Deputy Manager – Treasury

2 months ago


Chennai, India MNC Group Full time

Hi,


We are hiring -


Profile for the position – Deputy Manager – Treasury

Company - Manufacturing

Qualifications - M.Com / MBA/CA Inter or Final

Experience - 09 – 12 Yrs

Location - Chennai

Language - Tamil / English

Other Requirements - Should be adept in MS Excel

SAP Experience is must

Maximum Budget – 24Lacs. PA


Please share CV on neha.k@ipsgroup.co.in (mention subject line - Deputy Manager – Treasury, Chennai)


The Treasury Manager – Corporate Treasury is responsible of the cash performance follow up of her/his scope, the securitization of the cash, the management of the treasury activities and the relationship with Banks locally.

  1. The mission is to contribute to cash flow optimization/reduction of finance cost through Working Capital management.
  2. Ensures daily follow up of cash balances.
  3. Manages balance sheet currency hedging.
  4. Ensures monthly cash reporting of the entity including site/plant wise and performs analytical review and provides the Head Treasury/Group CFO with comments on performance.
  5. Prepares Daily cash forecast with detailed plan of action.
  6. Ensures compliance with internal control policy.
  7. Manages relations with banks and third parties.
  8. Handling credit rating agencies
  9. Experience in SAP, MIS and any Treasury Automation Tools

Responsibilities

Cash management:

  1. Monitor payment cycles
  2. Monitor and reconciles daily bank accounts
  3. Manage bank account openings, delegation of signature in respect of rules and policies
  4. Perform liquidity management , manage local financing and deposits
  5. Control and manage bank guarantees received from supplier
  6. Prepare /manage bank guarantee issuance and follow up
  7. Manage RBI reporting and filings
  8. Monitoring receivables accounting and tracking collections.

Internal control & Compliance

  1. Monitor and drive Internal Control improvement plans to mitigate risks
  2. RBI returns and other legal compliances related to treasury function
  3. Follow up and ensure execution of action plans by the Department for compliance

Cash reporting:

  1. Prepare cash forecast & actuals - reporting for all cycles: Business Plan, Revised Estimates every quarter
  2. Perform analytical review and support site/plant working captial
  3. Follow up cash optimization actions
  4. IDPMS / EDPMS Compliance


Working capital optimization:

  1. Optimize DPO and DSO
  2. Follow up customer overdue on a weekly basis, report to management and ensure timely resolution
  3. Explore banking products like SCF Program and implement the same

Hedging:

Review FX exposures and propose hedging requirements

Bank relationship:

Maintaining excellent relationship with the investment agencies, Banks and consortium

  1. People management: Work within the team and act as a proactive person in all Treasury related topics and create a good team atmosphere.
  2. Centralizing the Treasury function


Regards,

Neha Khandelwal

neha.k@ipsgroup.co.in


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