Experience

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  Nishat chunian limited

  May 2009 - Jan 2018

  Company Profile: Nishat (Chunian) Limited is a textile unit incorporated in 1990, having capacity of 211,948 spindles, 293 looms and a modern dyeing and finishing plant of capacity 101,370 meters per day.To cope up with emerging demands of energy, Company had started setting up its own wholly owned company named NC Electric Company Limited to fulfil its energy demands in June 2014.I am responsible for finance and planning functions of following companies;a) Nishat (Chunian) Limitedb) NC Electric Company Limited Show less Daily Cash Management. Export Receivables and documents collection and negotiation. Spot rate settlements with different banks’ treasury departments.Management of forward cover of export proceeds and import payments.Creation of Securities against Bank Financing and arrangement of NOCs for Charge upgradation; Followup with banks for charge documentation and filing with SECP against Financing facility including ranking and supplemental charges and preparation of all the relevant documentation.Ensure availability of sufficient funds to meet companies' working capital requirements.Managed relations with Investment/Corporate Banking Group of lender banks and insurance companies and procured additional financing facilities as and when needed. Coordination with import and export departments on different issues like letters of credit etc. Arrangement and renewal of Working Capital Facilities of conventional and Islamic banks both.Preparation of monthly stock/receivables reports. Management of Local Duty Draw Back (Subsidy from Ministry of Textile)Financial operations and day to day dealings with Banks and investment companies.Making proper arrangements with banks regarding fresh disbursement/renewal of facilities.Monitoring of financial position. Post shipment finance, long term financing and money market deals. To perform financial calculations to support financial transactions relating to mark-ups and coupon payments of short/long term loans and PPTFC (Privately Placed Term Finance Certificates). Arrangement of non-funded facilities i.e. import LC lines, guarantee etc. Show less

  • Deputy Manager Finance

    Jul 2016 - Jan 2018

  • Assistant Manager Finance

    May 2009 - Jun 2016
• 

  Fatima group

  Jan 2018 - now

  • Forecast daily cash requirements & execute financing decisions• Cash balance reporting, Intraday matching, cash positioning, controlled disbursements & accounts funding• Review previous day cash activity & compile current day activity to determine cash positions• Perform administrative duties with regards to the company’s banking portals • Ensure accurate maintenance of bank account, balance, bank/Treasury systems & bank cost information• Implement new bank technologies, products & services to improve cash cycle & simplify company operations• Document & maintain all necessary bank accounts & services under the direction of the Manager – open / close accounts, add / remove services, etc.• Perform daily cash management activities, investments, borrowing/repayment decisioning, & movement of funds between legal entities to ensure adequate liquidity across all entities• Assist in managing & maintaining company’s banking infrastructure & relationships, including monitoring services & pricing structures, & maintaining documentation. • Work closely with Accounting & IT on payment automation projects & integration of banking system to the ERP• Responsible for managing credit lines as per the working capital requirements. • Mark-up calculation, accruals booking in oracle ERP on monthly basis & payment of mark-ups of Short & Long term financing.• Reconciliation of Banks having daily receipts & payments • Preparation & submission of Comprehensive Funds Position to Management. • Arrangement & renewal of Working Capital Facilities (Pre-Shipment Loans/Money Market Loans/Murabaha/Istisna/FE-25 US dollars Loans) & review of documentation thereto. • Perfection of Legal documentation / securities / charges (Ranking charges / JPP charge supplemental on current & fixed assets of the company).• Preparing monthly Stock Reports for all the banks. • Management of Employees Provident Fund in order to obtain a suitable return for employees Show less

  • Deputy Manager Treasury

    Jan 2021 - now

  • Treasury Officer

    Jan 2018 - Dec 2020