Corporate Treasury Manager
Advaita Trade DMCC
Total years of experience :17 years, 1 Months
• Daily Payments and Endorsements.
• Ensuring sufficient cash and funding, identifying, and mitigating against financial risks, encouraging a culture of sound financial practice.
• Cash management: arranging the physical movement of cash, selecting, and managing an efficient bank account structure, managing receipts and payments, investing surplus funds, arranging borrowing facilities.
• Liquidity management: assessing requirements, ensuring sufficient cash, or borrowing resources.
• Funding management: identifying needs, advising on sources of funding, managing the funding obtained, developing, and maintaining relationships with external bodies.
• Risk management: identifying, analyzing, and mitigating against financial risks, implementing a risk management policy, assisting in or leading risk management activities.
• Management of the group’s operational cash flows and all associated risks including liquidity, Working Capital S&L Term, funding, interest rate, Trade Finance, Hedging and foreign exchange.
• Optimize cash through minimizing float/cash pooling, leading and lagging of payments.
• Responsible for managing the FX risks across multiple currencies.
• Periodical Cash Flow Forecasting Short & Long Term.
• Manage Payables & Receivables, Cash collection, Vendor / Customer & Bank Reconciliation.
• Presenting various liquidity reports to CFO, highlighting short- and long-term liquidity risks.
• Maintain and update bank mandates and assist with completion of all relevant banking documentation as required.
• Analyzing bank fees/ Interest Rate and implementing banking-related changes as needed.
• Treasury Management System (TMS) Implementation from the scratch for Funded and Non/Un-Funded.
• Liaison with Bankers, Funders and Financial Companies to have a cordial relationship.
• Reviewing P&L & Processing provision entries & reversals.
• Organize, monitor booking of all transactions, and reconcile accounts timely and accurately.
• Management of the group’s operational cash flows and all associated risks including liquidity, Working Capital S&L Term, funding, interest rate, Trade Finance, Hedging and foreign exchange.
• Optimize cash through minimizing float/cash pooling, leading and lagging of payments.
• Responsible for managing the FX risks across multiple currencies.
• Periodical Cash Flow Forecasting Short & Long Term.
• Manage Payables & Receivables, Cash collection, Vendor / Customer & Bank Reconciliation.
• Presenting various liquidity reports to CFO, highlighting short- and long-term liquidity risks.
• Maintain and update bank mandates and assist with completion of all relevant banking documentation as required.
• Analyzing bank fees/ Interest Rate and implementing banking-related changes as needed.
• Treasury Management System (TMS) Implementation from the scratch for Funded and Non/Un-Funded.
• Liaison with Bankers, Funders and Financial Companies to have a cordial relationship.
• Reviewing P&L & Processing provision entries & reversals.
• Organize, monitor booking of all transactions, and reconcile accounts timely and accurately.
• Managing the Working Capital requirements for Retail Division.
• Implementation of hedging policy for Retail Division to ensure the management of foreign exchange requirements.
• Managing the Daily bank Position of Retail Division and providing the status report to Group Treasury.
• Identifying the banking requirements and liaison with banks for implementation and smooth operation of the same.
• Preparation of cash Forecast on Weekly basis for Retail Division and variance analysis with the actual Cash Flow.
• Reviewing P&L & Processing provision entries & reversals.
• Reviewing Balance sheet & Income Statement & Year-end Internal & External audit Queries.
• Management and Supervision of the day to day functioning of the Treasury Department for Retail Division
• Processing Online/ Manual TT / Cheque payments for Principal Vendors/ Merchandise / Non - Merchandise.
• Managing Vendor / Supplier Account Reconciliation, Ageing report & arranging meeting if any discrepancies.
• Handling Petty Cash, accounting based on supporting, and Approvals from Management.
• Assisting for Budget preparation, Variance analysis, MIS supporting & Ad-hoc reports.
• Intercompany & Intra company reconciliation, monthly interest calculation & postings.
• Ensure timely availability of Group Liquidity, Debt, Hedging, Treasury Management System, TR/BD/CIL Outstanding, Contingent Liability and Bank/GL/Vendor reconciliation reports.
• Supervising of Trade - Import LCs, Export & Guarantees for Retail Division, engaging closely with the business to draft the proper LC condition to ensure its workability.
• Managing the Working Capital requirements for Retail Division.
• Implementation of hedging policy for Retail Division to ensure the management of foreign exchange requirements.
