Mohamed Elkhatib, Group treasury manager

Mohamed Elkhatib

Group treasury manager

Andalusia group for medical services

Location
Saudi Arabia
Education
Master's degree, Master's Degree in Business Administration (MBA)
Experience
11 years, 10 Months

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Work Experience

Total years of experience :11 years, 10 Months

Group treasury manager at Andalusia group for medical services
  • Saudi Arabia - Jeddah
  • My current job since February 2022

• Formulate and oversee a comprehensive cash flow strategy, monitoring liquidity, borrowing, investing, and foreign exchange to optimize fund allocation and ensure operational liquidity.
• Establish and manage solid global banking relationships, negotiate terms, and act as the primary point of contact for efficient communication.
• Identify, assess, and manage financial risks, implementing comprehensive risk management strategies, including hedging techniques.
• Administer the debt portfolio, negotiate terms, ensure compliance, and manage repayment schedules.
• Evaluate and manage the investment portfolio to maximize returns while balancing risk.
• Maintain accurate financial reports & analysis to support top management in the decision-making processes
• Ensure compliance with regulatory requirements and deliver accurate treasury reports to senior management and the board.
• Develop and refine treasury policies and procedures aligned with organizational objectives and regulatory frameworks.
• Define department scope, objectives, and KPIs, leading and mentoring the team toward continuous improvement and high performance.

Achievements:
• Orchestrated successful acquisition debt funding exceeding USD 100 million for Andalusia expansions
• Facilitated procurement of working capital exceeding USD 50 Million to meet operational demands
• Achieving returns on investments exceeding 25% for investments portfolio denominated in USD
• Effectively mitigated FX risks, safeguarding investment portfolio from losses amounting to USD 20 million
• Implemented strategic working capital management initiatives resulting in a remarkable reduction of nearly 20 days in the companys cash conversion cycle.

Regional treasury manager at Andalusia group for medical services
  • Egypt - Alexandria
  • March 2019 to January 2022

• Oversee all aspects of treasury management, including liquidity, borrowing, investing, and foreign exchange activities to optimize fund allocation and ensure operational liquidity
• Oversee the management of working capital, including receivables, payables, and inventory to optimize cash flow and minimize financing
• Develop and implement comprehensive risk management strategies, including FX risk management
• Evaluate and manage investment opportunities, maximizing returns while adhering to risk parameters and debt portfolio administration
• Build and maintain strong banking relationships, negotiating favorable terms and reducing costs
• Ensure compliance with regulatory standards and internal controls, preparing accurate reports for management and audit reviews
• Develop and implement treasury policies and procedures aligned with industry best practices and regulatory requirements
• Lead and mentor treasury teams, fostering a collaborative high-performance work environment
• Forecast medium to long-term cash flow, identifying funding gaps and ensuring sufficient liquidity
• Adapt & implement treasury policies, ensuring alignment with corporate goals and local market conditions
Achievements:
• Securing debt financing exceeding USD 15 million to facilitate the expansion projects in Andalusia
• Strategically allocated over USD 25 million to address emerging working capital requirements
• Effectively reduced borrowing expenses through adept negotiation tactics and the establishment of new banking partnerships
• Pioneered the formation of Egypt’s central treasury team within the Andalusia Group, initiating operations from inception

Treasury Section Head at Easy Group for Health and Beauty Care
  • Egypt - Alexandria
  • December 2018 to March 2019

• Direct and monitor group liquidity management, borrowing, investing, and corporate finance to ensure optimal fund allocation and liquidity
• Prepare comprehensive cash flow forecasts to secure sufficient liquidity for operational and investment activities
• Manage debt facilities, negotiate credit terms, and oversee working capital to optimize cash flow and minimize financing costs
• Establish and manage banking relationships, negotiate favorable terms, and streamline banking processes to reduce costs
• Identify, assess, and manage financial risks related to liquidity, interest rates, and foreign exchange, implementing comprehensive risk management strategies
• Supervise investment portfolio allocation, evaluate opportunities, and maximize returns within
• Ensure rigorous compliance with internal controls and regulatory requirements and prepare accurate financial reports
• Lead the implementation and optimization of treasury management systems to enhance efficiency
• Develop strategic plans to optimize working capital, streamline cash conversion cycles, and improve liquidity management
• Establish and refine treasury policies and procedures, ensuring adherence to regulatory requirements and alignment with business goals Achievements:
• Successfully negotiated and executed a working capital financing agreement totaling EGP 25 Million.

