Shikha Jain CTP, Senior Treasury Analyst (MEA)

Shikha Jain CTP

Senior Treasury Analyst (MEA)

Weatherford Oil Tools Middle East

Location
United Arab Emirates
Education
Diploma, Accounting Technician Certificate
Experience
21 years, 5 months

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Work Experience

Total years of experience :21 years, 5 months

Senior Treasury Analyst (MEA) at Weatherford Oil Tools Middle East
  • United Arab Emirates - Dubai
  • My current job since April 2013

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

Sr. Corporate Finance Executive - Treasury & Banking at Al Mansoori specialized engineering
  • United Arab Emirates - Abu Dhabi
  • January 2011 to March 2013

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.

Senior Accountant at Al Mansoori Specialized Engineering
  • United Arab Emirates - Abu Dhabi
  • January 2007 to December 2010

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.

Accountant at Al Mansoori Specialized Engineering
  • United Arab Emirates - Abu Dhabi
  • November 2005 to December 2006

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.

Auditor at Manoj Goyal & Chartered Accountants
  • India - Delhi
  • May 1999 to May 2002

Job Responsibilities includes:
 Financial Audits for Various firms
 Income Tax and Sales Tax cases.

Education

Diploma, Accounting Technician Certificate
  • at Institute of Chartered Accountants of India
  • August 2012
Diploma, C.A. Final (Group II)
  • at Institute of Chartered Accountants of India
  • May 1999
Bachelor's degree, Commerce / Accounting
  • at Delhi University
  • June 1997

Specialties & Skills

Process Control
Accounting
Banking
Trade Finance
Treasury Management
Accounting
Treasury & Banking

Languages

English
Expert
Hindi
Expert

Memberships

Association for Financial Professionals, USA
  • Certified Treasury Professional
  • October 2016

Training and Certifications

Certified Treasury Professional (Certificate)
Date Attended:
December 2016
Valid Until:
July 2019
QHSE (Certificate)
Date Attended:
August 2009
Valid Until:
August 2009

Hobbies

  • Listening