Treasury & Trade Finance Analyst
Schlumberger
Total years of experience :18 years, 1 Months
• Issuance of Bank guarantees Globally (Tender, PBG, APG, etc)
• Review Bank guarantee wording and negotiate with parties to reduce risk
• Involve implementing Trade finance facilities with global banks
• Bank Guarantee charges analysis
• Main contact person for Schlumberger UAE Banks Relationship Management
• Support to resolve bank queries related to KYC, accounts related and system admin
• Manage Letter of credits
• Recharge the cost to other entities within the Group
• Managing daily Global Treasury Functions & Banking relationships for Middle East Geo markets entities (Dubai, Abu Dhabi, Oman, Saudi, Kuwait, and Qatar, Egypt, ) to meet the financial obligations of the Organization.
• Monitoring daily cash requirements and execute daily financing decisions and minimize the month end bank balances transferring excess funds to header accounts.
• Prepare weekly MEA consolidated bank balances report for Management.
• Ensure on-time preparation and delivery to Management of accurate cash flow reports including actual, budget and forecast, enforce proper financial control in place over treasury (cash flow activity)
• Managing centralized Middle east region Bank Guarantee facility in different banks to Bank Guarantee Issuance, amendments & Cancellation
• Oversees and assisting to prepare and submit all the Import /Export Letter of credits
• Ensures internal controls and systems are effective and efficient.
• Develops and maintains effective communication and positive working relationships with the internal and external stakeholders
• Focal contact person for all the banks queries and requirements. - KYC update, A/C opening, closing and other legal requirements. (JP Morgan Chase bank, HSBC, SCB, NBAD)
• Monthly Reconciliation for GL Intercompany Debt account, Intercompany Loan Account & Bank Reconciliations
• Quartile Perform full review of balance sheet account reconciliations and prepare associated balance sheet notes related to Treasury.
• Maintain the general ledger, AP and AR
• FX Transaction Services - Controls currency settlement and process FX confirmation and settlements.
• Experience of using Oracle, SAP, Lawson ERP systems and online banking.
• Sole responsible of handling entire Treasury operations for the Middle East Hub. ( Dubai -SMI & SWACO, North Iraq, South Iraq, Bahrain, Abu Dhabi)
• Managing 15 bank accounts in different banks ( Standard Chartered, HSBC, RBS, JP Morgan chase banks) for 6 entities in the Middle East Hub.
• Processing all Vendor payment, Utilities payments, intercompany payments, Salary payment and expense reports through Straight2Bank (online payment), Telegraphic Transfers and Cheques.
• Preparation & Monitor the daily Cash position report for Management and assisting for cash pool management.
• Preparing Receipts, Payments and Journal Entries in Oracle.
• Maintain cash management in Oracle system
• Maintain weekly collection report for Dubai Hub and entering receipts to the Oracle system.
• Coordinates with payable, Receivable and inter-company departments for daily operations.
• Monthly Reconciliation for Inter company Debt account, Inter company Loan Account & Bank Reconciliations
• Quarterly Perform full review of balance sheet account reconciliations without assistance and prepare associated balance sheet notes related to Treasury Accounts.
• FX Transaction Services: Inter-company netting, JP Morgan/Chase EBS, liquidity management, trade support and daily confirmations. Controls currency settlement and process FX confirmation and settlements.
• Providing all required reports for month end ( Collection Report, cash movements, Bank Reconciliations )
• Co-ordination with bank for the issues related to payments and to resolve the same.
• Preparation of the entire treasury related GL entries.
• Experience of Online Banking, SCB Online Banking, Oracle ERP system, P-HUB.
Achievements,
• Implement Online Etisalat Payment System.
• Discontinue/Minimize Cheque payments and initiate all the payment through bank transfers, including Utility Payments.(DEWA, Du, Etisalat, Palm Utilities, Dimarco, ADDC..etc)
• Zero Bank reconciliation items.
• Reconciled all the GL cash accounts, Debt & Loan accounts and get the confirmation from related parties
Al Masah has 2 segments and I was responsible for the finance operations of the development projects and had 4 accountants reporting to me and I was reported to Chief Finance Officer.
• Proper updating of books of the companies and preparation of Financial Statements as per given deadlines by the top Management.
• Responsible for Handling & monitoring Both Payable & Receivable section.
• Preparing daily Reports of Cash position and fund availability of the company for CEO & CFO
• Preparing Management reports related to Payments & Receivables (Monthly Cash flows project wise, consolidated cash flows, Receivable report, monthly collection reports, Project summary, Revenue Calculation (Commission income & Premium ) construction & management expenses, Accrued expenses.
• Assisting management on Profit improvement plans, analyzing the alternatives on several Projects.
• Monitoring all Construction payments for contractors & suppliers using Trust bank account
• Reconciling supplier statements & monthly updating project expenses reports, Forecasting monthly payments and collections.
• Analyze the weekly cash inflow & coordinate with collection department, set priorities & decisions for the collection & remittance.
• Responsible for checking & verifying the Receipts and collection.
• Handling Quarterly & yearly External Financial Audits.
• Designing, Implementing and monitoring of proper internal control system in the company.
• Responsible for reconcile GL accounts, Inter company accounts and verify Bank reconciliations.
• Responsible for handling & managing all functions in the Accounts Payable section for group.
• Handling day today local and International Payments, Telex transfers, Accruing Payments & other expenses, Local & international Vendors Reconciliations, preparing LPO...etc)
• Dealing with Banks & updating Daily Funds position.
• Preparing Bank Reconciliations.
• Responsible for passing GL entries and reconciling of GL accounts.
• Making Entries for inter company and do the Inter company reconciliations.
• Preparing Costing for all the products, Assisting to prepare the LC
I have directly attached to the Softlogic Holdings Ltd, & Softlogic Information Systems (Pvt) Ltd as an Assistant Accountant. I have obtained a vast experience of financial & management accounting whiles working in several companies within the group, in period of four and half years.
• Sole responsible for proper updating of books of the companies and preparation of Financial Statements
- Prepare Final Accounts & Monthly Management Accounts in both companies
- Bank Reconciliations, Intercompany accounts reconciliation and settlements
- Petty cash Administration, Checking and Approving Journal entries
- Checking and Approving Payments, Receipts.
- Debtors & Supplier reconciliations
• Preparation of Annual consolidated Financials and reports.
• Handling the yearend Audit liaising with external auditors.
• Preparation of both Companies Budgets ( Annual Budgets, Monthly forecasts) and monitoring and controlling activities to achieve said Financial Objectives
• Handling the Company Taxes with Department of Inland Revenue. (Preparing all schedules & Filing the Returns of VAT, PAYE & ESC / Dealing with Tax Authorities about tax Issues.
• Handling the share Investment in the Group of companies (Preparing and interpreting relevant investment reports to evaluate the group short term Investments)
• Preparing and interpreting various reports requested by management and other stake holders from time to time. Further, representing at company decision making process in financial aspects.
• Liaise with Company Bankers, Company Auditors and other third parties interested in business of the company.
• Handling the Group Salaries, Group Medical Insurance Scheme, & Group Vehicle leases Facility
MBA - University of Southern Queensland in Australia
• Successfully Completed Final 1 part in Chartered Accountancy at the Institute of Chartered Accountants in Sri Lanka. (Part Qualified-No I-2181)
I obtained a, Bachelor of Science in Business Administration (Special) Degree at University of Sri Jayewardenepura in Sri Lanka in April 2006 with Second Class Division.