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119 Aditya Birla Insulators Jobs

Assistant Manager - Treasury

3-5 years

Mumbai, Nagpur, Thane + 3 more

1 vacancy

Assistant Manager - Treasury

Aditya Birla Insulators

posted 16hr ago

Job Role Insights

Fixed timing

Job Description

Preparation of Daily Borrowing Position of ABFRL, Daily Monthly Treasury Cash Flow and monitoring Execution of day to day treasury banking operations, controlling cash flows, collections, payments, funding needs etc
Job Context:
Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNLS Madura Fashion division and ABNLs subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd
"This consolidation will create Indias largest pure play Fashion and Lifestyle Company with a strong bouquet of leading fashion brands and retail formats. This move brings Indias #1 branded menswear and womenswear players together." - Kumar Mangalam Birla, Chairman, Aditya Birla Group.
ABFRL has been founded in the belief that the first sign of success of a modern nation lies in the ability of its citizens to celebrate. Indias young working population and robust economic performance has led to rising incomes which, combined with increasing global exposure, are empowering many latent wants to morph into demands. With retail expanding independently through brick and mortar as well as e-commerce, the Indian fashion consumer now deserves futuristic and comprehensive omni-channel options. The time for ABFRL to arrive was ripe. ABFRL aims to catalyse the business of fashion through superior infrastructure and experiences, towards a new future.
 
Major Challenges Include:
  1. Cash flow planning and forecasting is very critical to ensure the business is optimally funded.
  2. Biggest challenge was to hold funds during the month of September 2019 because of the cash crunch faced, due to which the working capital cycle was affected.
  3. Documents procedures Several Follow-ups with Bankers for Bank Account Opening Opening of Mutual Fund Investment Folio for Functional Business Departments.
Key Result Areas
Supporting Actions
 
Treasury and Banking Management
  • Maintaining Funding Position for Division of ABFRL on regular basis.
  • Preparation of Daily Cash Flow to monitor the Daily collections payments with different units treasury in ABFRL.
  • Monitoring of bank account balances to ensure no idle bank balances of ABFRL.
  • Preparation of Daily Borrowing Position of ABFRL
  • Execution of Daily Online transfer/Fund Transfer with banks.
  • Handled Banking Operations regarding account opening and all the queries of banks regarding documentations
  • Handled Online authorisation rights for banking operations and Net Banking Access related issues.
  • Preparation of Treasury Monthly Cash Flow
  • Handling Invoice Payment Processing activity of Treasury.
  • Handling DMS Related Queries.
Qualifications:
Chartered Accountant

Minimum Experience Level:
3-5 Years

Report to:
General Manager

Employment Type: Full Time, Permanent

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based on 71 employees
59%
70%
69%
96%
Strict timing
Monday to Saturday
No travel
Day Shift
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Aditya Birla Insulators Benefits

Soft Skill Training
Health Insurance
Job Training
Free Transport
Gymnasium
Cafeteria +6 more
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