Senior Bank Relation & Accounting
Al Rajhi Steel Company
Total des années d'expérience :20 years, 5 Mois
Bank Accounts Experience
o Reconciliations - Dealing with more than 20 bank statement contain more than 5000 thousand movement of deposit and withdraw
o Short Loans - Reviewing and audit documents with making sure of correct rates token as per banks contracts, Record entries required.
o Reconciliations - Dealing with more than 20 bank statement contain more than 5000 thousand movement of deposit and withdraw
o Short Loans - Reviewing and audit documents with making sure of correct rates token as per banks contracts, Record entries required.
o Long Loans - Reviewing and audit documents contain (Bank Rate + Bank Sibor) with following installments payment, Record entries required.
o Current Portion of liabilities - Calculate the current portion of long loans as per financial standards, Record entries required
o Notes Payable - Reviewing and audit documents contains rates and profit in case of types (Murabha, Tawaroq), Record entries required
o Documentary Credit - Reviewing and audit documents contains terms and condition, Matching LC application with Purchasing Order, Calculate opening expenses as per SAMA instructions, Record entries required
o Letter of Guarantee - dealing with almost types of LG letters such as (Bid Bond, Performance Bond, Advanced Payment, and Warranty Bond), Record entries required
o Cash Against Document - Reviewing and audit documents, Making sure of Validity of Payment Terms with P.O, Record entries required
o Accrual Profits - Calculated monthly by fair value
o Prepaid Expenses - Results from issued LG and opening new line of facility bank contract, calculated monthly by fair value
o Cash Investments - Reviewing and audit documents provided contains the profit gain in the period determined in deal, Record entries required
Reports prepared In This Field
o Bank balances
o Due Obligations of Notes Payable
o Due Obligations of Short Loans
o Due Obligations of Long Loans
o LC Balances
o CAD Balances
o Financial Burdens
Treasury Relation & Operation Experience
o Delivery terms - Good knowledge with almost of delivery terms and share opinion of the best term for shipment direction
o LC Import - fill all required details, following with bank, awareness of any amendments required
o Shipping Guarantee - prepared letter of shipping guarantee, following bank to take procedures, provide letter to logistic and keep following till refunded
o Exchange Rates - negotiation with banks to get best rates
o LC Export - Responsible in prepared collected invoices and other document according to Lc condition to avoid any discrepancies could be happened, following collection amount till receiving
o Facilities Contracts - review condition and other terms with analysis all commitment such as financial covenants & financial information
o Negotiation - develop relations with banks decision maker to get highest limit of facilities and lowest margin
o Investments - Dealing With banks To Use cash surplus in Direct Investment as available
o Early payment - as of available cash daily can make saving by this step
Reports prepared In This Field
o Cash Plan
o Due Amounts Under Collection
o Total Earning from Exchange Rate transactions
o Total Earning from investment in deposits
o Available and Utilization of credit facilities
o Comparison of Bank facilities In details
General Experience In current Job
o Check and review nature of accounts in trial balance, Adjust un-normal Account balances
o Preparing Income Statement
o Sharing in preparing balance sheet
o Sharing in preparing annual budget
o Good knowledge in stock control transaction
o Good knowledge in credit and debit accounts
o Good knowledge in credit facilities contract
Training & Skills
o IFRS Training For 24 Hours Provided From KPMG Office
o Super User In Oracle Financial Application
o Super User In Motammem Financial Application
Responsible of all suppliers payment
Responsible of breakdown debit and credit accounts
Preparing salaries report
working as stock controller
Dealing with Banques
Bachelor of commerece 2003, Accounting Section, CAIRO university. Egypt