Treasury Manager
Xerox Egypt
Total years of experience :25 years, 9 Months
Managing corporate facility lines for the optimum position.
Maintaining liquidity ability to meet current and future obligations in a timely and cost effective manner.
Managing and controlling risk by applying hedging tools against the foreign exchange and interest rate risks and other financial risks.
Monitoring daily funds management for collecting, concentrating and disbursing cycles.
Banking relationships and Communications to get results that have a clear positive impact on business performance and profitability.
Maintaining shareholders relations regarding setting and determine dividends procedures and payments.
Cash flow forecasting for short and medium terms.
Provide Finance Director with a weekly report highlighting the economic situation in the country and its impact on foreign currency rate and company’s profitability and balance sheet.
Review the required bank accounts and recommend what should be added or removed in light of the company needs.
Ensure abiding by all accounting and treasury policies and guidelines without deviation.
Assist the Managing Director of Finance in the development of treasury strategies and plans.
Optimize cash resources through short term investments (time deposits, treasury bills, intercompany loans).
Ensure that dividend distribution requirements are met on time and reported to Treasury HQ.
Manage and control risk by applying hedging tools against the foreign exchange and interest rate risks and other financial risks.
Management of Treasury reporting and analysis including Cash Flow, Net Debt, Currency Exposure, CCAP, Treasury Vital sign and Booking rate report.
Cash flow forecasting for short and medium terms.
Ensure prompt resolution of discrepancies and problems with banking transactions and charges.
Controlling all interest & charges calculated by the banks in respect with all facilities contracts made with the banks.
Daily cash activities to include balancing and borrowing funds - Movement of funds between accounts and transfers to domestic and foreign suppliers.
Record the bank transaction related to transfers between bank accounts, debit and credit interest, monthly bank charges.
Research and resolve all outstanding reconciling items. Properly document all reconciliation actions with appropriate support included.
Prepared all Trade documents LGs, LCs and DCs.
Revised Company credit limits and other agreements with banks as required.
Ensure that the Company complies with the banks' facilities agreements regarding the terms.
Monitored the Company's cash management including preparation of the cash flow forecasts and the cash positions.
Maintained Intercompany loans and payments through E-netting and E-Treasury Multilateral netting systems.
Processed all bank facilities with the company and performing bank reconciliations.
Prepared monthly, quarterly and annually financial statements.
Communicate with external auditors and discussed all required adjustments.
Prepared and reviewed journal entries.
Prepared and processed monthly payroll and employees remittances.
Reviewed financial statements and prepared clients Audit reports.
Bachelor of Commerce - Accounting Major - Good degree