Wipro Consumer Care - Assistant Manager/Manager - Treasury Middle Office

Wipro Consumer Care - Assistant Manager/ Manager - Treasury Middle Office

About the company:

Founded in 1945 as a Vegetable Oil Company, Wipro Consumer Care & Lighting is one of the fastest growing FMCG companies with presence in 20 countries predominantly in India, Asia, Africa, and the Middle-East. Our business includes personal wash products, skincare products, male grooming, toiletries, wellness products, household products, domestic and commercial lighting and modular office furniture. We have a turnover of USD 1.10 billion, with more than 10,000 employees from 22 different nationalities. Our international business contributes to more than 50% of our turnover.

Wipro Consumer Care starts a new chapter with its entry into the foods business through the announcement of our latest acquisition of Nirapara, a leading traditional foods brand from Kerala. This is our first foray into the Foods Business, with an extensive range of food products, starting with spices and ready-to-cook products. We also plan to grow organically with our own brand launches.

Responsibilities:

A) Track treasury workflow and exposure to ensure Treasury policies are adhered to and analyzing treasury performance.

1. Track operating process to ensure compliance and controls

2. Highlighting the management about any breach in policies and taking timely corrective actions

3. Continuous evaluation of Treasury Policy to propose changes to match best practices

4. Treasury return computation

5. Quarterly presentation to management

B) Managing the Banking and Borrowing requirement for the group (including subsidiaries)

1. Ensure funds are available for business as and when required.

2. Negotiating lines with banks (commercials, covenants, and documentation)

3. Optimize the cost of borrowing

4. Ensure efficiency of banking operation

C) Working knowledge of trade finance products. Knowledge of ICC guidelines like UCP, URDG, ISP, UCC, URC

1. Understanding of different modes in international payments (open account, LC ,

2. Issuance of LC, presentation, and negotiation

3. Understanding of bank guarantee and standby letter of credit.

D) Evaluate & implement two new IT systems like IBS Fintech to reduce manual workload and Evaluate & implement two new IT systems like IBS Fintech to reduce manual workload and enhance process and system enhance process and system efficiency.

E) Work closely with business and fintech partners to implement supplier and Dealer financing with business and fintech partners to implement supplier and Dealer financing solutions (supply chain financing solutions)

F) Interaction with external rating agencies.

Skills/Qualifications:

- CA/MCOM

- Minimum 3-4 years' experience in the treasury team.

Please note we work 5.5 days out of office.