Group Treasury & Credit Senior Manager
SPIMACO
Total years of experience :22 years, 6 Months
-Negotiate and obtain bank facilities for the group companies across the globe including funded and unfunded facilities
-Debt Management/Restructure/Refinance
-Cash forecast/cash management - daily/weekly/monthly/yearly
-Payment authorization
-Laise with banks and insurance companies
-FOREX trading/SWAP Deals/IRS
-Letter of Credit/Letter of guarantee/SBLC
-Bank Covenants/timely renewal of facilities
-Deposits/Investments
-Receivable finance/Factoring
-Deals with major banks
Overall Experience :
(A) CASH MANAGEMENT
(i) Manage and supervise cash flow from different subsidiaries across the globe.
(ii) Forecast daily cash requirements and execute daily financing decisions.
(iii) Cash Pooling.
(iv) Adequate liquidity to ensure supplier payments are made on time.
(v) Prepare and monitor company’s various cash flow forecasts.
(vi) Evaluate, develop and implement cash management systems to optimize efficiencies.
(B) FOREX Deals
(i) Buy/Sell major currencies SPOT/Forward/SWAP.
(ii) Protect cost of goods (payables) through HEDGING.
(iii) Closely monitor currency fluctuations and make appropriate decision whether to BUY/SELL or SWAP or HEDGE the currencies.
(iv) Monitor and manage all the OPEN positions.
(vii) Keep records of all OPEN and CLOSED positions.
(C) BANK FACILITY Management
(i) Negotiate and obtain bank facilities (funded and non-funded)
(ii) Negotiate and obtain project financing
(iii) Manage and utilize bank facilities for business requirements.
(iv) Timely renewal of facility agreements
(v) Negotiate and obtain best interest rates.
(vi) Keep good relationship with banks.
(D) SBLC/LC/LG Management.
(i) Open and manage Standby Letter of Credit (SBLC).
(ii) Open and manage Import/Export Letter of Credit (LC).
(iii) Open and manage Letter of Guarantee (LG).
(iv) Timely renewal of Expiry Dates.
(v) Timely settlement of LC withdrawals.
(vi) TOP-UP the values as and when required.
(vii) Execute regular amendments.
(viii) Keep records of all the above transactions.
(ix) Update and monitor LC/LG reports regularly.
(E) LC RE-FINANCE/ STL/ MTL/ LTL
(i) Obtain LC-Refinance against LC withdrawals.
(ii) Obtain Short Term Loans (STL) against payables.
(iii) Obtain Medium Term Loans (MTL) for working capital.
(iv) Obtain Long Term Loans (LTL) for new acquisition/expansion /CAPEX.
(v) Negotiate and obtain best pricing and bank fees.
(vi) Manage all the above facilities.
(vii) Timely settlement of loans.
(viii) Keep records of all murabaha/conventional loan contacts.
(ix) Re-structuring of loans as and when required.
(x) Update and monitor loan portfolio.
(F) General Experience :
(i) Review and recommend changes to the policies based on the market conditions.
(ii) Manage appropriate accounting procedures and processes.
(iii) Manage relationships with financial service providers.
(iv) Monitor bank service fees and address quality issues.
(vii) Conduct benchmark studies of banks and their services to evaluate whether it fits company requirements.
(viii) Regular meeting with cash management team and banks to plan and execute the cash management appropriately.
(ix) Manage, direct, and develop Cash Management staff.
(x) Recommend, implement and maintain process improvements.
(xi) Support and participate in company’s strategic plan activities.
(xii) Additional duties as directed by CFO/Group Treasurer.
(G) Portfolio Management:
(i) Experience in Capital Markets
(ii) Knowledge of Margin Trading in FOREX and Share Markets
(iii) FOREX SWAP/ Forward Deals
(iv) Investment knowledge in Share Markets
(v) Fundamental and Technical Analysis
Banking Relationships:
Keeps very good banking relationship with different banks in KSA, UAE, BAHRAIN and foreign banks like Societe Generale, Citi Bank, Natixis Bank, etc..
Education Qualifications: (a) BACHELOR OF COMMERCE (B.Com) (b) MBA Finance