Senior Treasury Analyst (MEA)
Weatherford Oil Tools Middle East
Total years of experience :21 years, 5 months
Regional Treasury Responsibilities :
Support banking, finance and cash management activities for MENA Region, including cash flow forecasting support and analysis, monthly & quarterly repatriation; negotiate and implement bank credit facilities, cash management services, LCs, etc.; manage banking fees and relationships; other special projects. Has taken over additional responsibility of Sub Sahara Region (SSA- 15 countries) with effect from Jan 2016.
Primary Duties Include:
• Manage local banking relationships, bank products and services, accounts, and banking costs on behalf of MEA
• Monitor Cash Pooling structure across region to ensure daily repatriation of funds to HO in Houston.
• Determine what banking products and services are needed by the operations. With direction from corporate treasury in Houston, negotiate and implement facilities including short term/overdraft lines, bank guarantee/LC facilities, cash management products, etc.
• Oversee daily cash and pool management of MEA
• Oversee and manage the weekly cash forecasting process. Insure timely submission by the operating units, review for accuracy and address questions from corporate treasury
• Intercompany Funding - ensure funding needs and excess cash available are communicated to corporate treasury, evaluate and execute intercompany funding transactions as appropriate
• Repatriation - evaluate large cash balances in various countries; work with local country controllers, tax and legal to implement strategies to repatriate the cash to WFT affiliates
• Work with local country controllers, tax and legal and corporate to evaluate, obtain approval and execute strategies to optimize capital structure through intercompany, 3rd party loans, capital, dividends, etc.
• Assist the units with FX exposure reporting and response to questions from corporate as needed
• Assist corporate treasury with bank restructuring and cash pooling system changes in the regions
AlMansoori Specialized Engineering is the leading regional provider of Oilfield Services in the Middle East. Established in the United Arab Emirates in 1977, the company now has over 1300 employees working in 19 countries providing a variety of oilfield services and producing specialized products for the oil & gas industry.
Job Responsibilities Includes
Treasury Management at Group level
Group Bank Facility Management
Negotiation for Project Financing Requirements
Projections & management of Working Capital Requirements at Gr. level
Focal point for all Banking Communications with various Banks.
Management of Bank guarantees.
Reporting of Treasury Analysis on monthly basis.
Job Responsibilities Includes
Responsible for AED 150M Project Management
Formation of Direct & Overhead budget forecast at the group & divisional level
Cash flow actual and forecast at all levels
Group bank facility management
Forecast on project wise and division wise cost to complete statement
Vetting of Pre Project Analysis
Preparation of final accounts on monthly basis
Sub Deliverables -
Restructuring of Accounts dept.
Conducting divisional monthly review meetings
Action plan formation and execution for divisions
Management Reporting
Monthly management accounts.
Monthly Cash flow reports.
Working capital reporting.
Variance analysis reports with budgets.
Profitability statements.
Quarterly and half yearly presentation of financial statements for managements review & analysis.
Job Responsibilities Includes
Revaluation and Evaluation of all Financial and Accounting transactions according to the Financial Policies and Procedures Manual.
Follow up with receivables and preparing aging reports.
Maintaining Fixed Assets Register and the depreciation charge is correctly calculated in accordance with the financial policies.
Posting of purchases and sales invoices in the database.
Preparation of Cash Flow Statement.
Preparing the list of updated Bank Guarantees related to labor, performance and tender bond.
Maintain banking relationships and ensure all banking queries are resolved on a timely basis.
Job Responsibilities includes:
Financial Audits for Various firms
Income Tax and Sales Tax cases.