Group Treasury Manager
Misr Cement Group
Total years of experience :13 years, 9 Months
Manage & Lead banks tools (Trade Finance, Financing, etc.) by coordinating with banks the financials instrument to make available the needed resources that ensure the fulfillment of Commercial, Procurement and Governmental Affairs departments business needs.
Overview financial Risks Management (Interest rates, Foreign Exchange rates, Currency Concentration, Financial Liquidity) in reference to financial markets conditions and recommend & manage effective hedging instruments to mitigate potential financial losses.
Ensure cash flow & liquidity sufficiency to meet ongoing operational and capital investment requirements of the company n in order to avoid insolvency and protect the credit worthiness of the company
Monitor daily funds management for collecting, concentrating, and disbursing cycles.
Forecast daily cash requirements and execute daily financing decisions.
Manage banking relationships and communications to get results that have clear positive impact on business performance and profitability.
Manage foreign currency exposure and foreign currency payments.
Coordinate Trade Finance (IDCs, LGs, LCs, ODCs, and Custom Release
Ensure high quality and compliance on financial execution by contacting customers or vendors in case of discrepancies to be -solved, to be perceived as a reliable customer and supplier.
Provide C.E.O and C.F.O weekly cash forecast weekly report highlighting economic situation in country and its impact in company's profitability and balance sheet and follow up new regulation from Central bank of Egypt.
Prepare corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
Set a process and procedures in order to enhance Treasury Department
Prepare spreading analysis in order to calculate cash conversion cycle, debit to equity, Leverage and Liquidity for better decision making
• Manage & Lead banks tools (Trade Finance, Financing, etc.) by coordinating with banks the financials instrument to make available the needed resources that ensure the fulfilment of Commercial, Procurement and Governmental Affairs departments business needs.
• Overview financial Risks Management (Interest rates, Foreign Exchange rates, Currency Concentration, Financial Liquidity) in reference to financial markets conditions and recommend & manage effective hedging instruments to mitigate potential financial losses.
• Manage and lead the accounts payable transactions by running weekly reports to make sure that the payments already done in the due date to ensure satisfaction of internal and external customers.
• Manage all Accounting procedures and process to be align with GAAP and IFRS standers.
• Ensure cash flow & liquidity sufficiency to meet ongoing operational and capital investment requirements of the company n in order to avoid insolvency and protect the credit worthiness of the company
• Monitor daily funds management for collecting, concentrating, and disbursing cycles.
• Forecast daily cash requirements and execute daily financing decisions.
• Manage banking relationships and communications to get results that have clear positive impact on business performance and profitability.
• Manage foreign currency exposure and foreign currency payments.
• Coordinate Trade Finance (IDCs, LGs, LCs, ODCs, and Custom Release
• Ensure high quality and compliance on financial execution by contacting customers or vendors in case of discrepancies to be -solved, to be perceived as a reliable customer and supplier.
• Development of the actual P&Ls, Balance Sheet, Operating Free Cash Flow (OFCF) analyzing results & variances vs. budget & estimates, identifying & reporting gaps with action plans to ensure agreed on targets are fully met.
• Provide C.E.O and C.F.O weekly cash forecast weekly report highlighting economic situation in country and its impact in company's profitability and balance sheet and follow up new regulation from Central bank of Egypt.
• Prepare corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
• Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
• Support the month end process with accounting and finance team.
• Manage Credit Customers and Calculate DSO for Credit Customers
• Trained and supervised 6 employees accounting policies, procedures, and performance requirements.
• Manage all Accounting procedures and process to be align with GAAP and IFRS standers.
• Monitor accounting transactions and govern strict adherence to procedures and guidelines to ensure that accounting books and records are- properly maintained, according to company policy and local regulations.
• Ensure high quality and compliance on financial execution by contacting customers or vendors in case of discrepancies to be solved, to be- perceived as a reliable customer and supplier.
• Assist with Monthly and end-year Close process
• Develop and maintain processes/systems to support AP, AR, GL reconciliation functions.
• Maintain and review working in Capital.
• Manage Internal and External Audit.
• Prepare financial statements P&L, Balance Sheet, Cash flow.
• Maintain and review COGS.
• Analyze Revenue, Prepare Revenue Analysis.
• Review, Run, Post Depreciation and Amortization.
• Calculate EBITDA percentage, Cost per Ton, Price per Ton.
• Follow up leasing contracts.
• Follow up Fixed assets and projects under constructions.
• Insure paying all kind of Taxes on Time (VAT, Salaries, Withholding, and Income Tax).
• Work Closely with Budgeting and Costing Team.
1- Manage corporate facility lines for the optimum position.
2- Maintain liquidity to meet current and future obligations in a timely and cost-effective manner.
3- Manage and controlling risk by applying hedging tools against the foreign exchange and interest rate risks and other financial risks.
4- Monitor daily funds management for collecting, concentrating and disbursing cycles.
5- Forecast daily cash requirements and execute daily financing decisions
6- Evaluate, develop, and implement cash management systems to optimize efficiencies
7- Understand and manage appropriate accounting procedures and processes
8- Manage banking relationships and communications to get results that have a clear positive impact on business performance and profitability
9- Manage foreign currency exposure and foreign currency payments
10- Provide C.E.O and C.F.O weekly cash forecast, weekly report highlighting the economic situation in the country and it’s impact in the company’s profitability and balance sheet and Follow up the new regulation from Central bank of Egypt
11- Ensure having the proper required facility lines for the company to make use of it whenever required without the need to renegotiate when the time comes.
12- Review the required bank accounts and recommend what should be added or removed in light of the company's needs.
13- Controlling all interest & charges calculated by the banks in respect with all loan contracts made with the banks.
14- Ensure abiding by all accounting and treasury policies and guidelines without deviation.
