Deputy Manager/Manager - Treasury

Role Purpose

The Lead Treasury will be responsible for managing treasury operations, including foreign exchange risk management, working capital borrowings, investments, banking activities, regulatory compliance and treasury accounting.

The role will ensure efficient liquidity management, optimal utilization of banking facilities, timely execution of treasury transactions and adherence to applicable statutory and regulatory requirements.

2. Key Responsibilities

A. Foreign Exchange Management

• Manage foreign currency hedging activities, including execution, monitoring, rollover, cancellation and settlement of foreign exchange contracts.
• Monitor foreign currency exposures and ensure appropriate hedging in accordance with the Company's Treasury Policy.
• Coordinate outward remittances for import payments, service payments and other authorized cross-border transactions, ensuring timely processing and compliance with applicable FEMA and RBI requirements.

B. Working Capital & Borrowings

• Manage working capital borrowings, including funding requirements, utilization of sanctioned limits, renewals and coordination with banking partners.
• Manage working capital financing programs, including TReDS, Supply Chain Finance (SCF), supplier finance and dealer finance.
• Monitor utilization of banking facilities and coordinate with banks to ensure timely availability of funds.

C. Investments & Treasury Accounting

• Manage deployment of surplus funds in approved investment instruments, including fixed deposits and mutual funds, in accordance with the Company's investment policy.
• Monitor investment performance, returns, redemptions and applicable valuations.
• Ensure accurate accounting of treasury-related transactions in SAP, including investments, borrowings, interest accruals, foreign exchange contracts and treasury settlements.
• Ensure timely accounting entries, interest validations and periodic reconciliations.

D. Banking & Trade Finance

• Coordinate with banks for treasury transactions, working capital facilities and trade finance requirements.
• Manage trade finance instruments, including Letters of Credit (LCs), Bank Guarantees (BGs) and Buyers' Credit.
• Coordinate preparation and submission of CMA data, stock statements, FFR reports, due diligence documentation and other banking requirements.
• Monitor banking limits, facility utilization, renewals and compliance with applicable terms and conditions.

E. Regulatory Compliance

• Ensure compliance with applicable FEMA, RBI and other relevant regulatory requirements relating to treasury and banking operations.
• Ensure timely completion of EDPMS, IDPMS, E-BRC and other applicable regulatory reporting and documentation requirements.
• Ensure timely submission of declarations relating to unhedged foreign currency exposures and other banking compliance requirements.

F. Treasury Reporting & MIS

• Prepare periodic treasury MIS, cash flow reports and management dashboards.
• Generate forex cover reports highlighting hedge positions, utilization and outstanding foreign currency exposures.
• Monitor foreign exchange gains/losses, investment performance, borrowing costs and other key treasury indicators.
• Provide timely and accurate treasury information to the CFO and senior management to support financial planning and decision-making.

4.Interfaces / Key Working Relationships

Internal – CFO, F&A and Taxation Team, Commercial Teams,

External –Banks and Financial Institutions, Credit rating agencies, Regulatory Authorities, MF Houses, Auditors, Consultants

5. Qualifications & Experience

• MBA (Finance), CFA, Or Chartered Accountant (CA)
• 10years of progressive experience in Corporate Treasury within manufacturing, specialty chemicals, pharmaceuticals, or industrial organizations.
• Hands-on experience in forex risk management, cash management, banking operations, investments, and treasury compliance.
• Experience managing multiple banking relationships and foreign exchange exposures.

• Exposure to SAP Treasury and treasury management tools is preferred.