Deputy Manager - Treasury

About Client:

Our Client is one of the oldest Comanpany operating in the Sweeteners and Nutraceuticals space. It has a diversified portfolio of products including bioproducts nutraceuticals and cogeneration of power. It is also a leader in organic farming and sustainable agriculture.

Experience: 09 Years

Location Chennai.

The Treasury Manager Corporate Treasury is responsible of the cash performance follow up of her/his scope the securitization of the cash the management of the treasury activities and the relationship with Banks locally.

• The mission is to contribute to cash flow optimization/reduction of finance cost through Working Capital management.
• Ensures daily follow up of cash balances.
• Manages balance sheet currency hedging.
• Ensures monthly cash reporting of the entity including site/plant wise and performs analytical review and provides the Head Treasury/Group CFO with comments on performance.
• Prepares Daily cash forecast with detailed plan of action.
• Ensures compliance with internal control policy.
• Manages relations with banks and third parties.
• Handling credit rating agencies
• Experience in SAP MIS and any Treasury Automation Tools

Responsibilities

Cash management:

• Monitor payment cycles
• Monitor and reconciles daily bank accounts
• Manage bank account openings delegation of signature in respect of rules and policies
• Perform liquidity management manage local financing and deposits
• Control and manage bank guarantees received from supplier
• Prepare /manage bank guarantee issuance and follow up
• Manage RBI reporting and filings
• Monitoring receivables accounting and tracking collections.

Internal control & Compliance

• Monitor and drive Internal Control improvement plans to mitigate risks
• RBI returns and other legal compliances related to treasury function
• Follow up and ensure execution of action plans by the Department for compliance

Cash reporting:

• Prepare cash forecast & actuals reporting for all cycles: Business Plan Revised Estimates every quarter
• Perform analytical review and support site/plant working capital
• Follow up cash optimization actions
• IDPMS / EDPMS Compliance

Working capital optimization:

• Optimize DPO and DSO
• Follow up customer overdue on a weekly basis report to management and ensure timely resolution
• Explore banking products like SCF Program and implement the same

Hedging:

• Review FX exposures and propose hedging requirements

Bank relationship:

• Maintaining excellent relationship with the investment agencies Banks and consortium

People management:

• Work within the team and act as a proactive person in all Treasury related topics and create a good team atmosphere.
• Centralizing the Treasury function

Remote Work :

No