Treasury Manager
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Key skills for this role
About the Role
MDLBEAST seeks a Treasury Manager in Jeddah to own group-wide treasury operations, including cash management, banking relationships, trade finance, and FX risk. The ideal candidate has 7-12 years of corporate treasury experience, ERP proficiency, and relevant certifications.
Key Skills for This Role
Responsibilities
- Develop, maintain and enhance short term and long term cash flow forecasts across the group
- Monitor daily cash positions across all entities and ensure optimal liquidity for operational and capital expenditure needs
- Implement working capital optimization initiatives to improve cash efficiency
- Provide accurate liquidity reporting and dashboards to senior management
- Manage and develop strategic relationships with the group's banking partners
- Negotiate and structure banking facilities, RCFs, term loans, and credit lines on favourable terms
- Oversee facility utilization across multiple banks and ensure compliance with all covenants
- Maintain bank master data and signatory matrices within the ERP system
- Manage trade finance instruments including Letters of Credit (LCs), Standby LCs, Bank Guarantees (LGs), and receivable financing
- Monitor and manage FX exposure through spot and forward transactions
- Develop and execute hedging strategies aligned with group risk policies
- Oversee end to end payments governance — including authority matrices, approval workflows, and segregation of duties
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or related field
- 7 – 12 years of progressive corporate treasury experience, preferably within multi entity / multi currency groups
- Proven hands on experience with cash flow forecasting, banking facility management, trade finance instruments (LCs, LGs, SBLCs), and FX risk management
- Strong working knowledge of ERP systems, particularly SAP Treasury, Oracle, or comparable TMS platforms
- Experience developing treasury policies, SOPs, and payment governance frameworks
- Excellent command of English and Arabic (preferred)
- Preferred certifications: CTP, CFA, ACT, CMA, CPA / SOCPA
Full Job Posting
Role Overview
- As MDLBEAST scales across festivals, venues, and live entertainment, the Treasury function is being elevated to support our growth.
- The Treasury Manager will own group wide treasury operations and partner closely with the CFO and finance leadership to ensure financial agility, strong banking relationships, and disciplined cash and risk management.
- This is a hands on, build and shape role at the heart of MDLBEAST's financial operations.
Cash & Liquidity Management
- Develop, maintain and enhance short term and long term cash flow forecasts across the group.
- Monitor daily cash positions across all entities and ensure optimal liquidity for operational and capital expenditure needs.
- Implement working capital optimization initiatives to improve cash efficiency.
- Provide accurate liquidity reporting and dashboards to senior management.
Banking Relationships & Facilities
- Manage and develop strategic relationships with the group's banking partners.
- Negotiate and structure banking facilities, RCFs, term loans, and credit lines on favourable terms.
- Oversee facility utilization across multiple banks and ensure compliance with all covenants.
- Maintain bank master data and signatory matrices within the ERP system.
Trade Finance & FX Risk
- Manage trade finance instruments including Letters of Credit (LCs), Standby LCs, Bank Guarantees (LGs), and receivable financing.
- Monitor and manage FX exposure through spot and forward transactions.
- Develop and execute hedging strategies aligned with group risk policies.
- Liaise with banks and internal stakeholders to ensure timely execution of trade finance transactions.
Payments & Treasury Operations
- Oversee end to end payments governance — including authority matrices, approval workflows, and segregation of duties.
- Drive automation and digitization of treasury operations, including B2B bank integration and ERP enhancements.
- Manage daily treasury operations ensuring compliance with internal controls and accounting standards.
Governance, Controls & Reporting
- Develop and maintain a robust treasury policy framework aligned with best practices.
- Implement treasury SOPs, internal controls, and risk management frameworks.
- Prepare treasury management reports and analyses for the CFO and executive leadership.
- Support audit, regulatory, and compliance requirements relating to treasury activities.
Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or related field. Master's degree (MBA, MSF) is a plus.
- 7 – 12 years of progressive corporate treasury experience, preferably within multi entity / multi currency groups.
- Proven hands on experience with cash flow forecasting, banking facility management, trade finance instruments (LCs, LGs, SBLCs), and FX risk management.
- Strong working knowledge of ERP systems, particularly SAP Treasury, Oracle, or comparable TMS platforms.
- Experience developing treasury policies, SOPs, and payment governance frameworks.
- Excellent command of English and Arabic (preferred).
Preferred Certifications
- CTP (Certified Treasury Professional) — Association for Financial Professionals
- CFA (Chartered Financial Analyst)
- ACT (Association of Corporate Treasurers)
- CMA (Certified Management Accountant)
- CPA / SOCPA
Industry Experience
- We welcome candidates with treasury experience across a range of sectors. Preference is given to candidates with backgrounds in:
- Entertainment, events, hospitality, or lifestyle
- Multi business holdings or conglomerates
- Consumer, retail, or FMCG groups
- Real estate development and project based industries
- Other high growth, multi entity organizations
What We Offer
- A high visibility role at one of Saudi Arabia's most exciting and fastest growing entertainment platforms.
- Direct exposure to senior leadership and the opportunity to shape the treasury function.
- Competitive compensation and benefits package.
- A dynamic, collaborative, and inclusive working environment in Jeddah.
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