SENIOR TREASURY OFFICER & TREASURY MANAGER
VISTAS GLOBAL WLL - QATAR., WORK FOR BACK OFFICE, UDUPI
مجموع سنوات الخبرة :21 years, 2 أشهر
Establish relationship with banks & acquiring facilities BG / LG / LC / STL /MTL and including bills discounting for which negotiate best rates and minimum finance cost.
Compliance with banks statutory requirements. i.e., in-house/audited financial/cash flow statements/project assignments and legal documents associated with banking facility requirements.
Preparation of projected cash flow for Company and BU levels as well as projects.
Review of Budget & Actual data for the current month and next 2 months projection.
Analysis of the short/ excess collections against plan.
Assisting SBU in making an action plan for faster collection of over dues.
Minimization of Provision on bad and doubtful debtors.
Monitoring and arranging monthly statutory payment i.e., VAT, WHT and GOSI etc.
Maintaining cash liquidity for day-to-day operation, and daily update of cash & bank position to the management, including status of facility utilization.
Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
Analyze costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans.
Conduct reviews and evaluations for cost-reduction opportunities.
Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
Manage the preparation of the company’s budget.
Liaise with banks & auditors to ensure appropriate monitoring of company finances is maintained. Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
Oversee all accounting activities including AR, AP and General ledger and ensure all reports are accurate and in line with company guidelines.
Preparation of budgets, forecasts and plans and monitor performance
Help for further the development of the ERP system and train the staff to be used to their full potential.
Evaluation of accounting and internal control systems and periodical assignments to evaluate the effectiveness, efficiency, and accuracy of Management Accounting Information.
Establish the framework for the preparation of annual/ semi-annual financial reports.
Coordinate with Auditors for annual Audit / Zakat matters.
Performing financial feasibility studies for the new projects.
Analyze company operations to pinpoint opportunities and areas that need to be reorganized, downsized, and outsourced or eliminated
✓ Verifying and approving transaction made by the accountants those who responsible for A/P, A/R, Inventory and Fixed Assets. ✓ Evaluation of accounting and internal control systems and periodical assignments to evaluate the effectiveness, efficiency, and accuracy of Management Accounting Information. ✓ Preparation of budgets, forecasts and plans and monitor performance
✓ Liaise with banks for facilities, STL /MTL and LCs and LGs. ✓ Help for further the development of the ERP system and train the staff to be used to their full potential. ✓ Preparation of Financial Audit Reports and related schedules / closing quarterly financial accounts as well.
Duly in charge of direct GL related transaction journals (i.e., reviewing of monthly UNBILLED (WIP) report accordingly create a JV; G&A cost allocation JV to projects; monitoring of recurrence journal vouchers and month end Inventory Adjustment JV etc.)
Coordinate with inter-group finance departments to maintain up to date reconciliation of inter-groups accounts.
Coordinating with project managers and commercial/estimating staff for timely issuance of progress billing as per the project plan and in accordance with client’s contract.
Follow-up the collection as per A/R ageing as well as advance payment invoice towards new projects timely manner
Review the monthly performance report prepared by the PMD and establishes the necessary Revenue and WIP entries accordingly.
Coordinate with other departments and divisional heads for the issues related to projects as well as overhead cost.
Preparation of variance report where the cost incurred more than budget.
Prepare analytical MIS to management for the monthly financial review meeting.
Prepare monthly balance sheet with annexure to the management.
Liaise with banks for LC, LG and STL and External Auditors etc.
Fully in charge of yearend audit and entire analysis of balance sheet accounts and schedules to external auditors.