Treasury Manager

Role Overview

MDLBEAST is expanding rapidly across festivals, venues, and live entertainment, and the treasury function is being strengthened to match that growth. As Treasury Manager, you will lead group treasury activities and work closely with the CFO and finance leadership to improve liquidity management, maintain strong banking partnerships, and keep cash and risk under tight control.

This is a practical, build-as-you-go position at the center of the company’s finance operations. The right person will bring solid treasury expertise and take ownership of day-to-day execution while also helping put in place the controls, processes, and systems needed for a fast-growing business.

Cash and Liquidity Management

• Create, maintain, and improve short-term and long-range cash flow forecasts across the group.
• Track daily cash balances across all entities and make sure liquidity is available for both operating needs and capital spending.
• Introduce working capital improvement initiatives to strengthen cash efficiency.
• Deliver clear liquidity reports and dashboards for senior management.

Banking Relationships and Facilities

• Own and grow strategic relationships with the group’s banking partners.
• Negotiate and structure banking products such as revolving credit facilities, term loans, and credit lines on competitive terms.
• Monitor usage of facilities across multiple banks and ensure covenant compliance.
• Keep bank master records and signatory matrices updated in the ERP system.

Trade Finance and FX Risk

• Handle trade finance tools including letters of credit, standby letters of credit, bank guarantees, and receivables financing.
• Track foreign exchange exposure using spot and forward deals.
• Design and implement hedging approaches that align with group risk policy.
• Coordinate with banks and internal teams to ensure trade finance transactions are completed on time.

Payments and Treasury Operations

• Manage end-to-end payment controls, including authority levels, approval flows, and segregation of duties.
• Support automation and digitization of treasury activities, including bank-to-business integration and ERP improvements.
• Oversee daily treasury operations while ensuring adherence to internal controls and accounting standards.

Governance, Controls, and Reporting

• Build and maintain a treasury policy structure that reflects best practices.
• Set up treasury SOPs, internal controls, and risk management frameworks.
• Prepare treasury reports and analytical updates for the CFO and executive leadership.
• Support audit, regulatory, and compliance requirements related to treasury activities.

About the Company

MDLBEAST is a Saudi entertainment company shaping the future of live music, festivals, and creative experiences across the Kingdom and beyond. Through flagship events such as Soundstorm and MDLBEAST XP, along with year-round venues and creative programming, the company is building a regional destination for global music and culture.

What We Offer

• A highly visible role within one of Saudi Arabia’s fastest-growing entertainment platforms.
• Direct access to senior leadership and a chance to influence the shape of the treasury function.
• Competitive pay and benefits.
• A collaborative, energetic, and inclusive workplace in Jeddah.

Qualifications and Experience

• A bachelor’s degree in Finance, Accounting, Economics, or a related discipline is required; a master’s degree such as an MBA or MSF is an advantage.
• 7 to 12 years of progressive corporate treasury experience, ideally in multi-entity and multi-currency environments.
• Proven hands-on exposure to cash forecasting, banking facility management, trade finance instruments, and FX risk management.
• Strong practical knowledge of ERP or treasury management systems, especially SAP Treasury, Oracle, or similar platforms.
• Experience building treasury policies, SOPs, and payment governance structures.
• Strong English communication skills; Arabic is preferred.

Preferred Certifications

• Certified Treasury Professional (CTP)
• Chartered Financial Analyst (CFA)
• Association of Corporate Treasurers (ACT)
• Certified Management Accountant (CMA)
• CPA or SOCPA

Industry Background Preferred

Candidates from a range of sectors are welcome, but preference will be given to professionals with experience in entertainment, events, hospitality, lifestyle, multi-business groups, conglomerates, consumer, retail, FMCG, real estate development, project-based businesses, or other rapidly growing multi-entity organizations.