Citymax Hotels - Corporate Treasury Role

Treasury

- Developing and maintaining relationship with various banks for Debt, Working Capital and other funding requirements

- Co-ordinating with Businesses across Landmark Hospitality to understand the future funding requirement

- Reviewing the cash flow statements of businesses and discussing with banks for establishing lines of credit

- Getting quotes from local and international banks based on concept funding needs based on commercials agreed with top management

- Review and comment on the facility agreement provided by banks to ensure commercial viability and the internal financing benchmarks

- Present detailed comparative paper before Head of finances & CFO for helping them to take informed decisions

- Review the fund positions across bank accounts and territories to ensure effective management of cash float

- Analyse various rates and charges levied by banks on POS, CC, Cash pickup, online banking across businesses and take measures to rationalize the cost

- Maintaining tracker of Cash balance lying at various businesses/territories

- Effective liquidity management by moving funds from businesses/territories to repay loans, shareholders and creditors on time

- Calculating covenants mentioned in facility and sending to bank before due date

- Ensuring that loan and interest payments are done on due date by businesses and checking for any discrepancy in debits by bank

- Fulfilling KYC requirement of all banks where we have account

- Ensure bank covenants are met on time

- Liase with bank for opening, amendment or closing of bank accounts

- Troubleshoot any issues faced by concept with banks

Cash Flow Management

- Analyzing Budget Cash flows prepared by businesses and reviewing it for debt and equity mix adequacy

- Monthly/Quarterly Budget vs Actual review with businesses to understand if there is any deviation in fund requirement

- Short term management of funds through Working Capital, inter concept lending arrangements

Analytics

- Be a part of the FP&A team to provide business analytics & insights for proper management decision

- Consolidation of the monthly MIS/ reports from businesses

- Preparation of monthly, quarterly, annual review decks with management & board

Insurance

- Maintain updated trackers of Insurance policies taken by Group

- Initiating renewal process before due date by liaising with Retail, Insurance Company and businesses

- Ensure that all insurance policies are in place before opening of new outlets

- Adequate employee related policies are taken based on data provided by HR

- Liaising with Group insurance team to take any new policy required in the interest of business

- Providing information and following up in case of claims with insurers.