Manager or Senior Manager (Treasury & Finance)

Role & responsibilities

1. Treasury & Cash Flow Management

• Manage day-to-day treasury operations and overall liquidity position of the company.
• Prepare and monitor daily, weekly and monthly cash-flow forecasts.
• Ensure adequate availability of funds for statutory, vendor, employee and other business payments.
• Monitor cash inflows and outflows and optimize fund utilization.
• Analyse cash-flow gaps and coordinate with the Finance Head / CFO for arranging funds.
• Monitor the working capital cycle and identify opportunities for improvement.

2. Banking Relationship Management

• Manage day-to-day relationships with banks and financial institutions.
• Coordinate with banks for fund-based and non-fund-based working capital facilities.
• Negotiate banking charges, interest rates, limits and other commercial terms.
• Manage banking documentation, KYC, confirmations and facility-related requirements.
• Coordinate with multiple banking partners for smooth execution of banking transactions.
• Monitor sanctioned limits, utilization and availability of banking facilities.

3. LC & BG Management

• Manage end-to-end Letter of Credit (LC) and Bank Guarantee (BG) activities.
• Coordinate issuance, amendment, extension, cancellation and closure of LCs/BGs.
• Ensure compliance with sanctioned limits, margin requirements and banking terms.
• Maintain LC/BG registers and monitor expiry dates and outstanding exposure.
• Coordinate with Commercial, Procurement, Sales and banks for timely processing of LC/BG requirements.

4. Working Capital Management

• Monitor receivables, inventory and payables to optimize working capital.
• Track debtor and creditor ageing and identify working capital pressure points.
• Coordinate with business and commercial teams to improve collection and payment cycles.
• Monitor utilization of working capital limits and ensure optimal borrowing.
• Prepare working capital MIS and periodic reports for management review.
• Identify opportunities to reduce working capital requirements and finance costs.

5. Payments & Fund Management

• Review and manage daily payment requirements and payment schedules.
• Prioritize payments based on cash availability, business requirements and management guidelines.
• Coordinate with Accounts Payable / Accounts teams for timely vendor payments.
• Monitor bank balances and fund transfers across various bank accounts.
• Ensure proper authorization and controls for all treasury-related payments.
• Monitor interest payments, bank charges and other financing costs.

6. Vendor Reconciliation & Payables

• Monitor major vendor outstanding balances and ageing.
• Ensure timely vendor ledger reconciliation and resolution of discrepancies.
• Coordinate with Purchase, Stores and Accounts teams for GRN, invoice and payment-related issues.
• Support negotiation of vendor payment terms to optimize working capital.
• Monitor advance payments and ensure their timely adjustment.

7. MIS & Management Reporting

• Prepare daily, weekly and monthly treasury and cash-flow MIS.
• Prepare reports on bank balances, borrowings, working capital, LC/BG exposure and upcoming payment obligations.
• Monitor interest costs, bank charges and utilization of banking facilities.
• Analyse treasury data and highlight liquidity and funding requirements.
• Provide timely inputs to the Finance Head / CFO for liquidity, borrowing and funding decisions.

8. Controls, Compliance & Audit

• Ensure compliance with internal treasury policies and banking terms.
• Maintain proper documentation for banking and treasury transactions.
• Coordinate with statutory auditors, internal auditors and banks for treasury-related information.
• Ensure timely reconciliation of bank accounts and treasury records.
• Monitor compliance with applicable regulatory, statutory and banking requirements.

Key Deliverables

• Accuracy and timeliness of daily, weekly and monthly cash-flow forecasts.
• Effective liquidity management and uninterrupted availability of funds.
• Optimization of working capital cycle and borrowing requirements.
• Timely and accurate management of LC/BG transactions.
• Effective utilization of fund-based and non-fund-based banking limits.
• Reduction / optimization of interest costs and banking charges.
• Timely vendor payments and resolution of payment-related issues.
• Accuracy and timeliness of treasury MIS and management reports.
• Timely bank reconciliation and maintenance of treasury records.

Required Qualifications & Skills

• CA Semi-Qualified / MBA (Finance).
• Additional qualifications such as CMA / M.Com will be an advantage.
• Accuracy and timeliness of daily, weekly and monthly cash-flow forecasts.
• Effective liquidity management and uninterrupted availability of funds.
• Optimization of working capital cycle and borrowing requirements.
• Timely and accurate management of LC/BG transactions.
• Effective utilization of fund-based and non-fund-based banking limits.
• Reduction / optimization of interest costs and banking charges.
• Timely vendor payments and resolution of payment-related issues.
• Accuracy and timeliness of treasury MIS and management reports.
• Timely bank reconciliation and maintenance of treasury records.
• Strong understanding of Treasury and Cash Flow Management.
• Good knowledge of Working Capital Management and liquidity planning.
• Hands-on experience in Banking Relationship Management.
• Strong knowledge of LC, BG and banking facilities.
• Understanding of CC, OD, WCDL and other working capital facilities.
• Good knowledge of vendor payments, reconciliation and payables management.
• Proficiency in MS Excel and ERP systems.
• Strong analytical and problem-solving skills.
• Excellent negotiation, communication and coordination skills.
• Ability to manage multiple banking relationships and work in a time-sensitive environment.
• High level of accuracy, confidentiality, ownership and financial discipline.

Experience

• 7-10 years of relevant experience in Treasury, Finance, Banking and Working Capital Management.
• Experience in a manufacturing organization is preferred.
• Hands-on experience in LC, BG, working capital facilities and banking operations preferred.
• Exposure to fund-based and non-fund-based banking facilities is essential.