Chara Sachanidou

Corporate Finance professional for 15+ years specialized in treasury activities related to cash flow, borrowings, debt and financial risk management

Senior Treasury Specialist at NOVA SMSA (2015-09 – 2024-07)

Reporting directly to CFO

• Own the cash flow forecast (short and long term) and ensure adequate liquidity for working capital needs
• Daily update to top management of payments, collections and cash flows of Nova Group (consisting of five entities) as well as planning monthly payments
• Oversee group liquidity, cash management and banking & financial institution relationships
• Forecasting bank handling charges and loan interests
• Communicating and managing bank issues concerning corporate loans, time deposits, LGs, interest payments, internet banking, credit cards.
• Responsible for resolving all money collection issues(across the organization and including IT, commercial and credit control) working closely with our banking partners
• Responsible for consolidation of overdue suppliers payments report on a monthly bases
• Reconciliation on loan interests and bank accounts
• Accounting entries in respect of bank account reconciliation
• Cooperation with statutory auditors in terms of audits
• Issuance of boad loan, convertible loan, ic loan
• Experienced in collating and presenting financial information in respect of due diligence
• Responsible for the integration to the branch network of Volton
• redesigning the internal procedures of the department
• Led engagement with banking partners in delivering changes to our web banking following the rebranding of our product suite
• Streamlined product suite in line with cost cutting initiatives. Created control process in respect of refunds and product returns
• Negotiated and achieved significant reduction in banking fees and commission
• Issuance of complex letters of credit and Standby Letters of Credit (e.g. involving multiple banks, overseas banks, etc)

Credit Control Spesialist at NOVA SMSA (2010-10 – 2015-09)

Reporting to Financial control manager

• Monitoring inland and foreign fixed clientele debts and managing special contracts (sponsorships, releases, tv content etc.)
• dealing with customer and vendor adjustments for the total of Nova Group
• Forecasting collections
• Monthly processing of monitoring indicators (KPI's, DSO)
• Extracting customer reports, dispatching these files to collection agencies and receiving them back with the response of the collection agencies. Monitoring and inserting these data in corporate software.

Credit Control (Stores Network) at NOVA SMSA (2008-05 – 2010-10)

• Weekly monitoring of store collections and their yield to the corporation
• Logging these yields
• Keeping, monitoring and communicate with partners concerning the renewal their letters of credit.
• Monthly compliance of balances and adjustments for customers and vendors
• Extracting statistics on collections per store and product

Credit Control at NOVA SMSA (2006-09 – 2008-05)

• Dealing with balances of fixed clientele
• Customer and vendor adjustments
• Closing balances based on corporate credit policies
• Preparing obligor's files and forwarding them to the legal department

Consumer Loans (internship) at National Bank of Greece (2005-09 – 2006-03)

Business Administration in Business Administration – ATEI BUSINESS SCHOOL (2006)