Ashokkumar Jeyaraman
Sharjah
Summary
MBA (Finance) qualified professional brings to table 10+ years of chronicled success in Treasury Functions and finance. Professional treasury accountant skilled in the financial operating system, including monitoring cash flow in companies and controlling money transmission tools. The role includes managing liquidity, bank accounts, maintaining financial records, performing banking operations, handling the cash management system, and Hedging currency risk.
Overview
10
10
years of professional experience
2
2
Languages
Work History
Group Treasury Analyst
Petrofac International UAE LLC
07.2022 - Current
- Responsible for the group-wide daily cash reporting, inter-company funding and FX management, handling cash of 1bn USD across 33 currencies for more than 80 global legal entities and 10 joint ventures
- Liaise with bank to Issue, Amend & Cancel customer bank guarantees through unfunded facilities
- Prepare and present monthly outstanding guarantees report to management
- Tracking projects progress and providing regular updates to Banks and Management
- Trading FX spot, forward and swap transactions on FXall for funding, cash management, project and balance sheet hedging requirements
- Servicing of group-wide inter-company deposits in a timely manner, each subject to individual interest calculations and treatments as per the respective loan agreements
- Execution and redemption of short-term investments of surplus group funds via ICD
- Optimizing utilization of cash in line with 13-week forecasts
- Analyzing mark to market positions for all derivative instruments, capitalizing on favorable market positions, generating USD 12m profit on a group level
- Coordinating for system development within the Treasury department through TMS enhancement, Kyriba payment hub implementation and automation via robotic processes.
Treasury Accountant
Petrofac Projects & Services Pvt Ltd
Chennai,Tamil Nadu, India
09.2020 - 06.2022
- Manage Engineering & Construction business unit treasury activities
- Arrange the funds in the accounts-based AP & AR forecast
- Review standalone bank balances daily and arranges funds
- Ensure payment settlement smooth and timely manner
- Weekly actuals reporting to E&C management
- Coordinating with Group Treasury to fix currency forwards contracts with banks based on project team requirements
- Update banking mandate for all the E&C business unit entities
- Liaise with the bank and prepare & manage all KYC documents for the company accounts
- Liaising with Banks for ensuring smooth flow of transactions, providing any information or explanation required by the banks in a timely manner for processing transaction
- Providing details of bank accounts to auditors for circularization of audit confirmations during audits, arranging to send confirmations to the banks, follow-up with banks on a proactive basis, and obtaining confirmations
Treasury Process Lead
Flex Technologies
01.2014 - 09.2020
- Daily and weekly cash forecasting and liquidity planning
- Short-term borrowing decision managed $1B credit line.
- AP funding approver for global payments $2-4B monthly.
- Fixing currency Spot, Forwards & Swaps with banks based on the business requirement.
- Performing Advance & Balance sheet adjustment hedging activity.
- Processing FX settlements based on currency & deal type requirements of the respective business.
- Accurately and efficiently entering treasury payments and releasing within set timeframes.
- Manage new account opening and account closure for the company.
- E-Banking system administrator for various bank systems.
- Maintenance and improvement of AP and associated systems and acting as a point of contact for business queries.
- Reconcile Corporate /group account daily and close the unreconciled items
- Posting journal entries for cash, cash pooling & FX related transactions
- Periodical review SOX audit and compliance control, manage policy changes
- Maintain Intercompany loan database worldwide and update the status of expiration and exceeding the loan agreement amount to Corporate Treasury.
- Preparation of MIS report on Treasury process and weekly, monthly, quarterly reporting to senior management.
- Bank fees analysis and drive continuous cost reduction
- Have Implemented Cash Pooling and POBO/ROBO (Virtual Account) structures
- Have done RPA UAT testing & Implementation for Payments booking & Bank reconciliation process
Education
MBA - Finance & Marketing
Indian Institute of Planning And Management
Chennai, Tamil Nadu, India03.2012
Bachelor of Commerce - Commerce & Computer Applications
Madurai Kamaraj University
Madurai, Tamil Nadu, India04.2010
Skills
- Cash Management
- FX Hedging
- Trade Finance
- Treasury Payments
- Bank Account Management
- Bank Administration
- Bank & TMS Administration
Languages
English
Tamil
Timeline
Group Treasury Analyst
Petrofac International UAE LLC
07.2022 - Current
Treasury Accountant
Petrofac Projects & Services Pvt Ltd
09.2020 - 06.2022
Treasury Process Lead
Flex Technologies
01.2014 - 09.2020
MBA - Finance & Marketing
Indian Institute of Planning And Management
Bachelor of Commerce - Commerce & Computer Applications
Madurai Kamaraj University
Academics Certification
- MBA, Finance & Marketing, Indian Institute of Planning & Management, Chennai, 2012
- B.COM, Computer Application, Madurai Kamaraj University, Madurai, 2010
Personal Information
- Father's Name: K. Jeyaraman
- Date of Birth: 04/02/1989
- Marital Status: Married
Disclaimer
I hereby declare that the above-mentioned details are true to the best of my knowledge.
Academics Certification
- MBA, Finance & Marketing, Indian Institute of Planning & Management, Chennai, 2012
- B.COM, Computer Application, Madurai Kamaraj University, Madurai, 2010
Personal Information
- Father's Name: K. Jeyaraman
- Date of Birth: 04/02/1989
- Marital Status: Married
Disclaimer
I hereby declare that the above-mentioned details are true to the best of my knowledge.