Senior Treasury Accountant
Avon Cosmetics Egypt
Total des années d'expérience :18 years, 1 Mois
- Overseeing daily treasury and banking activities.
- Monitoring and follow up on bank accounts transactions. Performing bank reconciliations.
- Managing relationship with partner banks.
- Issuing, recording and follow up of all local and foreign currency disbursements.
- Monitoring and management of foreign currency transactions and importation stream.
- Balance sheet reconciliations of banks and treasury GL accounts.
- Reporting of treasury position and highlights on daily, monthly and quarterly basis.
- Cash flow reporting, analysis and forecasting.
- Recording and monitoring of Inter-company transactions and their settlements.
- Ensuring that all processes and SOX controls related to treasury are in compliance with Global policies.
- Handling internal and external audit requests related to treasury and inter-company transactions.
Promoted to segregate treasury activities from accounting ones, and to establish Treasury and Corporate Finance Department as a separate function reporting directly to the local CFO.
Key Contributions:
Created the team: Defined the scope of work, team tasks, objectives and internal procedures. Hired, trained and developed treasury specialists.
SAP development project: Analyzed the then-available SAP module in what concerns treasury accounting, and lead several developments on SAP (with IT) for process automation and enhanced reporting.
Optimized banking portfolio: Developed and maintained an effective operational network with key banks to ensure smooth operations and harness opportunities.
Enhanced the process: Changed the process of executing the companies’ payments and introduced electronic and paperless methods. Optimized the accounting cycle for treasury transactions on SAP.
Cash Management: Developed centralized treasury method for managing cash and optimizing the allocation of the companies’ funds.
Managed the companies’ portfolio of financial funds: cash and bank accounts.
Managed and negotiated loan and facilities contracts with the banks.
Ensured availability of adequate funding and facilities to meet current and future business needs in both local and foreign currencies.
Provided solutions to overcome foreign exchange problems and minimize their risk.
Validated the companies’ payments and banking documents.
Monitored of day to day cash flow positions, ensuring smooth execution of the companies’ banking operations.
Prepared and developed financial position and cash flow reports on actual and forecast basis.
Planned and provided training for treasury staff.
Accumulated several different roles within the financial area, as bank accounts management, financial accounting, account analysis, and forecasting; reporting directly to the local CFO.
Main Responsibilities:
Prepared the monthly “flash” report for the cement companies: analysis of monthly activities and key figures, main performance indicators, estimates for income statement accounts, their comparison with budget and previous year.
Prepared daily and monthly reports of the companies’ financial position.
Determined and executed allocations of the companies’ excess cash, calculating and recording related interests.
Analyzed short term foreign currency needs, and acquisition of such funds.
Calculated the annual dividends amounts, and undertook the necessary procedures for their announcement and payment. Handled all shares transactions as well as the relationship with the companies’ shareholders and Stock of Exchange.
Followed up on all intra-group balances and their regular settlement.
Monitored loans and facilities movements and recorded the related transactions.
Prepared and recorded payments by transfers and certified checks, answered suppliers’ inquiries and followed up on related issues.
Issued the companies’ LGs, reviewed CAD payments, LCs, and other banking transactions.
Oversaw the daily banking transactions and relationship with Banks.
Assisted in preparing the minutes of Board of Directors’ meetings, and the Board’s annual report, as well as their translation to Arabic.
Assisted the Company’s CFO in other various financial matters.
Collected & cleared historical data for sales and trade marketing activities.
Adjusted sales items’ descriptions on the company’s database.
Ledger and sub-ledger analysis; and Journal ledger entries;
Recorded short term and long term advances;
Checks' vouchers separation;
Calculated wages for hourly-employed labor.
Reconciliation of local and foreign correspondents' accounts.
Recorded in the documented register of the Daily Journal.
Assisted in preparing Reserve and Liquidity ratios.
Filing and archiving.
Reconciliation of local and foreign correspondents' accounts.
Recorded in the documented register of the Daily Journal.
Assisted in preparing Reserve and Liquidity ratios.
Filing and archiving.