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25 Nov 2024

jlSM

Manager - Treasury Execution, 5 to 7 years in Mumbai

Company Logo Essar

Mumbai

5-6 Years

treasury operation, Corporate Finance, Cash Management, Finance, Banking

Job Description

Position: Manager - Treasury Execution
Qualification: CA,MBA
Experience: 5 to 7 years
Location: Mumbai


Job description

POSITION REQUIREMENTS
Education Bachelor\'s degree in finance or accounts or equivalent is required
Master\'s degree in finance or accounts or CA or equivalent is preferred
Experience 5 -7 years of relevant work experience in treasury operations.
SKILL/COMPETENCIES REQUIREMENTS
- Treasury operations
- Corporate finance and cash management
- Negotiation and communication skills
- Applicable country regulatory and compliance knowledge
- Good understanding of business and economic environment

AREA KEY ACTIVITIES
Treasury Operations:

  • Manage the short-term investment and day-to-day cash flow to ensure all treasury operations are done in an ethical and efficient manner
  • Carry out treasury operations on a daily basis to ensure that corporate funds are flowing in a manner consistent with maximizing corporate value and minimizing costs
  • Monitor past due accounts, monthly collection and strategize on recovery steps on bad debts in order to ensure optimum credit and fund availability for Essar Capital and its holding companies
  • Build and maintain relationships with banks, other lending institutes and ensure compliance to RBI guidelines
  • To coordinate with various internal functions necessary to execute the Treasury Operations. Efficiently.
  • Deploy idle funds profitably to ensure efficient cash flow, profitable fund management and policy compliance
  • Create and review documents required to be submitted to banks and maintain existing banking and payment processor relationships
  • To coordinate and process all payments for local vendors, employees, statutory authorities; authorize payments for travel advances;
  • Monitor and approve receipt vouchers, payment vouchers, Cheques etc. Resolve queries / escalations and seek necessary approvals from Director Treasury and Banking
  • Support in internal audit for the company, provide support to departments to close pending issues; monitor operations and intervene in the treasury process to ensure successful completion of audit and compliance.
  • To conduct month on month bank reconciliation and highlight to senior management for any variances with necessary justifications.
  • Monitor and approve receipt vouchers, payment vouchers, Cheques etc. Resolve queries / escalations and seek necessary approvals from Director Treasury and Banking while processing the payments.
  • Review accuracy of data and timeliness of entry / updates and create investment MIS reports and ensure correct documentation

Network:

Within the organisation:
  • Organizational leadership
  • Finance and accounting team
  • Tax team
  • Compliance team

Outside the organisation:
  • Banks
  • Regulatory firms

Key Performance Indicators:

  • No past dues or bad debts
  • Accuracy of cash flow collections for respective holding companies
  • Timely & quality processing of treasury transactions
  • Timely and accurate reporting to banks & apex body
  • Timely availability of liquidity and arrangement of funds
  • Accuracy of MIS reports
  • Relationship maintenance with banks, lending institutes, etc.

25 November 2024

jlSM

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