Treasury & Cash Management Section Head
Al Mashariq Trading & Contracting Company (Dammam, KSA)
مجموع سنوات الخبرة :12 years, 3 أشهر
• Understand, manage, and supervise all aspects of cash flow
• Forecast daily cash requirements and execute daily financing decisions
• Evaluate, develop and implement cash management systems to optimize efficiencies
• Understand and manage appropriate accounting procedures and processes
• Monitor bank service fees and address quality issues
• Manage, direct, and develop cash management staff
• Responsible for the letter of credit opening, amendment, and solving issues
• Responsible for bank reconciliation, internal transfers, external transfers
• Responsible to issue all guarantees and follow with suppliers and customers
• Responsible for month end tasks for Egypt sites.
• Review the full Trial balance before month end to check the ac-curacy and the timely updates.
• Review the overhead cost consistency, post any adjusting entries needed.
• Prepare the monthly operational and overhead cost accruals.
• Prepare and review a monthly set of controlling reports summa-rized as below:
• All trial balance GLs reconciliation
• Bank and petty cash reconciliations
• Overhead accruals following up
• Provide the CFO with the data and assumptions needed to be used in the budget of the overhead cost.
• Prepare a forecast for the overhead cost comparing it to the last forecasts and the full year budget.
• Review the overhead cost budget to make sure that any internal or external changes are fairly reflected in the budget.
• Perform job costing analysis on job and product level to review the actual vs. estimates, Gross Profit margin, loss giving jobs, job aging and lost or cancelled jobs.
• Backup for Egypt Sun System reporting.
• Leading all the balance sheet and overhead cost related analysis asked by the external auditors.
• Leading the company’s part with the external tax advisor in the sales and corporate tax inspections.
• Preparing tax authority monthly sales tax and quarterly with-holding tax declarations and payments.
• Preparing outstanding receivables aging reports for bad debt cal-culation and dunning reports.
• Updating part of the company’s payable.
• Receiving and updating daily receivables.
• Managing daily petty cash.
• Issuing checks and processing transfers.
Accounting Payables:
• Posting Admin invoices on SAP system.
• Posting Operational invoices on SAP system.
• Issuing weekly payments for ICP, Admin and Operational suppliers through HSBC internet (Transfers & check batch).
• Posting manual checks for shipping lines.
• Reviews and manages contractual obligations of the parties and provides continual review to ensure that all terms and conditions are met.
Accounting Receivables:
• Responsible for Cr. Notes for the client invoices according to the company policy.
• Create customer codes on the company systems (SAP/Local system).
Reporting:
• ICP monthly reconciliation.
• Prepares data entries (asset, liability, capital, expenses and revenues account entries) Analyze revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis.
• Approves cash disbursements by verifying check amounts against invoices, authorizing checks and wire transfers and reconciliation of payments and monitor accounts to ensure payments are up to date.
• Petty cash second step & any cost enquiries & reallocation requests.
• Bank reconciliation of accounts
• General knowledge of purchasing policies, processes, and procedures.
• Creates and monitors purchase orders; tracks for appropriate approvals, account numbers, and receipt of goods.
• May have occasioned to negotiate best vendor terms, pricing and delivery based on specific budget and schedule requirements.
• Develops new supply sources as needed.
• Submit all bonds to carriers on a timely basis for processing.
• Generate and send out invoices and monitor customer account details for non-payments, delayed payments and other irregularities.
• Explain billing invoices and accounting policies to staff, vendors and clients.
• Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
• Prepare profit and loss statements and monthly closing and cost accounting reports.
• Assists the Financial Manager with preparation and consolidation of annual financial budget.
• Interact with internal and external auditors in completing audits.
• Other duties as assigned.
Accounting Payables:
• Posting Admin invoices on SAP system.
• Posting Operational invoices on SAP system.
• Issuing weekly payments for ICP, Admin and Operational suppliers through HSBC internet (Transfers & check batch).
• Posting manual checks for shipping lines.
Accounting Receivables:
• Responsible for Cr. Notes for the client invoices according to the company policy.
• Create customer codes on the company systems (SAP/Local system).
Reporting:
• ICP monthly reconciliation.
• Prepares data entries (asset, liability, capital, expenses and revenues account entries) Analyze revenues, com-missions and expenses to ensure they are recorded appropriately on a monthly basis.
• Prepares data entries (asset, liability, capital, expenses and revenues account entries) Analyze revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis.
• Approves cash disbursements by verifying check amounts against invoices, authorizing checks and wire transfers and reconciliation of payments and monitor accounts to ensure payments are up to date.
• General knowledge of purchasing policies, processes, and procedures.
• Creates and monitors purchase orders; tracks for ap-propriate approvals, account numbers, and receipt of goods.
• May have occasioned to negotiate best vendor terms, pricing and delivery based on specific budget and schedule requirements.
• Develops new supply sources as needed.
• Submit all bonds to carriers on a timely basis for pro-cessing.
• Generate and send out invoices and monitor customer account details for non-payments, delayed payments and other irregularities.
• Explain billing invoices and accounting policies to staff, vendors and clients.
• Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
• Prepare profit and loss statements and monthly closing and cost accounting reports.
• Assists the Financial Manager with preparation and consolidation of annual financial budget.
• Interact with internal and external auditors in completing audits.
• Other duties as assigned.
• Prepare profit and loss statements and monthly closing and cost accounting reports.
• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Establish, maintain, and coordinate the implementation of ac-counting and accounting control procedures.
• Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
• Explain billing invoices and accounting policies to staff, ven-dors and clients.
• Develop and maintain financial data bases, computer software systems and manual filling systems.
• Interact with internal and external auditors in completing au-dits.
• Other duties as assigned.
• Prepare detailed audit reports.
• Collect and analyze the data to find out if there is any fraud, violation of laws, regulations and management policies, duplication.
• Inspect the accounts books of a company for analyzing the transactions and efficiency of the accounting procedures
• Verifies assets and liabilities by comparing and analyzing items and collateral to documentation.
• Controlling treasury and treasury systems
• Collage: B.Sc. of Commerce English Section, Asyut University 2005
