Manager/DGM - Treasury & Banking - CA

We are looking for a Manager/ DGM - Treasury & Banking with an MNC Brand

Location - Mumbai

Purpose of the role:

- To ensure cost controls & cost reductions wherever possible in areas such as bank charges

- To be responsible for Liquidity Management & Hedging

- Ensure compliance related to treasury & banking activities

- To be responsible for all banking activities/transactions, including short and long-term financial planning, Bank relationships, daily cash management, cash forecast, etc. Development of strategic plans for increasing funding efficiencies.

- To develop and provide best-in-class transaction banking & e-commerce solutions to business operations

Roles and Responsibilities:

- Overall responsibility and accountability for cash & short-term investment management and the management of day-to-day cash flows

- Facilitating Electronic Banking (including wires, ACH, stop payments, etc.)

- Overall accountability for monthly cash reporting to the Controller, Complete with an analysis of where the cash is invested, the rate of return earned on the cash and as compared to benchmarks, claims on cash, and the weighted average return on the portfolio

- Execute Asset & Liability management decisions for the group post approvals

- Handle group treasury activities including cash management, credit control, budgeting, and forecasting

- Coordinate integrated cash forecasting process, manage short-term borrowing activity under revolving credit facilities and manage foreign currency hedging program

- Implement treasury policies and operational procedures across various locations

- Movement of funds between accounts

- Debt Covenant maintenance

- Liquidity Management & hedging

- Ensure effective liquidity management, treasury & hedging forecast & currency risk mitigation. Arranging fund based & non-fund-based limits for the countries as per requirement

- Ensuring compliances related to treasury & preparation & submission of MIS (Cash Flow)

- Ensure proper accounting for all treasury-related transactions, coordinate integrated cash forecasting process, manage short-term borrowing activity under revolving credit facilities, and manage foreign currency hedging program

Compliance & MIS:

- Vetting & controlling various bank charges as levied by the bank to initiate corrective measures to reduce overall banking costs.

Liquidity & Portfolio Management: Monitoring & weighing weekly liquidity & managing an investment portfolio

Cost Controls:

- Opening of bank accounts, maintenance & control of global bank accounts & resolving all bank-related queries. Bank guarantee initiation with bank globally & fulfilling necessary banking-related compliance.

- Responsible for day-to-day banking activities. Creation & updating of all banking-related MIS

- Provide banking support to all projects & execution of strategic initiatives

- Ensuring & maintaining internal customer satisfaction

- Ensures Professional development of colleagues & team members. Recognizes training needs & provides for necessary training to individuals.

- Judicious use of natural resources

- Shall adhere to environmental health and safety policy/objectives and guidelines of the organization

Education: Minimum: Chartered Accountant

Minimum 3+ years of overall corporate treasury experience including cash management, cash flow forecasting, foreign exchange, and hedging