Sh Borrowing, Risk

3 weeks ago


Maharashtra, India Aditya Birla Group Full time

**Designation**:Manager

**Updated**:May 31, 2024

**Location**:Maharashtra, India

**Organization**:Cement
- Managing Debt Servicing- Maintaining tracker of all due dates of Interest payments, repayments and other reporting requirements related to Borrowings.
- Timely coordination for payment funding and settlement instructions to Banks for interest payments and repayments.
- Ensuring proper accounting of Borrowings, Interest cost, Finance charges, Hedge instruments, interest capitalization etc. in line with the Accounting principles and IndAS.
- Preparing various regular and Monthly MIS reports for the function, handling various internal and statutory Audit.
- Prepare and submit financial covenants with lenders on a half
- yearly and yearly basis.Raising funds through Commercial Papers (CP), Working Capital Demand Loans, Short Term Loan- Dealing with Bank Treasuries and Mutual Funds for fund raising. Negotiating the best competitive rates.
- Coordinating CP documents with counterparty, IPA team of Bank and NSDL. Ensuring timely reporting on EBP platform of NSE and
- Renewing CP ratings renewal from two rating agencies on a monthly basis and ensuring ratings remain live always.

Handling working capital limits and related facility documentation- Ensuring documentation and various compliance reporting related to Working Capital limits from multiple Banks.
- Keeping a track of Limits expiry dates and timely engaging with Banks for renewal exercise.
- Assessing upcoming requirements and timely seeking enhancement in limits.
- Supporting line manager during evaluation process of long-term fund raising handling documentation in execution process and post execution reporting requirements.

Cross-functional coordination with Marketing Commercial team and influencing for Bills discounting- Coordinating with Banks / NBFCs for exploring non-recourse factoring lines for Key customers.
- Pre negotiation, lead generation and partnering with commercial to handle documents for factoring arrangements.
- Negotiating LC Bill discounting prices with Banks and coordinating with marketing zones. Handling issues related to LCBD.
- Ensure and read through all compliances for commercial papers.

Providing information to various Credit Rating agencies- Company is rated by 5 rating agencies. All the information acquired by them should be coordinated with internal teams and provided on time.
- Providing projections during rating renewal exercise and attending to all the numeric queries from Analyst teams.
- Coordinating monthly disclosures to rating agencies, maintain master of surveillance fee and coordinating timely payment by accounts team.

Managing Bank Accounts and facilitating banking needs- Reviewing activities related to Bank Account management. Identifying and initiating optimization opportunities for inventory of Bank Accounts.
- Ensuring timely coordination of signatory updating requests, maintaining masters of authorization matrix, net banking, category-wise limits etc.
- Explore new edge Banking products for Payments and Bank Account management. Supporting in change management initiatives.
- Coordinating banking support for UltraTech Community Welfare Trust, Provident fund, Gratuity fund, Superannuation fund, School trusts etc.

Attending and resolving Banking issues faced by payment teams- Attending and resolving all the matters related to banking services for UKSC, Plants, Marketing Zones, RMC, Birla White and other business verticals.
- Exception handling related with operations of Bank Accounts.

**Qualifications**:
MBA

**Minimum Experience Level**:
9-15 Years

**Report to**:
Assistant Vice President



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