About the company: At Almosafer Travel & Tourism Co, we’re not just part of the travel industry, we’re helping shape its future. As Saudi Arabia’s leading travel company, we serve millions across every segment of the travel and tourism ecosystem. Rooted in our name “Almosafer,” meaning the traveler, we strive to make every journey seamless, personal, and purposeful. Our diverse platforms and services are built to deliver enriching experiences that reflect the spirit of Saudi Arabia and the wider region. We’re united by a bold vision: To be the undisputed leader in travel services, fostering lasting connections and setting new benchmarks for excellence in the Kingdom and beyond. Our team across Saudi Arabia and the wider region blends deep cultural understanding with forward-thinking innovation, shaping a new standard for travel in the region. About the Role: The Treasury Head leads the company’s liquidity, funding, and banking operations, ensuring optimal cash management, capital structure, and financial risk control. This role is accountable for maintaining strong banking relationships, securing credit facilities, and driving automation across treasury systems. It also oversees treasury governance, policy compliance, and supports strategic decisions on funding, debt structuring, and investment of surplus cash. The role ensures financial stability, operational efficiency, and effective treasury support for business growth. Responsibilities: <ul style="margin-top:0.0px;margin-bottom:0.0px"> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Develop and execute the group treasury strategy including liquidity planning, capital structure optimization, short-term investments, and financial risk management across all entities and regions. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Build and maintain strong, strategic relationships with local and international banks to enhance credit capacity, optimize borrowing costs, and ensure access to financial services that support business operations and growth plans. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Oversee day-to-day treasury operations, including cash positioning, bank reconciliations, payment execution, intercompany settlements, and ensuring adequate liquidity for business continuity. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Negotiate credit facilities, overdrafts, Letters of Credit (LCs), Letters of Guarantee (LGs), and ensure competitive terms to support business needs. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Lead group cash flow forecasting, covering short, medium, and long-term horizons, integrating inputs from finance, operations, and business teams. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Design and implement a robust cash management operating model, including treasury processes, documentation standards, control checkpoints, approval workflows, and escalation procedures. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Establish and enforce treasury policies, procedures, and internal controls, ensuring compliance with internal audit standards, SAMA/CMA/ZATCA regulations, and IFRS-related treasury implications. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Evaluate new banking products, digital cash tools, and treasury management technologies to improve visibility, control, reduce operational costs, and enhance efficiency (e.g., virtual accounts, API integration). </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Ensure efficient debt structuring, optimize use of available funding sources, and maintain healthy leverage ratios aligned with the group’s capital allocation and risk appetite. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Oversee treasury system integration and automation, including ERP-bank connectivity, automated payment platforms, digital approval cycles, and real-time dashboards for liquidity and FX exposure. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Provide strategic insights and reporting to the management, including scenario modeling, working capital KPIs, FX impact analysis, and cost of capital updates. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Support investor relations and rating agencies in preparing treasury-related disclosures and compliance certificates (e.g., debt servicing, liquidity ratios, capital adequacy). </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Build, lead, and mentor a high-performing treasury team, driving collaboration, continuous improvement. </li> </ul> Profile requirements: <ul style="margin-top:0.0px;margin-bottom:0.0px"> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Bachelor’s or master’s degree in finance, Accounting, Economics, or a related field., Professional certification preferred (CFA, CTP, ACT). </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> 8+ years of treasury or corporate finance experience, with at least 5 years in a leadership role and deep exposure to KSA & UAE banking markets. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Proven track record in managing banking relationships, cash forecasting, capital structure optimization, and financial risk mitigation. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Experience in complex multi-entity structures across multiple geographies, preferably with exposure to regulated or listed environments. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Excellent command of banking treasury systems integration with companies ERP platforms </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Strategic mindset with hands-on operational capability, capable of designing and leading treasury governance frameworks from scratch. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Strong understanding of FX, interest rate hedging, investment portfolios, and cash pooling & Concentration structures. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Proven leadership skills, with a track record of mentoring treasury professionals and managing cross-functional collaboration. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Strong communication and negotiation skills with banks, auditors, and stakeholders. </li> <li style="font-size:10.0pt;font-family:Arial, sans-serif"> Fluency in English & Arabic (spoken and written). </li> </ul> Being you @ Almosafer: At Almosafer, our teams work with purpose, clarity, and a shared commitment to doing things the right way. Whether you're building platforms, supporting travelers, or shaping strategy, your work connects to something bigger. Across functions and locations, we value accountability, trust, and collaboration - and we create the structure and space for you to contribute meaningfully from day one. Here, you will find: A purpose-led workplace where your ideas can create real impact Ongoing learning and development to help you grow with intention Recognition that celebrates your wins, both big and small A community built on trust, curiosity, and shared momentum No matter where your journey started, at Almosafer, you will find space to grow, connect, and contribute meaningfully.

Head of Treasury (Riyadh, Saudi Arabia) @ Almosafer

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