Treasury Department Supervisor
Mantrac Group
Total des années d'expérience :20 years, 3 Mois
• Determines all duties for the subordinates
• Supervises and reviews all duties performed by the subordinates
• Directs and controls contacts with Banks, Financial Institutions or suppliers.
• Preparing and monitoring the refinance loan facility, promissory notes.
• Recommends actions to improve the insurability of Co. assets and follows up with the implementation of approved recommendations.
• Following up foreign currencies rates - financing company's foreign currencies funds.
• Negotiates with bankers service charges rates to get minimum rates.
• Coordinate with the group companies to arrange inter- company funding as needed.
• Prepare of management reports in different funding and treasury issues (Daily Bank position, Daily Facility utilization Report, Monthly Cash flow, Monthly Credit line report).
• Prepare the monthly bank reconciliation following month close for 36 banks.
• Review monthly interest and commission charges over bank statement for overdraft on-shore funding and report differences if any.
• Post monthly accrual interest.
• Prepares regular reports (Monthly list of Letter of guarantee, Daily Letter of guarantee Facility position).
• Maintains and updates related accounts.
• Monitors due dates for the Co. dues.
• Prepare Monthly Bank reconciliation.
• Review bank accounts and contact bank to correct errors and mistakes.
• Monitor the Monthly payment to suppliers and follow all the outgoing transfer with banks.
• Manage the day-to-day supplier payments with cost dept.
• Check wiring details with last transfers or with the issuing bank if needed.
• Coordinate with department assistant to issue bank transfer letters at the specified value date, amount, and currency.
• Ensure bank letters are received by concerned bank.
• Post the proper entry in “entry status “to show the running balances.
• Assist in reviewing the weekly payment report from accounts and compare it with the forecasted payments.
• On timely bases, review, “entry status” entries to clear them to the proper accounts based on related supporting documents.
• Follow up actual bank receipts through on-line system or received advised
• Prepare the monthly interest accrual sheet for off-shore funding and medium term loans.
• Prepare Letter of guarantees issued to other parties (supplier/customers) according to the required terms and conditions of each case
• Record the necessary control entries in books along with necessary allocation upon LG expiry.
• Maintain LG report by LG number, bank, amount, expiry date and update it regularly.
• Alert sales departments on expiry of letter of guarantees to take necessary actions.