Group treasury manager
Andalusia group for medical services
Total years of experience :11 years, 9 Months
Monitor the cash position (debt/cash) of group entities (13 companies located in Egypt and KSA).
Continuously monitors bank balances and optimizes effective utilization of funds at optimal cost.
Prepare cash flow forecasts and build early warning signals to maintain cash equilibrium.
Direct Group's fund management and ensures the funds are utilized optimally and the bank's outstanding are within limits assigned.
Ensure profitability for the business from all treasury activities within specified risk parameters and regulations by guiding the department in identifying and managing foreign exchange, interest rates and other counterparts’ risk exposure.
Develop guidelines on Liquidity Management in line with the investment philosophy of the Group and ensures the availability of cash to manage the Group’s operational requirements.
Lead Group’s cash management activities which cover reconciliation of bank statements, clearing payment and receipts transactions within the system and depositing cash or cheques at the bank.
Advice on the projections for fund requirements for the Group based on budget/targets, monitor the asset/liability position and lead the fund-raising activities for the Group.
Prepare visibility studies for new projects and negotiate required finance.
Monitor group financial risk including FX risk, interest rate risk and investment risk.
Maximize the portfolio yield on short-term investments by advising on investments in surplus cash in accordance with the investment guidelines while maintaining reserves and adhering to regulatory policies and risk-reward guidelines.
Lead Regional Treasury team to ensure smooth operations of treasury activities for the country assigned, including payments, funding, FX execution, loans, bank guarantee etc.
Ensure compliance with Regional Treasury guidelines and policies.
Establish liquidity management structure to achieve operation and cost efficiency; Drive implementation of banking solutions to improve Treasury operations, Lead and manage other treasury projects/initiatives as needed.
Partner with internal teams on various projects to support fast-growing businesses.
Maintain positive working relationships and negotiate terms with bankers and cross-border payments platforms Improve and maintain a system of policies and procedures for adequate control over the treasury function Supervise FX conversion across all local entities and manage FX risk exposure; Keep up-to-date regulatory changes in the region/local countries that could improve treasury operations.
Act as group treasury manager and report to Group CFO.
Monitor and manage the organization's bank relationships and liquidity management.
Prepare Daily cash flows to ensure efficient cash management and sufficient funds for revenue items, capital budgets, and major project plans.
Make sure that the company's policies and procedures are properly applied in terms of cash management and structure.
Ensure that a company's cash flow is adequate to allow it to operate effectively.
Develop and handle bank relationships, allocating business by different banks, and negotiating with them regarding business fees.
Conduct benchmark studies of banks and their services to evaluate whether it fits the company requirements.
Handle and execute treasury functions including bank relationship management, foreign exchange operations, cash management, cash and treasury operations.
Assist in meeting the overall treasury department’s policies and regulatory requirements.
Handle day-to-day cash and treasury activities in line with the Authority Matrix.
Document bank transactions on ERP system.
Responsible for accounts analysis (notes receivable, checks under collection, notes payable, and banks).
Export/Import LC Documentation, Compliant to the Credit Terms and Identifying and Rectifying all types of Discrepancies.
Maintaining Records and ensure timely receipt of funds under the Credit Drawings.
Obtaining LCs confirmation with competitive pricing.
Monitor bank charges & obtain minimum charges for all banking services.
Dealing with documents arrival advises, Checking all shipping documents and it’s processing through banking methods (LCs, IDCs) & open account terms.
Operate, Monitor & report insurance policies covering export sales with open account terms with handling all its relevant processes including claims.
Oversee day-to-day treasury aspects of cash management and investment.
Verify bank fees and all company’s transactions.
Ensures the maintenance of the company’s liquidity and financial stability Monitor the purchase and sale of investments, evaluating financial records Monitor payment schedules for loans, investments, or client/supplier debts Open new bank accounts & establish new relations with other banks.
Reporting group treasury manager and responsible for the following:-
• Preparing daily cash position.
• Preparing daily bank dues report.
• Preparing weekly credit facilities position.
• Following up customers' collection.
• Acting as relation manager with banks' account officers, managing day to day operations, filling regulatory requirements and solving any operating problem.
• Executing bank transfers.
• Preparing Letter of credit and inward documentary collection documents.
• Recording bank transactions on ERP system, Make the required reconciliation at end of each month.
Reporting to Treasury Manager and responsible for the following:-
• Preparing daily cash position.
• Preparing daily bank dues report.
• Preparing weekly letter of credit position.
• Issuing cheques and executing bank transfers.
• Preparing weekly credit facilities position.
• Making weekly and monthly cash forecasts.
• Participating in new project visibility study preparation.
• Participating in managing Accounts & credit facilities with Banks starting from negotiating contracts, credit lines parameters, commissions & interest rates.
• Acting as relation manager with banks' account officers, managing day to day operations, filling regulatory requirements and solving any operating problem.
• Participating in designing Import letters of credit sub-systems.
• Preparing letter of credit and inward documentary collection documents.
1. Control financial operations as a result of sales
2. Tracking customers' balances
3. Tracking suppliers' balances
4. Tracking inventory levels
5. Preparing business activity reports
6. Participating in financial statements preparation
1. Control financial operations as a result of sales
2. Tracking customers' balances
3. Tracking suppliers' balances
4. Tracking inventory levels
5. Preparing business activity reports
6. Participating in financial statements preparation
Master degree in business administration from Arab Academy For Science, Technology & Maritime Transport major of banking and finance focusing on the following subjects:- - Credit management - Investment management - Financial analysis - Strategic management - International finance
Got Bachelor's degree in Accounting from Kafrelsheikh university focusing on the following:- - Financial accounting - Finance and financial statements analysis - Cost accounting management and managerial accounting - Audit - Tax - Banking - Economics