year contract and will be renewable for a comparable period unless either party notifies.
• Works closely with Finance, FP&A, Accounting, Legal, and Procurement teams to support cash planning and funding operations.
• Coordinates with Development and Investment teams to ensure project funding availability and cash flow alignment.
• Maintains strong relationships with local and international banks to secure financing facilities and optimize cash structures.
• Engages with regulatory bodies such as REGA regarding project escrow requirements.
• Coordinates with external auditors and…