Salim Shaikh

About Salim Shaikh

Please suggest if we can discuss in relation to opening for my profile of Treasury. I…

Experience

1. Senior Manager Treasury Emea

   Foundever

   Aug 2023 — Present · Mumbai, IN

   Manage daily cash operations, including cash positioning, forecasting, and liquidity to ensure sufficient balance in right account (local / currency) to ensure cost optimization i.e. minimize the borrowing cost and optimize returnImplemented global 6 month rolling cash flow forecast to understand short coming liquidity needs as well as sufficient facility headroom to cover the needCultivate and fostering strong relationships with local and overseas banking partners Coordinate with banks on account openings, closings, and other KYC related activities.Evaluate banking services and fees to identify opportunities for cost savings and process improvements.Develop and implement treasury policies, procedures, and controls to ensure compliance with internal controls and regulatory requirements.Monitor and mitigate treasury-related risks, including interest rate risk, foreign exchange Prepare short-term (weekly rolling up to monthly) and long-term cash flow forecasts (monthly rolling up to 6 month) to understand the borrowing needs if shortfall and investment decisions if there is an excess.Analyze cash flow drivers and variances to forecast accuracy and provide insights for management decision-making.Project lead for implementation of a Treasury Management System (Kyriba), Payments Transformation and automation for Foundever globally through Swift connectivity in 4 regions (US, APAC, EMEA and LATAM) for 48 countries. Project include implementing automatic payments in Swift format (MT101 and XML) with integrated payment from ERP (SAP) to Kyriba (Post approval in Kyriba) to bank for third-party vendors, Interco payment, Domestic and International payments (fx) payment. For maximum control purposes Global payment approval matrix is embedded in Kyriba. Finally, reporting back of bank statement (MT940 and MT942) from bank to Kyriba (Cash recon) and to ERP (for bank recon). Acting as an administrator for Kyriba for core data setup, User administration etc.