AGM/DGM - Treasury - Manufacturing Firm

Educational Qualifications: MBA Finance /CA

This position reports to Head - Treasury

Purpose :

The position is responsible all risk management activities relating to foreign exchange and fund raising & deployments in markets and ensure the delivery of a high quality. To have good relations with the Bankers/ Forex dealers. To report on unhedged exposures to senior management on periodic basis. To ensure end to end forex management and report on exceptions.

Key Responsibilities :

Strategic :

- Manages trading functions to meet Corporate financial goals

- Prudent Management of forex through optimal mix of forward options

- Negotiating best rates for Bank Commercial Papers

- Maintain the relationship between international or counterpart financial institutions.

- Strategically invest surplus cash in best performing Mutual funds/TDR in line with policy

- Automate treasury transactions related to front office for ease of working and improve efficiency

Operational:

- Handle treasury front office operations like booking, cancellation, rollovers of forex transactions with various banks at best available rates for the day.

- Monitor a large scale of foreign exchange functions and operations within the banking environment. This will include all transactions and remittances in the field.

- Ensure that all the shipments are covered as per the Forex Policy and guidance given by RMC/Management

- Provide the daily MIS to senior management on Unhedged exposure along the market views

- Support in Quarterly Update on Macro Economic Scenario

- Be up to date with all of the latest financial developments, not only with the country's economy, but also with other countries.

- Preparing the deal tickets for the forwards/options booked

- OTC and unhedged foreign currency exposure certificate - Every Quarter/Annual before 25th of next month in case of quarter end and 60 days in case of year end

- Support in Monthly and Quarterly MIS Reports including reports for CEO, CFO, Board, Audit Committee, RMC etc.

- Ensure all banks have proper and timely documentation in place

- Ensure exceptions are controlled and approved

- Responsible for control over the bank accounts in line with internal and external guidelines.

- Ensure statutory compliances relating to front office.

Financial:

- Ensure maintenance of appropriate internal controls and financial procedures

- Ensure compliance of treasury matters including working with bankers & regulatory agencies.

- Ensure timely inputs to accounting team for recording Treasury transactions in line with the Accounting Standards, policies and procedures.

Major skills:

Foreign Exchange Risk Management

Working Knowledge in SAP system

Front office operations