Officer Treasury
Tapal Tea Private Limited
Total years of experience :8 years, 5 Months
, reporting to Manager Treasury/CFO.
•Managing Investments of over 10 billion PKR. In various instruments.
•Ensuring Roll overs of Term Deposits Negotiating rates and making investment decisions.
•Maintaining PIBs and their timely accruals and amortization.
•Preparing Schedules for Interest Income reconciling GL’s
•Keeping track of Accrued income.
•Maintaining Daily Cash Collection Report.
•Managing Fund position on a Weekly basis.
•Preparing Forecast Cash position on weekly Intervals.
•Managing cashflow, and liabilities.
•Preparing Budget Forecast for Finance department.
•Advising the management on diversifying investment Risk.
•Communicating with banks negotiating foreign exchange rates, bank charges etc.
•Maintaining Import Payments outstanding and their timely processing to avoid demurrage.
•Developed a comparison of investment over the years made by the company and their returns.
•Preparing comparisons and presentations for Senior Management on Mutual funds and their returns.
•Maintain effective liaison with local and State Bank, ensuring compliance with regulatory stipulations for Foreign Payments
•Proposed investments proposals with higher returns. Which was accepted by Senior Management.
•Getting Approvals for foreign payments answering queries raised by State Bank.
•Managing/Processing of foreign currency payments via banking channels.
•Processing vendor payments/staff refunds.
•Implemented Cash Management System on SAP.
•Implemented Cash Forecasting reports on SAP.
•Implemented Automation of Receivables recorded (Region wise)
•Preparing Daily Fund Position and Bank reconciliation of 20+ accounts through SAP.
•Negotiating exchange rates for Import Documents and maintaining LC Limits.
•Preparation of documents for Bank Guarantees.
•Ensuring idle funds are invested timely, while simultaneously ensuring sufficient funds are available if and when needed. (idle fund Management)
(MTO) and was assigned with following responsibilities:
•Administering everyday operations for managing accounts according to company procedures.
•Evaluating accounts payable, ensuring timely payments and Invoice recording.
•Maintenance of accounts receivables and their proper aging.
•Maintenance of General Ledger and Reconciliations
•Preparation of Automated bank reconciliations in SAP and simultaneously preparing daily Fund position for senior management’s decision making.
•Assisted in preparing Budget for the year and Forecast.
•Assisted in preparing Projected Financial statements.
•Compilation of details required for Withholding Income tax and Sales Tax audit.
•Communication with Banks regarding placement of TDRs maintenance of their records and Profit calculation.
•Screening of Tax Notices and resolving FBR notices by providing required Data.
•Took part in Tax audits for the company resolving queries and making reconciliations with Tax Ledgers.
•Asset Capitalization through SAP Investment Module.
•Actualization of Cost Sheets and recording stock In-Transit.
•Preparing funded and non-funded Facilities position in a one page format.
•Filed Weekly Income Tax, and monthly returns on IRIS and ensuring compliance with tax laws
•Uploaded financial accounts on DIVA system software used by our Partners at Toyota Boshoku Japan.
•Co-ordinated with Internal and External auditors.
•Preparation of Cost sheets/Cost comparisons for different products.
•Performing process improvement assignment as delegated by senior management staff.
•Preparation of Group Committee Meeting Presentation and Meeting Hand Book for Senior Management.
•Took part in verification Assets/Inventory (Book to floor & Floor to book)
•Implemented Daily Operations Report through SAP
•Making Provident fund certificates.
•Handling Petty Cash
•Preparing and monitoring Credit limits of Customers