DGM Finance (Treasury and AR)
- Responsibility of this function is the efficient management of receivables/payables for optimum utilization of working capital and treasury management
- Cashflow management/Accounts Payable / Banking / Foreign Pay-outs / Treasury Management
- Prepare Yearly/Monthly/Weekly cash flow & carry out variance analysis with budget vs actual spend.
- Manage banking relationships & ensure smooth functioning of CMS/centralized payment solution and resolving any issues with the bank.
- Ensure adherence of FEMA regulations including withholding tax compliances for all foreign payments & documentation.
- Ensure efficient treasury management with speedy AR collection & minimum use of overdraft facility.
- Ensure vendor payments are processed as per the agreed payment terms/aging balances.
- Ensure timely payments of recurring & fixed expenses like rent/utility payments and employee reimbursements.
Accounts Receivable:
- Regular follow-ups/discussions with Business Heads for collecting Debtors OS. Regular interaction with key clients for resolving credit-related queries.
- Review monthly debtors reports, DSOs, preparing detailed debtor's provision statements & other reports to be sent to Group credit control
- Review TOD/CD/CN/DN calculation & review/posting of accounting entries for the same. Review monthly schedules for the same.
Knowledge and Experience:
- Work experience of 10 to 15 years in a similar role preferably in the Education Industry
- Sound knowledge of treasury function and technically updated with all banking products/ processes. In-depth knowledge of FEMA and RBI-related compliances
- Must have handled a team of 4-5 team members which has a mix of senior and middle staff.
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