Treasurer
Taj Gasoline Private Limited
Total des années d'expérience :17 years, 3 Mois
Achievements:
• Successfully enhanced new funded and non-funded lines of USD 7 million from existing and new banks
Job Description:
• Responsible for leading the Corporate Treasury function of group companies
• Liquidity management and placements of idle funds
• Evaluation, enhancement, and strengthening of strong relationships with financial institutions
• To negotiate and enhance funded and non-funded lines to meet business requirements for operations and expansion
• To oversee cash management and trade finance portfolio of group companies
• Automation and digitization of the processes, formulation of policies, procedures, and framework for Group Treasury
• Financial risk management and identification of control gaps, design strategies to cover these gaps
• Planning, budgeting, financial reporting, and accounting of treasury portfolio as per the disclosure requirements
Achievements:
• Played an instrumental role in the digitization of the payment process with various banks that improved payment processing time from two days to an hour
• Successfully implemented a Real-Time Integrated Cash Management System with various banks that reduced collection and order processing time from two hours to real-time
• Participated as a lead representative from Finance by arranging financing, structuring trade transactions, and correspondence with global suppliers for the Expansion Project worth USD 19 million
• Saved cost of USD 0.100 million by performing efficient negotiation of foreign exchange rates and process improvement in trade transactions
• Became a Core Team member being considered a high performer and useful member of the organization on the recommendation of the CEO
• Developed mechanism of clean presentation of shipping documents to banks against LCs in local and foreign exports to secure and ensure timely realization of receivable for USD 8 million
Job Description:
• Managed exposure of approximately USD 123 million including funded (long/short term) and USD 182 million non-funded facilities availed from 17 commercial banks
• Maintained strong relationships with financial institutions
• Implemented the latest technologies, products, and services offered by banks and fin-techs to improve the cash cycle & simplify operations
• Negotiated markup rates for working capital facilities, exchange rates, booking forward cover, and hedging
• Financial planning, cash flow forecast, cash management, and short-term placements
• Managed and controlled financial risks, liquidity position, and funding requirements
• Supervised trade team with a trade portfolio of around USD 280 million
• Coordination with global suppliers for bulk buying of raw materials and structure global and local trade, guarantees, and supply chain finance transactions under international rules and central bank’s regulations
• Process automation, digitization, formulate policies, and procedures, conduct internal control gap analysis, and eventually ensure its implementation
• To monitor and control financial reporting, including review and verification of actual, forecast, and budget of treasury and trade portfolios to CFO, CEO, and Board Treasury Committee
Achievements:
• Received for outstanding commitment to Quality Service and Customer Satisfaction
• Provided technical assistance in opening the biggest LC in the history of MCB worth USD 45 million
Job Description:
• Managed local and foreign trade portfolio of the main branch and its associated branches
• Supervised subordinates for smooth execution of the trade and foreign remittance transactions
• Managed exchange rate negotiations and stayed up to date on information about the foreign exchange market
• Coordination with clearing, forwarding agents, and shipping companies for shipment and documentation-related issues
• Monitoring and reporting of import, export, and foreign remittance business to RH and GM
• Adjustment and reporting of export overdue cases to SBP
• Analysis of credit requirement and provide its appropriate solution
• Preparation, structuring, and processing of credit proposals
• Risk review of credit portfolio and giving appropriate score according to internal policies of the bank
• Focused on quality assets management, prime targets include generating high trade and cash management business
• Resolution of issues related to amendment, enhancement, and extension of credit and trade lines
Import:
• Initial analysis, processing, opening, and payment of sight, usance, deferred, and services LC under UCP
• Supervised import transactions based on contact, advance payment, and IFDBC in light of the SBP foreign exchange manual.
• Issuance and redemption of shipping guarantees
• Correspondence with SBP for the approval of opening and payment of services LC
• Managing exchange rate negotiations and staying up to date on information about the foreign exchange market
• Periodical reporting of trade and foreign exchange returns to SBP and head office
Export:
• Examination of shipping documents in compliance with ISBP
• Collection and realization of FDBC and LDBC under URC
• Negotiation of FDBC and LDBC by purchasing and discounting against LC and contract
• Authorization and monitoring of export advance payment and ensure its utilization according to the SBP F.E. manual
• Assessment of borrowing needs and structuring of funded and non-funded facilities
• Preparation, analysis, and execution of credit proposals for approval
• Completion of pre-disbursement and post-disbursement formalities
• Disbursement, sight and off-sight monitoring, adjustment and renewal of RF, FIM, FTR, term finance, housing finance, auto finance, and recovery of mark-up
• Issuance and redemption of custom, shipping, utility, bid bond, and performance guarantees as per local laws and URDG
• Verification of customers’ business and stock through regular visits
• Periodical reporting to SBP and head office
Diploma covers various aspects of the Islamic Banking and Finance
IBP Superior Qualification Institute of Bankers Pakistan One and half years diploma. 2012
Analysis of Financial Statements Project Evaluation Advanced Accounting Audit