Manager Treasury
Area: India
Department: Finance
Direct Reporting Line: Senior Manager Finance
Indirect/Secondary reporting line: NA
Subsidiary/Country: India
Location: Gurgaon, India
GSMS Grade: M4
Number of Personnel Managed: Yes
Cost Center/Budget and/or Revenue Responsibility: Yes
Purpose & Overall Relevance for the Organization:
• Monitor and regulate Company’s currency exposure from its trading operations, manage subsidiary's cash flow in order to maximize profit and to ensure compliance of financial obligations with suppliers and vendors.
• Developing/improving systems, processes and policies in the Financial Accounting process that actively support our mission and vision (keep up with/ahead of our current needs)
• Proactively identifying business issues and opportunities that will maximize potential
• Building and developing the strongest Finance Accounting team
• Actively support the development plans of other departments and promote cross department co-operation
Key Responsibilities:
§ Strengthen bank relationships and act as main contact
§ Identify & optimize banking systems as offered by banking partners
§ Monitor opening/closure of bank accounts, incl. maintenance of records on bank signatory lists
§ Arrange fund requests from HQ for L/C and open account settlements.
§ Monitor bank balances and prepare cash balance & movement reports.
§ Monitor and report and cash flow/position to senior management and HQ.
§ Manage all insurance related issues for the subsidiary.
§ Make sure all payments and receipts are performed timely
§ Ensure all treasury and cash management tasks are executed in compliance with company’s policies and guidelines.
§ Obtain and maintain a thorough understanding of the financial reporting and general ledger structure both in IGAAP and IFRS.
§ Support in accurate and timely monthly, quarterly and year end close. Ensure the timely reporting of all monthly financial information and provide clear, quantifiable cause for change from forecast
§ Support Preparation of statutory financial statements
§ Collaborates with the other finance department managers to support overall department goals and objectives.
§ Advises staff regarding the handling of non-routine reporting transactions.
§ Responds to inquiries from the Senior Manager Finance and firm wide managers regarding financial results, special reporting requests.
§ Assist in development and implementation of new procedures and features to enhance the workflow of the department.
§ Provide training to new and existing staff as needed.
§ Supervise the general ledger group, allocate jobs judiciously to ensure all financial reporting deadlines are met
Key Relationships:
The main stakeholders/customers to be dealt with:
• Internally
o Entire Company
• Externally
o Banks
o Audit Firms
o Consultants
o Government Bodies
Knowledge, Skills and Abilities:
§ Strong verbal and written communication skills.
§ Strong interpersonal, supervisory and customer service skills required.
§ Ability to multi-task, work under pressure and meet deadlines required.
§ Must be proficient in computers (excel, power point etc.) and able to thrive in a fast -pace setting.
§ Experience with SAP or other large automated accounting system a must.
Requisite Education and Experience / Minimum Qualifications:
• CA Minimum 5 years of experience in Finance.
• Experience in Treasury will be preferred