Job Description
Almutlaq Real Estate Investment Co. (AREIC) a privately held real estate company, is a master developer with properties developed throughout Saudi Arabia. It is committed to long-term ownership and managing high-quality property portfolios, aiming to be the pioneer real estate company in originating, developing, and managing unique destinations.
Residency: Saudi Arabia
Language: Arabic with Fluent level, English with Fluent level
Career level: Mid-level
Bachelor degree in جامعة علوم مالية ومصرفية with GPA
2 years experience in Facilities & Property Management
2 years experience in Islamic Banking
1-year experience in Construction & Building
- Identify improvements in current bank and cash management processes to streamline and reduce costs.
- Implement treasury policies and procedures within the company and its subsidiaries
- Establishing processes to ensure that remittances are processed in a timely and systematic manner.
- Ensure all cash forecasts and remittance requests are up to date, recorded, and approved by the appropriate manager.
- Produce monthly reconciliations for all bank accounts
- Update cash and bank balance reports at regular intervals
- Produce accurate and timely consolidated cash flow reports every month and make recommendations on cash flow management.
- Analyze debtors to show the potential impact on cash position
- Identify improvements in current bank and cash management processes to streamline and reduce costs.
- Act as the main contact point for the company banking partners for all international and domestic payments, corporate services, and queries
- Prepare the company forecasted business plan and budgeting.
- Ensure the company's compliance with all banking regulatory requirements.
- Analyze and report actual versus forecasted cashflows on regular intervals
- Act as a custodian for open LGs and LCs, EBL, STL, LTL, and IRS.
- Initiate account opening and closure, and follow up with the necessary approvals in a reasonable time
- Evaluate the solvency risk for new and ongoing projects, budget proposals, and daily operations
- Obtain new facilities and manage the bank relationship.
Job Details
- Job Location
- Riyadh Saudi Arabia
- Company Industry
- Financial Services; Real Estate
- Company Type
- Recruitment Agency
- Job Role
- Finance and Investment
- Employment Type
- Full Time Employee
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- 1