Mohamed Elsiofy

Foreign Exchange and Client Relations Section Head

• Job Details:Accountable for foreign currency trade settlement activities, including confirmation, documentation, controls, compliance of foreign exchange trades. Maintain a rolling weekly cash forecast to ensure the company's cash flows allow it to operate effectively. Record all transactions on cash records maintained on a daily basis with over 100,000$. Be the primary contact for banks to lead the process. Forecast short-term and long-term cash flow positions, ensuring adequate funds are available. Monitor and manage the company's banking relationships. Ensure application of up-to-date fee rates; change them on the board and computer system. Coordinate with branch manager and accountant details for checks/cash received for clearing on credit invoices. Ensure invoice numbers are clearly stated on receipts. Analyze monthly bank fees and identify fee opportunities. Prepare Central Bank of Egypt weekly and monthly statistics for consolidation by the center. Create internal control and process around cash deployment and reporting as the company continues to grow and ensure compliance with the same. Maintain weekly treasury reconciliations.