Treasury Supervisor/Treasury Accountant
International Turnkey Systems Group (ITS) - Kuwait (Information & Technology)
Total years of experience :14 years, 4 Months
International Turnkey Systems Group(ITS)-(Information & Technology) Kuwait
Position:Treasury Supervisor / Senior Treasury Accountant (ITS Group) July 2006 - Dec 2012
I have been appointed as a Treasury Accountant and then been promoted as a Senior Treasury Accountant & then finally been promoted as a Treasury Supervisor after my appraisal and evaluation by the Management. Some of my areas of responsibilities are as under:
Supervising, directing and coordinating all the day to day activities of the Treasury Department in the pursuit of departmental objectives.
To monitor the daily movement of liquid resources and to decide on optimal working capital levels/needs.
Updates the record of each bank account & facility liquidity positions through the treasury management system on day-to-day basis to facilitate management’s review of overall Group’s liquidity status.
To seek for short term investment opportunities available for the surplus funds and to evaluate different options for investment decision.
To prepare Daily/Weekly Consolidated Cash Flow Statement for ITS Group & more than Twenty Five ITS Subsidiaries from different Countries.
To prepare cash positions (Local & Foreign Currencies) on daily basis. To Prepare and review periodic cash forecasts and allocate cash to be transferred at the beginning of each period to cover operational need.
Bank Correspondence & Documentation for Routine Treasury Operations, Responsible for direct bank relationship management. Maintains directory of global bank account details and facilitate documentation requirements.
Responsible for Reconciliation of Bank Accounts (KWD & Foreign Currency) using Oracle Cash Management Module & Revaluation of Foreign Currency Bank Accounts of various ITS Subsidiaries at the end of every month.
Preparation of Bank Telex/Wire Transfer Letters (Payment to Suppliers / Salaries/ Expenses Claim /Internal & Inter-branch Telex Transfers Etc.).
Proficient with Accounts Receivable & Accounts Payable.
Responsible for Issuance of Tender/Performance Bonds (Letter of Guarantees) with proper reporting and reconciliation with bank’s LG statement.
Responsible for Issuance of L/C’s, Murabaha, Tawarook with proper accounting, reporting and reconciliation with bank’s LC/Murabaha statement.
Reviewing and verifying the accuracy of Journal Entries and accounting classifications.
Responsible for month end close and review and control of all closing activities of Treasury Department.
Facilitating Internal and External audits with excellent liaison with the auditors.
Monitoring all the departmental activities and reporting the Treasury Manager & Financial Controller on the areas of improvement for better functioning of the department.
Preparing the necessary MIS reports in order to facilitate the management to take appropriate decisions.
Maintenance of all the accounting records using “Oracle Financial ERP 11i & 12i” (Modules : Cash Management/GL and Accounts Receivable).
Reporting to the Financial Controller / Chief Accountant, Some of my areas of responsibilities are as under:
Preparation & Posting of all Bank/Cash Receipts, Payments & Contra Vouchers.
Preparation of Bank Reconciliation Statement of KD & Foreign Currency Accounts at the end of every month.
Revaluation of Foreign Currency Accounts and Loans at the end of every month.
Checking Debit / Credit Notes for Insurance of Cars, Asset, Stock & Life, Marine Insurance of S/Parts, Motor Cycles & Power Products & Debit/Credit Notes Car Repair Invoices & Preparation of Journal Vouchers & Posting in Financial Accounting System & Reconciliation of Accounts with Insurance Companies at the end of every month.
Finalizing Car, Motorcycle & Power Products Deals & Sales Invoice Updation in Financial Accounting System & preparing Statement of Accounts for Finance Companies & Follow-up for payment - To control Accounts Receivables.
Car Repair Invoice Updation in Financial Accounting System for Insurance Companies & preparing Statement of Accounts for Insurance Companies & Follow-up for payment to control Accounts Receivables.
Preparation of Payment/Journal Vouchers for Local Trade Suppliers & post to the accounts with proper allocation of account head.
Handled all the bank and cash related transactions; prepared monthly reconciliation statements of bank accounts and processed monthly pay roll.
Assisting Financial Controller / Chief Accountant in Finalization of Accounts for annual Audit & year end programme.
Maintenance of all the accounting records using “Foxpro” accounting software.
➢ Worked as an Accounts / Audit Assistant in M/S. Sunil Bhandari & Associates (Chartered Accountants) Mumbai, India from April, 1998 to January, 2000.
➢ Worked as an Accountant in Abu Moosa & Company (Foreign Exchange Division & General Trader) Mumbai, India from June, 1997 to January, 1998.
o Diploma in Computerized Business Accounting from Sterling Management Institute, Mumbai, India.
o Completed English typing course (Electronic/Manual) from Mumbai, India.
o Diploma in Practical Business Accounting & Taxation from Sterling Management Institute, Mumbai, India.
o Bachelor of Commerce from University of Pune, India in April 1997 with 1st Class (62%)
