Job Summary
Lead the Cash Management team in Finance Shared Services and support the Corporate Treasury function with Cash and Liquidity Management, Trade Financing and Forex Hedging for all Business Units of IFFCO Group.
Roles & Responsibilities
- Responsible for day to day to cash management operational activities to ensure adequate liquidity to meet group's financial obligations.
- Responsible for issuance of LC's , Bank Guarantees, Releasing import collection documents and documents presented under availisation and ensuring timely settlement.
- Liaising with banks for adding export LC confirmation, Responsible for Export LC and Documents scrutiny , handling export documents negotiation.
- Responsible for all bank transfers, ACH and Foreign Remittances. Responsible for Bank account administration including opening and closing of bank accounts, updating signature matrix.
- Develop reports to Identify the Group Forex exposure and reporting to Group Treasury for hedging and maintain MIS.
- Track Key performance Metrics pertaining to the Cash Management team. Develop Strategies/plans to automate the treasury & cash management function and implement IT solutions.
- Ensure that adequate controls are in place with respect to segregation of duties and other cash management activities.
- Develop strong processess and people capabilities by leveraging the shared services approach.
KPIs
- Timely reporting of dashboard information (daily/ weekly/ monthly), performance reporting (KPI) information agreed, Improvement in service delivery parameters (SLA/ KPIs) over last 6 months performance.
- Vendor Paid On Time Ratio (on due date) - Bank Documents.
- Timeliness of processing of Import Documents (LC, CAD, Acceptance, etc.) (normal 2 working days, urgent 4 banking hours).
Work experience requirement
- 8+ years Experience in Treasury and Cash Management, Trade Finance handling bulk import shipments.
- Must have worked in a shared services / BPO setup.
Qualification
Chartered Accountant / MBA Finance
Competencies
Financial Transaction ProcessingFinancial OperationsOracle/SAP ERPFinancial ComplianceFinancial Risk ManagementCommunicating effectivelySelf and Team ManagementPlanning & Decision MakingCustomer CentricityOwnership & Result Orientation
