Senior Treasury Officer
Ali-Alghanim & Sons – Contracting & Retailing
Total years of experience :17 years, 11 Months
Treasury Management:
Annual enterprise & project cash flow budgeting, monitoring & reporting.
Core activity includes operational finance support, management & relationship building with bankers.
Continuous capital requirement planning & fund arrangement.
Fund planning and management including restructuring options.
Responsible for monitoring entire gamut of bank facility requirement for both cash & non-cash needs including day to day management of funds & other cash requirements.
Development & implementation of treasury policies & procedures.
Framing a comphrensive insurance risk management strategy.
Special entity and marketing reviews:
Business Plan preparation for variable marketing reviews in Asia Pacific & ASEAN Regions based on risk categorization & country specific risk.
Execution of variable marketing reviews across the region and identified significant cost control opportunities and internal control improvements around marketing spend.
Review of Controls around contractual obligations in pension asset managers.
Review of risk management framework established around Commodity & Foreign exchange hedges including Interest rate swaps.
Financial Reporting & Analysis:
Annual, Monthly Budgets & 5 Year Strategic Plan.
Quarterly forecasts with volume changes & other business changes.
Product profitability review & Ratio Analysis.
Analysis to support strategic decisions new product introduction or BU Re- Organization.
Cap-ex Analysis supporting the new product introductions and tooling.
Standard Hour analysis and the impact on costs
Financial concurrence analysis supporting Operational Pre-Buy & make (or) buy decisions.
Perpetual Inventory verification analysis & reporting.
Monitoring & Reporting on inventory write down’s.
Monitoring of checks and balances on usage of Operating Supplies & Consumables (Indirect materials).
Production Process & Operations Study:
Analysis of bay wise Actual output vs. Scheduled output and identified potential causes reducing the output in each shift.
Analysis of Material Pricing Mechanism by Weighing Physically certain batch quantities and matching the same with Standards fixed for pricing and identified significant variances in certain batches especially in Alloy related materials. This exercise resulted in savings approximately ( Potential Savings USD 30, 000)
Bill of Material Reconciliation (in house & sub-contractor stock) with standards & identifying abnormal variance and its impact on raw material costs with additional burden on rework time & costs.
Purchase Operations & Business Improvement Study:
Identification of critical supplier & sub-contractor lead times and its impact on production delays resulting in loss of time and increased unabsorbed product costs.
Review of entire Supply chain management process and identifying weakness in alternative supplier strategy, market share maintenance, pricing revision procedures, governance of dies and patterns at sub-contractor end.
Conducted In-depth study on Accounts Receivable & Warranty Costs to identify the potential areas of risk. (Potential Savings USD 35, 000)
Suggested cost savings with respect to Logistics when the company was air-lifting the materials even though they were avoidable. (Potential Savings USD 100, 000).
Valuation of Inventories specific to project financing for a large nuclear reactor engineering company
CA as per The Institute of Chartered Accountants of India
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