SELIM AHMED ABOUTALEB
Group Treasury Section Head
New Cairo,Cairo
Summary
Group Treasury Section Head of 7+ years of experience in IT services & consulting, Insurance and Real estate industries. With Professional Experience of supervision of internal control, Management, and monitoring of daily cash management transactions, Reporting cash operational activities, execution of investment transaction along with cash flow projections preparations and development of bank relationships. Seeking to leverage leadership of cash management, maintenance of corporate liquidity, financial stability, operations, policies, and budgets related to treasury activities,Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.
Overview
8
8
years of professional experience
11
11
years of post-secondary education
4
4
Languages
Work History
Group Treasury Section Head
Benya Group
New Cairo
10.2023 - Current
- Company Overview: IT Services & Consulting
- Prepare treasury reports (Weekly cash position, Monthly cash flow, Daily cash balance) to be reported to CFO
- Contribute in the selection of the financing banks & structuring of facilities
- Maintain short- and medium-term investment / deposits - loans to ensure security and maximize revenue from placement of these funds
- Cash Flow Management: Monitor and forecast cash flows to ensure that the organization has adequate liquidity to meet its financial obligations
- Bank Relationship Management: Maintaining relationships with banks and financial institutions to negotiate favorable terms for banking services, such as account fees, interest rates, and credit facilities
- Cash Handling Policies: Establish and enforcing policies and procedures for cash handling, including cash collections, disbursements, and reconciliation, to prevent fraud and ensure accuracy
- Process Improvement: Continuously evaluating and improving cash management processes and systems to enhance efficiency, accuracy, and control
- Strategic Financial Guidance: Provide financial insights and recommendations to senior management to optimize capital allocation, investment decisions, and business performance
- Payment Processing: Manage the processing of payments, including wire transfers, ACH transactions, and electronic funds transfers
- Ensuring payments are executed accurately and in a timely manner
- IT Services & Consulting
Treasury Supervisor
The ARK Development
New Cairo
01.2023 - 10.2023
- Establish the treasury function
- Ensure the maintenance of corporate liquidity and financial stability
- Prepare treasury reports (Weekly cash position, Monthly cash flow, Daily cash balance) to be reported to CFO
- Contribute in the selection of the financing banks & structuring of facilities
- Review incoming and outgoing payments and financial transactions for accuracy
- Negotiate with banks on daily basis and maintain good relationship to facilitate company cash flow
- Manage and execute the bank documentation process for account opening/ closure
- Review and negotiate all contracts under processing
- Streamlined banking relationships, resulting in improved services and reduced costs.
- Implemented process improvements within the treasury department, resulting in increased efficiency and reduced operational costs.
- Improved liquidity management through the diligent evaluation of short-term investment opportunities.
Senior Treasurer
AXA EGYPT
New Cairo, Cairo
01.2020 - 12.2022
- Cash flow management
- Prepare treasury reports (Weekly cash position, Monthly cash flow, Daily cash balance) to be reported to CFO
- Maintain short- and medium-term investment / deposits - loans to ensure security and maximize revenue from placement of these funds
- Review incoming and outgoing payments and financial transactions for accuracy
- Negotiate with banks on daily basis and maintain good relationship to facilitate company cash flow
- Oversee and support the treasury team in the daily operations to finalize and progress all pending issues
- Manage and execute the bank documentation process for account opening/ closure
- Process monthly bank reconciliations
- Managing intercompany balances
- Team Leadership: Providing leadership, guidance, and support to the treasury operations team
- Overseeing training, performance management, and professional development initiatives to ensure the team's effectiveness and growth
- Reviewed processes and procedures to guide program implementation and optimize auditing.
Treasury Analyst
AXA EGYPT
New Cairo, Cairo Governorate
02.2017 - 01.2018
- Update daily bank position
- Allocate premiums collected on system
- Execute payments for suppliers, customers
- Extract daily banks statements
- Monthly bank reconciliation
- Communications with banks
- Evaluated banking relationships to optimize service levels, minimize fees, and maximize interest income on excess balances.
- Worked closely with external auditors during annual audits, providing detailed information about treasury processes as required.
Education
MBA - Finance and Banking
ESLSCA Business School
6 October 06.2019 - Current
Bachelor's Degree - Finance and Investment
MUST University
6 October 09.2008 - 09.2014
Skills
Word
Excel
Power point
Problem-solving
Performance improvement
Adaptability and flexibility
Problem-solving abilities
Teamwork and collaboration
Decision-making
Team collaboration
Employee motivation
Training
- AXA-Egypt Learning Ambassador for 2020-2021
- AXA Culture transformation project ambassador 2020-2021
- The 12 Guidelines of Effective Time Management (Coursera)
- The Four Keys to Develop Self-Esteem (Coursera)
- Leverage Diversity (Coursera)
- Influential Business Communication Workshop course
- LOMA 281 - Meeting customer needs with insurance and annuities
- Emotional Agility
Availability
1 Month from the date of confirmation of the offer
Timeline
Group Treasury Section Head
Benya Group
10.2023 - Current
Treasury Supervisor
The ARK Development
01.2023 - 10.2023
Senior Treasurer
AXA EGYPT
01.2020 - 12.2022
MBA - Finance and Banking
ESLSCA Business School
06.2019 - Current
Treasury Analyst
AXA EGYPT
02.2017 - 01.2018
Bachelor's Degree - Finance and Investment
MUST University
09.2008 - 09.2014
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