Corporate Finance & Cash Management Division Head

Company: Yanbu Aramco Sinopec Refining Company (YASREF) Ltd. –

WebSite: Riyadh, Saudi Arabia

Job Description:**JOB SUMMARY**

This position is responsible for the comprehensive management of treasury functions and working capital, ensuring the financial stability and operational effectiveness of YASREF. This encompasses strategic planning, execution, and oversight of all cash management activities, investment of excess funds, and maintenance of optimal capital structure. The incumbent will manage budget processes, generate timely and accurate financial reporting, conduct in-depth financial analysis, and provide strategic advice to management and shareholders regarding the company’s financial position. Furthermore, the role involves maintaining relationships with lenders, ensuring compliance with relevant regulations, and contributing to the development and implementation of organizational strategies and policies.

**KEY RESPONSIBILITIES**

**Managerial Responsibilities:**

1. Contribute to the formulation of annual operational plans aligned with divisional objectives. Actively participate in the enhancement and development of business processes, operating procedures, policies, and systems.
2. Ensure the professional development of staff through the provision of appropriate training programs to enhance required skills and knowledge.
3. Establish and monitor Key Performance Indicators (KPIs) related to annual performance objectives. Champion the implementation of a robust Health, Safety, and Environment (HSE) culture, ensuring compliance with relevant regulations, policies, and procedures. Ensure employees receive adequate HSE training to meet established standards.

**Functional Responsibilities:**

1. Oversee treasury and working capital management, planning and directing all cash management activities and investment strategies for excess funds to ensure adequate liquidity for YASREF’s operational needs.
2. Manage the budgeting process, including periodic forecasting and the generation of comprehensive, accurate, and timely financial reports, encompassing balance sheet controls and financial information interpretation.
3. Conduct business and treasury analyses, interpreting data and generating reports to support informed management decision-making. Advise management and shareholders on YASREF’s capital structure and debt status.
4. Lead the analysis required to develop an optimal capital structure for YASREF. Advise management on the most suitable sources of financing for operations and capital investments.
5. Provide regular updates to management on current and future debt and credit needs, as well as repayment schedules. Develop insights for an optimized debt and credit structure.
6. Formulate YASREF’s dividend and shareholder payout policies. Develop financial planning and projection models and tools to analyze key drivers and provide actionable insights.
7. Develop, manage, and compile treasury finance and forecasts.
8. Manage cash flow forecasting by developing and maintaining models and coordinating inputs with key personnel across departments.
9. Perform and enhance established and ad-hoc financial analyses, including reporting on key metrics, conducting Return on Investment (ROI) analysis, benchmarking against competitors, analyzing potential strategic partnerships and acquisitions, and evaluating spending patterns.
10. Prepare reports and analyses for Board of Directors meetings.
11. Manage and maintain cash requirements to ensure appropriate cash flow. Oversee incoming and outgoing cash operations, including deposits, disbursements, and wire transfers.
12. Conduct analyses to forecast cash requirements and positions, proactively identifying potential cash flow issues and recommending appropriate mitigation strategies to YASREF’s management.
13. Manage the preparation of weekly and monthly treasury reports.
14. Support the maintenance of integrity and accuracy in financial transactions and reports. Assist with the closing process for interest accruals and payments.
15. Manage the evaluation and execution of investment options for surplus funds. Develop policies and procedures to improve the efficiency of transactions, including collections, fund transfers, disbursements, month-end account closing activities, and inter-departmental reporting.
16. Manage issues related to foreign currency exchanges. Implement effective controls to ensure compliance with all relevant regulations and maintain accurate records of all transactions.
17. Maintain relationships with lenders, provide required analyses, and update lenders with any company documentation changes.
18. Perform other job-related duties as assigned by the direct supervisor.

**MINIMUM REQUIREMENTS**

* **Education:** Bachelor’s Degree in Accounting, Finance, or a related field.
* **Experience:** Twelve (12) years of relevant experience.
* **Certification (Optional):** Certification in CFA or equivalent professional certification.

Skills: