Operations Specialist (Treasury)
National Bank of Kuwait
Total years of experience :8 years, 0 Months
The National Bank of Kuwait is the leading bank in the Middle East which reigns supreme as the
largest and most dominant Kuwait-based bank engaged in the provision of banking, financial and
investment services.
Working on systems Kapiti, Merva Host, Bloomberg, Business Objects, Kondor+ and Bancs Link.
Perform the Foreign exchange (FX) confirmation review on all FX deals executed by the Treasury
Front Office and to ensure timely settlements and trade confirmations.
Maintain and code Money Market (MM) and FX Deals.
Prepare Domestic and Foreign currency SWIFT payments.
Prepare daily foreign exchange report to Central Bank of Kuwait.
Derivative Operations: FX Options, Swaps, IRS, Forwards, Futures and OTC trades.
Prepare and monitor Cash Flows and perform daily Nostro account reconciliation.
Update Treasury trade Credit Limits & Process Foreign Exchange Rates.
Islamic Banking Practices: Process Murabaha’s based on commodities and money market Point Deals.
Update daily mark to market valuation (MTM) for all open currency positions.
Working on Kapiti, TCS Bancs Link, Bank Trade, CRM and Business Objects.
Manage and check the CREDIT facilities implemented on the various systems and ensure accuracy and
compliance of implementation as per committee credit approval.
Execute daily work related to the implementation unit: create and implement LBD’s (Promissory
notes), create customer credit limits, implement loan tranches and reprising of foreign currency loans.
Follow up and take action on future maturities, past due loans, installments, rollovers, interest and
customer collateral management in line with the bank policies.
Process facility extensions as per credit approvals: Loan limits, LC’s, LG’s, Overdrafts and FX limits.
Perform daily suspense account reconciliation and follow up with financial control division.
Process and Verify that the accurate fees have been charged as per Bank Tariff: 0.5% past due fee on
loan and lbd’s, excess or expired overdrafts, facility extension fee’s, and front end fee’s.
Perform interest calculations and simulations based on dispute or customer query, Prepare balance
certificates and liability letters.
Liaise with ROs, QAs, branches and other department’s to enhance the working relationship.
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THE SULTAN CENTER, KUWAIT
The Sultan Center is Kuwait’s largest independent retailer incorporating a diverse range of products and services in the Middle East.
Working on ERP Oracle Financials 11i & 12i (Specialized in AP & GL).
Process L/C’s and facilitates custom clearance document collection with banks.
Perform bank reconciliations for all TSC bank accounts on a monthly basis and all related bank entries.
Payroll, Inventory
Budgeting - Formulate budgets and conduct variance analysis to determine difference between projected & actual results and implement corrective actions. Navision
Record and review office petty cash and perform daily cash reconciliation.
Coordinate the financial reporting functions of fourteen stores.
Prepare weekly inventory turnover report.
Prepare daily, weekly and monthly cash flow statements in coordination with group treasury.
Prepare invoices and related accounting documents.
Responsible for timely monthly-consolidated financial statements.
Arrange FX Deals with banks.
Liaise with auditors to ensure annual audits are carried out in time.
Prepare, monitor and reconcile local and foreign supplier payments as per credit terms.
Assist and follow up with the Treasury team to ensure timely loan repayments, interest calculations and bank correspondence.
Dell Inc. is a multinational information technology corporation that develops sells and supports
computers and related products and services.
Create and process new customer orders for all Dell products.
Analyze and verify the authenticity of all online orders for Dell, through coordination with Dell head
office (USA).
Involves analyzing, investigating, decision making and taking timely action to stop the fraudulent
orders from being processed which in turn helps reducing business threats and impacts the Business
Revenues.
Business threat assessment and weekly reporting of loss and bad debt projections.
Handling customer queries and grievances effectively to ensure high SLA and compliance.
courses: Currently pursuing CTP: Certified Treasury Professional (Association for Financial Professionals, USA)
courses: PROFESSIONAL COURSES Credit Analysis Course, (Institute of Banking Studies, Kuwait)
courses: PROFESSIONAL COURSES Credit Analysis Course, (Institute of Banking Studies, Kuwait)