Job Description
Treasury and Banking
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.
Skills:
- Treasury operations
- Corporate finance and cash management
- Negotiation and communication skills
Applicable country regulatory and compliance knowledge
- Good understanding of business and economic environment
AREA KEY ACTIVITIES:
1. 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
- Review 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, rating agencies and other lending institutes and ensure compliance to RBI guidelines
- Manage relationships with the banking partners for Essar Capital its holding companies, coordinate the visit for renewing terms with banks
- Create and review documents required to be submitted to banks and maintain existing banking and payment processor relationships
- Raise money from banks or lending companies as per liquidity requirement and negotiate with banks on short-term loan agreements (interest rate as well as tenure)
- Authorize all payments for local vendors, employees, statutory authorities; authorize payments for travel advances; coordinate with the Board to update the signatory approval list for payments
2. Cash Flow Management:
- Monitor all company receivables and payables; review all credit line documentation; oversee all commercial borrowings (ECB) and payments; arrange funds for any capital requirements
- Handle timely reconciliation of cash application and disbursements and monitor cash transactions to ensure alignment with bank account balances as well as report any unusual items to be investigated. Develop and submit all financial and account report to management
- Deploy idle funds profitably to ensure efficient cash flow, profitable fund management and policy compliance
- Prepare liquidity requirement schedule over the short to mid-term
- Prepare investment plans of surplus funds after considering the all the inputs in a way as to generate maximum yields
- Ensure quick turn-around time for term loans, working capital loans; manage other borrowings and debts
3. Transaction Processing:
- Coordinate with banks for letter of credit / cash against documents, validation of bank guarantees, bank transfer etc.
- Monitor customer/vendor code creation process in the system - name, address, bank details, quarterly updates of credit limits for both existing as well as new customers/vendors, etc.
- Monitor and approve receipt vouchers, payment vouchers, cheques etc. Resolve queries / escalations and seek necessary approvals from Director - Treasury and Banking
4. Insurance Management:
- Identify areas of risk cover in consultation with Director - Treasury and Banking and liaise with insurance company to get insurance cover for identified areas / assets
- Negotiate for terms and conditions of insurance cover and initiate insurance claim/ renewal process in order to decrease Essar Capital and its holding company's risk exposure to unforeseen circumstances.
5. Monitoring and Reporting:
- Monitor the performance and security credit, working and depository accounts held with local and international banks and investment institutions
- Ensure that the Treasury activities are accounted for and reported in an appropriate manner and on a timely basis
- Review accuracy of data and timeliness of entry / updates and create investment MIS reports and ensure correct documentation
- Handle queries and mismatches with counterparties and custodians, by preparing and reconciling all custodial statements against records as soon as they are received
- 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
NETWORK WITHIN THE ORGANIZATION:
- Organizational leadership
- Finance and accounting team
- Tax team
- Compliance team
NETWORK OUTSIDE THE ORGANIZATION
- Banks
- Credit rating agencies
- Lending institutes
- Regulatory firms
- External auditors
KPI:
- 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 & RBI
- Timely availability of liquidity and arrangement of funds
- Accuracy of MIS reports
- Relationship maintenance with banks, rating agencies, lending institutes, etc
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.
Skills:
- Treasury operations
- Corporate finance and cash management
- Negotiation and communication skills
Applicable country regulatory and compliance knowledge
- Good understanding of business and economic environment
AREA KEY ACTIVITIES:
1. 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
- Review 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, rating agencies and other lending institutes and ensure compliance to RBI guidelines
- Manage relationships with the banking partners for Essar Capital its holding companies, coordinate the visit for renewing terms with banks
- Create and review documents required to be submitted to banks and maintain existing banking and payment processor relationships
- Raise money from banks or lending companies as per liquidity requirement and negotiate with banks on short-term loan agreements (interest rate as well as tenure)
- Authorize all payments for local vendors, employees, statutory authorities; authorize payments for travel advances; coordinate with the Board to update the signatory approval list for payments
2. Cash Flow Management:
- Monitor all company receivables and payables; review all credit line documentation; oversee all commercial borrowings (ECB) and payments; arrange funds for any capital requirements
- Handle timely reconciliation of cash application and disbursements and monitor cash transactions to ensure alignment with bank account balances as well as report any unusual items to be investigated. Develop and submit all financial and account report to management
- Deploy idle funds profitably to ensure efficient cash flow, profitable fund management and policy compliance
- Prepare liquidity requirement schedule over the short to mid-term
- Prepare investment plans of surplus funds after considering the all the inputs in a way as to generate maximum yields
- Ensure quick turn-around time for term loans, working capital loans; manage other borrowings and debts
3. Transaction Processing:
- Coordinate with banks for letter of credit / cash against documents, validation of bank guarantees, bank transfer etc.
- Monitor customer/vendor code creation process in the system - name, address, bank details, quarterly updates of credit limits for both existing as well as new customers/vendors, etc.
- Monitor and approve receipt vouchers, payment vouchers, cheques etc. Resolve queries / escalations and seek necessary approvals from Director - Treasury and Banking
4. Insurance Management:
- Identify areas of risk cover in consultation with Director - Treasury and Banking and liaise with insurance company to get insurance cover for identified areas / assets
- Negotiate for terms and conditions of insurance cover and initiate insurance claim/ renewal process in order to decrease Essar Capital and its holding company's risk exposure to unforeseen circumstances.
5. Monitoring and Reporting:
- Monitor the performance and security credit, working and depository accounts held with local and international banks and investment institutions
- Ensure that the Treasury activities are accounted for and reported in an appropriate manner and on a timely basis
- Review accuracy of data and timeliness of entry / updates and create investment MIS reports and ensure correct documentation
- Handle queries and mismatches with counterparties and custodians, by preparing and reconciling all custodial statements against records as soon as they are received
- 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
NETWORK WITHIN THE ORGANIZATION:
- Organizational leadership
- Finance and accounting team
- Tax team
- Compliance team
NETWORK OUTSIDE THE ORGANIZATION
- Banks
- Credit rating agencies
- Lending institutes
- Regulatory firms
- External auditors
KPI:
- 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 & RBI
- Timely availability of liquidity and arrangement of funds
- Accuracy of MIS reports
- Relationship maintenance with banks, rating agencies, lending institutes, etc
💡 Quick Summary
Seeking a career-building opportunity? The Essar Capital | Treasury Banking Role position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
