SAHANARA SHAIKH

Cash Management

• The most important responsibilities of above mentioned designation are making (Trade Settlement) payments to the right clients at the right time.
• Making Domestic and Foreign FX payments using IBAN & Swift codes.
• Client money protection for funds for which deal has not been placed.
• Making internal transfers (Inter Company Transfers) within the SLA and before the deadline ends via various modes of payments like Telegraphic Transfer (TT), Bank Automated Clearing System (BACS) and Cheques.
• Handling all accounts payables and receivables for cash management.
• RBS,Natwest, Barclays and HSBC bank line user.
• Mailing and interacting with the Management companies and clients, solving their queries and issues via E-Mail and conferences related to their investments.
• Deep Analyzing and researching for outstanding funds and payments client status on investment.
• Processing multiple task of different management companies at a time
• Maintaining Treasury and sending treasury balance to management company, so that they come to know whether they are dealing with profit or not.
• Making payment and receipt entries on settlement of trade as per mandate (T+1 to T+4).
• Providing training to new trainees.

Brooks Macdonald - (06/10/23)

Transitioned to a new project team within Brooks Macdonald to spearhead the development of innovative financial software solutions.

Responsibilities

• Payment Processing :Initiate and process payments to clients, including standing orders, adhoc payments, and settlement payments.
  Utilize RBS Bankline ,HSBC,ALLFUNDS,BNP portal for payment processing, ensuring accuracy and adherence to established procedures.
• Cash Transfer Management :Handle cash transfer requests, including transfers between income and deposit accounts, as well as clearing uncleared withdrawals for individual portfolios.
  Facilitate withdrawal requests and manage funds expected for investment purposes, ensuring timely and accurate processing.
• Credit Funds Reconciliation :Reconcile credits funds received on Bankline, verifying the nature and source of the funds.
  Investigate and categorize incoming funds, distinguishing between client funds, pension provider payments, and third-party payments.
  Liaise with the FCP team to confirm the legitimacy of third-party payments and obtain approval for fund application to client portfolio accounts.
• Treasury Management :Monitor inflows and outflows in client office accounts to maintain accurate records of cash movements.
  Identify and address any shortfalls or discrepancies, taking necessary actions to ensure sufficient funds are available.
  Identify and address any shortfalls or discrepancies independently, taking necessary actions to ensure adequate liquidity, prevent negative balances in client accounts, and minimize delays in client payments processed through Bankline.
• Training and Mentorship :Provide training and mentorship to other team members, sharing knowledge and best practices related to payment processing, cash transfer management, credit funds reconciliation, and treasury management.
  Collaborate with team leads or managers to identify training needs and implement strategies for continuous learning and professional development within the team.

• Responding and chasing Client for the required docs for settling of deals
• Identify the Overpayment/underpayment for the deals placed
• Contacting Clients/Banks/Trustees, for various deals related issues
• Daily reconciliation of Internal and External cashbook for FCA reporting and quality Checking for the same
• Providing clients and Trustee Month End packs according to their specification required
• Working in tight SLA's and Deadlines and under High pressures
• Actively participating in Client calls, held either to discuss some critical issues faced by the Team or for training on some newly discovered cases
• Investigate daily reports and resolve outstanding items.