Treasury Section Head
Dakahlia Group
Total years of experience :23 years, 10 Months
•Forecast cash flow positions, related borrowing needs, and funds available for investment
•Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
•Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
•Maintain banking relationships
•Maintain credit rating agency relationships
•Arrange for equity and debt financing
•Invest funds
•Invest pension funds
•Monitor the activities of third parties handling outsourced treasury functions on behalf of the company
•Advise management on the liquidity aspects of its short- and long-range planning
•Oversee the extension of credit to customers
•Maintain a system of policies and procedures that impose an adequate level of control over treasury activities
•Ensures treasury management reports, agreements and all other required documentation are reviewed and stored for record keeping
•Provides recommendation to enhance treasury policies and procedures
•Undertakes other related tasks and duties as assigned by Treasury Management
Everything about cash management flows in and out in best ways of lower cost and gains better ratings for funds.
Preparing, monitoring cash flow forecasts according to budget plans.
Studying new investments.
Conducting negotiations with banks and leasing companies to get the best offer to finance the working capital operations and new investments.
Determine the most suitable credit policy (CCC) according to the market and cashflow plans.
Prepare and review bank operations (transfers, LC, LG, etc.)
Prepare and review bank position.
Monitoring bank credit lines, Expenses (interest, commissions, etc.)
Preparing & renewing Credit facilities files.
Preparing & reviewing cashflow on weekly and monthly basis.
Using Microsoft Dynamics AX & 365.
supervising bank reconciliations over 15 banks
supervising bank operations (transfers, lc, lg, ..etc)
monitoring bank position.
monitoring bank credit lines, expenses (interest, Commissions, ..etc)
preparing&renew Credit facilities files.
preparing & reviewing cash flow monthly
1. Monitoring and ensuring monthly reconciliations for accounts payable.
2. Preparing payments to supplier after insure payment paper is completion.
3. Maintaining records and analysis for suppliers and reconcile monthly with them.
4. Participation in preparation of sales tax report.
5. Using SAP ERP system.
6. Participation in preparation of financial statement.
7. Performing other duties as assigned
1. Daily monitoring accounting transactions.
2. Preparing cash flow and forecast statements.
3. Monitoring and ensuring monthly reconciliations for accounts payable& banks.
4. Following up cost accounts and analyzing the variances between actual and budgeted expenditure.
5. Preparing and implementing audit process.
6. Assisting with preparation of financial statements.