Deputy Manager - Chennai, India - Saaki Argus & Averil Consulting

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    Description

    About Client:

    Our Client is one of the oldest Comanpany operating in theSweeteners and Nutraceuticals space. It has a diversified portfolioof products including bioproducts nutraceuticals and cogenerationof power. It is also a leader in organic farming and sustainableagriculture.

    Experience: 09Years

    LocationChennai.

    TheTreasury Manager Corporate Treasury is responsible of the cashperformance follow up of her/his scope the securitization of thecash the management of the treasury activities and the relationshipwith Banks locally.

    • The mission is to contribute to cash flowoptimization/reduction of finance cost through Working Capitalmanagement.
    • Ensures daily follow up of cashbalances.
    • Manages balance sheet currencyhedging.
    • Ensures monthly cash reporting ofthe entity including site/plant wise and performs analytical reviewand provides the Head Treasury/Group CFO with comments onperformance.
    • Prepares Daily cash forecastwith detailed plan of action.
    • Ensurescompliance with internal control policy.
    • Manages relations with banks and third parties.
    • Handling credit rating agencies
    • Experience in SAP MIS and any Treasury Automation Tools

    Responsibilities

    Cash management:

    • Monitor payment cycles
    • Monitor and reconciles daily bank accounts
    • Manage bank account openings delegation of signature in respect ofrules and policies
    • Perform liquiditymanagement manage local financing and deposits
    • Control and manage bank guarantees received fromsupplier
    • Prepare /manage bank guaranteeissuance and follow up
    • Manage RBI reportingand filings
    • Monitoring receivables accountingand tracking collections.

    Internal control &Compliance

    • Monitorand drive Internal Control improvement plans to mitigaterisks
    • RBI returns and other legal compliancesrelated to treasury function
    • Follow up andensure execution of action plans by the Department forcompliance

    Cashreporting:

    • Preparecash forecast & actuals reporting for all cycles: BusinessPlan Revised Estimates every quarter
    • Performanalytical review and support site/plant working capital
    • Follow up cash optimization actions
    • IDPMS / EDPMS Compliance

    Working capitaloptimization:

    • Optimize DPO and DSO
    • Follow up customeroverdue on a weekly basis report to management and ensure timelyresolution
    • Explore banking products like SCFProgram and implement the same

    Hedging:

    • Review FX exposures and propose hedgingrequirements

    Bankrelationship:

    • Maintaining excellent relationship with the investment agenciesBanks and consortium

    People management:

    • Work within the team and act as a proactiveperson in all Treasury related topics and create a good teamatmosphere.
    • Centralizing the Treasuryfunction

    Remote Work :

    No