GROUP CORPORATE TREASURER
Beit Binzagr Holding Company for Industrial and Commercial Investments Ltd
Total years of experience :20 years, 7 Months
Key Achievements:
- Determining Treasury Strategy and policy, corporate funding and liquidity management.
- Arrange the Cash Pick up service for 7 branches and Cash deposit cards to all branches sales team members (540 cards).
- Arrange the Soft POS service to Sales team members (460 users) and POS services to Salama Sales outlets.
- Preparation of Cash flow and liquidity forecast with cost reduction strategy.
- Enables Auto sweeping from all branches accounts to company's Main operating account to manage the liquidity and payments.
- Created online banking workflow for Payable team, HR team & Govt Team to speed up the payments with reduced bank charges.
- Maintain and improve the company's financial standing by guiding financial policies, assessing risks, determining funding opportunities and advising any Investment opportunities.
- People management to reach out to all levels of employees (Finance, HR, Sales, Branch Accountants, Credit, Subsidiaries, Purchase, Supply Chain) etc
Key Roles:
- Regular follow up with banking Customer support team, Treasury & Trade finance team to speed up our request.
- Addressing the request of Internal auditors for deposits, reconciliation and collections.
- Coordinate with external auditors and provide the necessary reports and data's to prepare the Quarterly and annual financials.
- Maintain relationships with corporate banks, reviewing FLA documents, negotiate margin and service fees.
- Ensuring that financial & non-financial covenants are complied with credit facilities, renegotiation of covenants when the financial performance varies.
- Making decisions about company funding options, insurance contracts and other financial issues.
- Develop treasury reporting dashboards appropriate for various stakeholders and track KPI.
- Advise management on the liquidity aspects of its short- and long-range planning.
- Develop a structure to work with business partners, shared services and FP&A to optimize working capital.
- Overseeing online process flow for Sarie, swift, sadad, moi, and government payments at nationalized banks with high-cost reduction
Key Achievements:
- Developed corporate treasury and risk management policy & procedures.
- Concluded the IRS Plain Vanilla and Range Accrual swap products with cost reduction about 2.2mm during my tenure.
- Effectively using cash and liquidity, without using overdraft facilities.
- Working capital management for a short period and using the surplus funds for deposits.
Key Roles:
- Assessed and reviewed the company's financial well-being and ensured cash flow was adequate.
- Conducted complete tracking of electronic payments for the group, ongoing development of paperless process to accelerate the payments and banking reconciliation.
- Advised senior managers on risk assessments, including company loans, investments, and liquidity.
- Ensured that sufficient funds are available to meet ongoing operational and capital investment requirements.
- Oversaw cash positioning activities including managing daily liquidity, cash position reconciliation and bank reporting.
- Enhanced and managed the regional and corporate direct cash flow forecasting process.
- Developed cash targets to support efficient liquidity management.
- Managed credit insurance program, identified risk, provided solutions for hedging, and developed complex mitigation strategies.
- Reviewed and analyzed banking and investment management fees to identify cost reductions.
Key Achievements:
- Concluded the Hedging Derivatives products for IRS Plain Vanilla, Cross Currency Swap and Range Accrual Swap.
- Dealt with many banks Forex Forwards for EUR, GBP & USD long deals for Import Payments and Short deals for Export receivables.
- Cost reduction about 9 MM during my tenure.
- Develop the Hedging Policy for Derivatives products to meet our company policy and procedures.
- Initiation of Corporate Online banking workflow for local, international, and government payments and LC's through trade finance online platform.
Key Roles:
- Oversaw analysis, monitoring, mitigation and awareness of the company's financial risks.
- Maintained proper documentation of trade finance records and transactions.
- Monitored daily transactional requirements including fund transfers, trade finance applications and working capital requirements.
- Reviewed trade finance transaction reports and monitors use of credit facilities.
- Examined trade documents to ensure trade laws and regulations are followed.
- Dealt with Internal IT and bank IT Support team to "GO LIVE " with B2B solutions of SARIE, SWIFT, Govt and Sadad payments.
- Provided required reports to Internal Auditors as well as external auditors for year end closing.
Key Roles:
- Manage day to day cash management and Optimization.
- Utilizing the credit line for Project finance and LC Refinance with marginal cost reduction.
- Managing owner's Personal account reconciliation for GBP, EUR, LVL, CHF, USD, EGP, MAD, and LBP currencies accounts in many countries. Investing surplus funds in Time deposits and Equities.
- Oversaw financial planning and analysis, forecasting, budgeting, and internal control.
- Reconciled local & international banks' current accounts, investment accounts, trade finance loans, and prepared regulatory reporting.
- Prepared quarterly reports for management, including profit and loss statements, balance sheets, and cash flow statements.
- Managed all accounting operations including Billing, A/R, A/P, GL and counsel, cost accounting, inventory accounting and revenue recognition.
- Developed financial strategy, including risk minimization plans and opportunity forecasting.
- Recommended changes in policies or procedures that will improve financial performance.
- Coordinated and directed the preparation of the budget and financial forecasts and report variances.
*Has a Employee of Customer Service Department Handling South Regional Branch’s Mortgage operations (Tamil Nadu, Kerala, Karnataka, Andhra & Calcutta) .
*Responsible for Home loans and Consumer Loans process of Refund, Reschedulement, Homa Loan/Consumer Loans Foreclosure, Loan Repayment, Normal maturity, Deliverable's, Banking Reconciliation & MIS.
*Co-ordinate with team members to resolve the Service Requests ( SR) and Critical Request(CR) at the earliest which created from branches and Customer Care Units in FCRM Package.
*Handling all escalated calls (ombudsman) and emails from senior management.
*Responsible to do Proactive Process for Home loans & Consumer loans products to reduce the service requests.
*Providing feedback and exploring possibilities for process improvements.
*Publishing MIS reports to the higher officials by weekly and monthly.
*Home loans and consumer loans Refund process for AUTO CREDIT, Electronic Clearance System ( ECS ) data's upload to Mumbai Head office to settling the loan excess payments, cheque will be dispatch to Customer’s address or Local Bank Branch address.
*Competent knowledge of relevant software applications.
*Responsible for Analyzing operation discrepancies, Allocating work to team members, finding solutions for short and long term goals.
*Taking ownership of process. Responsible to train the team members and to resolve the investor’s and broker’s queries regarding the transactions and documents on conference calls.
*Analyzing reports using data extracted from CRM to help decision making.
*Responsible for preparing various kinds of daily and weekly MIS reports to notify to higher management about the status of the work flow.
*Processing of accounts / documents adhering to the rules as per SEBI, RBI norms and as per the Compliance.
*Handling customer queries pertaining to financial products as well as providing operational services in Banking and Financial transactions and Distributor Empanelment.
*Developing and Maintaining Portfolios of High Net worth Individuals( HNI) & Corporate individual for core service process.
*Managed Accounting functions including General ledger, cash management, financial accounting and reporting.
*Verification of Payments and Receipts vouchers. Maintenance of Computerized Books of Accounts.
*Provided day to day supervision to one or more accounting functions such as accounts payable, payroll, etc.
*Preparation of Bank Reconciliation Statement in Tally as well as manually.
*Co-ordinate with Auditor upon finalization of accounts.
*Preparation and analysis of the statement of Company’s Quarterly financial results.
*Monthly reporting to management including analysis and comparison to budget accounting.
*Preparation of Management Information System ( MIS ) Report.
*Established and maintained internal controls, serve as a liaison to external auditors.
Investment Analysis, Security Analysis & Financial Management
Computer Hardware assembling, servicing , Software C, C++ developers