Treasury Manager - Overseas Operations (Middle East)
Descon Engineering Abu Dhabi
مجموع سنوات الخبرة :26 years, 2 أشهر
Heading Treasury & Banking Affairs in Gulf Region - Stationed in Abu Dhabi
Key Responsibilities:
•Understand, manage, and supervise all aspects of Treasury strategy in Gulf region
•Cash flow management followed by accurate and reliable forecasts.
•Forecast daily cash requirements and execute daily financing decisions.
•Manage all aspects of In-house investment portfolios.
•Direct, monitor and trade investment portfolios including Working capital, High-Yield, Escrow, and other portfolios.
•Manage long-term and short-term investment strategies.
•Determine the Company’s goals and risk tolerance.
•Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
•Assess performance benchmarks and recommend changes when warranted.
•Review and recommend changes to the investment policies based on the market conditions.
•Prepare or monitor company’s various cash flow forecasts and perform financial modeling.
•Evaluate, develop and implement cash management systems to optimize efficiencies.
•Understand and manage appropriate accounting procedures and processes.
•Manage relationships with financial service providers in whole region (Middle East).
•Monitor bank service fees and address quality issues.
•Conduct benchmark studies of banks and their services to evaluate whether it fits Granite’s requirements.
•Meet with cash management banks to plan cash management vs. Descon’s needs.
•Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
•Recommend, implement and maintain process improvements.
•Provide technical and other support for mergers and acquisitions and other projects as needed.
•Additional duties as directed by Senior Management.
FINANCIAL MANAGEMENT & TREASURY FUNCTION:
•Responsible for relations with local bankers for new Banking Facilities, renewal and extension.
•Provides strategic financial input and decision-making issues and administrative management.
•Develop, implement, deliver and maintain an effective mechanism for monitoring the cash position and make transfer or deposit such that company liquidity is maximized and net borrowing costs minimized and manage any short fall occurs
•Preparation of Annual facility review with company performance, presenting bank book including information about fixed assets, aging analysis, technical capability report and ratio analysis etc.
BOOK KEEPING & ANNUAL AUDIT
•Responsible for ensuring appropriate accounting policies, standards, and procedures as per International accounting standards and supervise the accounting department.
•Ensure that accounts are kept up to date to reflect all the transactions of the business, including all the reconciliation with bankers, debtors, creditors and group companies. And also maintaining accounting records in accordance with management / statutory regulations of the Company and the prevailing Law.
•Leading the annual audit activities and meet all the statutory requirements according to Qatari Law
FINANCIAL REPORTING & MONTHLY ACCOUNTS
•Responsible for the production of Monthly Management Accounts and other project related reports in accurate manner within the requested deadlines and reporting to the local management and Group CFO
BUDGETING/FORECASTING & CASH FLOWS
•Exercise budgetary controls, accounting and physical controls as per laid down procedures of company
FINANCIAL ANALYSIS AND COST CONTROL
•Ratio Analysis major Financial & Cost Ratios
IMPLEMENTATION OF ERP SYSTEM
•Coordination and Implementation of ACCPAC 7.3 System (ERP).
•Creation of Chart of Account and Cost Centre in new ERP System
IMPLIMENTATION OF INTERNAL CONTROLS & ACCOUNTING SYSTEMS
1.Responsible and supervise books of accounts & stocks as per following:-
• Day Book (Daily Recording of Transactions)
• Preparation of Vouchers
• Posting in Ledgers
• Posting in Respective Projects (Contract Wise)
• Store Receiving & Inspection Reports
• Store Requisitions / Store Return Notes
2. Responsible for preparing financial statement as per following :-
• Payable / Receivable Statements
• Bank Reconciliation Statements
• Monthly Cash Flow Statement (Projected up to One Year)
• Trial Balance (Monthly Basis)
• Profit & Loss Account (Project Basis)
• Balance Sheet (Twice in a Year)
• Monthly statement of our with holding tax deductions
• Project Wise Budgeted & Actual expenses analysis
• Foreign supplier’s commission statement (Quarterly Basis)
• Other Financial Statements as per requirements of the managements.
3. Responsible for maintaining accounting books as required by Govt. departments. (Like Income Tax, Sales Tax & EOBI)
4. Prepare sales tax & commercial invoices.
5. Responsible for filing sales tax return.
6. Maintaining the record of inventory according to the instructions & context of the sales act.
7. Maintaining the actual record of inventory according to the requirements of the management.
8. Prepare salaries for Head Office & Karachi office.
9. Looking after the income tax sales tax matters. Meet with the consultants & Govt. bodies to the problems of the company, regarding Income tax and Sales tax.
10. To control and keep track record of accounting transactions from foreign suppliers (Trisep Corporation - U.S.A, Dp Pumps - Holland, Al - Hutaib Trading Co. L.L.C - U.A.E).
11. Responsible for dealings with the financial institutions for credit and other financial matters.
Responsible for following things
1. Preparation of Accounts Payable
2. Preparation of Accounts Receivable
3. Responsible for Party Ledgers and the posting in the final accounts both in manual and computerized system
4. Responsible Foreign Suppliers accounts
5. Preparation of Trial Balance on Monthly Basis
6. Preparation of Balance Sheet quarterly basis.
7. Preparation of Payroll
8. Supervising activities regarding stocks & Inventory.
9. Bank reconciliations.
10. Responsible for Tax matters
11. Preparation of Annual Income tax Return
12. Responsible for preparing Sates Tax Refund cases on monthly basis
13. Responsible for Preparation of Rebate against Export.
14. Dealing with financial institutions for negotiating L/c’s and for financing facilities.
15. Other accounts related activities assigned by the management.
Complete my basic training & Articles and involve in following activities.
1 Involve with external Auditing team for audit activities
2. Preparation of Final Accounts of various clients for Audit purpose.
3. Preparation of Final Accounts of various clients for Audit Tax purpose.
4. Work as Lead auditor for Audit for financial institutions.
5. Responsible for Stock Ticking on quarterly bases for different clients.
FINANCIAL REPORTING AND FINANCIAL ANALYSIS: Gain both a basic understanding of financial reporting, as well as the ability to interpret the accounts and financial statements of organsiations from a financial analyst point of view QUATITATIVE METHODS FOR INVESTMENT MANAGEMENT: Get a thorough grounding in essential mathematics and statistics CORPORATE FINANCE: Learn about the corporate financial structure and instruments used by companies to raise capital and manage financial risk INTERNATIONAL FINANCIAL MARKET AND INSTITUTIONS: International: Gain an insight into the economic market and ethical contexts in which financial institutions operate RISK MANAGEMENT: Gain a firm understanding of market risk, investment risks, credit risk and also the issues relating to legal, accounting and tax considerations
Fundamentals of Mathematic, Financial Accounting, Business Mathematics, Business Economics, Business Law, Financial Operations, Performance Operations, Enterprise Operations, Financial management & Performance Management.
GPA 3.65
Silver Meddle 2nd position in the University.