Group Treasury Manager
Surface Wilmar
مجموع سنوات الخبرة :12 years, 4 أشهر
Managing daily cash balances and trading in the financial markets.
Ensuring that the company's cash flow is adequate to allow it to operate effectively.
Forecasting cash payments and anticipating challenges arising from limited cash flow.
Designing and Implementing Risk policies and procedures for the whole Group.
Managing the overall Enterprise Risk Policies and ensuring business units adhere to set standards.
Working directly with Internal and External Auditors and compiling reports for the Board Audit Committee.
Analysing the impact of financial markets on the performance of products or services.
Making decisions on company finances, for example, the funding of company operations (new or existing).
Negotiating loan or overdraft terms with company bankers.
Negotiating and arranging Co-financing, Letters of credit, Factoring, Structured trade finance, Corporate finance risk participations, Project-related financing with international financial institutions.
Creating solutions to new financial challenges by applying Financial, Treasury and Strategic Management knowledge.
Taking responsibility for, and supervising the work of, more junior members of staff.
Liaison for the organization’s banking relationships, optimizing the cost and efficiency of the banking structure, and consolidating bank services and maintaining authorized signatories on all accounts.
Attending board and senior management meetings. Making presentations to the company board on specific financial issue.
Mitigating financial risks related to the company's foreign exchange positions and the interest rates on borrowings, manage the efficient utilization of cash and financial services.
Managing the group’s borrowings and investments with various financial institutions.
Assess, monitor, plan and manage the efficient utilization of cash and financial services.
Manage currency obligations and trading in the financial markets, implement and monitor systems of internal control, ensuring compliance with all statutory requirements that fall within the ambit of treasury, managing a proper treasury accounting system and relationship management with all financial institutions.
Analysing the impact of financial markets on the performance of products or services.
Ensure adequate internal Financial and Operational controls are in place within Treasury department to prevent and curb fraud and theft.
Implement new banking technologies, products and services to improve cash cycle and simplify company operations.
Validation of taxes and making sure necessary accruals are done for reporting purposes.
Liaison with the company’s external auditors and ensuring that all audit requirements, in particular those for the annual year-end audit, are met on time.
Preparation monthly accounts for Delta Corporation.
Cash Book Processing.
Foreign payments processing.
Supervision of Treasury Officers.
Planning & Control
Forecasting for future events through budgeting
o The preparation of zero based budgets every quarter with the engagement of head of departments.
Overheads
Circulation of overheads to department heads as well as investigation variances and advising management when overheads are in the red zone.
o The circulation of overheads on a weekly basis has been a major driver in managing overheads as I would then highlight to user departments when their overheads are now in the red zone.
Costings and GPs
Review of costings and GPs in line with changes in the business environment i.e. Increase in raw material prices.
o The preparation of product cost rates (PCRs) has enabled management to make decisions on the products that would be more profitable.
Reviewing product and pack profitability.
Inventory Controls
Participating in monthly stock take.
o After participating in monthly stock take I would then compile reports on what was counted physically and what will be in the system, if any differences then get explanations from responsible personnel.
Variance Analysis
Circulate weekly and monthly digests showing departmental expenditure in comparison to budget.
o Preparation of variance analysis were I would have a comparison on targeted usages and actual usages, for raw materials and utilities. I would then engage user departments were there are variances and get explanations behind them.
Financial Accounting
Preparing financial reports on time.
o The preparation of weekly reports for the weekly finance meetings, highlighting main areas of focus, on overheads, TCMs, bill of materials, working capital as well as leakages.
o Preparation of control accounts engaging as much as possible user departments i.e stores and production.
Audit
o Preparation of audit schedules as and when requested.
Board Reports
Preparation of board reports, overheads and TCMs every quarter.
o The preparation of board reports has been an aid to user departements as I would advise on how they perfomed in the particualr quarter.
Management Accounts
Preparation of monthly management accounts.
o The preparation of management accounts has assisted user departments in assessing their perfomannce on a monthly basis, how their overheads, cost of sales were compared to budget and prior years.
Cost of Sales
Preparing margin analysis and cost of sales schedules.
o Have prepared margin analysis for products which would then be used by management in decision making for a certain product by reviewing weather it would be profitable to continue producing the product or venture into a new product.
Debtors Management
Reconciling staff loans as well as travel and salary advances.
o Have reconciled staff debtors making sure they are up to date liaising with payroll.