-Monitors financial position, activities and capital structure and the respect of covenants given to banks and third parties and hedging arrangements, as applicable.-Works with banks to run daily operations and keep the working capital lines well managed and controlled and provide the banks with all required information and prepare the reports to renew and update the granted facility lines after negotiations based on the banks needs.-Manages interest rate risk by continuous exploring of a better market price and introducing new competitive banking relationships to the board.-Prepares a cash flow forecast. Review this regularly on a daily/ weekly basis and ensure the cash is being managed properly. With insuring regular payments of payroll taxes, salaries, and VAT.-Develops appropriate key performance indicators to monitor and drive the financial performance of the group members.

Bayt