• Managing the Daily bank Position of Retail Division and providing the status report to Group Treasury.
• Identifying the banking requirements and liaison with banks for implementation and smooth operation of the same.
• Preparation of cash Forecast on Weekly basis for Retail Division and variance analysis with the actual Cash Flow.
• Reviewing P&L & Processing provision entries & reversals.
• Reviewing Balance sheet & Income Statement & Year-end Internal & External audit Queries.
• Management and Supervision of the day to day functioning of the Treasury Department for Retail Division
• Processing Online/ Manual TT / Cheque payments for Principal Vendors/ Merchandise / Non - Merchandise.
• Managing Vendor / Supplier Account Reconciliation, Ageing report & arranging meeting if any discrepancies.
• Handling Petty Cash, accounting based on supporting, and Approvals from Management.
• Assisting for Budget preparation, Variance analysis, MIS supporting & Ad-hoc reports.
• Intercompany & Intra company reconciliation, monthly interest calculation & postings.
• Ensure timely availability of Group Liquidity, Debt, Hedging, Treasury Management System, TR/BD/CIL Outstanding, Contingent Liability and Bank/GL/Vendor reconciliation reports.
• Supervising of Trade - Import LCs, Export & Guarantees for Retail Division, engaging closely with the business to draft the proper LC condition to ensure its workability.
Treasury Accountant 05-11 - Present
• Cash flow management and forecast which includes maintenance of bank accounts and transfer of funds for company and its sub-business units by working with AP, AR & Payroll for all bank accounts and in charge of postings of all cash flow management related journals and ensuring bank balances are reconciled each month.
• Preparing cash position summaries for management review.
• Providing Cash, cheque clearance details and remittance confirmation to all SBUs.
• Liaising closely with banks on all matters and also involved in investigating any unresolved issues between the company and the banks and reconciling bank balances.
• Overseeing inter-company transactions and reconciling them.
• In charge of all periodic accounting entries into general ledger of SAP system for all treasury products with allocation of revenues and costs to the appropriate cost centers.
• Managing treasury process which includes from making recommendations, seeking proper authorization to corresponding with banks on trade and settlement details.
• Providing periodic reports to management on performance of treasury instruments the company has engaged.
• Performed corporate cash management and forecasting activities on a daily basis.
• Preparing & Processing Import LCs for EET companies & Engaging closely with the business to draft the proper LC condition to ensure its workability.
• Preparing & Processing Guarantees for EET companies. Interacting closely with the Business to understand the scope of the project and reviewing/re-drafting the conditions to ensure its workability and safeguarding the interest of the company. Monitoring the Expiry dates and collecting the old guarantees regularly.
• Warehouse Cost Analyzing & passing recovering entries in the system. (Getting the monthly reports of Bundling/sticker, container report, Delivery & Installation, Preparing volume report.) Approving petty cash payments, expenses related documents & posting provision/reversal entries.
Accountant 06-09 - Present
• Preparing Danube Group local purchase Approval, Supplier Payment & Reconciliation.
• Managing of accounts receivable and the credit control department.
• Generation of monthly sales and collection reports.
• Managing the document clerks and coordinators.
• Debtors Reconciliation, Payment Follow up, Daily & weekly Reports.
• Prepare Monthly Projection Report, Credit & Debit Note Entries.
• Client Visit (Dispute Issue), Preparing Outstanding statement & letters.
• Preparation of Monthly Ageing Report. Allocation of Invoices.
• Making adjustments and resolving problems within the credit control department.
• Perform general accounting functions focused on high-risk audits of daily inventory for 73 stores, weekly disbursements of short-term payable accounts, and mandatory reporting activities for management review.
• Research, identify and investigate over under charges through review and analysis of vendors’ aging reports for all store sites and verify, reconcile and approve payments for entry into network accounting system.
• Interface between major snack food & beverage and stables vendors and Accounts Payable/receivable departments concerning invoice discrepancy issues and account billing cycles that include vendor discounts.
• Assisted Personnel during tax season to trace high-risk fraudulent employee activities for all stores locations.
• Interviewed all levels of personnel to investigate incidents of false identifications, with a focus on and bookkeepers, cashiers, and field auditors.
• Managing sales reporting and supervised a staff of 16 whose functions included calculation of sales, cash receipts, credit card processing, commission and incentives & statistical analysis.
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