Sr. Team Member - Banking and Treasury Operations

Division

Finance

Department

Corporate Finance

Sub Department 1

Treasury

Job Purpose

Manage the treasury operations related functions of forex, cash management, internal and external compliance and reporting relating operations.

Key Accountabilities (1/6)

1.Manage fund arrangement to ensure availability and optimum utilisation of funds for India entities.

• Arrange funds and monitor its utilisation as per overall business objectives.
• Maintain minimum bank balances - ensure optimum utilisation of funds.
• Deployment of effective cash pooling mechanism tools to monitor and analyse funds utilisation.
• Continuously monitor the bank balances and acquire regular cash flow projections and reports from finance controllers to avoid the accumulation of idle cash.
• Maintain and update cash management/reporting software and tools.

Key Accountabilities (2/6)

2.Analyse investments of the Organisation to optimise risk-free return on time by combining information in the cash forecast and working capital management activities.

• Analyse investment options for the risk returns parameters and suggest investment options to optimise return on investments.
• Analysis and review of company portfolio to ensure optimum deployment of cash to ensure safety, liquidity and returns.

Key Accountabilities (3/6)

3.Ensure timely reporting & audit compliance.

• Preparation on monthly reports for management review.
• Periodic reports, documentation and statements for financial closure and audit process.
• Maintain continued compliance and self-assessment on IFC guidelines.
• Close the audit findings and suggested improvements by effective resolution in timely manner.
• Complete compliance (Blackline Tool) and documents on a regular basis in a timely manner.

Key Accountabilities (4/6)

4.Banking Facilities, Payment Products and account maintenance for India entities.

• Review of bank accounts, signatories, limits and bank mandates including CRILC.
• Monitoring Credit card Program.
• Manage signatory list in all bank accounts to cater to efficacy and controls including IFC/IA guidelines.

Key Accountabilities (5/6)

5.Manging Credit Rating for Bank Facilities and other debt instruments.

• Co-ordinate with Credit Rating Agencies for rating process of working capital facilities with banks and debt instruments.
• Prepare information deck, arrange management discussion meetings and reviews.

Key Accountabilities (6/6)

6.Monitor the accounting of MFs, FDs and Inter-corporate deposits to ensure timely reporting of P&L

• Managing accounting of MFs, FDs, ICDs to ensure all transactions are accounted.
• Revalue all foreign currency bank GLs to adherence to accounting guidelines.
• Ensuring completeness with appropriate accruals and provisions as per accounting principles and guidelines.

Major Challenges

1. Acquiring cash flow projections from different users on a regular basis.  Overcome by – Intimating the users beforehand to avoid possible delays.
2. Ensuring timely and accurate dissemination of information by various locations and sources Overcome by - Leveraging SAP/Other tools to achieve automation
3. Monitoring compliance and timely reporting by various stakeholders Overcome by - Using blackline tool, internal review meetings

Key Interactions (1/2)

Internal

• Legal (need basis, consultation, opinions, regulatory discussion)
• Secretarial (need basis, consultation)
• FPnA (need basis, data requirements)
• Corporate Accounts (need basis, data requirements)
• Finance Controllers (need basis, data requirements)
• GSS/FSS (need basis, data requirements)
• Taxation (Opinions, Regulatory)
• SAP/IT (System developments & issues)

Key Interactions (2/2)

External

• Banks and other financial institutions (regularly, for transactions)
• Mutual fund houses ((regularly, for transactions))
• Credit Rating Agencies (need basis, rating process)
• Treasury/ Finance service providers – for analytics and improvisation tools (need basis, projects)

Dimensions

1. Annual cash flows of over $2.9 bn
2. Locations across India: 20+

Key Decisions (1/2)

Decisions

• Management of Cash and Investment Operations
• Banking Facilities and account maintenance

Key Decisions (2/2)

Recommendations

• Selection of Mutual Fund schemes for investment & redemptions
• New developments in SAP, adoption modern TRM tools & software and approval for costs involved

Education Qualification

Qualified CA/ MBA (Finance)/ CMA.

Relevant Work Experience

4-5 years of experience in corporate treasury in large global manufacturing firms handling responsibilities in forex and banking operations, related financial reporting, statutory compliances, internal control, and MIS. Analytical & problem-solving skills with attention to details, negotiation and good communication skills required.