Treasury Specialist

About Riyadh University of Arts

The Riyadh University of Arts (RUARUA) is a progressive institution in the Middle East focused on cross-cultural arts education and creative innovation. It champions bold initiatives that inspire social progress by fostering collaboration between industry and academia, rethinking creative education models, and providing a space for global cultural ideas to thrive.

• Vision: To become a prominent knowledge hub inspiring future generations by integrating culture and arts, empowering students to explore passions, nurture talents, and promote creativity and cultural exchange.
• Mission: To create an innovative educational environment in culture and arts, delivering pioneering programs that encourage cultural and artistic participation, benefiting both Saudi Arabia and the global community.
• Aspirations: To be the leading cultural university across the Middle East and North Africa, rank among the top 50 universities worldwide specializing in cultural education, and act as a global center for cultural education and knowledge sharing.

Key Responsibilities

• Ensure timely and precise processing of all payments including vendors, payroll, and refunds.
• Manage tuition fee collections, reconcile accounts, and handle bank deposits adhering to internal policies.
• Perform bank account reconciliations and address any discrepancies promptly.
• Maintain petty cash and accounts for schools and colleges.
• Support the Finance Controller in treasury-related initiatives such as banking system upgrades and fee automation projects.
• Develop short-term cash flow forecasts monthly and quarterly.
• Assist in preparing the annual cash budget and liquidity planning.
• Plan for major cash expenditures including construction, IT enhancements, and bulk procurement.
• Carry out daily bank transactions and fund transfers efficiently.
• Monitor student fee collections and coordinate with the finance team to follow up on overdue payments.
• Manage bank mandates, including account openings and closures.
• Ensure all treasury transactions are supported with proper documentation.

Required Skills and Qualifications

• Expertise in cash flow forecasting and liquidity management.
• Strong capabilities in bank reconciliation and managing payment runs.
• Advanced proficiency in Excel and experience with ERP treasury modules such as Odoo, Oracle, or Microsoft Dynamics.
• Familiarity with collection systems including fee portals and direct debit mechanisms.
• Understanding of internal controls and treasury policies.
• Excellent problem-solving skills with a keen eye for detail.
• Effective communication skills to liaise with academic and administrative personnel.
• Ability to perform reliably under month-end and peak collection periods like registration seasons.
• A Bachelor's degree in Finance or Accounting is required.
• Professional certification such as CMA or partial qualifications in ACCA/CPA are advantageous.
• Three to four years of experience, preferably within higher education, schools, or educational service sectors; experience in nonprofit or service industries is also relevant.

Why Join Riyadh University of Arts

RUARUA offers a platform for discovery and talent development, representing Saudi art and culture on a global stage. It is the first institution of its kind in the MENA region, serving as a nexus for creativity, knowledge, and innovation that contributes to shaping Saudi Arabia's cultural ecosystem and creative economy. This aligns closely with Saudi Vision 2030 by advancing the growth of the nation's cultural sector.