Associate Director Director Treasury(Global Tech Services)

Riverforest Connections Private Limited

Job Location:

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 6 hours ago

Vacancies: 1 Vacancy

Job Summary

This position will lead the Global Banking vertical of Treasury with team size of 5 to 8 people.

Ensuring liquidity management and seamless working of the Global Banking operations from cashflow perspective across all geographies and currencies.
Opening of currency-specific accounts for new geographies based on requisite approvals. Monitoring the list of global bank accounts on a monthly/quarterly basis and to close the unrequired accounts based on a case-specific rationale.
Evaluating and finalizing on acceptability or otherwise of a specific billing and collection currency for new geographies to Country Clearance Cell (CCC) after examination of repatriability aspects.
Monthly assessment of funded and non-funded facilities with respective banks and increasing or reducing the facilities on need basis. Ensuring adequate limits (especially for issuance of BGs) are available at any point of time. Ensuring adequate documentation of the bank facility agreements / letters (new ones as well as renewals) based on reviews (review by Company Treasury team as well as Legal team) and negotiations. Ensuring availability of Board approvals whenever necessary for the sanctioned funded and non-funded limits.
Ensuring storage of banking documents in centralized folder of Treasury and monitoring the list of hard copy documents confirming the locations and specific individuals for custody of such documents.
Ensuring that cash / fund requirements raised only through Companyinternal portal are accepted for making funds available - Requests outside Companyinternal portal are not acceptable because it becomes difficult to track.
Proactively check for possible issues in Global Banking operations and implement an action-plan to avoid such pre-foreseen issues to ensure smooth cashflows.
Maintaining good connect / relationship with all banks. Conduct periodic (weekly/monthly/quarterly as suited) calls / meetings with major banks and ad-hoc meetings with other banks on need basis. For major banks ensuring connect with officials at Asia Pacific / Global level.
Specifically examining bank account operations / process requirements for overseas bank accounts as the same are likely to differ from country to country and ensuring proactive steps for smooth cashflows.
Supervising guiding and mentoring SPOCs (single points of contact) from Treasury (Global Banking sub-vertical) on a regular basis. Monitoring leave plans of Global Banking team members and ensuring back-ups are available in absence of SPOCs.
Strict monitoring of about-to-expire BGs and expired BGs. a. Regarding about-to-expire BGs ensuring proactive discussions with Business Finance to check whether a particular BG requires any extension - If yes take necessary inputs from Business Finance and proactively do the necessary work with banks for timely extension of BGs - If no advance plan of action to ensure timely receipt of original BG immediately upon expiry.
b. Regarding expired BGs ensuring adequate follow-ups or other necessary actions including escalations to ensure receipt of original BGs so that used limits are released in a time bound manner.
Ensuring circulation of BG tracker in the 1st week of each month including specific status updates on expired BGs.
Work with Relationship Managers and operational managers to release funds that are stuck for technical reasons.
Compiling bank-wise operational issues on a weekly / fortnightly / monthly basis (as suited from bank to bank depending on intensity of operations) and ensuring that all issues are resolved in a time bound manner.
Making optimum use of overdraft facility so that waiting time for investments during the day is NIL and ensuring that overdrawn amounts are squared off by EOD (same day).
Strict daily/weekly monitoring of funds lying in all bank accounts (global) and ensuring that all funds are brought into India on immediate basis except specifically identified and approved retention of funds in branches / subsidiaries.
Ensuring that an updated list of branches and subsidiaries is obtained from or aligned with Corporate Secretarial (CS) team at least once a month and as and when any change to that list takes place.
Tracking loans extended by Company to its subsidiaries or any subsidiary of Company to other subsidiaries of Company. Ensuring availability of adequate documentation of such loan agreements. Tracking interest payments principal repayments. Tracking outstanding principal payments and interest payments to check for any issues at borrower entitys end.
Monitoring various purpose codes of banking transactions in line with applicable RBI Regulations and ensuring that correct purpose codes are used by Company for transactions through any of the AD banks.

