Treasury Manager
alkhorayef group
Total years of experience :11 years, 2 Months
• Liaison with all banking relationships regarding facilities utilization
• Tracking of working capital loans and term loan settlement and timely reconciliation with banks outstanding balances reports
• Daily Funds management includes inflows and outflows forecasting and timely cash transfers among company accounts
• Develop financial projections for new funding arrangements including project financing
• Review and appraise term sheets and financing agreements shared by lenders
• Establish presentations for banks related to treasury and financing requirements
• Periodic reporting to banks on financial and non-financial performance of the company
• Managing trade finance facilities includes:
• Efficient utilization of banks working capital facilities Import & Export LCs LC refinancing Ability to handle Financial Guarantees such as Bid Bond, Performance Guarantee and Advance Payment Guarantee..etc
• Liaison with business units for cash management purpose
• Data analysis and share useful insights for decision making
• Assisting Treasury Manager in daily cash management, preparing daily projection for Cash flow & releasing all payments Jointly with Treasury Manager.
• Monitoring and managing all Trade services with Banks, Reviewing and managing Insurance policies for all AMIANTIT Company groups and following claims.
• Manage and demonstrate compliance with all covenants on external loan agreements
• Develop, maintain and manage relationships with banks.
• Preparing Monthly P&L analysis, Profitability, Manufacturing Score Cards, RM Consumption and Productivity Reports for two plants of AMIANTIT Company groups.
• Daily Reconciliation between the production orders on the plant with those in SAP reports & Do the necessary Actions when there is a big variance & review all the manual data sheets.
• Participate in the month end Inventory of RM & the Quarterly full Inventory Counts & Monitoring the Process.
• Preparing monthly full sales report for all plants under AMIANTIT - KSA and preparing Sales Score cards & reviewing yearly sales budget.
• Exercise the application of internal control through scrutiny and verification of all financial transactions and identification of all deficiencies in areas like government relations and travel office, procurement contracts, custom fees and duties, recruitment fees, petty cash replenishment, college of nursing, account payable, business center, etc.
• Evaluate business/ financial activities; ascertain accuracy and reliability of accounting records and reports system of entities like academic affairs and employee social club.
• Review monthly consolidated payroll register and carry out random verification of monthly salaries and related remunerations to ensure payments to employees are in line with their contracts and program's policies.
• Review applicable compensation rates and overtime paid with the main objective of standardization of compensation.
• Perform special reviews and appraisals as assigned from time to time.
• Preparing of audit reports on findings, gathers relevant and reliable audit evidence and verifies conformity of operations.
• Perform petty cash count against petty cash custodians.
• Perform financial studies against departments using cash and assure that all departments are following procedures and give them our recommendations which will enhance accuracy.
• Identifying areas that require additional audit coverage.
Granted a scholarship from Saudi Government to study MBA Finance. Received financial reward of dedication and excellence three times from the Saudi Cultural Bureau in Malaysia, for outstanding performance in my major.