Treasury Section Head , Acting As Treasury Manager (Ghana, Zambia, Ethiopia, India)
El Sewedy Electrometer Egypt
Total des années d'expérience :18 years, 1 Mois
• Setting up the financing and investment options for the group (forfaiting, pledging and time deposit).
• Assessed feasibility of funding options for the company of borrowing facilities and affects the required amendments upon the company policies.
• Restructuring the credit lines on-balance and off-balance for existing banks and new banks including pricing rates negotiations on financing and investment transaction to optimize the company return.
• Setting up the financial risk mitigation strategies for expected exposure loss.
• Setting up the SAP implementation for corporate treasury.
• Oversee the daily cash transactions, trade finance transactions, financing and investment requirements for existing banks.
• Monitor the cash flow forecast and determining the cash flow requirements to meet the group budget datelines.
• Supervision on the planning and supply chain departments for achieving the shipping datelines to meet with the company budget plan.
• Oversaw working capital performance to drive optimization; handled cash management activities including daily/monthly reporting, forecasts and variance analysis for fulfillment of the group backlog’s.
• Direct cash management and borrowing strategies, providing insight and recommendations aimed at improving working capital and reducing Company interest expense where possible.
• Supervision on the cash needs in EGP & foreign currencies to financing the outstanding and backlogs projects..
• Keeping bank relationships and assisting bank credit teams during the annual review of facilities and financial statements analysis.
- Assisting in managing the financial statements and ensure compliance with the Company and Country processes, rules and regulations.
-Ensure that all the Local bank accounts are reconciled on a monthly basis and that outstanding items are followed up and cleared.
- Ensure posting of entries from bank accounts where not covered elsewhere. This will always include transfers (inward, outward), direct debit rejects and collections, bank charges, but may also include funds received from overseas.
- Manage day to day relationship with the local main bankers. Ensure that mandates correctly reflect the current information in bank statement.
- Promote the use of efficient money transmission systems for receipts and payments. Review cash balances and ensure that funds are banked in appropriate accounts to optimize efficiency and return on short term funds. Ensure an efficient transfer of information between the Local and its bankers that statements are electronically
Downloaded and that filling or archive storage is properly organized.
- Ensure all interfaces recording income are interfaced on regular basis and reconciled.
-Write and maintain written procedures for inclusion in the Finance Procedures Manual Concerning all aspects of the Treasury Procedures.
-Managing cheques portfolio and maintain customer accounts to fulfill operating cycle for the company
-follow up any customer return to effect the system
-reviewing petty & main cash to ensure the requirements for the company
-Managing prepaid and accruals expenses monthly such as rent, insurance and other operating expenses as salaries.
-Posting expenses journal entries at the beginning and at the end of each year.
- Develop reports on income, costs, balances and investments for incorporation into reports to the Trustees and Management.
-Managing monthly sales invoices for customer. in addition to, credit balances for new customers.
-Ensuring and managing monthly sales journal entries and operating cycle for sales.
CTP Certificate
GPA 3,good,