Senior Treasury Manager
Huawei
Total years of experience :11 years, 7 Months
Managing Huawei Saudis Liquidity & Cash requirements. Managing local bank relations and communicating with the banks when required. Handle bank account opening and managing authorized signatories according to company guidelines. Managing E-Banking platforms (opening E-Banking services for company, adding users, removing users) Handling Bank KYCs and required updates. Working and closely monitoring cash plan forecasts. Handling LC (Export LCs, amendments & presentation) & LG (Issuance, amendment & cancellation.)
Managing group cash requirements using various cash management products. Monitoring lines utilized. Inter-group transfers.
MTL, STL, PPFL & LCRFL processing. (Issuance, Settlement & Rollover) Issuance of LGs (Bid Bond, Performance Bonds, Payment Guarantees, etc.) Prepare monthly utilization reports(Funded & Non-Funded)
Masdar is one of the leading building materials company in the kingdom, with more than 150 showrooms in various cities and towns and 40 branch operations. ERP - SAP
Job Description
Responsible for companys cash management, bank accounts, payments, GL accounts and end to end bank related queries. Responsible for all the transactions made in foreign currencies by purchasing currencies directly through treasury division of bank. Prepare weekly cash flows to ensure eficient cash management and suficient funds for revenue items, capital budgets and major project plans To assess and obtains loans on behalf of the company when deemed necessary by preparing request and coordinating with the banks. To ensure timely month end closing of bank transaction and to book all bank charges/commissions/interest/sweeps/POS charges in relevant GL accounts. Calculating loan interest accruals. Supervising & maintaining the E-banking system of our company by adding and deleting users and assigning user roles as required. Amending Authorized Signatories Matrix as required. Preparing all payments (Cheques/Bank Transfer) towards suppliers/vendors. Supervising the petty cash for all the region and the head ofice by ensuring timely reimbursement and proper booking of expenses. Responsible for uploading and booking employee payments (salaries / vacation dues / loans etc.) Responsible for maintaining incentives to sales staf by uploading to the bank and booking it timely. Handling payment issues like funds not received by vendor bank account, payment sent to wrong bank, etc. Perform bank reconciliations - reconciliation of the bank statement against the GL and reconciliation of any assigned clearing accounts. Respond to audit inquiries in a timely manner; as required, coordinate directly with banks to clarify adjustments or items on the bank statements in order to reconcile activity or properly code it; liaise with auditors to confirm bank balances as of a certain date. Preparing memos, letters, reports and additional documents, by means of word processing, spreadsheet. Scheduling and attending meetings with banks and ensuring that actions are taken. Forwarding the vendor requests to specialized teams internally to update and modify the details in our records. Verifying and coordinating with retail team for any agreements being disputed by the vendors. Reconciliation of the overall statement if vendor asks the status of Invoices, and ensuring the accounts for both the GL match. Active and systematic organization of events within the agreed timeframe.
Masters of Business Administration specialization in Finance
Bachelors of commerce