Treasury Manager
Lootah Holdings
مجموع سنوات الخبرة :19 years, 4 أشهر
Responsible for managing the day-to-day activities in treasury functions to meet the financial obligations of the group. Performing treasury activities related to cash flow, borrowings, debt, and capital management.
▪ Maintaining a robust cash forecasting process to provide optimal liquidity management.
▪ Management of existing and new debt - Covenants and compliance reporting, Prepare and reconcile Debt & Interest Schedules.
▪ Managing banking and investors relationship. Bank account setup and maintenance and handling all KYC requirements for various business units including bank account administration and payment set ups.
▪ Support the business units in all Facility, Loan Requests and Trade finance related activities.
▪ Assist in the documentation for onboarding with banks and account openings/closing/updating signatures etc.
▪ Planning and negotiating with customers and suppliers to ensure optimum working capital across the group.
▪ Ensuring adequate controls over treasury operations and reporting to internal audit and process control functions.
As an international offshore service provider with its presence in Australia, Europe, Africa, America, and Middle East, Telford Marine DMCC offers cost-effective construction and project management solutions to the oil & gas industry for greenfield and brownfield projects. Working as a Treasury Manager, my roles and responsibilities include:
• Maintaining a robust cash forecasting process to provide optimal cash management. Preparation of short and medium-term cash forecasts and liquidity positions.
• Planning and negotiating with customers and suppliers to ensure optimum working capital across the group. Leading the weekly payment runs and negotiation of payment plans with supplier.
• Initiating payment via the online bank platforms for regular supplier settlements.
• Managing the budgetary requirements and the Treasury Dashboard to monitor a point-in-time operational view of Global Treasury, Liquidity and Working capital Management. Planning and executing various liquidity and capital market actions.
• Managing internal cash lending ecosystem between the group companies leading to lower reliance on external finance. Planning and managing optimum cash usage/returns generation, whereas reducing idle cash.
• Managing global banking and investors relationship. Bank account setup and maintenance and handling all KYC requirements for various business units. Bank Administrative functions, including bank platforms and payment approvals.
• Assist in preparation of budget plans, monitor, and analyse project various other financial performance
• Evaluating, quantifying, and mitigating of FX exposures across the group.
• Support the business units in all Trade finance related activities.
• Management of existing debt - Covenants compliance, Prepare and reconcile Debt & Interest / PIK Schedules.
• Ensuring adequate controls over treasury operations and reporting to internal audit and process control functions.
• Identifies cost-saving and profit maximizing opportunities related to treasury.
Ad hoc responsibilities:
- Preparation and presentation of the Liquidity Board Pack to the Board of Directors.
- Periodic budgeting and reporting on monthly basis.
- Review and recommendations on processes improvement and control environment.
- Develop and maintain financial and administrative policies, procedures & management reporting.
ION is a technology leader creating value through data capture, analysis and optimization to focus on improving E&P decision-making, enhancing reservoir management and optimizing offshore operations. The company is publicly listed on the New York Stock Exchange under the ticker IO. ION is headquartered in Houston, Texas with regional offices around the world. During my tenor with ION Geophysical, m role and responsibilities included:
•Manage global rolling cash forecasts for corporate entities.
•Preparing daily cash reports to determine funding requirements.
•Planned and managed optimum cash usage/returns generation.
•Manage, set up and analyse credit limits for trade customers by conducting thorough credit analysis.
•Obtaining Trade Credit Insurance via receivables to safeguard cash flow.
•Assist in debt administration including quarterly and ongoing covenant reporting compliance.
•Preparation of the Monthly Borrowing Base calculations and all the valuations under the banking revolver agreements.
•Review and establish LCs, TR, Term Loans and other short and mid - term fund arrangement from bank as per group’s requirements. Act as lead on issuing Performance bonds and Letter of Credits on behalf of all BU’s.
•Preparation and management of the Worldwide Receivable/consolidated Accounts receivable/ AR reports for all verticals.
•Monitored and mitigated risks arising out of credit and Foreign Exchange Rates fluctuation.
•Implemented cash planning and pooling mechanism across the region.
•Managed cash conversion cycle and working capital across the region.
•Prepared management reports on regular basis with detailed variance analysis coupled with business analysis to assess factors affecting the actual performance compared to budgets/forecasts.
•Account reconciliations of balance sheet accounts such as cash and debt.
Lafarge Emirates Cement is one of the largest cement producers in the United Arab Emirates with its Head Office located in Dubai and cement plant based in the Fujairah Emirate. Lafarge Emirates Cement is part of Lafarge Holcim Group in France. My role and responsibilities included:
•Forecast, organize and execute the day-to-day Cash Management Operations, Preparation of daily cash reports, assisting in maximizing cash flow.
•Tracking of all receivables & payables and liaising with the accounting team to ensure book keeping requirements.
•Arrange disbursements of approved payment runs, payroll via WPS and entries in Oracle Accounts Payable system, reconciliation and performing of all approved wire transfers.
•All Trade Finance Functions
Worked in the back-office Treasury operations department with National Bank of Dubai, handling the below responsibilities:
•FX/MM Desk - Handling FX Customer and Corporate Desk, Confirmation Matching of FX /MM deals.
•Equity Desk - Processing, Matching and Monitoring of equity transactions (GCC and Non GCC markets).
•Derivatives Desk - Processing of Derivatives (IRS, FRA, FX options) and monthly balancing.