Regional Treasury and Working Capital Manager
Iqarus Healthcare
Total des années d'expérience :9 years, 8 Mois
• Managing a team of 4 accounts payable clerks.
• Ensure timely availability of group liquidity, debt and bank reconciliation reports.
• Implementation of Authority Limit Matrix and controls for smooth running of the P2P process.
• Forecasting short term cash flows and provide key inputs into the medium and long term cash flow forecasts.
• Preparing accruals and prepayment schedules for month end close.
• Cost control initiatives to reduce direct costs specific to freight
• Reviewing daily and monthly payments, royalty fees to the principal brands, monthly key vendor reconciliations, lease contract payments, and petty cash reimbursements for over 20 stores across Dubai, KSA and Turkey.
• Managing relations with suppliers/ principals for brands such as Hamleys, Pylones, Oscar Dela Renta, House of Fraser, etc.
• Analyzing Profit &Loss variances and detailed review of revenue and cost transactions
• Reviewing the balance sheet accounts, reconciliations and preparing associated balance sheet notes
• Controlling Subsystems including client receivables & DSO reporting, fixed assets, payroll and inventory
• Controlling and preparing general ledger entries including prepayments, accruals, allocations, etc
• Forecasting and budgeting
• Responsible for adhoc reporting, analysis or projects as required.
• Contribution towards external audit and other compliance requirements
• Effective implementation of the P2P process.
• Effective implementation of ‘three way match’ for supplier payments.
• Managed a team of 4 members & was responsible for managing the day to day workflow, escalations, process improvements, etc.
• Effective upload tool implemented & supplier training for payments to suppliers with bulk invoices.
• Creation and implementation of electronic remittance advices in collaboration with the (Epicor) ERP Team.
• Implementation of the Authority Limit Matrix for approvals of NON PO Invoices.
• Managing and reviewing the monthly Bank Reconciliations for up to 30 bank accounts.
• Creation of a cash flow forecast tool for weekly review with the CFO.
• Managing and maintaining Bank relations including daily correspondences, trade requirements, debt management, updating of bank mandates quarterly, etc.
• Liaise with banks for Bonds& Guarantees issuance and other Trade requirements for Oilserv across Middle East & North Africa region.
• Managing cash flow requirements across all locations of Oilserv.
• Part of the Internal Audit team for implementation of ISO 9001 & ISO 14001.
Click to edit position description• Involved in consolidation (global) of financial results for intercompany transactions. Also ensuring intercompany differences are within a specific range ($100k) for quarterly reporting.
• Timely reporting of financial procedures (for intercompany) in accordance with pre-established deadlines.
• Analyze investments (Inventory, Days Sales Outstanding).
• Assist with adhoc reporting, analysis or projects as required.
• Liaison with Internal Audit or PwC for effective completion of audits.
• Assessing business trends, developing the causes of business issues & identifying opportunities for improved efficiencies.
• Liaising with banks for Bonds & Guarantees issuance for all MEA countries
• Coordinate with the Schlumberger Financial Hub for Liquidity & Cash Management
issues for MEA region for up to 52 bank accounts.
• Work with the area Treasurer and analysts to manage bank relationships in the Middle East.
• Actively involved in streamlining the accounts payable module by being the link between Schlumberger suppliers & outsourcing company - Accenture. Also involving answering supplier queries, supplier reconciliations.
• Key contribution in enforcing electronic submission of supplier invoices, to progress towards an eco- friendly work environment/paperless office.
• Ensuring timely approval of supplier invoices to initiate timely payments - PRT (85% - Pay On Time rate in 2011)
• Processing and booking of intercompany transactions, AP & AR invoices on SAP
• Handling the processing and payments of employee business claims for employees in five SLB locations globally (Aug - Sep10). Supporting the migration process to KL Finance Hub until December2011.
• Processing of yearly ISPS (Intl Staff profit share) payouts to employees.
• To follow up & collect all overdue customers.
• Handling calls/ contacts & following up on customer’s commitment to pay.
• Identifying un-contactable customers & redirect these to take appropriate action such as filing visits.
• Meeting targets set by the collections department, and acting on the timely reports and allocations.
• Answering customer queries, forwarding supporting documents such as invoices, contracts, &purchase orders.
• Managing receivables from customers and payments to vendors using accounting software’s like QuickBooks & Peachtree.
• Working with the BPO (Business Process Outsourcing) team for reconciling the petty cash of various clients.
• Updating and maintaining employee information on the payroll software, HR Scan.
• Updating & maintaining a timely record of auditors allocated working hours, budgets for clients on, a time management software, Core time.
High Distinction - Deans Merit List Student