Treasury Supervisor
Petromin Corporation
مجموع سنوات الخبرة :11 years, 6 أشهر
1- Monitoring of cash inflow and outflow and provide investments plan accordingly.
2- Preparing periodic revenues and expense bank account reconciliation for 21 bank accounts average of 70 thousands transactions monthly.
3- Provide deposit confirmations to other department.
4- Carryout daily fund transfers.
5- obtaining and maintaining records related to all LG's.
6- Maintaining audit trail (documents and references) related to bank reconciliation.
7- Point of contact for internal and external audits.
8- Provide periodic information and reports with respect to cash forecast and bank account to treasury manager.
9-Preparing monthly treasury accounting entries to all bank accounts.
10- Provide technical support in the extraction, analysis, data manipulation and reporting with findings and recommendations with respect to liquidity position (cash flow, loan)
11- Designing and monitoring the implementation of cash management system in order to ensure proper utilization of cash and secure the merged entity's financial position.
Responsibilities:
1- Responsible for reconciliation, review and proper recording of all bank accounts and associated control accounts in the General Ledger in accordance with agreed time frame.
2- Responsible for managing all bank securities.
3- Providing support in managing MGBMs investment activities and in preparing investment reports.
4- Managing all Cash Management reporting requirements and controls including time deposits, cash position and reconciliations.
5- Building and maintaining local and international banking relationships and other financial services providers.
6- Exercising strict control over banking process and monitoring all issues related to banking operations.
7- Involved in devising and implementing the cash control mechanisms, efficiency and effectiveness within the cash management areas.
8- Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.
9- Maintain a system of policies and procedures that impose an adequate level of control over treasury activities.
10- Assigned responsibility of leading the treasury team for developing service level agreements (SLA).
Accomplishments:
1- Successfully secured SIDF loan amount SAR 179 million to finance a mine project.
2- Leading the treasury team to secure SIDF loan amount SAR 1.2 Billion.
3- Commended for effectively managing inter-company loan amount SAR 1.2 Billion.
4- Instrumental in maintaining 85% investment of free cash flow.
5- Successfully developed templates and maintained accurate cash forecast.
6- Successfully implemented and maintained daily management system “DMS”.
7- Successfully developed and maintained KPI’s for treasury department.
Responsibilities:
1- Involved in streamline AP process to reduce the number of invoices being processed to save time, staff reduction, faster payment, late fee and over time payments.
2- Planning and utilizing Oracle to code, sort, process, verify and assemble invoices for submission to the senior management.
3- Ensuring compliance of financial policies and procedures in payments of vendors, Contractors and Employees.
4- Conducting ledger balancing and verification in coordination with purchasing.
5- Acts as a liaison between the company, government and external accountants to meet information needs and to ensure that proper information is maintained for historical purposes.
6- Organize account payments and working together with other units, taking into account all transactions.
Accomplishments:
1- Successfully generated and filed more than 16, 000 invoices per year for all mines sites, and other internal departments.
2- Instrumental in improving the workflow of invoices processing and payments to vendor in a timely manner by reorganizing, redesigned and implemented more effective company procedures for account payable.
3- Applauded for reducing the number of invoices on hold by 80%.
4- Improved aging over 60 day’s debts from 17% to 7% and reduced outstanding advances to vendor by 85%.
5- Credited for closing all old internal and external audit findings in the first year of joining account payable.
6- Commended for training 4 employees in the account payable accountant position.
Responsibilities:
1- Involved in reviewing and processing New Application for Expenditures (AFE) Requisitions as approved budget.
2- Responsible for preparing and updating AFE Status Report Compared with Budget and Requested Amount.
3- Providing AFE Status and Completion Certificate (Schedule, Memo and Completion form).
4- Ensuring correct Data Entry of New Acquired Assets Based on Completed AFE in the Oracle Fixed Assets.
5- Generating and running Fixed Assets Depreciation Journal in Oracle F/A Module.
6- Preparing Fixed Assets Schedules and Reconciliation With the G/L.
Accomplishments:
1- Appreciated by the Management for conducting 100% fixed assets physical count.
2- Successfully updated the fixed assets register to match the physical assets owned by the company.
3- Successfully planned and executed year end assets physical count.
4- Commended for training 2 employees in the fixed assets accountant position.
Responsibilities:
1- Tasked with processing invoices, purchase orders, credit memos and payment transactions in a timely and accurate manner; verifying accuracy of A/P batch output to ensure correct vendor coding.
2- Responsible for maintaining files and documentation in accordance with company policy and accepted accounting practices.
3- Responsible for preparing vendor account reconciliation and confirmation.
4- Responsible for conducting monthly closing process, accruals and journal entries.
Accomplishments:
1- Instrumental in bringing improvement in the A/P approval process and reducing late payments.
2- Successfully generated and balanced accounts payable reports to vendor statements.
3- Commended for processing Full Cycle Accounts Payable up to 450 invoices/month and 1, 500+ vendors accounts.
1- Assist in the setting up of the credit control system.
2- Keep the credit control manager up to date with new credit management techniques and practices.
3- Review customers’ accounts and review bank letters of credit, evaluate request to purchase on credit, and prepare monthly reports.
4- Ensure that debts are paid in a timely manner
5- Follow up overdue invoices by telephone, email, letter, and customer visits within agreed timescales
6- Identify changes in payment patterns and propose action to avert indebtedness
7- Meet cash & debtor day targets set by the Firm
8- Respond promptly and completely to both client and internal enquiries
9- Handle disputed bills and negotiate to bring payment within the agreed terms
10- Undertake account reconciliations
11- Monitor and review letter of credits issued by banks and keep track of its expiry dates.
12- Check and approve credit sales, and prepare credit sales accounts reports.
13- Supervised a team consists of 3 employees.
14- Review the past due accounts and contacts the delinquent customers’ timely.
15- Reconciled large accounts built relationships with customers and reinstated the account receivables.
16- Coordinate with branches, credit and the legal departments.
17- Contact other banks for other customers, and update the system with follow up action.
18- Request the branches and department to affect payment.
19- Prepare a statistical report to top management.
20- Send out monthly client statements/letters on a monthly basis.
21- Supervise the collection team.
Bachelor of Commerce, 2006, John Molson School of Business, Concordia University, Montreal, QC • Major in Accounting • Minor in Economic
Diploma in accounting, business and Computer application, April 2000, Toronto School of Business, Ottawa, Ontario. GPA of 85%.