Essar Capital - Manager - Treasury (5-7 yrs)

Position Purpose:

To manage the day-to-day treasury operations of Essar Capital and its holding companies through effective management of cash flows; covering of risks; execution and monitoring of payments; and maintaining relations with banks and other lending agency; in order to ensure all holding companies are as per compliance and regulatory norms

Position Requirements:

- Education bachelor's degree in finance or accounts or equivalent is required

- Master's degree in finance or accounts or CA or equivalent is preferred

- Experience 5 -7 years of relevant work experience in treasury operations

Skill/Competencies Requirements:

- Treasury operations

- Cash management

- Negotiation and communication skills

- Applicable country regulatory and compliance knowledge

- Good understanding of business and economic environment

Area Key Activities :

Treasury Operations:

- Manage the short-term investment and day-to-day cash flow to ensure all treasury operations are done in an ethical and efficient manner

- Carry out treasury operations on a daily basis to ensure that corporate funds are flowing in a manner consistent with maximizing corporate value and minimizing costs

- Monitor past due accounts, monthly collection and strategize on recovery steps on bad debts in order to ensure optimum credit and fund availability for Essar Capital and its holding companies

- Build and maintain relationships with banks, other lending institutes and ensure compliance to RBI guidelines

- To coordinate with various internal functions necessary to execute the Treasury Operations. Efficiently.

- Deploy idle funds profitably to ensure efficient cash flow, profitable fund management and policy compliance

- Create and review documents required to be submitted to banks and maintain existing banking and payment processor relationships

- To coordinate and process all payments for local vendors, employees, statutory authorities; authorize payments for travel advances;

- Monitor and approve receipt vouchers, payment vouchers, Cheques etc. Resolve queries / escalations and seek necessary approvals from Director

- Support in internal audit for the company, provide support to departments to close pending issues; monitor operations and intervene in the treasury process to ensure successful completion of audit and compliance.

- To conduct month on month bank reconciliation and highlight to senior management for any variances with necessary justifications.

- Monitor and approve receipt vouchers, payment vouchers, Cheques etc. Resolve queries / escalations and seek necessary approvals from Director

- Treasury and Banking while processing the payments.

- Review accuracy of data and timeliness of entry / updates and create investment MIS reports and ensure correct documentation

Network:

Within The Organization :

- Organizational leadership

- Finance and accounting team

- Tax team

- Compliance team

Outside The Organization:

- Banks

- Regulatory firms

Key Performance Indicators:

- No past dues or bad debts

- Accuracy of cash flow collections for respective holding companies

- Timely & quality processing of treasury transactions

- Timely and accurate reporting to banks & apex body

- Timely availability of liquidity and arrangement of funds

- Accuracy of MIS reports

- Relationship maintenance with banks, lending institutes, etc.