Aster DM Healthcare - Manager - Treasury

We're seeking a hands-on Treasury Manager to lead cash & liquidity management, working capital optimization, banking relationships, debt & investments, and risk management across our hospital network. The role is responsible for daily liquidity, funding capex, optimizing interest cost, managing FX exposures, ensuring covenant compliance, FEMA compliances and strengthening treasury controls-with a strong partnership across Business Finance, Controllership, FP&A, SCM, and Projects.

Key Responsibilities

1) Cash, Liquidity & Working Capital

- Own daily cash positioning, pooling/zero-balancing, and intercompany funding.

- Monitor TReDS, supply-chain finance, virtual accounts, and CMS structures with banks.

- Implement short-term investments (within policy) for surplus funds; forecast 13-week cash flow with variance reporting.

2) Banking & Funding

- Manage banking relationships and negotiate pricing on working capital lines (CC/OD), term loans, and trade finance (LCs/BGs).

- Support capex financing for new hospitals, brownfield expansions, and medical equipment purchases;

- Ensure timely utilization, renewal, and documentation for all facilities; track security perfection and DP calculations.

- Monitor and report financial covenants; proactively manage breach risks and waiver processes.

3) Investments, FX & Risk Management

- Manage short-term treasury investments per policy (liquid funds, FDs, TREPs, overnight funds).

- Identify and evaluate hedging of FX exposures using forwards/options per board-approved risk limits.

4) Treasury Operations, Systems & Controls

- Strengthen controls aligned to ICFR, with robust deal ticketing, confirmations, settlements, and reconciliations.

- Own TMS/ERP treasury modules, host-to-host bank connectivity, API integrations.

- Drive automation and dashboarding for real-time visibility.

- Lead bank account governance-opening/closures, signatories, mandates, board resolutions, and documentation.

5) Reporting, Compliance & Disclosures

- Prepare daily/weekly liquidity, borrowing, utilization, and investment reports.

- Ensure accurate treasury-related financial statement disclosures and audit support (statutory, internal, tax).

- Comply with Companies Act, SEBI (LODR), RBI/FEMA for borrowings, hedging, ECBs, related party funding, and credit rating updates.

- Coordinate with credit rating agencies-data packs, interactions, and surveillance;

6) Team Leadership

- Lead and develop a small treasury ops team; build a culture of control, speed, and stakeholder service.

- Draft and maintain Treasury Policy, SOPs, and RACM; run trainings for finance and cross-functional teams.