Treasury Manager - Egypt & UAE
CEMEX
Total des années d'expérience :19 years, 6 Mois
• Cash Management
(Coordinating with different areas and reporting customer collected checks on daily basis - Reporting daily positions withheld at financial institutions - Monitoring the company’s available cash & over draft balances in an efficient/effective way in order to minimize financing cost and bank charges - Responsible for cash management transactions to insure the liquidity needed to meet obligations - Responsible for following up on payments to suppliers and ensuring that they are done on time - FX monitoring)
• Banking Relationship
(Maintainnig good relationship with financial institutions - Preparing any correspondence/instructions to banks, filing daily statements & correspondences - Negotiating lines and prices of bank facilities)
• Trade Instruments & Leases
(Responsible to handle more than 60 LGs and LCs as for issuance, conditions, expiry, amendments, charges, etc. - Responsible to bring lease offers, finalize the lease agreement with the lessor and monitor the lease terms)
• Working Capital
(In cooperation with other departments, responsible to find Finance solutions to improve the Working Capital with respect to A/R, Inventory and A/P)
• Reporting
(Daily cash position reports - Weekly cash flow forecasts - Monthly reports including Cash Balances, OD, Working Capital Movements, Leases, LGs, LCs, Bank Charges, etc.)
• Cash Management
(Coordinating with different areas and reporting customer collected checks on daily basis - Reporting daily positions withheld at financial institutions - Monitoring the company’s available cash & over draft balances in an efficient/effective way in order to minimize financing cost and bank charges - Responsible for cash management transactions to insure the liquidity needed to meet obligations - Responsible for following up on payments to suppliers and ensuring that they are done on time - FX monitoring)
• Banking Relationship
(Maintainnig good relationship with financial institutions - Preparing any correspondence/instructions to banks, filing daily statements & correspondences - Negotiating lines and prices of bank facilities)
• Trade Instruments & Leases
(Responsible to handle more than 60 LGs and LCs as for issuance, conditions, expiry, amendments, charges, etc. - Responsible to bring lease offers, finalize the lease agreement with the lessor and monitor the lease terms)
• Working Capital
(In cooperation with other departments, responsible to find Finance solutions to improve the Working Capital with respect to A/R, Inventory and A/P)
• Reporting
(Daily cash position reports - Weekly cash flow forecasts - Monthly reports including Cash Balances, OD, Working Capital Movements, Leases, LGs, LCs, Bank Charges, etc.)
• Booking all received invoices (foreign suppliers, some local suppliers, and affiliates)
• Processing payments (checks, transfers, dealing with internet banking)
• Inter-company confirmations on a monthly basis and settlement of disputes if any and handling the Cross Charging process.
• End of month required A/P & Inter-Company reporting.
• Preparing and booking of accrual entry and revaluation of open foreign balances.
• Preparing, booking, and reviewing the Amortization of Prepaid Expenses and the Depreciation of Fixed Assets.
• Focus person in the Finance Dept. for solving system (J.D. Edwards) issues with the system support consultant.
• Assisting the accounting manager in monthly closing by reviewing some TB accounts.
Booking all the A/R collections and its adjustments (W.taxes, Stamps, Retention, etc.)
• End of month reports required for closing (Aging, Customer Down Payments, Foreign currency effect analysis)
• Confirmations on A/R balances for at least 10 customers monthly and resolving disputes
• Previously responsible for the Cost Update process which has to do with updating the cost of inventory by freight, clearance, and all related expenses
• Previously responsible for the Bank Reconciliation