Preparing daily cash flows indicating the bank wise balances, Shariah Compliant Deposits along with expected profit rates & period, contingencies, PDC financial exposure, JPY rates etc.
Preparing assigned Bank Reconciliations & POS reconciliations on daily basis for uploading bank statements & clearing in SAP.
Preparing Banking letters to process the transactions including vendor payments, customer refunds, bank transfers, Shariah Compliant Deposits, Activate/ Unblock Credit Cards etc.
Arranging Letter of Credit & LC amendments required by different business units and ensuring LC clauses required by the supplier are aligned with the AAMs treasury policies
Checking for document arrival notification for LC discrepancies and cash against documents, arrange approval from respective BU, and process the same.
Arranging Letter of Guarantees within SLAs as requested by different business units
To sort out any discrepancy arising out of cashiering activities, coordinating with IT in finding solutions to resolve issues.
Verifying the commission rates for each card type for both QNB and Doha bank
PDC and Credit Card reclass posting based on data provided by payables team.
Preparation of Month End reconciliation file. To ensure that there are no long outstanding pending transactions in the reconciliation.
To regularly test the basic controls in SAP relating to cashiering system.
Communication with banks for queries, issues, payment account confirmation, SWIFTs, remittance details.
Communication with Business units for banking needs to share the exchange rate, payment status or for other financial metrics
Verifying cheques in RDC, clearing cheques and notifying sales team in SAP on alternate Saturdays.
