ضياء Abdul Azeez

Sr. Accountant - Treasury and Trade Finance في Al Zahrawi Medical Supplies LLC

• الإمارات العربية المتحدة - دبي
• أشغل هذه الوظيفة منذ أبريل 2018

• Oversee working capital utilization and liquidity position
• Update bank register, categorize transactions and circulate among receivables, team payables team and GL accounting colleagues
• Report detailed cash position to the Group Finance Director
• Weekly / monthly detailed cash flow forecasts discussion with Group Finance Director upon collecting payment requests (approved/under approval) from all units such as procurement, marketing, warehouse, HR etc.
• Analyse and advice management on working capital and liquidity position, short term borrowings if required through discounting and making use of facility to settle supplier invoices through trade loans (Trust Receipt)
• Inter group transfers, payments and manage cash pooling
• Manage 14 bank accounts including foreign currencies across UAE, Bahrain and Oman - centralised in Dubai (widely used HSBCnet for payments and trade)
• Process international SWIFT transfers and ACH transfer to foreign and local parties in coordination with Payable, other departments in UAE and Gulf affiliates
• Document verification, tax invoice content/VAT registration check, approval matrices etc.
• Treasury related JV bookings, VAT laws on input VAT, rectification entries etc
• Closely monitor finance charges to keep them as low as possible



• Assess internal protocol on handling treasury and develop new standards to improve security
• Develop and advise management on treasury policies such as enhanced processes
• Manage and maintain company’s e-banking portals, signatory mandate, and security devices of admins and end users within group (HSBCnet, FAB and CBI)
• Communicate with the higher management (CEO/Group Vice President) on clarifying transactions
• Develop internal controls and continuously automate tasks in liaison with IT department
• Analyse banking details of new beneficiaries or amendments to ensure banking information are legitimate
• Maintain corporate guarantees, KYCs and FOLs (bank facilities) across group
• Monthly reconciliation of group bank accounts
• Foreign currency risk mitigation and negotiate special rate on high value payments and trade transactions
• Assist auditors as per audit requirement during year end and internal audit.
• Administer trade finance - LCs, LGs, SBLCs, and TRs (trade loans)
• Point of contact for all treasury and trade finance related concerns
• Bank relationship - Maintain professional and friendly relations with banks to ensure business needs are prioritized

KPIs and resultant achievements

• Took appropriate action to minimise finance charges, that resulted in reduction of charges by 45% a month. For e.g. bulk local payment processing, bulk reimbursement of expenses to support function and sales team, fixed USD forex rate to 3.675 against AED
• Digitalised paper filing/documentation of various expenses by maintaining records electronically, saving company over 96% on archiving files with external companies.
• Cancelled over 400 auto-renewable bank guarantees and released AED8.5M in margin refunds.
• Automated all type payment requests from paper forms to Oracle NetSuite based electronic forms, in liaison with IT that saw a greater efficiency in dealing with payments and system approvals.
• Automated Accounts Payable requests by creating a module on NetSuite that notifies Treasury.
• Actively participated in creating company’s SOP and recommended policies and limits
• Thwarted multiple phishing attempts and created awareness among group finance staff on how to encounter scams and prevent fraudulent transfers
• As a result of continued efforts to improve treasury department, working on a new project to implement Kyriba Treasury Management System