Group Treasury Manager
Surface Wilmar
مجموع سنوات الخبرة :12 years, 4 أشهر
• Acted as a liaison for the organization’s banking relationships, optimizing the cost and efficiency of the banking structure, consolidating bank services, and maintaining authorized signatories on all accounts.
• Managed trade finance operations, including Letters of Credit (LCs) and Letters of Guarantee (LGs), optimizing transactional efficiency.
• Developed and implemented forecasting models to predict cash payments, identified potential challenges, and implemented mitigation strategies to ensure adequate cash flow.
• Spearheaded the development and implementation of Enterprise Risk Policies, ensuring adherence to set standards across business units.
• Teamed up with Internal and External Auditors, compiled reports for the Board Audit Committee, and ensured compliance with regulatory requirements.
• Conducted financial analysis and prepared reports on treasury activities, providing insights to inform management decisions.
• Directed the group's working capital, achieving efficient utilization and optimal cash flow, and ensured effective cash management strategies.
• Presented financial reports and insights to the board and senior management, providing expert guidance on financial issues.
• Applied financial, treasury, and strategic management expertise to develop innovative solutions to new financial challenges.
• Planned and executed foreign exchange risk management strategies, minimizing exposure and ensuring optimal hedging practices.
• Mentored a team of treasury professionals, achieving departmental goals and developing team members' skills and expertise.
• Achieved the typical cost of funds from 48% to 15% through the implementation of innovative funding options.
• Successfully managed to fund the business despite a challenging economic environment.
• Accomplished desired results by arranging a USD 16.5 million CAPEX Loan for the New Margarine, Ketchup, and Sauce Plant for Olivine Industries.
• Led the mitigation of financial risks related to foreign exchange positions and interest rates on borrowings, achieving efficient cash utilization and financial services management.
• Managed and optimized the group's borrowings and investments with various financial institutions, ensuring effective relationships and negotiated terms.
• Assessed, monitored, planned, and managed cash utilization and financial services, implementing efficient systems and controls.
• Managed currency obligations and trading in financial markets, ensuring compliance with statutory requirements and maintaining a proper treasury accounting system.
• Validated taxes and ensured necessary accruals for reporting purposes, liaising with external auditors and meeting audit requirements.
• Prepared monthly accounts for Delta Corporation, processed cash books, and executed foreign payments.
• Coordinated and implemented Enterprise Risk Management Reporting System, strengthening risk oversight.
• Effectively achieved Treasury Cash flow Reports, enhancing cash management visibility, also reduced average cost of change in funding model, achieving cost savings.
• Influential in restructuring the business through aggressive cost control, financial discipline, business process re-engineering (BPR), and enhancing internal controls.
• Successfully established Letters of Credit (LCs) with Ecobank, demonstrating expertise in trade finance.
• Achieved and analyzed expenses, identifying variances and advising management on cost optimization strategies, also managed budgeting and forecasting, achieving accurate financial projections and informed business decisions.
• Established and implemented financial systems for data collection, analysis, and reporting, achieving efficient financial management.
• Reviewed and refined costings and gross profits (GPs) in response to changes in the business environment, ensuring alignment with financial goals.
• Conducted product and pack profitability analysis, providing insights to inform product development and pricing strategies.
• Prepared and circulated weekly and monthly financial digests, comparing departmental expenditure to budget and achieving financial transparency.
• Ensured timely preparation of financial reports, audit schedules, and other financial statements, meeting deadlines and compliance requirements, also accurate month-end submissions and bank reconciliation statements, achieving financial accuracy and compliance.
• Proficient in monthly closing of books of accounts, prepared profit and loss statements (P&L), and tracked profitability.
• Complied with financial policies and regulations, adhering to ethical financial management practices, also prepared board reports, overheads, and TCMs quarterly, providing financial insights to senior management.
• Accomplished eloquence, articulation, and excellent people skills, working effectively under pressure and as a team player.
• Achieved utilized expertise in SAP, SYSPRO, and Pastel accounting packages to drive financial management efficiency.