True Balance - AGM - Treasury

About The Company:

Balancehero Korea is a company that developed the True Balance app - a next-generation fintech platform operated by Balancehero India Pvt. Ltd. based in Gurugram, India. Aiming to finance the next billion users, True Balance app provides digital wallet, lending, recharge & utility payments , mainly to financially underserved Indians.

Driven by 5 Core Values, we cultivate a culture which encourages freedom of expression, equal opportunity for growth, open channels of communication and complete transparency within the organization. Employees are at the heart of each decision and that is what drives true growth for us.

Job Description :

- Manages and executes treasury functions including bank relationship management, Investments, Mid office, cash management, cash and treasury operations. Responsible for the day-to-day operational aspects of the treasury department.

- Maintains stewardship for financial assets and debt including overall leadership of the cash management, debt management and investment management functions of the organisation and its affiliated entities. Ensures the maintenance of corporate liquidity and financial stability. Develops and manages strategies, operations, policies and budgets relating to treasury activities.

- Directs development and revision of financial policies for capital structure, working capital, treasury operations, foreign exchange & interest rate risk management, and asset/liability mis-match risk management. Directs capital markets, borrowing, investing, foreign exchange, treasury operations, financial risk management and corporate finance initiatives. Supervises the maintenance of internal controls designed to safeguard corporate assets and the integrity of its fiscal systems.

Treasury

1. Manages treasury function, including meeting short and long-term funding needs. Initiates and oversees execution of all capital market transactions.

2.Develops, maintains and cultivates banking (PSU & Private Bank) relationships

3.Oversees daily management of cash and Investments and cash flow forecasting.

4. Establishes fixed income investment positions.

5. Reviews preparation of cash flow projections.

6. Manages financial risk as it relates to treasury operations.

7. Manages and negotiates brokerage relationships.

8. Provides detailed consolidated cash flow projections.

9. Leads and manages the development of bank relationships.

10. Manages investment of excess funds

11. Supports lender relations.

12. Coordinates electronic booking functions

13. Preparation of ALM on a monthly basis.

14. Monitors and prepares loan covenant compliance.

15. Reviews monthly interest expense and accruals.

16. Ensures proper controls are in place for regulatory requirements with regard to treasury activities.

17. Oversees all back office support for in-house banking, netting, and pooling.

18. Assists with reporting for the board and external financial institutions

19. Leads and manages the credit rating process of the company.

20. Identifies cost-saving and profit maximising opportunities related to treasury.

21. Overseas cash functions, including cash positioning, cash reporting and forecasting, short-term investing and borrowing, wire payments, fraud prevention, FX management and hedging, bank account setup and maintenance, and bank relationship management.

Risk Management

1. Manages aspects of risk through planning and treasury functions

2. Assess risk and Implement hedge strategies and programs.

3.Understands how regulations will impact the business and helps ensure the 4. business is best positioned to respond.

5. Oversees and manages capital market risks and interest exposures.

6. External Financial Relations

7. Supports investor relations function

8. Serves as company's representative to financial/banking/NBFC community

9. Supports CFO in managing banking/NBFC and investment banking/NBFC relationships

10. Manages A/R, A/P relationships with third party vendors and customers

Required Knowledge:

- Understanding of digital lending/fintech industry and business

- Strong treasury background - raising fund from Banks

- Knowledge of capital markets, accounting, finance and tax

- Knowledge of appropriate treasury and financial software packages

- Familiarity with cash/bank management systems, Treasury Management Systems (TMS)

- Knowledge of MS Office including Excel