Group Treasury Manager
Mobiserve Holding
مجموع سنوات الخبرة :23 years, 7 أشهر
• Cash management of all group subsidiaries and Holding company to ensure operations are running smoothly and dividends are repatriated to Holding company on time.
• Applying 13 weeks rolling cash forecast to anticipate any cash shortage problems and stand on liquidity position for the group.
• Monitoring daily cash position for actual cash status to be aware if any cash surplus is supposed for further investments.
• Supervising subsidiaries getting new facilities or renewing existing ones through best utilization of banks’ terms and conditions for interest, charges, fees…etc.
• Manage cash transactions in-between subsidiaries and holding company.
• Implementing E-banking for most of group subsidiaries having availability of instant instructions and accounts’ monitoring accessibility.
• Managing FX exposure and currency risk through different hedging tools like forward, options….etc.
• Managing timely and adequate payments of principal and interest related to shareholders’ acquisition loan in addition to compliance with loan terms in form of reporting, debt service reserve account management, documentations, …etc.
• Insuring proper investments of employees’ pension fund.
• Complying with debtors’ covenants either documents or financials like leverage, debt to equity, current ratio, revenue to equity…etc.,
• Synchronize liquidity management by optimizing cash resources to cover any cash deficit to maintain the required liquidity and solvency on the level of the group.
• Utilizing surplus cash by creating the most adequate investment portfolio available using the money market instruments (Treasury bills, variety of bank accounts with different applicable interest rates).
• Cash mobilizing between affiliates covering payables of any affiliate endure from shortage in cash (Treated as inter company's cash loans).
• Monitoring and reporting accounts receivable (Aging report) using oracle application to the top management for control and cash management objectives (providing cash and liquidity for the group).
• Consolidating a monthly projection on the group level, delineating the projections by reviewing actual figures vs. forecasted figures and applying analytical procedures on the occurring deviations.
• Maintaining access to medium financing and covenants, by negotiating and boosting rates and facilities offered by the banks (Overdraft accounts, pledging or any other credit line).
• Employ working capital strategies and tools to efficiently manage current assets and liabilities from investing and financing prospective.
• Applying cost effective relationships procurement.
• Preparing and presenting a treasury operation report to top management on a monthly basis. Indicating the activities through the month, emphasizing strengths and weakness points of the overall operations and activities for further enhancement.
• Part of team working closely on a syndicated midterm credit facility financing group acquisition through affiliated companies in different countries going with lending policies for each country with legal and central banks approvals for holding company shares’ pledges, corporate and cross guarantees.
• Keep track of company Assets’ transactions (acquisitions, transfers, write-off …etc.)
• Provide tools to trace, identify and control equipment at all company’s’ locations.
• Proper, correct and timely update Assets system with relevant transactions.
• Enable up-to-date registration of all assets records to ensure an accurate registration of the cost price for all rigs, proper company’s accounts, correct bid calculations, correct return of investment calculations, correct insurance coverage as well as depreciation rates and calculations.
• Capitalize new assets under construction after analysis and ensure its of correct cost.
• Reporting and confirming all assets were set at relevant appropriate locations.
• Match new assets requisitions were approved as per capital budget and make sure they were properly allocated.
• Issue Application for expenditure (AFE) for all non budgeted items.
• Recording daily entries into journal & ledger and interpret financial records including accounts payables & receivables.
• Carry out all necessary procedures refunding customers’ approved claims via direct banking transfers in domestic and foreign currencies, follow up with relevant banks and calculate bank charges.
• Carry out all necessary procedures for issuance of customers' cheques, follow up any collection problems and resolve.
• Maintain both manual and automated accounting records for all banking accounts and perform bank reconciliation.
• Preparation of long and short term time deposit and record its interest revenue.
• Holding petty cash and perform its reconciliation.
• Clear supplier's payment after being reviewed and gotten approval- either cash or by cheques after calculating and deducting withholding tax.
• Preparation of cash general journal and posting to relevant subsidiary journals.
• Prepare monthly reports showing volume of business and any others in accordance to higher management requests.
• Follow up customers accounts and settle them - whether by reporting debit balance or issuing credit memos- via specific software.
• Assure that all staff is aware of company's financial policies and best practice.
• Help in the preparation of payroll (Local Staff) after making necessary deductions as social insurance, health insurance, penalties …..etc
• Assist in updating company's chart of accounts.
Providing full assistance to auditors during annual auditing periods.
• Responsible to apply all USAID " United States Agency For International Development " rules and regulations on all issued loans and carry out a precise audit validation.
• Revise all necessary documents required in order to be able assessing the SME financial position and ability to settle debt.
• Study and assure borrowers' status in case of multiple and repetitive loans and verify that the amount and payment duration are relevant.
• Recommend the most optimum loan amount & payment duration in accordance to rules and ranges predetermined from the USAID.
• Report all remarks about customers' financial abilities & necessary recommendation to the financial manager.
• Prepare data and analytical statistics after issuing loans' disbursements and deliver reports recommending the proper action.
• Follow up loans payments in order to ensure full credit control and avoid any scheduling or bad debt procedures.
• Accounting for Assets, liabilities, expenses and revenues.
• Recording daily journal entries, posting to general and subsidiary ledger, preparation of trial balance and Profit & Loss accounts.
• Responsible to secure full credit control of customers in accordance to their credit limits and amounts.
• Handling customers claims regarding their accounts obtaining the information and documents to support the amounts on the statements.
• Assist in negotiating and advising management on issues related to service and accounts agreements.
• Revise that all customers ( Individuals and Corporate ) are allocated the correct account No. and the group of companies are coded correctly.
• Co-ordinate the preparation of information and updated accounts reports for management.
• Assist with the development and implementation of policies and procedures to ensure efficient operation of the company.
• Update computer files and records for all the suppliers and customers every month on periodic basis.
Tasks And Job Responsibilities ( Within Company’s Consultant ):
• Investigate with relevant collectors reasons for not collecting debts.
• Monitor the amount and period allowed for each customer to pay.
• Prepare and deliver lists of approved clients with credit limits and terms.
• Daily report to the management on critical issues and weekly report a summary of all events related to customer debts in case of failure to respect credit conditions.
• Linkage between both Accounting and IT departments.
Assist Financial Consultant in:
• Designing company’s credit policy.
• Restructuring and computerizing the operations of both accounting and credit departments.
• Designing a computerized Data Base for debt aging and sorting of company’s receivables.
• Implementation of a new software to be able to track all accounts smoothly and efficiently.
• Training other accountants on usage of the new software.