AHMED HELMY AOUNALLAH

Treasury -Trade finance ManagerFull Time

• Job Details:Reviewing foreign purchase orders including quantity, price, due date, shipping terms, and payment terms and matching them with proforma invoices.  Filling L.C banking forms according to proforma invoice and purchase order and fulfilling the required signatures.  Reviewing the L.C draft received from the issuing bank with our conditions.  Writing the L.C final issue letter including supplier notes and our notes before issuing the final swift.  Follow-up issuing the final L.C swift (MT700) and send it to the supplier after revision. Writing the L.C amendment letter after issuing the MT700 of final LC swift, fulfilling the required signatures, send it to the issuing bank and waiting for receiving the MT707, so we can send it to the supplier.  Filling document collection bank modules and completing the required signatures.  Writing the waiver letter for receiving shipments of LCS.  Follow-up the issuance of Form 4 and endorsement AWB or B.L.  Submit the sealed documents from the bank to the custom clearance department to complete the customs release of the required shipments.  Filling LG bank forms and follow-up issuing LGs from the bank and Writing letters of extend, increase, decrease and cancellation and follow-up the bank issuance.  Do all necessary procedures to pay the amounts of due invoices and writing the transfer letter, follow up with bank colleagues for sending the transfer swift, and send it to the supplier.  Matching all our records on the system with the bank position report monthly including (outstanding IDCS- due LCS invoices- payment of IDCS invoices- bank deducted charges) and communicate with colleagues in banks to make the necessary adjustments.  Preparing daily outgoing transfer report and bank commission – cash cover report to inform the treasury mangement with the required amounts in foreign currency and Egyptian pound.  Follow up bank transactions, balancies and do all necessary bank reconciliation entries weekly.  Review the deducted LGs, LCs, IDCs and Avalized IDCs commission and matching it with our bank pricing and connecting with bank colleagues to refund any amounts deducted wrongly.  Do all necessary procedures to follow up bank position and cash management daily.  Preparing all needed reports like aging debt analysis, trade finance volume report, advanced payment report and Monthly LCS-LGs-IDCS issued reports.  Recording all data on the Oracle program.  Follow-up, encourage and lead the rest of the team colleagues to come up with the best possible results in a working environment characterized by cooperation, respect, and exchange of experiences between all.  Have a large knowledge about UCP 600, ISBP 745 (the revision of ISBP 681) and incoterms 2020.

Team leader (Trade finance - Treasury) ManagementFull Time

• Job Details:Reviewing foreign purchase orders including quantity, price, due date, shipping terms and payment terms and matching it with proforma invoices. Preparing document credit modules according to proforma invoice and purchase order. Filling l.c banking modules and fulfill the required signatures. Reviewing l.c draft sent from the issuing bank with our conditions. Writing the l.c amendment letter including supplier notes and our notes. Follow-up issuing the final l.c and send it to the supplier after revision. filling document collection bank modules and complete the required signatures. Do all necessary procedures and filling the bank modules to issue the required SBLC. Follow-up the issuance of Form 4 and endorsement AWB or B.L. Submit the sealed documents from the bank to the customs clearance department in order to complete the customs release of the required shipments. Do all necessary procedures of issuing letter of grantee like filling the bank modules and writing the request of lg extension. Enter all data on the Oracle program.

Section head assistant of foreign accounts payable and letter of credit departmentFull Time

• Job Details:Reviewing foreign purchase orders including quantity, price, due date, shipping terms and payment terms. Reviewing the pro-forma invoice and match it with the purchase order that sent to the supplier. Opening the letter of credit and follow-up required procedures with the bank. Following up all works of document collection with the bank and supplier. The work of all transactions with the bank belong to my job like writing the model , calculate commissions, expenses, bank charges and Reviewing the Ministry of Commerce fees. Payment outstanding invoices of foreign suppliers including requires the written transfer form and Review transfer expenses in case of collection models. Follow up balances of suppliers in our reports and match them with the bank reports and with suppliers’ reports. Complete all banking procedures including writing model 4, letters of amendment and others. Follow up customs clearance and insurance procedures. Matching the inventory receipts with all actual costs monthly on oracle system. Preparing statement of foreign input tax to be deducted from monthly tax declaration. I have a good knowledge about value added tax law. Prove all the accounting procedures mentioned above on the Oracle system, Preparing and printing accounting reports of foreign suppliers and documentary credits. Preparing ageing debt analysis report. Follow up the account of credits clients and closing the financial balances that belong to them. Matching receipts of imported raw materials, spare parts and packing with the actual cost and monitoring variances that appear from differences between the purchase order and the commercial invoice. Participate in the preparation of the periodical financial statements and attending the external audit on it to approve their accuracy and compatibility with the accepted accounting standards. Participate in Periodical inventory Committees.