Head Of Treasury
Alshamel International Holding Company
Total years of experience :21 years, 6 Months
As a Head of Treasury of Alshamel International Holding Company has 17 subsidiaries, 2 Related Parties located in 7 Countries .22 Bank accounts in 9 Banks), using Microsoft Dynamic (AX 2009),
Countries: Kuwait, UAE, Saudi Arabia, Bahrain, Jordan, Qatar, and Sultanate Oman,
Banks are HSBC, Gulf Bank, NBK, AUB, KFH, ENBD, SABB, BBK, and AJIB.
The Roles
-Ensuring a positive working capital and high current ratio for each entity as well as for the whole Company.
-Supervise and co-ordinate with local accountants in each subsidiary for cash in/out flow under umbrella of the HQ Office.
-Review the "FOLs" and attaching my recommendations before Managers signatures.
-Issuing LC, LG, OD, and export line when it required
-Internal Audit-monthly-for transactions to ensure that is recorded in books properly.
-Evaluating periodically looking for the expenditures-reduction.
-Liaise with credit controller to ensure the efficiency of collecting and control the Aging Receivables.
-Conduct the reconciliation and check each payment and ensure if it is true and payable.
- Set up Instructions and protocols for payments procedures.
-Review and release monthly payroll and Leave salaries and indemnity for staff.
-Resolving any issue related to bank accounts /users
As an accounts in-charge for United Airlines GSA
-Review the Contract with United Airlines, attach the summary report and comments for interpretation before getting sign by Managers.
-Calculating the monthly staff benefits/provisions and accruals for GSA, recording the required entries, and directing the expenses.
-Preparing monthly P/L and quarterly financials for two different agreements SRA module and Cost-plus module.
-As a senior accountant,
1- Preparing invoices and Statements of account in Microsoft Travel Dynamics and fiesta account systems, following up with the clients for the collection by calling, e-mail, and faxes as well, to control the credit facilities provided for the customers,
Then adjusting the receipts with the invoices to prepare the customers aging report,
Analyze quarterly the status of clients, provide the recommendation regarding each, classified them as a very good, good, or bad customer.
And report it to my direct manager, and discussing the favorable plan if we have to continue or not with particular client and if we need to change the facilities terms or even to stop giving credit facilities,
2- general accountant .receiving cash, invoicing the sales, bank reconciliations/ inter-companies reconciliations all over the regions, preparing management report quarterly, cash flow reports weekly, and yearly financial reports. P/L report, trial balance, calculating Assets depreciation, amortization, provisions for the leave salary, and indemnity for the employees
Receiving cash from customers,
Making the invoices cash or credit on the account system,
Preparing the daily sales and send the credit invoices for the customers,
Weekly sending statements for customers,
Checking the BSP report weekly,
Making refund on Galileo and Amadeus system if is it auto refund, and refund applications for those not accepted auto refund,
Receiving the statement from hotel agents and reconcile it to prepare the payment,
Fortnightly reconciling Bank Statement with our books,
Yearly Preparing trial balance for the auditors,
Account System used (smart solution, Track, and Fiesta)