Working Capital Expert

3 weeks ago


Chennai, Tamil Nadu, India 20Cube Logistics Solutions Private Limited Full time
Job Title: Working Capital Expert

Join 20Cube Logistics as a Working Capital Expert and contribute to the development and implementation of effective financial strategies to drive business growth.

We offer a salary of $140,000 per year, along with additional benefits such as health insurance and retirement savings plan.

Job Description:

The Working Capital Expert will be responsible for managing the cash flow of our organization, ensuring accurate forecasting and maintaining optimal liquidity levels.

Key Responsibilities:

  • Cash Flow Forecasting:
    • Develop and maintain controlled cash flow forecasts covering daily, weekly, monthly, quarterly, and yearly plans.
    • Utilize AP data to prepare country-specific cash plans and consolidate information at the holding company level.
    • Collaborate with regional teams to gather insights and improve forecasting accuracy.
  • Settlement Management:
    • Establish planned settlement dates for agent payments and inter-company transactions to stabilize cash outflows.
    • Implement a global netting process for inter-company settlements to optimize cash management.
    • Define, implement, and standardize AP business rules to streamline operations and ensure compliance.
  • Risk Management and Working Capital Optimization:
    • Formulate and execute FX hedging strategies to mitigate risks related to currency fluctuations and monitor foreign exchange positions and provide recommendations to senior management.
    • Regularly review working capital limits to ensure efficient cash rotation and monitor cash usage and develop strategies to optimize working capital.

Qualifications:

A Chartered Accountant (CA) with more than 6-9 years of post-qualification experience preferably in a Treasury team having knowledge of working capital management and cash forecasting/planning.



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