Senior Treasury Specialist at International Trade Office Group
  • Egypt - Alexandria
  • March 2017 to December 2018

• Analyze cash flow forecasts and manage liquidity by adjusting cash positions and fund allocations strategically
• Supervise bank account reconciliation and monitor balances for efficient transaction processing
• Generate detailed treasury reports and support bank reconciliation exercises
• Issue letters of credit (LCs) and guarantees (LGs), ensuring compliance with export credit conditions
• Develop FX risk strategies and oversee debt portfolio management for optimal financing and cash flow
• Administer treasury management systems to enhance efficiency and automate processes
• Refine treasury policies and ensure compliance with regulatory standards Achievements:
• Implemented cost-saving measures, significantly reducing banking commissions, thus positively impacting the companys profitability
• Facilitated participation in debt-raising facilities totaling EGP 300 million, contributing to the companys financial strategy and growth initiatives

Treasury Specialist at ABCO United Group
  • Egypt - Alexandria
  • December 2016 to March 2017

• Preparing daily cash position.
• Preparing daily bank dues report.
• Preparing weekly credit facilities position.
• Following up customers collection.
• Acting as relation manager with banks account officers, managing day to day operations, filling regulatory requirements and solving any operating problem.
• Executing bank transfers.
• Preparing Letter of credit and inward documentary collection documents.
• Recording bank transactions on ERP system, Make the required reconciliation at end of each month.

Treasury Specialist at Misr Steel for Iron Industries
  • Egypt - Alexandria
  • January 2015 to December 2016

• Preparing daily cash position.
• Preparing daily bank dues report.
• Preparing weekly letter of credit position.
• Issuing cheques and executing bank transfers.
• Preparing weekly credit facilities position.
• Making weekly and monthly cash forecasts.
• Participating in new project visibility study preparation.
• Participating in managing Accounts & credit facilities with Banks starting from negotiating contracts, credit lines parameters, commissions & interest rates.
• Acting as relation manager with banks account officers, managing day to day operations, filling regulatory requirements and solving any operating problem.
• Participating in designing Import letters of credit sub-systems.
• Preparing letter of credit and inward documentary collection documents.

Accountant at Standard Trade Company for Metal Forming
  • Egypt - Alexandria
  • December 2013 to January 2015

• Control financial operations as a result of sales
• Tracking customers balances
• Tracking suppliers balances
• Tracking inventory levels
• Preparing business activity reports
• Participating in financial statements preparation

Accountant at El-Farouk Rice Mill
  • Egypt - Kafr El Sheikh
  • July 2012 to December 2013

• Control financial operations as a result of sales
• Tracking customers balances
• Tracking suppliers balances
• Tracking inventory levels
• Preparing business activity reports
• Participating in financial statements preparation

Education

Master's degree, Master's Degree in Business Administration (MBA)
  • at Arab Academy for Science, Technology and Maritime Transpor
  • August 2023
Bachelor's degree, Bachelor's Degree in Commerce - Accounting Department
  • at Faculty of Commerce Kafr El sheikh University
  • July 2012

Specialties & Skills

Trade Finance
Finance
Bank Relationship Management
Debt Raising
Cash Management
WORKING CAPITAL
MANAGEMENT
RISK MANAGEMENT
TREASURY
CAPITAL REQUIREMENTS
HEDGING
FINANCIAL RISK
INTERNAL CONTROLS
INVESTMENTS
Portfolio Analysis
Corporate finance
Team Management
Accounting
Treasury Services
Financial statement analysis
Treasury management
Capital raising
Negotiation
FX management
Trade finance
Communication
Strategic planning
Cash flow management
Risk Management
Financial reporting
Investment Management
Treasury Functions

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Modern Accounting Diploma (Training)
Training Institute:
EAAC Training and Consulting Group
Date Attended:
November 2011
Duration:
65 hours
Financial Modeling and Valuation Analysis (FMVA) (Training)
Training Institute:
Corporate Finance Institute
Date Attended:
April 2024
CFA level 1 preparation (Training)
Training Institute:
CFA Training Hub
Date Attended:
September 2023
Duration:
250 hours
Certified managerial accountant (Training)
Training Institute:
Institute of managerial accountants
Date Attended:
January 2015
Duration:
200 hours
Certified treasury professional (Certificate)
Date Attended:
January 2020
Valid Until:
June 2022

Hobbies

  • Reading