Treasury Analyst
H2O Concepts LLC
Total des années d'expérience :20 years, 1 Mois
Treasury Functions
Cash Flow forecast and Liquidity Management
• Prepare cash flow forecasts and build early warning signals to ensure cash equilibrium is maintained at all times
• Continuously monitor bank balances and optimise effective utilisation of funds and at optimal costs.
Trade instruments - Business support
• To ensure timely opening of import letters of credit as per requirements and based on purchase plans.
• Reviewing Export Letter of Credit documents for timely negotiation with banks
• Import and Export LC Documentation and follow up the proceeds of LC
Project Support
• Maintain project wise cash flow to track and control funds and action timely measure.
• Arranging of insurance policies as per client requirements. (EAR, TPL, WMC )
• Arranging bank guarantees (Tender bond, Advance payment bond, Performance & Retention bond)
Foreign Currency exposure
• Assessing foreign currency exposure of business units on a continuous basis and ensuring compliance of organization’s hedge Policy.
• Foreign exchange rates hedging and forward contracts.
Banking Facility
• Identifying and initiating fund based and non-fund based banking facility requirements for the business units with group treasury as per business plan and reviews
• Ensuring banking facilities are optimally utilized, by minimizing cost of funding.
• Maintain and track AED 25 Million credit line import facility with bank.
• Responsible for all documentation provision to bank for renewal of facility annually.
• Maintain a log for import bank loans with details and calculation of interest up to due date.
• Expertise in Cash management, utilization of funds available in early settlement of import loans to avoid interest.
• Liaise & negotiate with banks and customers to open Bank guarantees (APG, TEB & PEB) LCs, etc.
Accounting Functions
Account Receivables and Credit Control
• As a credit controller review and assign credit limits, file a legal case against defaulters
• Evaluating Customer Quotes on Payment terms and conditions and provide recommendations.
• Ensure adherence to accounting standards and enforce them during audits of billing.
• Plan, manage, coordinate and implement the year end closing processing for the accounting records
• Ensure that all customers’ accounts are fully reconciled
• Ensure that statements of accounts are sent to customers monthly.
• Raising invoices to clients, revenue recognition based on percentage of project completion.
• Ensuring that all accounts are maintained and are kept within their credit limits
• Issuance of statements to customer & Customer account reconciliations
Account Payables
• Manage and monitor implementation of policies, procedures and controls relating to matching & approving of inventory supplier invoices and Non goods supplier invoices
• Responsible for allocation of supplier account responsibilities to the direct reports for booking/matching invoices.
• Responsible for ensuring suppliers are paid on/before due date for all companies.
• Ensures accurate recording of all invoices and credit notes.
• Ensures appropriate allocation of all prepayments made to suppliers.
• Ensures escalation of all reconciling items per the escalation matrix.
• Ensure adherence to book closure procedures and timelines and responsible for AP period closing
• Negotiating payment terms with overseas suppliers in line with client payment terms
• Assessing validity of supplier invoices, matching with receiving reports and approving for payment
Reporting, Analysis, Reconciliations & Related Party Transactions
Account Receivables and Credit Control
• As a credit controller review and assign credit limits, file a legal case against defaulters
• Evaluating Customer Quotes on Payment terms and conditions and provide recommendations.
• Ensure adherence to accounting standards and enforce them during audits of billing.
• Plan, manage, coordinate and implement the year end closing processing for the accounting records
• Ensure that all customers’ accounts are fully reconciled
• Ensure that statements of accounts are sent to customers monthly.
• Raising invoices to clients, revenue recognition based on percentage of project completion.
• Ensuring that all accounts are maintained and are kept within their credit limits
• Issuance of statements to customer & Customer account reconciliations
Account Payables
• Manage and monitor implementation of policies, procedures and controls relating to matching & approving of inventory supplier invoices and Non goods supplier invoices
• Responsible for allocation of supplier account responsibilities to the direct reports for booking/matching invoices.
• Responsible for ensuring suppliers are paid on/before due date for all companies.
• Ensures accurate recording of all invoices and credit notes.
• Ensures appropriate allocation of all prepayments made to suppliers.
• Ensures escalation of all reconciling items per the escalation matrix.
• Ensure adherence to book closure procedures and timelines and responsible for AP period closing
• Negotiating payment terms with overseas suppliers in line with client payment terms
• Assessing validity of supplier invoices, matching with receiving reports and approving for payment
Reporting, Analysis, Reconciliations & Related Party Transactions
• Prepare monthly management reports and accompanying schedules.
• Bank and all ledger account reconciliations.
• Ensure that all Intercompany customers’ and suppliers’ accounts are fully reconciled
• Verification and reconciliation for Intercompany invoices and balances and balances.
• Preparation of inter-company reconciliations and the resolution of outstanding.
Develop Inter departmental process & policies for smooth business operations in H2O Concepts LLC
•Increase AR Turnover ratio by 40% due to effective credit policy and continuous follow up.
•Recovered over AED 1 million bad debts in H2O Concepts-current employer.
•Best employee Award, Xianle Health Products, & H20 Concepts LLC DUBAI UAE.
Responsibilities/Jobs Accomplishments
Majors in Accounting Business communication Auditing Business law