Mohamed Shehata

Experience

• 

  Triangle Trading and Engineering

  Feb 2010 - Mar 2015

  • Senior Treasury Accountant

    Feb 2013 - Mar 2015

  • Treasury Accountant

    Feb 2010 - Feb 2013
• 

  Triangle Heavy Equipment

  Mar 2015 - now

  Directs and controls contacts with Banks, Financial Institutions or suppliers.Preparing and monitoring the refinance loan facility, promissory notes.Following up foreign currencies rates – financing company's foreign currencies funds.Negotiates with bankers service charges rates to get minimum rates.Coordinate with the group companies to arrange inter‐ company funding as needed.Prepare of management reports in different funding and treasury issues (Daily Bank position, DailyFacility utilization Report, Monthly Cash flow, Monthly Credit line report).Prepare the monthly bank reconciliation following month close.Review monthly interest and commission charges over bank statement for overdraft on‐shorefunding and report differences if any.Post monthly accrual interest.Determines all duties for the subordinates Show less Supervises and reviews all duties performed by the subordinatesPrepares regular reports (Monthly list of Letter of guarantee, Daily Letter of guarantee Facilityposition).Maintains and updates related accounts.Monitors due dates for the Co. dues.Prepare Monthly Bank reconciliation.Review bank accounts and contact bank to correct errors and mistakes.Monitor the Monthly payment to suppliers and follow all the outgoing transfer with banks.Manage the day‐to‐day supplier payments with cost dept.Check wiring details with last transfers or with the issuing bank if needed.Coordinate with department assistant to issue bank transfer letters at the specified value date,amount, and currency.Ensure bank letters are received by concerned bank.Post the proper entry in “entry status “to show the running balances.Assist in reviewing the weekly payment report from accounts and compare it with the forecastedpayments.Follow up actual bank receipts through on‐line system or received advisedPrepare the monthly interest accrual sheet for off‐shore funding and medium term loans.Prepare Letter of guarantees issued to other parties (supplier/customers) according to the requiredterms and conditions of each caseRecord the necessary control entries in books along with necessary allocation upon LG expiry.Maintain LG report by LG number, bank, amount, expiry date and update it regularly.Alert sales departments on expiry of letter of guarantees to take necessary actions. Show less

  • Treasury Manager

    Jun 2022 - now

  • Assistant Treasury Manager

    Sept 2017 - now

  • Treasury Supervisor

    Mar 2015 - Sept 2017