Manager (Corporate Treasury/MIS )
Ceaser Pack Group of Companies
Total years of experience :25 years, 2 Months
-Led team in developing analytical tools for liquidity forecasting and Monthly Financial Reporting.
-Prepared the cash flow and imported liquidity management and funding strategies for 50 bank accounts in the group.
-Managed the ageing of receivables & collections process, & improved collections by 20% by introducing weekly meetings and incentive schemes for collections.
-Managed the KYC requirements for all banks( 50 nos).
-Managed the admin rights for the bank's online portal. Managed the authority matrix in the portal.
-Negotiated and procured debt and facilities from new banks, which were needed for expansion.
-Management of Letter of Credits and Letter of Guarantees, for holding company and subsidiary companies.
-Bank Interest management and audit of all the charges.
-FX management and risk mitigation on transactions.
-Worked and guided the team to achieve payment process excellence across platforms.
-Collaborated with local and International banking partners to negotiate better rates and products, leading to cost savings of thousands of Kuwaiti Dinars.
-Rolled out a new reporting system for month-to-month tracking of Profit and Loss accounts, variance analysis and treasury activities.
-Analyzed financial data to optimize cash management strategies and forecast liquidity needs.
-Optimized global FX risk mitigation strategies across multiple currencies.
-Implemented a robust payment processing system with checks, balances & control points for all group companies.
-Developed 10 year annual budgets and quarterly forecasts, improving the forecast accuracy by 10%.
-Analysed financial data to identify trends and make recommendations leading to better profitability.
-Executed Core Financial Process below:
1. Vendor setup and payment process.
2. Operational expenses.
3. Administration of Bank Accounts and reconciliation.
-Mentorship and fostering team collaboration.
-Responsibilities include preparing the monthly MIS(P&L, Balance Sheet, Cash Flow and all schedules) & circulation while adhering to the Group's tight deadlines.
-Preparing the feasibility reports for CAPEX requirements. Made the CAPEX reports for almost all Mercedes Showrooms and service centres for passenger cars.
-Managed and established the online approval system for Capex and PO along with the IT department. This system allows the user to upload the document and get approval through an authority matrix.
-Involved in preparation of employee Incentive scheme and review every year.
-Making the KPI reports achievement and break-even reports every month.
-Led financial analysis and budget forecasting for department, ensuring cost efficiency and profitability.
-Directed HR functions such as recruitment, performance evaluation, and employee relations.
-Managed administrative tasks including procurement, facility operations, and vendor relationships.
-Oversaw compliance with company policies and regulations, implementing corrective actions when necessary.
-Management and operation of trade facilities with banks (overdraft/LG/LC) and other institutions.
-Making a quarterly budget and deriving targets for the sales team and other departments.
-The preparation of financial statements.
-MIS through Focus ERP, Oracle, Ms Excel(customized reports).
-Responsible for the Stuatory Audit and Financial Statements for all stake holders.
-Managed recruitment process, resulting in a 20% increase in quality hires.
-Conducted performance evaluations and implemented performance improvement plans.
-Oversaw implementation of HR policies and ensured compliance with labor laws.
-Led development of training programs enhancing employee skills and productivity.
-Team Handing. Sucessfully led a team of 30 employees, in a new business process. I was selected and sent to Manila(Phillipines) to supervise and train a group of more than 100 employees.
-Reconciliation of Data Relating to the National Stock Exchange, Mumbai Stock Exchange & Delhi Stock Exchange (stock exchange in the capital of India).
-Customer Care and relationship management
-Relationship Management with the exchanges.
-Financial Postings to clients accounts.
-MIS (Creation of all the management reports and data management).
A professional certificate from the Association of Finance Professionals (AFP), CTP is considered as the best course for Treasury professionals.
