Treasury Specialist
Saudi Airlines Holding
Total years of experience :8 years, 3 Months
• Maintain and monitor company cash position.
• Responsible of petty cash accounts.
• Maintain all banking relationships including open, update, and query any transaction.
• Advise management on the liquidity aspects of its short and long-term financial planning.
• Maintain a system of policies and procedures that impose an adequate level of control over treasury activities
• Maintain and improve financial reporting data in MIS for various analytical reports.
• Assist Treasury Manager in preparing various financial reports on timely manner and regularly distribute appropriate variance reports to all concerned to assist them to analyze further and operate within the targeted figures.
• Monitor all operating costs vs. budget.
• Forecast cash flow positions, related to borrowing needs, and available funds for investment.
• Ensure that sufficient funds are available to meet ongoing operational and requirements.
• Report a weekly cash flow projection report.
• Book & maintain bank loans report.
• Arrange and review banks credit facilities agreements.
• Formulate and implement treasury policies.
• Ensure treasury activities are in compliance with company policy & procedures.
• Prepare and post periodical financial reports in Corporate and internal formats.
• Assist Treasury Manager in preparing various ad-hoc reports when required.
• Review & submit monthly operating expense report to all Departments.
• Online bank payments checking.
• Assist Finance Director in preparing various financial reports related to Taxation on timely manner and regularly distribute appropriate variance reports to all concerned to assist them to analyse further and operate within the targeted figures.
• Communicate and implement legislative changes in Tax Laws within required timelines in line with the developments in tax law.
• Assisting to Finance Director by preparing record and data for timely filing of tax returns and refund applications to ensure legal compliance.
• Leading the VAT tax project by coordination with the with govt authorities to fulfill the legal compliance.
• Look after corporate law compliance including various filings. Prepare and get Board Resolutions approved. Undertake related assignments e.g. shares issuance, capital enhancement etc.
. CHECKING OF ACCOUNTS PAYABLE
1. Preparing Direct Journal voucher
2. Billing registration
3. Preparing of Payment Request
4. Preparation of Weekly Reports
5. Reconciliation of Supplier Accounts
6. Follow up of Debit Balance
7. Preparing letters to supplier etc. for original Invoice and other matters.
8. Preparing confirmation letter to supplier
9. Preparing letter to supplier asking for statement of account in every quarter
10. Preparation and monitoring of consultants payment.
• Unadjusted advance payment against material delivered/services rendered by Supplier and Warehouse document pending for any reason.
• Sending to Purchasing Section the list of debit balances in supplier account on monthly basis and follow-up.
• Advances overdue for pending delivery of material or services
• Differences between Invoice & SRV due to short delivery etc. against which full advance payment was made and to be reported to Purchasing Section on every month.
• Verifying the ageing of transactions and bringing to the attention of Corporate Accounting Manager and General & Banks Supervisor, overdue pending payments, through a regular reporting system.
• To send debit note to supplier whenever there is a cross adjustment from Accounts Receivable.
• To send statement of Accounts to supplier, whenever there is such adjustment transactions posted to A/P suppliers account.
3. INVENTORY
• Checking of Bought out items and finished products as per GL with stock value and make reconciliation and passing necessary entry.
• .follow up inventory insurance claims
• Checking all adjustment entries performed by Warehouse team.
4. Insurance
• Receiving the invoices, credit note for any addition or deletion and verifying the same with specified rates as per rates mentioned in policy and reporting the same to Corporate accounting Manager for further actions.
• Checking the invoices and credit notes for charging to any staff loan of employees for any non-eligible dependents and up gradation with GM approval.
• Booking the entries of insurance amount credited to Insurance Company with invoice amount and charged to staff loan for any charges to employees.
verifying and checking of Receiving Reports.
Processing Expense Reports (Petty Cash, Visa Expenses, and Advance’s).
Processing Payments (suppliers Payments, reimbursement, Payroll Settlement, and Utility Payments).
Provides high level administrative assistance for Financial Controller, in the areas of HR and Purchasing, and other departments which include planning, organizing, coordinating and decision making to minimize the demands of their administrative roles.
Allocations of Accounts.
Closing reports which include ageing report and distribution of cheques.