Trading Executive
Al Khaleej Sugar
مجموع سنوات الخبرة :22 years, 1 أشهر
Al Khaleej Sugar, JAFZA
(Hedging commodities to prevent losses to due price fluctuations, accounting and reconciliation)
Trading Executive (Sugar Trading): 2006-2009
• Valuation of Exchange Forward contracts and OTC derivatives.
• Cost computation of Imports of sugar.
• Managing import schedule with suppliers.
• Reconciliation of invoices to ensure billing is as per quality specifications.
• Preparation of cash flow statements.
• Preparing budgets and comparison with actual results
• Preparation of various MIS reports by collecting information of selling prices and volumes traded in international markets and comparing company's performance.
• Preparation of trial balance and Balance based on Hedge account ting basis and comparision with the same prepared on Financial accounting basis.
• Back office accounting of Futures and Options trades done through various brokers.
• Maintaining broker-wise positions to monitor initial and variation margin exposures..
• Resolving queries raised auditors to complete financial audit.
• Calculating un-hedged stock exposure and hedging the same on exchanges.
• Unwinding the hedge by Roll-Overs and Spreads.
• Making OTC derivative agreements using price caps and options with suppliers..
• Preparing and submitting daily risk analysis report to higher management.
Daman Investments PSC, Dubai
(Initial setup of brokerage firm, systems implementation, operating procedures, risk management)
Finance Manager: 2002 - 2006
• Finalisation of P/L account and Balance Sheet, Cash flow and Budget preparation.
• Bank Liasion for financing and trade finance documentation.
• Inventory and Payroll management management.
• Cost analysis, Working Capital management and financial advice to management
• Maintain compliance systems, controls and regulatory reporting for DFM and ADSM
• Authorized signatory for ESCA reports.
• Pre-clearing transactions and ensuring there are no conflicts with the rest of the group.
• Maintaining the integrity of the accounting records focusing on the generation of cyclical risk management information based on financial records with the purpose of quantifying risk exposure in trading activities.
• Implement Group accounting policies and procedures focused on performance reporting and forecasting.
• Development management information systems, cash-flows and budgets permitting strategic analysis and decision making at the highest level.
• Providing information and support to Auditors and reconciliation of all financial transaction records associated with market activity.
• Conceive I.T. solutions and evaluate technological solutions for technical, operational and economic feasibility and impact. Design and development of software applications supporting company's trading and hedging strategies using excel macros and SQL programming.
• Assist staff in identifying the organization's mission, developing a strategic plan to fulfill the mission, and identify and select programs to achieve strategic goals and objectives.
Emirates NBD, Dubai Finance Executive (Fund Management): 1996 - 2002
(Defining, documenting, monitoring and reporting on critical fund accounting control processes, including developing and analyzing timely exposure analyses.)
• Ensure portfolio transactions are accurately processed.
• Bank, broker and custody positions are reconciled.
• Independent pricing and reconciliation of prices.
• Capital transactions are accurately processed along with interest, dividends, expenses and fees.
• Perform analytical review on balances, income, expenses, realized and unrealized gains.
• Completion of NAV calculation.
• Calculate and confirm management and performance fee calculations
• Prepare reports such as cash flow, maturity and yield for all ALM exposures.
• Checking the new subscription applications for complete documentation.
• Answering customer queries and report investment performance to clients
Standard Chartered Bank, India Finance Officer (Custodial Services): 1993 - 1996
(Settlement, safekeeping, corporate action and market information services)
• Act as a coordination point between FII, and brokers to ensure complete record of deals.
• Evaluation of FII portfolio to ensure that there is no breach in the investment guidelines set by the Central Regulatory Authority.
• Filing FII tax returns with the Central Bank.
• Informing FII clients the changes in the investment policy.
• Remittance and receipt of funds.
• ISO 9002 process implementation.
Hinduja Finance Ltd, India Finance Supervisor (Equity Trading): 1990 - 1993
(Stock exchange settlement operations.)
• Checking the deal slips submitted by dealers with brokers.
• Ensuring company's position is evenly spread and does not get over exposed to few brokers.
• Market to Market valuation of portfolio and comparison of portfolio with stock market indices.
• Monitoring the corporate actions calendar and record price change effects in the portfolio of events like cum bonus/dividends on the portfolio.
• Submitting the shares to the company's registrar for transferring title owner ship.
• Detailed checking and counting of securities received by recording the shares distinctive numbers received from each broker.
• Storage of securities in vaults and retrieving the same for delivery.
Life Insurance Corporation of India (Sales Agent): 1987 - 1990
(Sales of life insurance policies)
• Explaining the benefits of life insurance to customers.
• Making customers understand their financial needs.
• Providing details of various policies, like endowments, whole life, money backs etc.
• Submitting proposals to company for approval.
• Providing follow up services to customers.