Sr. Treasury & Risk Supervisor
ALMARAI COMPANY
Total des années d'expérience :18 years, 9 Mois
Solid background on foreign exchange transaction, islamic Loan, letters of credit (subsidy and capex), Saudi Investment Development Fund (SIDF), Sukuk, IRS, Cash Management, Guarantees and Motor, Travel and Marine Insurance.
Established good and strong rapport with banker and insurance.
Solid background on Letters of Credit, International and Domestic Guarantees (Volume: LC and LG SAR321MM), Islamic and Commercial Loan (Volume SAR10B)
Provides assistance to the Treasury Manager and Assistant Treasury Manager in the movement of Corporate Fund and overseeing Foreign and Local Currency Requirement.
In-charge for Local, Foreign and GCC fund requirement for Almarai Group, namely Almarai Company, Western Bakeries, Modern Food Industries, International Baking Services, Hail Agricultural Development Company, Mead Johnson (IPNC), Pepsi Teeba, Almarai Investment Accounts, and GCC \[Dubai, Kuwait, Oman, Bahrain and Qatar\] companies.
Weekly preparation of Treasury Report to be circulated to the CEO, GM Finance, Deputy GM, Treasury Manager and Asst. Treasury Manager.
Updating, monitoring and checking Fixed Deposit Placement and Maturity
Request and follow up copies of bank statement for Saudi Industrial Development Fund(SIDF)
Preparing bank correspondence i.e. authorization letter, balance confirmation request, check draft cancellation, stop payment, bank opening request and other bank related concern
Ensuring that the daily fund transfers are processed by the bank on time
Facilitate opening of new corporate bank accounts for all group of companies.
Providing the conversion rate for claim, payroll and month-end requirement.s
Insurance Declarations and Claims (Coordinating with Insurance Company & Regional Fleet Managers for Motor Declarations) for Almarai Group
Communicating with Insurance and Regional Fleet head accidents claim/recovery
JV for all insurance claims
Facilitating the request for travel insurance certificate
Preparing salary letter, sending of payroll information and standing instruction to GCC banks on a monthly basis.
Reconciliation of monthly auto pay salary (both SAR and MCP employees).
Provides assistance to the Vice President- Treasury/Insurance and Senior Manager Cash in handling corporate of funds to sustain all operational requirements
Prepare monthly consolidated collection monitor for the information of top management showing comprehensive cash analysis
Take charge for the consolidation of company’s daily cash movements/balances for 13 production plants and at least 97 sales offices
Responsible for collating monthly average collection of 1.5 Billion
Monitor and implement mobilization of fund by applying treasury guidelines, control and procedure to achieve cost effective and efficient cash management
Management of treasury funding for all national disbursement
Management of weekly plant funding allocation by:
Provide guidance to plant cash analyst the importance of cash management
Roll-out, communicate and implement all new and revised company policies and procedure
Developing and maintaining bank relationships and facilitating cash sweeping arrangement
Assist in monitoring and ensuring that operational service level of the banks are maintain
Review, reconcile and validate plant daily cash and check deposits using internet banking facilities•
Has close coordination with 21 controlling/mother accounts and 119 plant depository accounts.
Monitor compliance of plant/ sales office/ various bank branches to agreed corporate procedures.
Review, reconcile and validate dollar and adjust FX gain or loss in the book if there is any
Prepare accurate and relevant report pertaining to national collection and disbursement
Prepare, monitor and summarize company’s collection, monthly fund transfer, bank ADB and bank facilities update of 13 plants
Review and evaluate existing internal controls and make recommendations for its improvement
Prepares national accounts receivable for management book submitted to the top management
Prepare Daily Cash Position Report for submission to Head Office
Received & verify salesman’s load sheet, summary of daily sales settlement, cash report, sales & deals report, petty cash replenishment from Sales Office Managers of different Sales Offices
For Cash Report - verify amount received as to amount indicated in the SDSS, check beginning balances as to the last day ending balances.
Verify deposits against validated deposit slip
Assign appropriate account codes to transactions & post entries to the sales book
Prepare journal entries to record sales book transactions & upload the same to ORACLE using Web ADI
Prepares summary of charges to Home Office & other plants originating from coding slip & ensures completeness of supporting documents
Participate in the inventory counts of Full Goods & Empties for Carbonated (Pepsi, 7up, Mirinda, Mountain Dew) & Non-carbonated drinks (Tropicana, Gatorade, Lipton Tea, Premium Water)
Participate in the Sales Office Audit of Cash on Hand, Petty Cash Fund & Full Goods & Empties for Carbonated & Non-carbonated drinks
Prepares monthly accruals of selected expenses
Processed weekly FTH Billings
Matches FTH Trucking billings with the approved Hauler’s Trip Ticket & receiving reports sheet & account breakages of Full Goods
Prepare Demit Memo for Hauler’s breakages & other Hauler’s offsetting account
Ensure that all FTH payables of the Plant are processed for payment according to established company policies & procedure
Prepare and comply Monthly Balance Sheet Analysis for Cash on Hand, Accrued FTH, Accrued Advertising & Marketing, Accrued Rent, Accrued Utilities & Accounts Payable - Others & make a corresponding reconciliation with General Ledger balances
Prepares Check & Update Check Register
Process Casual & Merchandising Payroll of Cebu Plant
Follow up & plot stations expenses
Check actual raw material purchase & other daily expenses thru liquidation statement sent by various RGE station for costing purposes(Jao, Inabanga, Ubay, Catbalogan, Tacloban & Marabut Picking Stations)
Coordinate with RGE station OIC’s/QC’s as to disbursement whose liquidation still in transit & plot the same together with the liquidated expenses for costing purposes
Responsible for verifying the completeness of supporting documents & the authority of approving signatories for station’s purchase of raw materials and station’s daily expenses
Segregate station charges of FTH, whether for crabs/others or Ice
Keeping station documents such as Certificate of Registration, Mayor’s Permit, DTI, Quarterly Income Taxes Contribution, Monthly SSS Contribution & Station’s ledger & journal book
Responsible for the preparation of bank reconciliation for station’s depository bank & make a corresponding adjustments
Reconcile & update Cebu Plant & Stations fixed asset’s GL & manual monitor & make a corresponding monthly fixed asset depreciation
Update SSS/PHIC/HDMF remittance
GPA = 1.8 CPA Board Review – June 2004 University of San Jose Recoletos Magallanes Street, Cebu City Internships: Land Bank of the Philippines P. Del Rosario Street Cebu City