Basit Younus, Group Manager Treasury

Basit Younus

Group Manager Treasury

Al-Abbas Group

Location
Pakistan - Karachi
Education
Master's degree, Financial Management
Experience
22 years, 7 months

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Work Experience

Total years of experience :22 years, 7 months

Group Manager Treasury at Al-Abbas Group
  • Pakistan - Karachi
  • My current job since November 2009

Al-Abbas Group is one of the reputed Business Groups of Pakistan having business interests in the Sugar and Cement Industries. Currently working as Manager Treasury for all group companies.

Responsibilities Include:
• Responsible for arrangement and monitoring of short term and long term financing.
• Catering financing requirements of all group companies and placement of funds for optimum returns.
• Ensuring better of utilization of cash resources so as to keep the borrowing costs at a minimum level.
• Full responsibility of managing the Group’s liquidity positions.
• Forecasting, Preparing and Managing Cash Flows.
• Providing adequate support to Accounting department for payments and related issues.
• Managing trade finance transactions.
• Analysing exposures and initiating short term and strategic hedging actions in line with company objectives.
• Keeping track of Foreign Exchange Exposure.
• Providing adequate support to accounts dept for payments and related issues
• Administration and Investment of Employee Benefit Funds.
• Ensuring that all documentation relating to financial arrangements are timely completed and updated.
• Coordination with other departments for preparation of Budgets.
• Day to day correspondence with Banks and Financial Institutions.
• Maintaining Cordial Business relationship with Banks and lending institutions.
• Negotiating and Arrangement of all Insurances across the Group.
• Preparation of different reports as per the requirement of Management/Board of Directors.
• Supervision of Treasury Department Staff.

Relationship Manager - Corporate & Investment Banking at Bank Alfalah Ltd
  • Pakistan - Karachi
  • February 2006 to October 2009

Joined Bank Alfalah Limited as Management Trainee Officer (MTO) and took 3.5 months training in the areas of Operations, Trade Finance and Credits (Advances). Worked as Relationship Manager - Corporate & Investment Banking.

Responsibilities Include:

• Identifying and establishing new relationships, consistent with the Bank’s objectives.
• Networking with key players of the market so as to remain updated on the opportunities arising.
• Remaining abreast with the market, industry and regulatory developments.
• Analysis of Financial Statements and Preparation of Credit Proposals.
• Evaluating the Risk Ratings of Potential and Existing Customers.
• Handling portfolio of corporate customers in excess of PKR 2.000 Billion.
• Advising customers about different products of Advances and recommending the best according to their requirements.
• Structuring deals tailored to customers’ need.
• Day to day correspondence with the customers and resolving their banking operational issues.
• Monthly reporting to Group Office - CIBG.

Executive HR & General Affairs at DHL Global Forwarding (Formerly Exel)
  • Pakistan - Karachi
  • May 2004 to January 2006

DHL Global Forwarding (Formerly Exel) is multinational Company engaged in Freight Management and Supply Chain Soulutions. Joined as HR & General Affairs Officer, promoted to HR & General Affairs Exeuctive within one year with a raise in salary.

Responsibilities Included:
• Preparation of Company Payroll.
• Monthly reporting to regional office in Singapore.
• Coordination with Govt Agencies.
• Managing PF Books of Accounts.
• Assisting in the Administration function.

Audit Trainee at Hameed Chaudhri & Co. Chartered Accountants
  • Pakistan - Karachi
  • November 2001 to May 2003

Worked for 2 years in this reputed firm of Chartered Accountants as an Audit Trainee. Was posted to different clients for audit assignments which included reputed national and multinational companies.

Education

Master's degree, Financial Management
  • at University of Karachi
  • May 2005

Completed Masters with "First Division"

Specialties & Skills

Finance Operations
Financial Analysis
Cash Flow Forecasting
Cash Flow Management
Treasury Management
• Leadership Initiative (Consistently served as group leader at both work & University)
Microsoft Office software & the Internet- Expert.
Good Analytical Skills

Languages

English
Expert

Hobbies

  • Reading, Sports.