Functions And Responsibilities

Funds Planning

• Understand the funding requirement for business along with the Finance controller and business managers
• Assess the funds requirement of the company- short, medium and long term and make recommendations on sourcing in line with the overall  corporate guidance
• Suggest innovative and alternate ways of sourcing funds with inherent cost benefits
• Ensure appropriate systems for cash flow planning
• Continually monitor domestic and international investment avenues in collaboration with the Banking and cash flow head, to facilitate prudent investment decision making.

Effective Funds management

• Ensure effective utilization of funds, including investment of idle funds to get optimum yield
• Ensure monitoring of timely interest and commission receipts, payments, repayments
• Assessment of availability and utility of short term loans when taken against exports e.g. Pre-Shipment Credit in Foreign Currency loans, etc.
• Analysis and review of all the avenues of loan servicing and other forms of borrowing.
• Conduct Risk Scenario Assessment which includes customer credit management, vendor/contractor financial analysis, liability claims management, business disaster recovery, forex exposure and company assets  and develop risk mitigation strategies

Foreign exchange management

• Decide on the Forex hedging positions in coordination with the leadership team to shield organisation from market fluctuations
• Ensure adequacy of risk cover on assets by way of insurance at the least possible premium pay out

Managing Banking Relations

• Proactively build relationship with bankers and other lenders
• Build relationships with credit rating agencies, financial analysts and ensure high level of rating for the organisation
• Keep abreast of all new developments , products available and legislation pertaining to treasury products
• Work on building long term credibility, trust with individual banks/ Consortiums through effective relationship management to facilitate efficient fund raising
• Ensure that credit rating procedures and compliances  are met
• Promptly apprise Head Finance and leadership team on any sudden developments at micro or macro level that may impact the organization

Cash flow and Banking Operations

• Ensure regular and methodical ways are followed for collection process across the organization and for other cash management processes
• Provide adequate and effective guidelines and processes for cash forecasting, budgeting and management
• Assist in planning of cash flow and match requirements to sources to ensure adequate and timely funding, minimising the value of surplus cash/deposits
• Ensure the accuracy and maintenance of accounts and their utilisation and ensure by way of unplanned checks, that adequate balance shall be maintained
• Authorise and recheck the issuance and printing of cheques and ensure that the same is being carried out in an orderly manner
• Ensure and assist the generation of daily, monthly and rolling cash flow statements which help in ascertaining the working capital position of the company
• Ensure the consideration of making collective decisions on consortium and individual banks to make sure of benefits in the long run

Import-Export Operations

• Overall monitoring at regular intervals, and ensuring smooth processing of all aspects pertaining to import of materials and capex items
• Ensure and undertake discussions on terms of rate for procurement of materials to be imported
• Ensure orderly and systematic management of advances received from exports and their financial and accounting treatment.
• Provide any information / report to the leadership team, as required
• Ensure timely completion of all export related documentation that shall in relation to associated Banks
• Ensure regular carrying out and cessation of all accounting entries for exports and ensure that all export related compliances shall be fulfilled
• Overlooking and ensuring that all compliances that are set by the Reserve Bank of India for import and export operations, shall be fully complied with
• Assist in coordinating and simplifying the complicated and fragmented export documentation procedures
• Devise MIS formats to provide updates to the leadership team on various aspects of treasury operations.
• Ensure accurate and timely update of import-export related entries on the system
• Provide any information / report to the leadership team, as required

People Management

• Mentor, provide operational leadership and technical guidance to the team, thereby developing a strong and competent team
• Conduct effective performance appraisals for the team and identify training needs
• Motivate, counsel and coach employees to ensure a conducive working environment

Education and Experience Required

Education:

Post Graduate (Finance) / MBA / CA

Experience:

6 - 9 years experience preferably with experience in fund raising