15- Producing financial reports and forecasts related to budgets, account payable, account receivables, expenses etc.
16- Manage Inter company operations and Treasury.
17- Assist with the Monthly and end-year Close process
18- Develop and maintain good working relationships with Banks
19- Develop and maintain processes/systems to support AP, AR, GL reconciliation functions
20- Maintain and review working in Capital
21- Manage Internal and External Audit
22- Prepare financial statements P&L, Balance Sheet, Cash flow
23- Maintain and review COGS
24- Analyze Revenue, Prepare Revenue Analysis
25- Review, Run, Post Depreciation and Amortization
26- Calculate EBITDA percentage, Cost per Ton, Price per Ton
27- Follow up leasing contracts
28- Follow up Fixed assets and projects under constructions
29- Ensure compliance with the law and company’s policies
30- Perform risk management by analyzing the organization’s liabilities and investments
31- Decide on investment strategies by considering cash and liquidity risks
32- Control and evaluate the organization’s fundraising plans and capital structure
33- Insure paying all kind of Taxes on Time (VAT, Salaries, Withholding, Income Tax)
34- Work Closely with Budgeting and Costing Team
1- Supervision and Preparing of the reconciliation bank reconciliation.
2- Supervision of preparing monthly amortization of prepaid expenses.
3- Supervision and Responsible for registering all kinds of invoices & releasing their payments on A/P module. (specialist for the key suppliers Ex: Gas, Electricity, OCI and Bags).
4- Prepare Weekly Cash Flow Forecast. For CFO and CEO.
5- Participate in monthly closing activities.
6- Responsible for preparing monthly accrual for all expenses.
7- Post-financial documents on ERP system.
8- Supervision and Review all month end reconciliations and journal entries.
9- Record tax transactions on SAP.
10- Prepare Vendor status report for top management.
11- Supervision and reconcile all GLs account
12- Supervision and reconcile all Journal entries related to related parties transaction
13- Review and Responsible for the Leasing and Rental contracts.
14- Follow up with banks the statues of the suppliers’ Transfers
15- Supervision and preparing the needed transfer for supplier either with online transfers or Transfers letters.
16- Experience with Online banking e.g., (National bank of Egypt, CIB, And HSBC banks)
17- Follow up any transactions of the company’s Loan, and restricted cash
18- Managing and Run Forex department financial reports
19- Managing with procurement team the Custom fees and custom clearance
20- Follow up on company payable; prepare monthly suppliers list.
21- Prepare bank transfers/checks for suppliers.
22- Prepare payment vouchers.
23- Follow up Credit cards: reconciliations, payments ... etc.
24- Prepare Debit/Credit note.
25- Preparing financial statements consolidated and Standalone with coordination with finance manager (P&L and Balance Sheet Statements)
26- Review budget with actual expenses
27- Review cost centers and cost elements
1- Prepare the reconciliation of suppliers and banks accounts.
2- Prepare monthly amortization of prepaid expenses.
3- Responsible for registering all kinds of invoices & releasing their payments on A/P module.(specialist for the key suppliers Ex: Gas, Electricity, OCI and Bags).
4- Prepare Weekly Cash Flow Forecast. For CFO and CEO.
5- Participate in monthly closing activities.
6- Responsible for preparing monthly accrual for all expenses.
7- Post-financial documents on ERP system.
8- Review all month end reconciliations and journal entries.
9- Handling bank transactions & bank reconciliations.
10- Prepare Vendor status report for top management.
11- Review all GLs account
12- Registering all Journal entries of Arabian Cement Company inter companies (Andalus Ready Mix and ACC for Management).
13- Prepare and Registering Journal Entries.
14- Review and Responsible for the Leasing and Rental contracts.
15- Follow up with banks the statues of the suppliers’ Transfers
16- Prepare the Needed transfer for supplier either with online transfers or Transfers letters.
17- Experience with Online banking e.g., (National bank of Egypt, CIB, And HSBC banks)
18- Follow up any transactions of the company’s Loan, and restricted cash
19- Managing and Run Forex department financial reports
20- Creating Assets and calculating deprecations
21- Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
22- Follow up on company payable; prepare monthly suppliers list.
23- Prepare bank transfers/checks for suppliers.
24- Prepare payment vouchers.
25- Follow up Credit cards: reconciliations, payments ... etc.
26- Prepare daily transactions such as payable and bank deposits.
27- Prepare receipt vouchers (cash and checks).
28- Prepare purchase invoices.
29- Prepare Debit/Credit note.
1- Analyzing Financial Statements
2- Preparing Orders for Vendors and register it at the system
3- Analyzing Expenditures and register it at the system
4- Register the deposits from the showrooms on the system
5- Preparing reports for sales and vendors
6- Comparing Sales Budget with the actual to get the Variances and reported it to CFO and CEO
7- Preparing and Registering Journal Entries
1- Registering deposits
2- Analyzing data and prepare the financial reports
3- Issuing the invoices for customers
4- Coordinating between sales, collector, plant mangers and credit team
5- Creating new customers, new sites
6- Preparing reports show the total volume, total amounts, average price, average strength, total of the new customers and sites and reporting them to the Top management
7- Meet our customer satisfactions, respond to their meets, and handle any customer’s request
8- Preparing and doing monthly closing to the top management e.g., (customer statistics, monthly volume and prices, internal use).
9- Seeking for needed approval from top management.
10- Bank reconciliation
11- Preparing and registering Journal Entries
12- Creating credit Notes and Debit Notes for customers
13- Implementing new prices, price increase and price decrease
1-Preparing aging
2-Follow up with the collectors the account of the customer.
3-Preparing balance and the prices of the customers.
4-Set the credit limit of the customer and the invoice cycle.
5-Seeking for the needed approval to set and register the credit customers.