Treasury Manager
Sunbulah Group
Total years of experience :4 years, 4 Months
-Bank Relationship & Facility Management: Maintained and grew solid relationships with banks in Sunbulah's portfolio. Leveraged relationships to enhance banking services offered and improve facility pricing on a regular basis
-Loans Management: Managed a portfolio of bank facilities worth SAR 750m+ by ensuring efficient allocation and utilization based on business needs
-Trade Finance: Maintained all import LCs, implemented UPAS with key raw material and CAPEX suppliers, to increase their respective DPO's by c.60-90 days
-Business Units Support: Managed all treasury support functions related to other departments and business units: payables, receivables, logistics, value-buying, marketing, credit control, internal audit
-Treasury Reporting: Conducted, monitored and reported (1) monthly operational forecast with recommendations on short-term financing, (2) weekly / monthly payment budgets / disbursements and (3) accurate financial charges and interest accruals
Successes and Achievements
-Received the 2020 Sunbulah Hero Award for my exceptional efforts during COVID-19 in supporting the business and ensuring business continuity
-Achieved a c.50% reduction in financing interest expense and bank charges over my tenure with Sunbulah Group
-Conceptualized and implemented a new collection confirmation process for the sales team that eliminated fraud incidents and relieved 20 hours per month allocated to this task
-Improved monthly cashflow forecast by designing a day-to-day forecast to ensure effective cash management and relieve cash strains on local and foreign currency
-Led the implementation of (for multiple banks): E-banking, corporate credit cards, cash pick up service, UPAS letters of credit, e-commerce and POS machines
-Oversaw the initial phase of sourcing and implementation of: E-trade (trade finance via E-banking platforms), cash deposit cards