Group Treasury Manager
Haka Group
Total years of experience :11 years, 10 Months
• Manage, oversee, and monitor daily operations and cash management related to the group treasury function and operation including (but not limited to) cash pooling, financing, rollover/recycling, foreign currency risk identification, and/or mitigation
• Optimize cash management and take the necessary actions to ensure liquidity through internal and external resources
• Develop, manage, recommend, and anticipate treasury and banking products requirements in terms of short/ long term and projects financing (Service, Contracting, Trading, Real Estate Development)
• Identify the source of funds, negotiate and close deals with the most appropriate source
• Develop and implement short/long-term cash flow forecast: Weekly, Monthly, and 12-Months Rolling Cash Flow and/or Project Life
• Handel, develop, and manage, all communications with the banks and create effective relationships with banks and financial institutions
• Suggest any adjustments or amendments related to the followed treasury/ banking procedures and regulations that would enhance work efficiency
• Identify cost-saving opportunities from Treasury & Banking perspective.
• Implement internal control systems to ensure accuracy and adequacy of treasury/ banking records and documentation, including appropriate procedures, manuals, and standard practice instructions, and avoid overreliance on bank funding
• Ensure that instructions, circulars, and organizational/technical decisions are followed and applied.
• Prepare periodic reports with respect to the Group Treasury function's activities and achievements to be submitted to the direct supervisor
• Legal Documentation Coordination/Filing/Reporting
• Internal Control and Audit for Treasury
• Manage, oversee, and monitor daily operations and cash management related to the group treasury function and operation including (but not limited to) cash pooling, financing, rollover/recycling, foreign currency risk identification, and/or mitigation
• Optimize cash management and take the necessary actions to ensure liquidity through internal and external resources
• Develop, manage, recommend, and anticipate treasury and banking products requirements in terms of short/ long term and projects financing (Service, Contracting, Trading, Real Estate Development)
• Identify the source of funds, negotiate and close deals with the most appropriate source
• Develop and implement short/long-term cash flow forecast: Weekly, Monthly, and 12-Months Rolling Cash Flow and/or Project Life
• Handel, develop, and manage, all communications with the banks and create effective relationships with banks and financial institutions
• Suggest any adjustments or amendments related to the followed treasury/ banking procedures and regulations that would enhance work efficiency
• Identify cost-saving opportunities from Treasury & Banking perspective.
• Implement internal control systems to ensure accuracy and adequacy of treasury/ banking records and documentation, including appropriate procedures, manuals, and standard practice instructions, and avoid overreliance on bank funding
• Ensure that instructions, circulars, and organizational/technical decisions are followed and applied.
• Prepare periodic reports with respect to the Group Treasury function's activities and achievements to be submitted to the direct supervisor
• Legal Documentation Coordination/Filing/Reporting
• Internal Control and Audit for Treasury
• Daily Cash-Management, optimization and supervise all aspects of cash flow
• Forecast daily and weekly cash position and execute daily financing decisions
• Determine the Company’s goals and risk tolerance
• Meet with cash management banks to plan cash management vs. Company’s needs
• Prepare or monitor the company’s various cash flow forecasts and perform financial modeling
• Evaluate, develop and implement cash management systems to optimize efficiencies
• Manage, direct, and develop Cash Management staff
• Manage relationships with financial service providers like banks and others
• Elicit and analyze proposals for banking facilities and financing services
• Monitor bank service fees, address quality issues and regularization request
• Provide everyday cash position, estimate and analysis
• Understand and manage appropriate accounting procedures and processes.
• Streamlined the integration of Treasury and Accounting activity with the general ledger
• Manage Credit Lines, Letters of Credit, and Guarantees
• Corporate and project cash flow forecasts (Long/Short Term) and forex position
• Provide technical and other support for projects as needed
• Legal Documentation Coordination and Reporting
• Recommend, implement and maintain process improvements
• Internal Control and Audit for Treasury
• SAP ERP Implementation main user and focal point for Treasury Department
• Issuing, following up, and monitoring Letter of Credit
• Issuing, following up, and monitoring Letter of Credits Refinance
• Issuing, following up, and monitoring Letter of Guarantees
• Following up with the banks trade operation team for submitted application
• Bank Booking Entries and Reconciliation through Microsoft Dynamics
• Internal Control, Procedures, and Audit for Treasury
• Reporting to Auditors related LC /BG related reports with Approval of Concerned Authorities
Daily Cash-Management through Treasury Work-Station “Diapason”:
- Cash-management/Reconciliation and Cash Optimization (Cash Pooling / Funding)
- Bank Fees checking and regularization request with banks
- Account Receivable Management
- Money Fraud Correspondent
- Third Party/Vendor Payment Campaign Supervision:
i) Approval reports running and diffusion
ii) Working Capital Management
iii) Checking of Suppliers Details, Invoices, Due dates, and Timetable
Bank Booking:
- Preparation of the set of reports for Bank booking
- Project Bank Balances Reconciliation Diapason/Bank Accounting (Excel, then ERP System “JEEVAN-IFS”)
Corporate Reporting:
- Cash and Debt Reports (Hyperion Planning GTR) and Actual follow-up
- Cash Flow Forecasts and Forex position:
1) Consolidation/Coordination with the Region(s)
2) Project Bank balances follow-up
3) Issued guarantees management (Trading and Back-Office/ Reporting)
4) Legal Documentation Coordination/filing/Reporting Internal Control for Treasury and Issued Guarantee matters
Bachelor of Economics and Administrative Sciences Major - Accounting graduate with GPA of (Very Good) 78.1 %