Treasury Specialist
Al Futtaim Group
Total years of experience :14 years, 10 Months
Currently working with Al Futtaim Group (Automotive) as a Treasury Specialist ( from July 2015)
My main responsibilities include:
• Providing advice and guidance to Senior Management of the Automotive Group on Treasury related matters
• Supporting the Treasury Manager in maintaining first class relationships with various stakeholders including
• Financial Institutions, and exploring financial products across the MENA region
• Management of the Borrowings & Facilities portfolio, both Funded and Unfunded
• Liquidity Management (including FX liquidity)
• Oversight of Daily Cash & Bank Position Reporting for the Automotive Group
• Cash Flow Analysis
• Management of Bank Guarantees; including vetting of terms, issuances, closures and reporting.
• Management of Outbound and Inbound Letters of Credit (including SBLC)
• Vetting of and structuring both Inbound and Outbound LCs/SBLCs
• Oversight and Management of the Intercompany Loan Portfolio
• Risk Management including FX. risk, Liquidity risk, Counterparty credit risk
• Assisting the Treasury Manager in negotiations with Financial Institutions on pricing and facility agreements
• Providing Treasury support for launch (or acquisition) of new entities
• Review of Capital Structures for Automotive Entities
• Optimization and close review of Finance Cost
• Development and improvement of existing processes
Special Mentions
• Represented the Automotive Group during design and implementation of a Group wide Treasury Management System.
• Documentation of a Treasury Manual incorporating Standard Operating Procedures for Treasury Activities
• Standardization and overhaul of Bank Signature Mandates, covering 200+ bank accounts
• Review of Legal and Facility Agreements
• Executing other Ad-Hoc project; supporting Senior Automotive and Group Management
Worked with Blue Button Media; my main responsibilities and achievements included:
• Handling the accounts of the business. Constructed the entire Financial Reporting & Bookkeeping Infrastructure.
• Currently spearheading a project that would see a chain of Health Cafes open across the UAE.
• Monthly P&L reporting along with reports on profits on specific projects.
• Managing Payroll including for free-lance promoters/models working on different projects on different payment terms.
• Succeeded in securing clients for the company with a few big names being Western Union, Emirates NBD and Samsung.
• Secured contracts with major suppliers and negotiated credit terms for the same; a shift from the company's policy of being able to deal only on cash, enabling the setup of a reliable & effective Supply Chain.
• Led various campaigns to distribute excess sampling inventories in Labour Camps and Charity Organisations.
• Scouting the market for best quality supplies and client ‘special requests’.
• Working in Sara Furniture L.L.C. since July 2006. Have assisted in all areas of operations including but not limited to:
- Handling the accounts of the business.
- Communicating with suppliers and negotiating the best possible deals with the same, including best payment terms and making sure the quality is constantly controlled.
- Dealing with customers both retail and corporate; handling their queries, handling their special requests, negotiating best orders and payment terms.
- Handling deliveries and other business operations.
- Scouting the market for better deals and products.
- Marketing and exploring the market for corporate customers.
Have successfully completed the ACCA (Association of Chartered Certified Accountants) in February 2014 with majors in Advanced Financial Management & Advanced Performance Management. My membership was awarded in December 2016. I subsequently received the UAECA credentials in March 2017. * - Courses Completed : Accountant in Business, Management Accounting, Financial Accounting, Corporate and Business Law (Intl), Performance Management, UK Taxation, Financial Reporting (IFRS), Audit and Assurance (Intl), Financial Management , Governance Risk and Ethics, Corporate Reporting (IFRS), Business Analysis (Advanced), Advanced Financial Management, Advanced Performance Management
Awarded BSc (Hons) in Applied Accounting from Oxford Brookes University in September 2014 with First Class Honours.
The Westminster School, Dubai August 2009 • GCE A Levels – Business (A), Accounting (A) and Economics (B). • IGCSE O Levels – English (A*1), IT (A*), Economics (A*), Business (A), Accounts (A), Environmental Management (A) and Math (B).