Senior Team Member - Banking and Treasury Operations

Division

Finance

Department

Corporate Finance

Sub Department 1

Treasury

Job Purpose

Manage and analyse treasury accounting, ERP developments, month end provisions & foreign remittances for Cipla India and also provide information on IND-AS to ensure accuracy in accounting and timely payments.

Key Accountabilities (1/6)

1) Banking and Relationship Management : Developing and maintaining relationships with banks, negotiating terms, and managing banking facilities to support treasury operations and minimize costs.

• Develop and maintain bank relationships to ensure smooth treasury operations.
• Manage working capital facilities and liaise with banks for routine operations.
• Negotiate bank pricing to secure favorable terms and minimize costs for banking services/products.
• Evaluation and implementation of cash & working capital management products.

Key Accountabilities (2/6)

2) Cash Management & Forecasting : Managing the company’s cash flow, forecasting cash needs, and optimizing cash utilization across domestic and international entities.

• Prepare and manage routine cash position reports
• Analyze cash forecasts for domestic and overseas entities for optimal cash utilization.
• Monitor global cash positions and Analyze reasons for cash movement.
• Evaluate and implement cash and working capital management products.
• Manage domestic intercompany loan positions.
• Identifying opportunities to improve cash management processes and driving efficiencies.
• Handling Dividend payment for Cipla and group companies.

Key Accountabilities (3/6)

3) Investments : Managing the treasury investment portfolio and retirement funds, assessing performance, and ensuring optimal returns within approved guidelines.

• Handle and liaise with advisors for treasury investment portfolios for the parent company and group companies.
• Assess investment performance and recommend changes to improve treasury yields.
• Manage retirement fund (PF & Gratuity) investments, ensuring optimal returns and safety within statutory guidelines.
• Prepare cash flow and investment proposals for evaluating investments.

Key Accountabilities (4/6)

4) Reporting and Analysis :Preparing financial reports, analyzing variances, and providing insights to support strategic and operational decision-making.

• Prepare cash flow and investment proposals, including economic and industry comparisons.
• Develop and prepare treasury reporting for the CFO and Board.
• Perform accounting, book closure for treasury, GL reviews, and monthly variance analysis.
• Prepare schedules and reports for financial reporting, including annual reports.
• Prepare global currency forecasts for the upcoming financial year.
• Provide periodic and ad-hoc reports for regulatory purposes.

Key Accountabilities (5/6)

5) Compliance & Controls : Ensuring that all treasury operations adhere to internal policies, statutory guidelines (e.g., RBI regulations), and industry best practices. It also involves establishing and maintaining robust internal controls to mitigate financial risks and support audits for treasury operations.

• Ensure compliance with RBI regulations and guidelines.
• Ensure compliance with internal controls, SOPs and operation guidelines.
• Proactively interact with statutory and internal auditors for treasury operations.
• Designing, implementing, and maintaining systems, policies & procedures to facilitate internal financial and process controls including IFC and internal SOPs.
• Implement audit action plans and suggestions, proposals for new control measures to mitigate identified risks including updates to treasury policies and procedures to ensure compliance and strengthen controls

Key Accountabilities (6/6)

6) Systems and Process Improvement : This cluster focuses on designing and implementing systems, policies, and procedures to enhance treasury operations, support ERP automation, and driving continuous improvement in treasury operations.

• Provide SAP support for automation and smooth functioning of ERP (Treasury), including leading SAP developments for treasury projects.
• Identify opportunities to improve treasury processes and drive efficiencies.
• Business partnering and liaising with cross-functional teams in finance and business

Major Challenges

• Complicated jurisdiction overseas for managing bank operations.
• Cash Flow projection is dependent on information from BU Finance
• Dynamic environment of banking and investments with every changing regulatory and technological development

Key Interactions (1/2)

INTERNAL 

• GSS/FSS (daily/monthly) for information on vendor payments, collections, reporting requirements etc.
• Legal Team (need based) for legal opinion on financial documents and reports
• Secretarial (need based) for all compliance related documents
• Business Finance (need basis) for information on cash flows, projections and funding etc.
• SAP/IT (need based) for all issues related to system development and functioning
• Corporate Accounts (periodically) for reporting activities.
• Internal Audit Team (need based) for internal audits, IFC related matters

Key Interactions (2/2)

EXTERNAL

• Bankers (daily/monthly) for information on transactions, reports, and financial analysis.
• Mutual fund houses (daily/monthly) for information and analysis on mutual fund investments and profit.
• Investment Advisors (daily/monthly) for information on transactions, reports, and financial analysis

Dimensions

• Cash Flows of INR 25,000+crore and Investments of INR10,000cr+
• Global review of banking relations of 20+ Banks with 100

Key Decisions (1/2)

Decisions :

• Decisions on specific investment allocations for surplus funds and retirement funds
• Optimal allocation of cash for short-term investments vs. operational needs

Key Decisions (2/2)

Recommendations :

• Recommend banking partners or products based on cost-benefit analysis.
• Proposals for new cash and working capital management products
• Recommend adjustments to the investment portfolio to enhance yields or reduce risk
• Suggest improvements to financial reporting, policies and procedures to strengthen internal controls.

Education Qualification

Qualified CA / CMA / MBA in Finance

Relevant Work Experience

• 4-8 years of experience in Treasury, Accounting, Fund Management & SAP/TMS ERP.
• Analytical skills, problem solving skills with attention to details, negotiation skills and good communication skills.