Senior Treasury Accountant

Company Overview

AlShahin Metal Industries is a leading Saudi company specializing in the design, fabrication, and supply of structural steel buildings and pre-engineered steel structures for commercial, industrial, and infrastructure projects across Saudi Arabia and GCC countries. The company operates large-scale steel fabrication facilities and has been serving the market since 1978.

Job Summary

The Senior Treasury Accountant is responsible for managing the company’s treasury operations, ensuring optimal cash flow management, banking relationships, and financial risk mitigation. The role supports operational and project financing needs within the steel manufacturing and contracting environment. The position ensures efficient liquidity management, timely bank transactions, and compliance with internal financial policies.

Key Responsibilities

Treasury & Cash Management

• Monitor and manage daily cash positions across bank accounts to ensure sufficient liquidity for operational and project requirements.
• Prepare daily, weekly, and monthly cash flow forecasts aligned with production, procurement, and project payment schedules.
• Optimize cash utilization and maintain adequate working capital for manufacturing operations.
• Coordinate fund transfers between accounts and entities when required.

Banking Operations

• Manage relationships with banks and financial institutions.
• Handle banking transactions including LCs (Letters of Credit), LGs (Letters of Guarantee), bank transfers, and loan documentation.
• Monitor bank facilities, credit lines, and financing arrangements related to project and operational funding.
• Ensure timely processing of payments, collections, and bank reconciliations.

Treasury Reporting

• Cash position reports
• Cash flow forecast vs actual analysis
• Bank facility utilization reports
• Debt and financing schedules

Financial Controls & Compliance

• Ensure treasury activities comply with internal controls, company policies, and regulatory requirements.
• Monitor compliance with banking covenants and financing agreements.
• Support internal and external audit processes related to treasury activities.

·       Ensure proper controls for bank guarantees and letters of credit related to projects and procurement.

Coordination & Support

• Collaborate with procurement, project management, accounts payable, and accounts receivable teams to align cash flow with operational needs.
• Support finance management in working capital optimization and funding strategies.
• Participate in ERP treasury modules and system improvements.