The Treasury Control Manager negotiates financial terms with banks and looks after collection and manages and controls company's credit control activities by maximizing income and minimizing losses. Responsible for budget monitoring ensuring the timely production of management reports and commentary in order to facilitate budgetary control.
•Handles cash management for the company and negotiates financial terms with banks (banks' relationships) and financial institutions.
•Manages report and forecasts funds available to the group.
•Prepares Cash Flow forecasts (short, medium and Long term)
•Insures proper payment terms (suppliers, contractors, consultants, etc.)
•Supervises cash disbursement and follow up on cash deposits.
•Reviews, develops and implements credit and collection policy. Also develops and implements enhancements as and when required.
•Ensures that the policy is communicated and implemented appropriately across the Company.
•Establishes credit control targets and sundries debt for each section.
• Monitors progress and takes corrective action where necessary to minimize variances from targets set.
•Manages the Company's sales ledger, ensuring that all the income due to the Company is accounted for in an accurate and timely manner, invoices are raised promptly, with accurate coding and accurate output and the prompt and accurate recording of payments to the correct sales ledger accounts.
•Tracks all outstanding receivables and follows up with customers for immediate recovery. Timely report to management on overdue receivables beyond the limit.
•Conducts business valuation, feasibility studies, variance and sensitivity analysis.
•Supervises and personally prepares accurate and timely analysis reports.
•Manages accounting analysis of P & L and balance sheet.
•Sets, maintains and updates the budget process.
•Coordinates, reviews and finalizes the budgeted figures (P&L - CAPEX).
•Knowledge of appropriate costing method.
• Knowledge of accounting standards and principles, budgeting, reporting and cost control.
• Knowledge of automated financial management systems.
• Ability to analyze financial data and prepare financial reports, statements and projections.
• Bachelor degree in Accounting.
• CFA designation.
• 5 years of relevant experience.
•Professional written and verbal communications and interpersonal skills.
•Ability to motivate teams to produce quality materials within tight time frames.
•Ability to participate in and facilitate group meetings.
•Thoroughness and diligence
Automak Automotive Co K.S.C.C.
P. O. Box 886 Safat-13009, Kuwait
T: +965 184 5555 Ext. 701/703
F: +965 2481 8032
-S.Mohideen Abdul Kadir