Assistant Manager Finance and Treasury
Mawared Energy
Total years of experience :11 years, 1 Months
Lead the execution of month-end and year-end closing activities as per policies and procedures
• Balance sheet and P&L variance analysis
• Subledger vs GL reconciliation on monthly basis
• Monthly Banking Interest and charges Reconciliation
• Oversee Monthly bank reconciliation
• Preparation of journal entries
• Standardization of accounting schedules and implement quality review process
• Reviewing the accounting treatment across various entities in the region and ensuring standard treatment for all revenues and costs.
Preparing 13 weeks cashflow forecast and reporting to Senior and concern.
• Monitoring Banking Facility utilization and reporting to to senior and concern.
• Dealing with Banks on facilities, Funds, Approval, Foreign currency and negotiation related issues.
• Forecasting of funds acquisition and disbursement of the Company’s Liabilities.
• Regular follow up along with treasury accountant on covenants testing to ensure compliance with all banking credit facilities
Forecasting of funds acquisition and disbursement of the Company’s Liabilities.
Maintain Control Cash Account.
Provide the management cash inflow & outflow reports and submit monthly plan for manage to excess or shortage of funds.
Preparing and Maintaining Group Bank Facilities Utilization report.
Monitoring customers and suppliers LC, LG and TRs.
Review & prepare LC applications, Negotiation of finance rates, and drafting of additional clauses as per UCP-600.
Monitoring / follow up for import shipment & follow up with suppliers for original shipping documents and arrange marine insurance.
Review of LC Discounting option, Term receipt, and negotiation of financial charges.
Review of LC release as per terms & conditions, validating documents; maintain TR sheet bank wise and month wise.
Ensure proper submission of commercial documents as per LC clauses and UCP and send to customers and banks.
Preparation of T.R, LG and OD utilization report and proper maintenance and timely payment of become due payment of T.Rs, OD…..
Dealing with Banks for issuance of LC/ LG/ for obtaining credit and discounting of LC & PDCs etc.
• Design and maintain the Credit Control Policy base on customers ‘performance (risk level/ receivables revenue/
Payment status) to ensure development of a healthy collections trend;
• Managing credit insurance of customers to secure credit sales recovery and turnover declaration on monthly basis.
• Monitor all overdue AR to minimize Credit risk and ensure that the Credit Control Policy is adhered to at all times;
• Identify, organize & implement credit practices processes in order to enhance the effectiveness of credit control;
• Design monthly collection objective/strategies and closely follow up on AR aging report and negotiation if any;
• Develop reports and financial analysis as required for external and internal purposes;
• Conduct periodic review of credit facilities granted and ensuring changes in customer’s profile are updating accor;
• Supports financial planning by forecasting cash inflows (i.e. PDCs, LCs, bill Discounting’s, future Cash sales etc)
• Align with CEO, H/O Sales and Finance Manager for Sales facts and figures by analyzing trends, market
Moves and future Strategies.
Preparing MIS reports such as Bank facility report with sanctioned limits and utilization, bank exposure report,
daily fund position report, bank wise report on outstanding import/freight loans
• Monitoring Packing material, Export Freight procurement and payments Functions.
• Co-ordination with shipping companies for negotiation of freight, payment terms issuing of B/L and DOs.
• Managing the company’s working capital position and liaison with banks concerning ERF Facility.
• Managing notices/other correspondence from tax authorities including collection and submission of information.
• Liaising with tax consultants and other stakeholders to ensure compliance of tax laws and any changes;
• Ensuring proper charging and withholding of taxes on payments to other service/goods providers;
• Filling of Claims & appeals in respect of Taxes
ACCA Financial Accounting Tax Audit Finance Financial Management Performance Management Corporate Governance
Master Of Economics Micro Economics Macro Economics Economic Planning Stats
