Misrak Demissie

Experience

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  Excel commerce

  Dec 2008 - Dec 2014

  Assistant Managing Director

  Over all support & supervision of daily activities including planning and organizingAdministrator loans and all bank overall disbursements and collectionsBuild up costs for all import and local transactionsPrepares import documents for customs clearance , delivers documents to customs authorities, facilitates the release of shipments arriving at the airport customs Prepare monthly payroll, preparation of periodical and annual financial reports.Account analyzing providing regular support & supervision to finance team (staffs) & assists in all finance related tasks. Administrator and solve staff problems Do out side jobs with third parties like banks, auditors, government offices etc….Doing logistics related jobs clearing goods from customs Coding and posting transactions using peachtree accounting soft wareMaintaining inventory items and controlling stocks Closing books of account Experience in auditing of yearly closing of books of account by the external auditors as well as ECA (Ethiopian customs authority Show less

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  V-tag international

  Feb 2015 - Mar 2016

  Finance and admin. Manager

  Financial responsibilities:-Manages the overall company finance up on the procedures -Preparing monthly financial reports-Set and Maintain accounting system and chart of accounts-Maintains all financial related documents properly documented-checking the monthly bank reconciliations-Checks every payments in line with the company polices -controlling income tax and any other government taxes and timely payment to the government officeAdministrative responsibilities -Manages recruitment process of all staffs-Undertake other administration related activities-And perform any other duties on administrative Show less

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  East African Tiger Brands Industries PLC

  Mar 2016 - now

  Treasury Manager

  •Ensure that all bank, loans, equity, and clearing GL accounts are reconciled on a regular basis with timely closure of all reconciling items•Provide information as is necessary to the reporting team to ensure that all receipts and all payments are captured correctly to the system•Ensure agreement requirements as well as with the company policy•management on all cheque and postdated checks•Provide visibility of the status of cheques deposited -Controlling any bounce cheques•Provide update monthly visibility of the Postdated cheques•Reduce the clearing time for cheques by working with sales, customers and the banks•Manage the funding of the bank accounts to ensure that payments are allocated to accounts with appropriate balances•Ensure that all bank accounts are in compliance with •Prepare forecasting short and long term cash flow forecast upon the company requiremnet•Help the business in terms of achieving financial objectives with regards to cash flow •Provide visibility of the variances between forecasted cash and actual cash performance Show less

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  54 Capital

  Oct 2017 - now

  Banking & Tax Treasury Manager

  . Understand, manage, and supervise all aspects of cash flow. • Forecast daily cash requirements and execute daily financing decisions. • Manage all aspects of In-house investment portfolios. • Direct, monitor and trade investment portfolios including Working capital, High-Yield, Escrow, and other portfolios. • Manage long-term and short-term investment strategies. • Determine the Company goals and risk tolerance. • Determine the Company tax position and the applicability of taxable/non-taxable instruments. • To ensure adherence of the company of tax matters and submission of documents related to tax and manage day to day operation to avoid any liability on account of tax laws of Ethiopia.• Assess risk/return tradeoffs in guidelines. • Assess performance benchmarks and recommend changes when warranted. • Review and recommend changes to the investment policies based on the market conditions. • Prepare or monitor company’s various cash flow forecasts and perform financial modeling. • Evaluate, develop and implement cash management systems to optimize efficiencies. • Understand and manage appropriate accounting procedures and processes. • Manage relationships with financial service providers. • Monitor bank service fees and address quality issues. • Conduct benchmark studies of banks and their services to evaluate whether it fits 54 capital requirements. • Meet with cash management banks to plan cash management vs. Granite’s needs. • Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines. • Manage, direct, and develop Cash Management staff. • Recommend, implement and maintain process improvements. • Support and participate in 54 capital Strategic Plan activities related to bank and cash flow.• Implement & Monitor the company payment procedures • Prepare weekly rolling cash flow report Show less

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  54 FMCG

  Aug 2019 - now

  Head Of Treasury
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  JTI (Japan Tobacco International)

  Oct 2022 - now

  Treasury Manager