Assistant Manager, Finance (Treasury & Banking)
Ebrahim Khalil Kanoo
Total years of experience :14 years, 6 Months
• Ensuring compliance with treasury controls, policies (including limits) and regulatory requirements; facilitating management of long and short-term cash flow and working capital/liquidity management
• Identify, assess and manage risk associated with financial instruments, forex transactions, foreign exchange rate fluctuations and interest rate fluctuations
• Forecasting foreign currency requirements and monitoring foreign currency deals; managing hedging of foreign currency exposure for the company
• Preparation of budget (for Treasury Dept.) and conducting variance analysis to determine difference between projected figures & actual and implement corrective actions
• Determining appropriate source of funds; ensuring all payments are made within stipulated time frame
• Supervising preparation of MIS reports to provide feedback to top management on financial performance like fund management, credit control, profitability and others
• Acted as key member in framing Forex Management & Hedging policy and Interest rate hedging policy.
• Develop and implement strategies to optimize cashflow and maintain liquidity
• Analyzing cashflow data and prepare reports for management
• Review of daily bank account transactions
• Monitoring Bank reconciliation and follow up for actualization of unreconciled items and correction of erroneously recorded transactions
• Develop banking relationships and acting as primary contact for Banks and other financial institutions representing company and liaise with them for resolution of day to day operational issues
• Assist with bank account opening, closing and signature mandate updates
• Ensuring KYC compliance for banks and other financial institutions
• Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital and project requirements
• Review credit facility agreements with banks and renegotiate with them on annual basis for better pricing and facility limits
• Maintaining loan book and monitoring it for timely settlements and rollovers
• Overseeing Export LC negotiation, Import LC, Bank Guarantee and TR loan processing .
• Ensure proper documentation of approvals for Treasury and Banking operations and its filing
• Monitoring and Managing corporate credit card portfolio which includes Corporate credit card used for various divisions and cards used for custom duty payments, VAT payment etc. and negotiate with card providers for best possible rebates and rewards
• Facilitating different cash collection modes for divisions by arranging POS / Wallets / Payment gateways/ payment gateway integrators or aggregators and negotiating with providers of such services to avail the services at best possible price.
• Liaising with merchant acquirers /Payment gateway integrators or aggregators to resolve day today operational issues.
• Completed year-end closing processes with controllers and external auditors.
• Updated general ledger with latest entries.
• Prepared monthly journal entries and reconciliations.
• Prepared Quarterly FS for business units
• Reconciled balance sheets and streamlined best practices for balance sheet processes.
• Prepared Bank reconciliations
• Reviewed budgets and communicated discrepancies to senior management.
• Leveraged finance knowledge to strengthen controls and improve transparency.
• Contributed to hiring, training and development of accounting teams.
• Reconciled accounts and created documents for monthly closure procedures.
• Preparation of consolidated budget at corporate level for all divisions, cost centers and Subsidiaries and assisted divisions to prepare divisional budgets.
• Reviewed monthly operations to assess compliance with budgets and determine necessary adjustments for future plans.
• Prepared FSG reports from ERP(ORACLE) for the purpose of monthly reporting
• Monitored and reported budgetary discrepancies to corporate senior management to maximize reporting efficiency and finalized spending plans.
• Worked with human resources to assess labor patterns and hiring requirements.
• Implemented budgetary monitoring techniques to improve corporate spending habits.
• Compiled statistical data after each month-end closing.
• Checked key performance indicator reports for accuracy and completeness.
• Created and updated expenditure reports in Excel for tracking and analysis
• Identified and monitored budget expenses for accuracy and signs of fraud.
• Generated annual budget forecasting information for executive and corporate reports.
• Monitored contracts and analyzed expenses to facilitate financial objectives.
• Submitted recommendations to budgets and forecasts for approval or disapproval.
• Prepared receivables aging to analyze the quality of debtors
• Prepared inventory ageing analysis for assessing the efficiency of inventory management and signs of fraud
• Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
• Completed daily cash functions like account tracking, budgeting, and cash and bank reconciliations.
• Reconciled accounts and reviewed expense data, net worth, and assets.
• Computed tax liability of United States individuals and corporate entities
• Prepared Tax Returns of United States individuals and corporate entities
• E-filing Creation of US tax Returns
• Reviewed financial records such as income statements and documented expenditures in order to determine forms needed to prepare tax returns
Master of Business Administration
Master of Commerce