ICAP Executive Search & Selection is one of the premium consultancies and part of ICAP People & Employment Solutions, the largest HR Services Provider in Greece and Cyprus. With more than 50 years of experience, we specialize in assessing and recruiting Senior to Middle Level Executives across all sectors.

On behalf of our client, a leading and rapidly growing real estate and construction group, we are seeking to recruit an experienced and commercially minded Group Treasury Manager to join its Finance leadership team in Limassol. This is an excellent opportunity for an experienced treasury professional seeking a strategic and high-impact role within a growing organisation with ambitious development plans.

Group Treasury Manager - (Ref. 6211/GTM/ESS/CY)

Role Overview:
This is a strategic role with direct exposure to executive leadership, offering the opportunity to play a key part in shaping the Group’s treasury, liquidity, funding, and financial risk strategy across multiple entities and large-scale development projects.

The successful candidate will oversee treasury operations at Group level, ensuring effective cash flow and liquidity management, optimisation of funding structures, management of banking relationships, and support of ongoing and future developments through sound financial planning and governance.

The role requires strong exposure to project financing, corporate debt management, cash flow forecasting, and treasury controls within a dynamic, fast-paced environment. Experience within real estate, construction, infrastructure, or similarly project-driven sectors will be considered a strong advantage.

Key Responsibilities:

The Group Treasury Manager will be responsible for the Group cash flow and liquidity management, Project and development financing coordination, Banking and lender relationship management, Debt portfolio and capital structure oversight , Financial risk management and treasury governance and Executive-level treasury reporting and strategic support. Specifically:

Cash Flow & Liquidity Management

Manage daily cash positioning and liquidity across group entities and projects
Develop and maintain short, medium and long-term cash flow forecasts
Ensure sufficient liquidity to support project funding, payroll, supplier obligations, and capital expenditure requirements
Optimize the use of surplus funds in line with approved treasury strategies

Project & Corporate Financing

Structure and manage project financing arrangements, including construction loans, development finance, and bridge facilities
Coordinate loan drawdowns and repayments aligned with project milestones
Monitor financing agreements and ensure compliance with loan covenants
Support project feasibility studies through funding and capital structure analysis
Assist with refinancing initiatives and debt restructuring where required
Support capital raising activities for new developments and acquisitions

Banking & Treasury Operations

Develop and maintain strong relationships with banks, lenders, and financial institutions
Negotiate banking facilities, guarantees, bonds, and credit lines
Oversee bank account administration and signatory controls
Manage the issuance of performance bonds, bid bonds, and advance payment guarantees where applicable

Risk Management & Governance

Identify and manage treasury-related risks, including liquidity, interest rate, currency, and counterparty exposure
Develop and implement appropriate hedging strategies when required
Establish and maintain treasury policies, controls, and procedures
Ensure compliance with internal governance standards and external regulatory requirements
Coordinate treasury-related insurance matters with relevant stakeholders

Reporting & Strategic Support

Prepare treasury and liquidity reports for executive leadership and board review
Provide analysis on borrowing costs, liquidity position, and financial exposure
Support strategic transactions including acquisitions, joint ventures, and investment opportunities
Contribute to financial decision-making and broader business strategy

Qualifications & Experience:

Bachelor’s degree in Finance, Accounting, Economics, or a related field (Master’s degree considered an advantage)
Professional qualification such as ACCA, CFA, CTP, or equivalent will be considered an asset
Minimum 8 years of treasury or corporate finance experience, preferably within real estate, construction, infrastructure, or project-driven industries
Strong experience in project financing, corporate debt management, and banking relationships
Proven knowledge of financial modelling, treasury operations, and risk management practices
Strong analytical, commercial, and negotiation skills
Excellent attention to detail, governance mindset, and ability to operate in a fast-paced environment

Benefits:

Competitive salary package commensurate with experience
Comprehensive health, dental, and vision insurance coverage
Life insurance, disability coverage, and employee wellness programs
Defined contribution pension plan with company matching
Generous paid time off (PTO) and flexible working arrangements
Professional development budget and support for finance certifications
High visibility to executive leadership and board; strategic influence on financial decisions
Opportunity to shape operational strategy and drive asset profitability
Professional and dynamic working environment

Career Development & Growth Opportunities:

Clear progression to Group Treasurer, VP Finance, or CFO track with company investment in your development
Professional development budget and support for certifications (CFA, CTP, ACCA)
Mentoring and succession planning - we actively develop high-potential team members for future leadership roles