Manager - Treasury

Location: Chennai
Experience: 812+ Years
Qualification: MBA (Finance) / CA / CMA / Master’s in Finance

Position Summary

We are looking for a seasoned and commercially astute Senior Manager – Treasury & Finance to lead the organisation’s treasury operations, debt optimisation, liquidity management, and banking relationships.

The primary focus of this role will be to optimise the existing debt portfolio by driving loan refinancing and repricing, negotiating favourable borrowing terms, reducing interest costs, and rationalising cross-collateralised securities and guarantees. The role will also be responsible for strengthening relationships with banks and financial institutions, ensuring compliance with loan covenants and regulatory requirements, and improving overall financial efficiency.

The ideal candidate will have strong expertise in corporate treasury, corporate banking, credit structuring, or debt syndication, with a proven ability to negotiate effectively with lenders and deliver measurable financial benefits.

Key Responsibilities

1. Debt Structuring, Refinancing & Banking Relationships

• Loan Refinancing and Repricing: Lead negotiations with banks and financial institutions to refinance or reprice existing term loans, Working Capital Demand Loans (WCDL), and working capital facilities (Cash Credit/Overdraft), with a focus on reducing interest costs, extending repayment tenures, and optimising repayment schedules.
• Debt Optimisation: Evaluate existing borrowing structures and identify opportunities to improve financing costs, enhance flexibility, and optimise the overall debt portfolio.
• Banking Relationship Management: Manage relationships with commercial banks, consortium lenders, and financial institutions to negotiate competitive lending terms, secure credit facilities, and improve overall banking arrangements.
• Debt Restructuring and Negotiations: Review sanction letters, loan agreements, and financing terms; lead discussions on changes to interest margins, repayment conditions, covenants, and other borrowing terms.
• Covenant and Risk Management: Monitor financial covenants, including Debt Service Coverage Ratio (DSCR), interest coverage, and leverage ratios. Identify potential breaches, develop mitigation plans, and negotiate covenant resets or waivers wherever required.
• Credit Rating Management: Manage relationships with credit rating agencies such as CRISIL, ICRA, CARE Ratings, and India Ratings. Coordinate rating submissions, management presentations, and supporting documentation, with a focus on maintaining or improving ratings and reducing borrowing costs.

2. Security Rationalisation & Guarantee Management

• Develop and maintain a consolidated register of all borrowings, mortgages, hypothecation charges, pledges, corporate guarantees, and promoter personal guarantees across the Group.
• Identify excess, overlapping, or cross-collateralised securities and negotiate their release, substitution, restructuring, or ring-fencing to improve collateral efficiency.
• Review and manage cross-default and cross-acceleration clauses, pari passu arrangements, inter-creditor agreements, and security trustee structures.
• Coordinate the creation, modification, and satisfaction of charges, including statutory filings under CHG-1 and CHG-4, as applicable, and ensure relevant CERSAI registrations are completed.
• Work closely with lenders and internal stakeholders to streamline security arrangements and reduce unnecessary restrictions on Group assets.

3. Treasury Operations & Liquidity Management

• Oversee daily cash positioning, liquidity planning, working capital management, and short-, medium-, and long-term cash flow forecasting.
• Ensure adequate liquidity for business operations, debt servicing, and strategic financial commitments.
• Optimise fund utilisation, banking arrangements, and the deployment of surplus funds to improve capital efficiency.
• Monitor interest costs, debt maturity profiles, repayment schedules, and overall treasury exposures.
• Establish and maintain robust treasury policies, internal controls, approval mechanisms, and governance processes for banking and treasury transactions.

4. Financial, Regulatory & Corporate Compliance

• Ensure compliance with applicable RBI guidelines, lender sanction conditions, financing agreements, and other relevant banking requirements.
• Coordinate with Finance, Accounts, Internal Audit, and external auditors on debt schedules, interest calculations, lender confirmations, and treasury-related documentation.
• Partner with the Company Secretary and Legal team to ensure borrowings, guarantees, and security arrangements comply with applicable provisions of the Companies Act, 2013, including Sections 179, 180, 185, 186, and 188, wherever applicable.
• Ensure appropriate Board and shareholder approvals, related-party disclosures, and Ind AS 24 disclosures for inter-company guarantees and security arrangements, as applicable.
• Obtain lender consents, approvals, and No Objection Certificates (NOCs) for corporate actions such as mergers, demergers, changes in shareholding, dividend declarations, and listing-related activities, wherever required.
• Support capital markets and listing readiness by preparing borrowing details, charge disclosures, and other debt-related information required for due diligence and offer documents.

Educational Qualifications

• MBA in Finance, Chartered Accountant (CA), Cost and Management Accountant (CMA), or Master’s degree in Finance from a reputed institution.

Experience & Key Requirements

• 8–12+ years of relevant experience in Corporate Treasury, Corporate Banking, Debt Structuring, Credit, or Debt Syndication.
• Prior experience in a commercial or corporate bank as a Relationship Manager, Credit Risk Manager, Credit Officer, or Debt Structuring professional will be highly desirable.
• Candidates from corporate treasury functions with extensive experience in bank negotiations, credit facilities, and debt optimisation will also be considered.
• Demonstrated experience in refinancing, repricing, restructuring, or negotiating bank debt in the Indian market.
• Strong understanding of loan sanction terms, credit agreements, collateral structures, security documentation, and lender requirements.
• Experience in managing credit rating agencies, financial covenants, and lender compliance.
• Excellent financial analysis, negotiation, stakeholder management, and problem-solving skills.
• Strong ability to work with senior management, lenders, auditors, legal teams, and the Company Secretary.

Desirable Skills

• Working knowledge of treasury accounting under Ind AS and Indian GAAP.
• Familiarity with debt-related statutory filings, charge registration, and corporate borrowing compliance.
• Experience in managing multi-bank or consortium lending arrangements.
• Exposure to Group-level treasury operations, complex security structures, and corporate restructuring activities.

Key Success Metrics

• Reduction in borrowing costs through refinancing and repricing.
• Successful renegotiation of loan terms and repayment schedules.
• Release or rationalisation of excess collateral and guarantees.
• Maintenance of credit ratings and compliance with financial covenants.
• Improved liquidity visibility, cash flow planning, and treasury controls.