Treasury Manager
Lafarge Emirates Cement LLC – a Member of LafargeHolcim
Total years of experience :26 years, 8 Months
Providing strategic leadership and manage the Treasury function; Cash Management, Credit Risk, Insurance, and Enterprise Risk Management of Lafarge Emirates Cement LLC. here the dual focus of cash preservation and yield optimization is complemented by the requirement to manage the assets, liability structure, cash flows and risk portfolios with the overall objective of delivering and protecting shareholder value.
Responsibilities
• Set up the treasury division of the company, developed key strategy & policies document, laying down detailed procedure & reporting requirement.
• Establish and maintain professional relationships with International and local bank (35 Banks)
• Manage Funding requirements (long term and short term borrowing) via debt capital market and evaluate alternative long-term borrowing strategies to make recommendations in accordance with the capital structure guidelines
• Responsible for long short term and long term investment
• Member of the credit committee, responsible to manage credit limit, analyze the existing and new customers and responsible to setup credit rating concept for the customers
• Build and manage cash flow forecast ensuring adequate liquidity for short and long term payments
• Working along with the Control and Accounting departments to ensure constant cash flow forecasts, in line with budget and business needs
• Working along with the IT to develop necessary local applications to support the local business and obtain efficiency in business flow
• Ensure that all Group Internal Control Standards related to treasury management are implemented and applied in compliance with the related local treasury procedures
• Monitor service received against expectation and cost, and compare actual charges and conditions (interest, value dates, commissions, etc.) against negotiated ones
• Manage the Insurance Policies and the broker relationship and monitor the related cost
• Manage and improve department policies and Procedures to Ensure the Treasury operation align with department and company policy
• Responsible to place and manage the trade credit insurance policy and ensure the implementation in benefit able outcome.
• Manage and Responsible for Foreign Currency requirements to minimize Foreign Exchange Exposure (FX Hedge) & Interest rate Swap (IRS).
• Responsible for management reports in terms of cash forecast, liquidity, Debt, FX and bank guarantee status for country and Group level.
• Manage and monitor counterparties risk in line with the Treasury Policy to ensure, maintenance of an acceptable level of risk, thus minimizing the potential for counterpart default.
• Responsible to analyze Treasury study case for new projects
• Manage Treasury RFP requirements (Insurance broker, Treasury System, Share Registrar Services, Cash Management provider.etc.) to ensure the best services and price
• Responsible to place a Treasury system and build auto cash flow forecast.
• Manage the Treasury budget and monitor the fluctuations and focus on reduce cost Areas
• Responsible for trainee the Finance team to increase the awareness of Treasury department responsibilities and the importance of cash flow and other function
Responsibilities:
1.Build and Manage banking relationship locally and internationally
1.Manage and enhance the cash forecast process and control the cash flow in order to achieve the company objective to maximize the profit and adhere with the department objective.
2.Manage and monitor counter-parties risk and capital adequacy ratio in line with Treasury Policy to ensure maintenance of an acceptable level of risk
3.Manage excess cash balance in order to invest and maximize the cash flow during the acceptable tenure
3.Plan and manage the foreign currency hedge and exposure
4.Plan and Organize the insurance program to minimize organization exposure and maximize du coverage
5.Manage the Treasury Budget and monitor the fluctuations and focus on reduce cost areas
6.Maximize the return on the investment
7.Work with senior director corporate Treasury to manage a company financing and achieve low interest cost on borrowings and cover the debt cost from investment.
8. Manage and negotiate the insurance policies and analyse the premium cost in order to minimize the insurance premium cost and maximize du benefit.
9.Manage all banking relationship in order to achieve banking requirements, product and solutions for Treasury and all department for the sake of the company benefit
10.Manage the insurance broker and insurance company relationship with all internal department to maximize the company benefit and reduce the company exposure
11.Assist a data completion in regard to Treasury process and policies in order to align with the company objectives
12.Manage and control all the foreign exchange corporate rate in order to ensure proper revaluation for all company assets and liability
13. Manage the reconciliation task and ensure treasury transactions reconcile between bank and company books.
14. Manage the department budget and plan for cut cost and increase the revenue
15.Manage bank guarantees( both suppliers and Co. provided)
16. Manage Corporate Credit Card and Purchase Card.
17.Develop Treasury Management Systems and work with several vendors for best practice in the market
18. Manage the relationship between Treasury and account payable, account receivables, Procurement, Credit Controller and other department
19.Handle internal and external audit requirements
20. Lead and Manage new Treasury team.
21.Head of Finance committee to improve the department engagement..
Responsibilities:
•Managing branch operations with other agents and branches.
•Supervising counter staff to guide and improve their performance.
•Authorizing incoming and outgoing payment orders. Identifying procedures and guidelines related to anti-money Laundering.
•Following up and reconciliation the Company’s accounts with correspondent banks and agents.
•Monitoring funding procedures and limits according to cash management policies of the Company.
•Training remittance and compliance officers on identifying suspicious transactions.
•Introducing new services and building up customer’s base.
•Developing money transfer services and following up customers inquires.
•Monitoring international Exchange rates and determining quotes.
•Issuing and buying cheques and travelers cheques.
•Preparing monthly, quarterly and annual reports for the Central Bank of Jordan.
•Following up and reconciliation the branch’s accounts with the agents and correspondent banks.
•Training fresh staff and evaluating their performance.