Ajayakumar Rajasekhara Kurup

Accomplished and a systematic corporate treasury professional with 16 years of excellence in areas of finance and treasury management, supported by strength in fund management, risk management, financial reporting, accounting operations, reconciliation, audit, public relations / communications and business administration. 

• Al Jadeed Exchange LLC, Sultanate of Oman

       Senior Treasury Manager : June 2015 – December 2022 :-

• Analyzing and performing appropriate hedging and dealing activities with local and overseas banks, tie- ups for the covering of remittance business in various currencies. 
• Manage all foreign exchange risk transactions every day by analysing and forecasting of  global financial market trends, plan and perform the required deals to tackle market volatility risks. 
• Support frontline sales team by providing better exchange rate on demand of market competition.
• Pooling and managing of funds from various sources and maintaining adequate cash flow at all tie up locations, cash flow planning and forecasting.
• Arrangement, monitoring and follow up of all local fund transfers, SWIFT transfers to Foreign Banks and tie ups towards the settlement of bank notes and remittance business.
• Accounting and posting of deal entries and fund transfers, Bank Reconciliation, maintaining proper records of all market liquidity processes up to date.
• Revaluation of Bank ledger accounts on a daily basis and review.
• Reporting of daily and monthly treasury activity reports to Senior Level Management.
• Periodic review and analysis of treasury margins of respective correspondent banks with dealt rate and sales for planning and improvement.
• Updating exchange rates at branches, mobile application and website at regular intervals as per market volatility.
• Providing confirmations and record maintenance of customer deposits to various local bank accounts.

                Branch operations /Accountant/ Internal Audit & Compliance  - Oct 2011 – May 2015 : 

• Reporting of suspicious transactions to Financial Intelligence Unit (FIU)
• Review and monitoring of suspicious transactions on regular basis
• Branch Internal Auditing and submission of reports to the General Manager
• Back office works includes Electronic Fund Transfer (Remittance transaction file allocation to various correspondent Banks, remittance queries, amendments & cancellation).
• Preparation and submission of Payrolls to Banks
• Petty cash, other accounts work, funds allocation & management to overseas Banks & MTOs
• Forex Management at corporate treasury office
• Reconciliation of Bank, Inter branch and Money Transfer Organization (MTO) ledgers.
• Branch in Charge duties on deputations & Bank notes management
• Joined as Customer care executive at Branch level

• Ensure Outdoor Advertising Pvt. Ltd., Andheri, Mumbai, India

       Accounts & Admin Officer  - Feb. 2009 - Sep. 2011: 

• Independently handling accounts department   
• Monitored accuracy and timely submission of monthly financial statements to Management
• Preparation & submission of Trail Balance, P&L & Balance Sheet thru Tally software
• Fund allocation & management though various Bank accounts
• Maintaining Cash Book, Bank Book, Bank Reconciliation in Tally
• Preparation of Sales Invoices and payments follow-up
• Preparing, maintaining & filing of Service Tax, CE-VAT & ETDS Returns
• Prepared company accounts and tax returns for audit   
• Maintenance of staff leave records, salary preparation & disbursement and payroll activities.
• Office Administration works

• Hercules Automobiles Int'l Pvt. Ltd., Alappuzha, Kerala, India 

        Accounts Assistant  - Mar-2006 - Jan-09 : 

• Maintaining Cash Book, Bank Book, Bank Reconciliation
• Maintaining Payables, Receivables, Inter Branch transactions
• Preparing, Maintaining & Filing of Service Tax, Central Excise Tax
• Vendors payments, Petty Cash handling

• M.B.A (Finance & Marketing) - Anna University, Chennai - 2006
• Bachelor of Commerce - Kerala University – 2004