Mwaffaq Shaar, Treasury E-mail:firstname.lastname@example.org
Manager Phone: 009**********
Name Mwaffaq Shaar
Birth date OCT 16 . 1965
Martial Status MARRIED
Residence Of JORDAN
AL JOUF Cement CO “KSA”, April 2009 – Feb 2017, Finance and Treasury Manager.
Lafarge – Jordan Cement Co “Jordan”, Jan 2007 – Mar 2008, Treasury Manager.
Lafarge – Jordan Cement Co “Jordan”, Oct 2001 – Dec 2007, Head Section of Foreign Trade and Banking.
Jordan Cement Co “Jordan”, Aug 1992 – Oct 2001, Accountant in the Foreign Trade Section.
Commercial Facilities Co “Kuwait”, Oct 1989 – Mar 1992, Investment Accountant.
Bachelor of Commerce,Finance, 1985 –1989.
Mysore University, India – Mysore.
Mar 2008, Certify in Treasury instrumentsfrom Lafarge head office,Paris- France.
Mar 2007, Certificate in Foreign Exchange Workshop/Bourse Gamefrom Citi Group, Amman – Jordan.
Sep 2007, Certify in Financial & Cost Accountingfrom Sky Institute Of Technology, Amman – Jordan.
Sep 2007, Certify inMeet The Groupfrom Lafarge University, Malaysia.
Mar 2007, Acknowledgment in Support the implementation of the project team JDEfrom Jordan Cement Company, Amman – Jordan.
Aug 2006, Certificate in International financial reporting standards IFRS fromTalal Abu Ghazaleh Professional Group, Amman – Jordan.
April 2006, Acknowledgment in Sarbin Oxley Controlsfrom Jordan cement Company, Amman – Jordan.
April 2005, Training Course in Value Of Enterprise Project Management Trainingfrom Method, Amman – Jordan.
May 2004, acknowledge inWin deal For Spot FX ( Mock Dealing Room )from Institute Of Banking Studies, Amman – Jordan.
Jul 2003, Cambridge Skills Award inIt Skills, standard level module certificatefrom Palestine Modern, Amman – Jordan.
Jun 2002, Training Course in Bank guarantees and letters of guarantee, bank draftsfrom Applied Science University, Amman – Jordan.
Nov 2000, Training Course in INTERNET,WINDOWS 98,WORD 2000, EXCEL 2000 from Palestine Modern Center, Amman – Jordan.
Jul 2000, Training Course in MS EXCEL 2000from Palestine Modern Center, Amman – Jordan.
Sep 2000, Training Course in Financial Statement Analysis and statement of Cash from Ishtar for Training, Amman – Jordan.
Aug 1999, Training Course in Dealing in foreign currencies and the rights of op fromJordan Institute of Management / Industrial Develop, Amman – Jordan.
Aug 1997, Training Course in Cash-flow management and working capitalfrom Jordan Institute of Management / Industrial Develop, Amman – Jordan.
May 1997, Training Course in The design of financial statements using excelfrom Jordan Institute of Management / Industrial Develop, Amman – Jordan.
Jun 1996, Training Certificate inDos & windows & excel 5from Palestine modern Center, Amman – Jordan.
Nov 1995, Training Certificate in Practical financial accounting coursefrom Al Masoud office for auditing, finance and tax co, Amman –Jordan.
April 1993, Training Course in Letter of Credits fromJordan Institute of Management / Industrial Develop, Amman – Jordan.
Jan 1989, Training Course in computer awareness programfrom zephyr computer academy, India.
Improvement and development of financial reporting, which helps in making the right financial decision.
Develop administrative procedures to work, and was reduced by reducing the number of staff in the department.
Organization of action steps within the clear guidance of the staff, led to the accuracy of action and delivery on time management.
Establishment of a secure financial conditions are subject to international norms in all contracts for capex projects.
The first industrial company are doing electronic bank reconciliations, a complete draft was circulated and negotiation with all parties concerned for a period of two years, and has managed the project It has been well received in the company's administration and other services, which had an impact on the reduction of daily working hours and work completion in a timely manner.
Profit gains from derivatives process in the fiscal prudence.
Development of the insurance company's assets, and reduce the monthly installments.
Anticipate cash needs from the operations, take necessary actions to ensure liquidity through internal or external sources, in a secure and optimised manner
Manage daily treasury operations such as financing, investment, foreign currency risk identification and hedging management. Manage banks relationship
Build cash forecasts of the BU’s cash position and communicate to relevant parties Review cash needs against historical data & forecasts, and plan daily operational cash requirements for all BU locations
Negotiate and implement short term banks facilities (overdrafts, LCs) required to secure daily financing *
Reconcile month end closing treasury data to accounting figures and resolve any discrepancy with Accounting Department * Ensure correct documentation and filing of all financial transactions * Define in local treasury procedures the rules to ensure that petty cash is handled in a secure manner *
Establish and maintain good professional relationships with authorized banks
Regularly review terms and conditions with banks through annual tendering *
Ensure optimal number of bank counter parties and accounts to maintain control over all transactions and optimise costs * Monitor service received against expectation and cost, and compare actual charges and conditions (interest, value dates, commissions, etc.) against negotiated ones *
Investment & FINANCING
Responsible for managing the company’s financial commitments, debt covenant compliance and related questions
Identify and manage short term investment & Financing needs Optimise medium & long term financing in coordination with management
Keep aware of financial products available in the market, evaluating opportunities for optimized financing
FINANCIAL RISK MANAGEMENT
Re-assess regularly bank counter-party risk *
Identify and manage the hedging of foreign exchange and interest rate exposure
Trade Finance Administration
Managing letters of credit and bank guarantees and facilitating changes here-to (if needed).
Administer the company’s insurance function including: overseeing programs to minimize risks and losses that may arise from the operations undertaken by the company, manage the company’s insurance budget, coordinating with the insurance companies in order to secure the best possible terms for the protection of the company’s interests and property from insurable risks, manage annual renewal of insurance programs, preparation of claims, discussing claims with head office and loss adjustors, reviewing the existing risks and identifying new risks on a regular basis.
RELATION WITH OTHER FUNCTIONS
Work in close co-operation with :
Plants’ Purchasing Function (to ensure in-depth common understanding of Finance & Purchase, and effective daily co-operation of the different teams)
Legal Affairs Officer
ORGANISATION AND PEOPLE DEVELOPMENT
Manage Treasury team under my responsibility and develop their skills.
Share experiences and good practices among the treasury community Participate to the Group treasury community activities (annual meeting, workshops, etc.)
Good communication skills.
Enjoy team spirit.
Willing to learn and ready to accept any future challenges.
Able to strategize, and act in complex situations.
Critical thinking and problem solving skills.