Khaled Tharwat Alabbasy

MedStar

• Treasury Section HeadFull Time

  Nov 2012 - Oct 2017 -4 yrs, 11 months

  Egypt , Cairo

  • Job Details:• Manages the corporate finances and treasury activities • Supervise the organization’s banking, credit and investment functions. • Evaluate and recommend investment options, funding sources, and financial instruments that will meet the organization’s treasury objectives. • Acts as custodian of funds and assets. • Arranges short or long term financing, directs and monitors investments, performs complex financial studies. • Looks for opportunities to create new business enterprises or to expand existing ones. • Give reports to a top executive. • Preparing monthly reports related to notes payable, notes Receivable & bank interest, commissions. • Work closely with the Finance Manager to develop and implement a cash management strategy, including cash forecasting. • Manage day-to-day treasury functions and improve these processes by implementing modern concepts. • Establish processes to set customer credit limits and monitor credit worthiness on an on-going basis • Bank account administration and Day-to-day cash management and forecasting to estimate cash needs and ensure optimal borrowing mix • Administration of corporate credit card program • Hedging of foreign exchange and interest rate risk • Monthly analysis of foreign exchange impacts, including the transactional impact of revenues and costs in other than the functional currency as compared to budgeted rates • Create and maintain corporate policies over treasury activities • Treasury control and cash management. • Preparing Bank Reconciliation. • Writing checks, deposits, transfers, letters of credit & letters of guarantee. • Analyze bank fees, Commissions, recommend cost saving & maintain bank accounts. • Coordinate with the other accountants (A/P, A/R) to ensure the integrity of the cycle. • Preparing checks, bank transfers and all bank correspondence. • Daily Cash management Responsibilities include estimates, calculation of net cash position. • Preparing of cash flow forecasts on a weekly / monthly basis • Maintain a system of policies and procedures that impose an adequate level of control over treasury activities • Forecast cash flow positions, related borrowing needs, and available funds for investment • Annual renewal of credit contracts and follow-up. • Responsible for daily cash management, cash flow management; Managing bank relationships including banking activities reporting (includes analyzing bank balances and service fees). • Prepare and reconcile debt schedules (Short/long term loans). • Prepare variance analysis and supporting schedules on affected accounts. • Communications with banks and management. • Review and record the bank statement weekly. • Reviewing the cash and banking transactions of the group companies weekly. • Reviewing the company's balances with banks weekly. • Making requests to pay local customers - Export. • Make a monthly report on bank transactions between the companies of the group. • Conduct the report of expenses and revenues to banks on demand. • Conducting a report on the debts and loans of the Group of Companies with banks. • Register and review bank statements monthly. • Conducting a monthly report that includes (Documentary expenses and commissions - Bank expenses and benefits - Foreign transfers - Loan installments). • Oversees the process of cash flow management and treasury activities, provides insight in transactions for internal and external control. • Oversees day-to-day cash management by controlling of cash flow, optimal liquidity position, and interest results. • Monitors company’s various cash flow forecasts and performs financial modeling. • Manages long-term and short-term investment strategies. • Makes funding decisions to ensure support for business activities. • Supports business lines with regards to treasury activities, during investments and financing, and provision of interest rate quotas. • Optimizes the development and formulation of procedures and working processes regarding cash management and treasury. • Builds and maintains contacts with treasury related departments and external financial parties.
• Treasury AnalystFull Time

  Oct 2008 - Oct 2012 -4 yrs

  Egypt , Cairo