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    Associate Manager - Mumbai, India - Lubrizol Corporation

    Lubrizol Corporation
    Lubrizol Corporation Mumbai, India

    Found in: Talent IN C2 - 4 days ago

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    Description

    About Lubrizol
    The Lubrizol Corporation, a Berkshire Hathaway company, is a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve wellbeing and enhance modern life. Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales, and technical offices around the world and has about 8,000 employees. For more information, visit

    We value diversity in professional backgrounds and life experiences. By enabling a consistent, unbiased, and transparent recruitment process, Lubrizol seeks to create a positive experience for candidates so we can get to know them at their best. We recognise unique work and life situations and offer flexibility, ensuring our employees feel engaged and fulfilled in every aspect of life.

    Summary of the Role:

    The position is accountable for managing banking relationships, cash management and accounts receivable management with timely collection, customer credit management and accurate reporting.

    Responsibilities / Accountabilities:
    Treasury

    • Overseeing day to day banking operations

    • Managing relationship with bankers

    • Ensuring bank charges, interest, etc are correctly calculated by Bank.

    • Ensure to get competitive rates on banking transactions, forex deals, etc.

    • Ensure Foreign Exchange Management Act (FEMA) (Law governed by Reserve Bank of India which is a the Apex Bank) compliances for Foreign Direct Investment (FDI) and External Commercial Borrowing (ECB), filing of various returns viz. External Commercial Borrowing monthly form filling with Reserve Bank of India, Foreign Assets and Liabilities Annual Form filling with Reserve Bank of India etc.

    • Relevant statues are complied with for foreign inward and outward remittances and providing information to various stakeholders.

    • Preparing cash flow report for actual and projected, cash flow planning.

    Accounts Receivable

    • Ensuring timely recording of customers receipts, debit notes/credit notes

    • Strong follow up of overdue invoices through account managers and manage DSO levels.

    • Customer credit limits are reviewed and monitored.

    Requirements (education, experience, competencies and specific job requirements):

    Education / Certification:

    • Bachelor of Commerce or similar qualification.

    Experience and Skills:

    • Minimum of 8 years of post-qualification experience in treasury

    • Excellent in MS Excel

    • Working in SAP environment is must.

    • Working knowledge of FEMA, banking regulations is strongly recommended.

    • Good in written and communication skills.

    Ready for your next career step? Apply today and let's shape the future together .

    It's an exciting time to be part of Lubrizol. Lubrizol is not staying put. We are continually learning and evolving. Our passion delivers our success — not only for Lubrizol but for those who count on us every day: our employees, customers, and communities.

    As a diverse, global team, we work together to solve some of the world's most pressing challenges. We impact everyday lives through science only Lubrizol can deliver, and we never stop pushing to do it better.

    One of the founding principles of The Lubrizol Corporation more than 90 years ago was treating every employee with dignity and respect. That same commitment is only stronger today.

    More than that, we are committed to providing an environment where every employee can be the best they can be, no matter their ethnic origin, religion, sex, national origin, sexual orientation, gender identity, disability or any other characteristic.

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