Sherif Bassiouny,CTP, ICWIM, FMVA®

Experience

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  Arab International Insurance Company

  Jan 1998 - Dec 2003

  Accountant
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  Allianz Group

  Jan 2004 - Dec 2021

  Treasury & Cash Management.• Employ working capital strategies and tools to efficiently manage current assets and liabilities (ALM).• Implement the bank’s technologies, cash management products (ACH & Outsourcing checks) and services to improve the cash cycle and simplify company operations.• Maintain bank relationships with more than 20 banks in Egypt and imitating new bank relationships when needed & liaise with banks to address any account issues and queries.• Coordinate financial functions and the sharing of financial information with other internal departments.• Predict cash requirements and cash position by developing complex models for 12 rolling months’ cash forecasting in dynamics excel sheets & data visualization.• Monitoring cash balances on deposit at Banks using cash pick up service. • Investing funds on a short-term basis when needed.• Reconciling exception items, such as unexpected charges on bank accounts, missing deposits, and unclear checks.• Ensuring internal controls for the Cash Management activities in conjunction with Compliance and Internal Audit.• Coordinating efforts with other finance areas, such as accounts receivable, accounts payable, tax, and accounting & maintain security and confidentiality of financial records.• Ensure compliance with internal controls, policies, and procedures• Participate in the risk assessment of the finance department.• Approving oracle entries related to the treasury & reviewing the revaluation of foreign currencies.• Support in preparing business plans. Show less 1. Preparing a cash position on regular basis. 2. Monitoring cash balances on deposit at Banks.3. Collecting, concentrating, and disbursing cash.4. Daily bank’s communication for unexpected transaction in the bank statement.5. Quarterly meeting with banks to escalate problems & negotiating best rates for bank charges.6. Build relationships with financial services providers.7. Monitoring & reviewing policies and procedures.8. Investing funds on a short-term basis when needed.9. Manage cross-border funds movement.10. Enhancing process cycle and insurer customer satisfaction.11. Customer handling and problem solving.12. Reviewing auction, petty cash, PDC, foreign checks &rejected checks cycles.13. Support the Cash Management in any other task/project as needed.14. Examines TELLERS' reports of daily transactions for accuracy.15. Assigns duties and work schedules to workers to ensure efficient functioning of department.16 Supervises and coordinates activities of workers engaged in receiving and paying out money and keeping records of transactions in banks Show less • Evaluate, monitor & control all financial affairs. • Reviewing all financial transactions.• Monitoring the aging for AR/AP.• Monitoring of preparation general journal & general ledger.• Making sure that all accounting controls comply with company policies, procedures and --international accounting standards.• Overseeing budgetary control, monitoring cash flow.• Prepare monthly, quarter, annual report.• Monitoring of final accounts and trial balance.• Finalization of the year end closing process. Show less -Ensure timely and effective collection of all debts and customers payments.-Manage debtors accounts and develop customer relationships to deal with late payments. -Investigate and resolve queries related to nonpayment of invoices. -Report and escalate to credit manager on outstanding issues and inform early of potential debtor problems. - Build close and good relations with potential and existing clients, while keeping constant contact with them and visiting them. -Resolve efficiently problems with clients and coordinate internally with the sales and accounting teams, and other departments, to find the appropriate solutions. - Set up the terms and conditions of the client credit facilities in line with the company’s policy frame; help to enhance the quality of credit applications; make recommendations about procedural/policy changes. -Prepare monthly and quarterly reports to the department management, detailing and analyzing risk exposure, providing comparisons, highlighting risk issues and large exposures; -Ensure all documentation is recorded and filed correctly; keep and update a record of all communication with the customers; -Deal with all other administrative duties related to the function. Show less

  • Cash Management Manager

    Jan 2015 - Dec 2021

  • Assistant Cash Management Manager

    Jan 2013 - Dec 2014

  • Accountant Supervisor

    Jan 2011 - Dec 2012

  • Senior Accountant Bank reconciliation

    Jan 2008 - Dec 2010

  • Lead Accountant Credit Control

    Jan 2004 - Dec 2007
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  SanlamAllianz

  Jan 2022 - now

  Senior Manager Cash Management

  Supervise Working Capital Matching : Efficiently manage current assets and liabilities through reducing Cash Conversion Cycle and payments terms Cash Forecasting and Liquidity Management: Oversee local cash forecasting, liquidity stress testing, and cash management operations to ensure optimal financial stability.Bank Relationship Management: Maintain relationships with over 20 banks in Egypt, initiate new banking partnerships as required, and address any account issues or queries.Cash Requirement Prediction: Develop complex models for 12-month rolling cash forecasts using dynamic Excel sheets and data visualization techniques to accurately predict cash positions.Short-term Investments: Invest funds in short-term instruments (Treasury Bills and Term Deposits) as needed to maximize returns.Internal Controls: Ensure robust internal controls for cash management activities in collaboration with Compliance and Internal Audit teams.Finance Coordination: Collaborate with other finance areas, including accounts receivable, accounts payable, taxation, and accounting, while maintaining the security and confidentiality of financial records.Compliance and Procedures: Ensure adherence to internal controls, policies, and procedures across all cash management activities.Foreign Currency Management: Manage foreign currency exposure through currency matching and risk mitigation measures, and handle the purchase of foreign currency to cover various expenses.Performance Metrics: Develop and implement key performance indicators (KPIs) to measure treasury performance against established benchmarks.Data Analysis and Visualization: Perform data analysis and create dashboards using Power Query, Power Pivot, and Power BI to support decision-making processes. Show less