1. Prepare Daily Cash Position Report and periodical Cash Flow Forecast reports inherent to the assigned unit. Also, upon management request develop ad-hoc reports related to cash management performance.
2. Support the Treasurer in observing and implementing policies and procedures related to Treasury and taking on ad hoc duties as required.
3. Participate in preparation of the FAD & TR policy and procedures related to oversee the transactions of the Department.
4. Place all FX deals and ensure that all FX deals are confirmed with banks and ensure any excess funds are placed in the best available investment instruments in line with approved Cash Management Policy. Closely monitor the loan portfolio & the loan documents' requirements.
* Preparation of the Drawdown Requests under the Project Finance Facilities.
* Submit to Lenders the required Loan securities such as Promissory Notes (Submission, Renewal, Safe Keeping).
5.Lead the assigned unit to execute the day-to-day activities and transactions which are considered inherent to the unit.
6. Coordinate auditing events, be it financial, procedural or compliance review by Internal Audit. Also represent the unit/section in meetings, consultations within and outside the company.
7. Perform any other duties and responsibilities as designated by the Treasury Section Head.
8. Treasury is experiencing a significant volume of tasks and responsibilities. Technical expertise required.
1. Bachelor’s Degree in Business Administration, Accountancy or Finance
2. CMA or similar certification is preferred
3. At least 6 years’ experience in related work area
4. Ability to analyze complex financial data and draw logical conclusion
5.Computer literate with technical know-how on financial programs such as SAP
6. Gives much attention on details and numbers
Rabigh Refining & Petrochemical Co. - Petro Rabigh - was founded as a joint venture between Saudi Aramco and Sumitomo Chemical in 2005. The plant is valued at US $10 billion and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.
Petro Rbigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.
Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
Petro Rabigh products have a vast range of applications that offer innovative downstream investors the chance to establish new industries in the region, bringing with them new skills and job opportunities. Petro Rabigh also offers many exciting investment opportunities through Petro Rabigh industrial complex (Rabigh PlusTech Park) which is the first private Industrial Park for conversion industries in Saudi Arabia, and is designed to accommodate polymer compounding Third Party Projects.
It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, polymer stabilizers, xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a state-of-the-art facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.
As such, Petro Rabigh is at the hub of an upsurge in economic and technological development in line with Saudi Arabia's Vision 2030 to create a vibrant society, a thriving economy and an ambitious nation.
