Treasury Executive
Lootah Group of Companies
Total years of experience :16 years, 0 Months
Banks & Facility/ credit arrangements.
•Ensure accurate processing of all Trade Finance related transactions undertaken by the Company, including Import and Export L/C's and Guarantees.
•Preparation and follow up with bank on LC issuance, Import Bills under Letter of Credit/Collection, Shipping Guarantee, Trust Receipt, Export LC advising, Export Bills Negotiation/Collection, Export Bills discount & letter of guarantee.
•Checking Export LC documents before negotiation with bank.
Cash flow management
•Responsible for all aspects of the treasury cash management function, including the development and management of systems for the effective collection of revenues and payment obligations.
•Forecasts, monitors and tracks cash flow (weekly, monthly, quarterly etc.)
•Directs Treasury cash management operations to include daily cash administration, management of current accounts and bank relations.
Accounts & MIS / Report making
•Responsible for making VAT readiness of the Division.
•Managed all the Accounting functions up to finalization & audit.
•Preparation of various ad hoc business reports to the management as and when needed.
Banks & Facility/ credit arrangements.
•Ensure Improved & accurate processing of all Trade Finance related transactions undertaken by the Company, including Import and Export L/C's and Guarantees.
•Preparation and follow up with bank on LC issuance, Import Bills under Letter of Credit/Collection, Shipping Guarantee, Trust Receipt, Export LC advising, Export Bills Negotiation/Collection, Export Bills discount & letter of guarantee.
Cash flow management
•Responsible for all aspects of the cash management function, including the development and management of systems for the effective collection of revenues and payment obligations.
•Forecasts, monitors and tracks cash flow (weekly, monthly, quarterly etc.)
•Mentored cash management operations to include daily cash administration, management of current accounts and bank relations.
•Monthly cash reporting and monitoring of the net indebtedness, outstanding customer over dues, and the operating working capital of the division.
Accounts & MIS / Report making
•Periodical reporting of financial performance to headquarter.
•Monthly preparation of Debtors/Creditors Ageing reports.
•Ad-hoc reports which Influenced Top Management in critical decision making.
•Managed Accounts Payables and reconciliation of creditors accounts.
•Created provisions for monthly & yearly closing of Accounting Books.
•Volunteered in Preparation and Finalization of Accounts.
•Coordinating with Auditors during Annual Audit.
all cash instructions received electronically (SWIFT) or manually are processed to the appropriate settlement area before established deadlines
•Process all foreign exchange requests (direct, indirect, and MT304s) received electronically or manually via FX Request for funds within the Client ID and funds for which access has been assigned
•FX execution for On-book currencies, via FTM flow to OMS (Treasury Desk)
•Facilitating FX execution for Off-book currencies through local sub custodian
•Ensuring all foreign exchange trade settlement instructions are processed to the appropriate settlement area before established deadlines.
•Coordinated with Statutory/Internal State Street Corp. auditors in sorting out queries relating to trade and delivery instructions.