Megha Raithatha
Experienced in Banking/ Treasury back office role, payments and reconciliationLeader with expertise in Back Office Operations for Banking and Financial Institution with knowledge of swift messages and global cutoff on cash management and currency payments
- Managed treasury functions including accounting receivable, payables, posting of Sales invoice, business MIS and reviews, strategic & annual planning
- Successfully implemented significant improvements in accuracy and timeliness of cash management and reporting; ensured strong communication with financial stakeholders (trade finance, Deals desk, internal auditors) to build credibility.
- Rectified several inconsistencies in process by implementing stringent internal control procedures leading to more transparency and saving money for company
- Secured Best Performer Award in Sep’17; successfully managed to save cost for department by negotiating waiver of charges and fees levied by banks; restructured process by creating SOP for APAC Coverage Team
- Streamlined APAC Treasury Team through negotiations with Banks and Trade Finance Team in Singapore by introducing changes in managing daily BAU activities
- Spearheaded a team managing treasury functions, accounting reconciliations and ensured that they operate within limits set and follow the operating ethics; managing the trading in various instruments for enhancing the profitability
- Actively monitoring policies, procedures, ethics codes & standard work practices for different aspects of the treasury function to ensure adherence to relevant laws and regulations
| Last Resume Update | May 27, 2019 |
| Address | Dubai, United Arab Emirates |
| [email protected] | |
| Phone Number | +971544815582 |
Experience
Senior Treasury Analyst
- Co-ordinating with Trade Finance Team and Deals Desk for financing of deals booked as per Oil, Coal & Metals, managing daily demurrage purchase & FX payments, sales invoice posting; ensuring cut off times are met along with treasury reporting
- Working on demurrage receipts & account reconciliation; ensuring daily deadlines and postings accuracy, interacting with Compliance Team for screening process of counter party new accounts updating in system, and managing settlement and pre-payment of loans from export proceeds through Securitization
- Supervising end-to-end settlement for Financing, payments processing, updating records on weekly MTM surplus/deficit for Weekly Loan Financing by banks; reporting excess / surplus funding of accounts to corporate funding team on weekly basis
- Calculating overdraft interest & issuance of interest claim to counter party and following up for same
Associate
- Managed equity swaps, initiated client’s account profile, updated SSI, ensured settlement of Swaps / Futures/ Stock Trade was completed on T+2 or T+3 trade cycle through wire transfer or settlement journal
- Worked on trade allocation, maintained adherence to currency cut-off, conducted investigation for timely resolution of failed settlements, collaborated with business stakeholders (PB Desk, Equity Middle Office & Trading Desk)
- Addressed dividend related discrepancy, provided timely resolution during dividend peak season, provided assistance to Director in Ad-hoc Request and successfully migrated process from Shanghai to Mumbai Operations
Analyst
- Worked on amendments, recalls, back valuation and kickback of payment transfers, created SWIFT messages for recalling funds paid in error, processed intra-company transfers through multiple swift message by maintaining currency cutoff
- Supervised Cash Management and Settlement Team to ensure credits & debits under cutoff time, updated counterparties and internal teams on SSI changes, and prepared MIS to update flow of money to regional teams post settlement
- Managed reconciliation & calculation of Nostro Interest, charged by agent bank on Long/Short Balances in Nostro Accounts
Team Member
- Worked on the processing & investigation of multiple currencies for wire transfer & FX transactions, prepared SWIFT messages on PRPC, and managed critical process of cancellation for high value wire payment
- Dealt with reconciliation of Nostro accounts along with Global Wealth Management for wire transaction enquiry; addressed “Back Valuation Queries” and “Forward Valuation Queries” for all currencies
- Assisted Compliance Team for AML investigations, developed MIS reports, provided updates to global management and managed projects for enquiry reductions
Education
Post Graduation Diploma in Financial Management
M.Com( Accounting and Finance)
B.COM ( Accounting and finance)