Required Skills:

Global Banking OperationsTreasury ManagementCash Flow Management

This position will lead the Global Banking vertical of Treasury with team size of 5 to 8 people. Ensuring liquidity management and seamless working of the Global Banking operations from cashflow perspective across all geographies and currencies. Opening of currency-specific accounts for new geogr...

This position will lead the Global Banking vertical of Treasury with team size of 5 to 8 people.

Ensuring liquidity management and seamless working of the Global Banking operations from cashflow perspective across all geographies and currencies.
Opening of currency-specific accounts for new geographies based on requisite approvals. Monitoring the list of global bank accounts on a monthly/quarterly basis and to close the unrequired accounts based on a case-specific rationale.
Evaluating and finalizing on acceptability or otherwise of a specific billing and collection currency for new geographies to Country Clearance Cell (CCC) after examination of repatriability aspects.
Monthly assessment of funded and non-funded facilities with respective banks and increasing or reducing the facilities on need basis. Ensuring adequate limits (especially for issuance of BGs) are available at any point of time. Ensuring adequate documentation of the bank facility agreements / letters (new ones as well as renewals) based on reviews (review by Company Treasury team as well as Legal team) and negotiations. Ensuring availability of Board approvals whenever necessary for the sanctioned funded and non-funded limits.
Ensuring storage of banking documents in centralized folder of Treasury and monitoring the list of hard copy documents confirming the locations and specific individuals for custody of such documents.
Ensuring that cash / fund requirements raised only through Companyinternal portal are accepted for making funds available - Requests outside Companyinternal portal are not acceptable because it becomes difficult to track.
Proactively check for possible issues in Global Banking operations and implement an action-plan to avoid such pre-foreseen issues to ensure smooth cashflows.
Maintaining good connect / relationship with all banks. Conduct periodic (weekly/monthly/quarterly as suited) calls / meetings with major banks and ad-hoc meetings with other banks on need basis. For major banks ensuring connect with officials at Asia Pacific / Global level.
Specifically examining bank account operations / process requirements for overseas bank accounts as the same are likely to differ from country to country and ensuring proactive steps for smooth cashflows.
Supervising guiding and mentoring SPOCs (single points of contact) from Treasury (Global Banking sub-vertical) on a regular basis. Monitoring leave plans of Global Banking team members and ensuring back-ups are available in absence of SPOCs.
Strict monitoring of about-to-expire BGs and expired BGs. a. Regarding about-to-expire BGs ensuring proactive discussions with Business Finance to check whether a particular BG requires any extension - If yes take necessary inputs from Business Finance and proactively do the necessary work with banks for timely extension of BGs - If no advance plan of action to ensure timely receipt of original BG immediately upon expiry.
b. Regarding expired BGs ensuring adequate follow-ups or other necessary actions including escalations to ensure receipt of original BGs so that used limits are released in a time bound manner.
Ensuring circulation of BG tracker in the 1st week of each month including specific status updates on expired BGs.
Work with Relationship Managers and operational managers to release funds that are stuck for technical reasons.
Compiling bank-wise operational issues on a weekly / fortnightly / monthly basis (as suited from bank to bank depending on intensity of operations) and ensuring that all issues are resolved in a time bound manner.
Making optimum use of overdraft facility so that waiting time for investments during the day is NIL and ensuring that overdrawn amounts are squared off by EOD (same day).
Strict daily/weekly monitoring of funds lying in all bank accounts (global) and ensuring that all funds are brought into India on immediate basis except specifically identified and approved retention of funds in branches / subsidiaries.
Ensuring that an updated list of branches and subsidiaries is obtained from or aligned with Corporate Secretarial (CS) team at least once a month and as and when any change to that list takes place.
Tracking loans extended by Company to its subsidiaries or any subsidiary of Company to other subsidiaries of Company. Ensuring availability of adequate documentation of such loan agreements. Tracking interest payments principal repayments. Tracking outstanding principal payments and interest payments to check for any issues at borrower entitys end.
Monitoring various purpose codes of banking transactions in line with applicable RBI Regulations and ensuring that correct purpose codes are used by Company for transactions through any of the AD banks.