Hatem Al-Baiti

Leading the centralized treasury management and banking relationship for over 8 startup companies serving in social investments projects & operations, solving a major problem in the foundation of the Finance Dept.

• Developing strategic plans for day-to-day financial operations.
• Implementing and establishing internal controls and policies.
• Preparing cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Processing payroll, vendor payments, commissions and all accounting disbursements for accuracy and compliance.
• Managing Collection & Disbursements planning
• Conducting scenario and risk analysis
• Daily cash management and debt facilities reporting
• Maintaining relationships with banks.
• All cash management and financial transactions, transfers, mandates, payments to affiliates, and transfers between company accounts.
• Account management with all banks.
• Updating all relevant documentation with banks.
• Opening/Closing/Updating bank accounts.
• Proper pooling of surplus cash.
• Issuing Letter of Credit/Bank Guarantee
• Internal communication with the executives, purchasing, logistics, sales, operations, IT, HR, business planners, and accounting AR/AP team. As for external communication, communicating with banks and financial institutions.

Achieving sales income of over 120,000,000 SAR in one of the major stores by:

• Managing: day-to-day operations of business in store financially
• Supervising: cashiers opening/closing reviewing over/short
• Daily Reporting: store reconciliation and sales reports to HO
• Documents: bookkeeping hardcopies sending scan copies of docs
• Deposit: Follow the SOP of cash handover to authorized company
• Startup: counting startup cash daily ensuring amount maintained
• Funds: reporting all Receipts & Payments in excel sheet monthly
• Manual Invoices: solving or reporting of any pending manuals
• Support Business: Following HO guideline for any occasions
• Banking: maintaining relationship for chq deposit/withdrawals