Treasury Manager, India & Bangladesh
Location
Mumbai | India
Job description
Job Description
Treasury Manager, India & Bangladesh Position Overview The role is responsible for:
- Building and maintaining banking relationships across 4 legal entities and multiple banks for India & Bangladesh.
- Managing liquidity and ensuring sufficient fund are available for regular payment run and place surplus fund into deposit across 2 distinct markets.
- Responsible for Forex & Commodity Risk Management Operations
- Managing issuance, tracking and reporting of bank guarantees.
- Managing Foreign Currency Payables across Opex and Capex.
- Evaluation of Interest expense savings/ optimization opportunities
- Managing relations with 3rd party service providers to ensure accurate and timely accounting, reporting and controls for banking transactions
- Support with Cash Repatriation opportunities
- Implementing and managing new-age initiatives in the banking and treasury space to support the changing business needs
- Ensuring regulatory compliance for all banking and treasury requirements – from a Global and local standpoint
- Business Partnership towards Supply Chain Financing, Letter of Credits (LCs), Collections and other banking process improvements
- Regulatory Support for any Restructuring and other Capital Account Transactions
- Ensuring compliance for commodity hedging allowing the business to hedge its exposure of commodity prices in the international market.
Position Accountability Summary - Investing surplus cash of the business through short term cash position forecasting
- Ensure robust Cash Forecasting to enable better ROI as well as Repatriation decisions
- Forecast of foreign currency exposure and raising orders for hedges
- Ensure filing of trade confirmations and underlying documents with the AD bank as required for commodity hedging compliance
- Complete annual certification for FX and commodity hedging by external auditors
- Tracking credit facilities utilization against availability and ensuring sufficient limits to meet various business needs across 4 entities
- Monitor inter-co. loans across domestic entities - approvals, agreements, rollovers and payouts
- Negotiating agreements with banks for set-up of new/additional facilities across aspects such as pricing and liability
- Managing the external commercial borrowing of the company with timely interest and principal payments and compliance with RBI regulations
- Ensuring accurate accounting of the treasury transactions as per USGAAP and local GAAP requirements
- Timely processing of foreign currency payments while ensuring compliance with internal policies and FEMA regulations
- Ensuring timely and accurate accounting of all foreign currency payments and funds transfers in SAP
- Manage issuance of bank guarantees along with ensuring adequate limits availability to meet business needs
- Quarterly consolidation of all guarantees for global reporting
- Manage banking operations including board resolutions, online accesses and KYC compliance
- Apply for special RBI approval as per business requirements for exceptional transactions
- Managing contracts/agreements for retainers in the team
- Performance evaluation of team members through goal setting, mid-year and year end reviews
- Provide local support to implement or rollout new global initiatives, such as new treasury system (S4Hana)
Qualifications Education, Knowledge, Experience - Basic knowledge and understanding of Financial Accounting, reporting requirements unde Companies Act / Indian laws. Exposure to FEMA preferred
- MBA from a reputed B-School / Ranker CA with relevant experience, preferably in Consumer goods / Pharma Industry
- Ability to negotiate with external stakeholders
- Keen sense of controls and compliance
- Cross-functional coordination skills
- Effective use of cash, ensure fund available for payments while earning interest on cash
- Timely compliance of all regulatory requirements in relation to FX, commodity hedging and borrowings
- Effective management of the Treasury team
- Good Knowledge of MS Excel, MS Power Point. Exposure to SAP preferred
Within Country Relocation support available and for candidates voluntarily moving internationally some minimal support is offered through our Volunteer International Transfer Policy
Business Unit Summary Mondelez India Foods Private Limited (formerly Cadbury India Ltd.) has been in India for over 70 years, making sure our mouth-watering and well-loved local and global brands such as
Cadbury chocolates,
Bournvita and
Tang powdered beverages,
Oreo and
Cadbury Bournvita biscuits, and
Halls and
Cadbury Choclairs Gold candies get safely into our customers hands—and mouths
. Headquartered in Mumbai, the company has more than 3,300 employees proudly working across sales offices in New Delhi, Mumbai, Kolkata and Chennai and in manufacturing facilities at Maharashtra, Madhya Pradesh, Himachal Pradesh and Andhra Pradesh, at our global Research & Development Technical Centre and Global Business Hub in Maharashtra and in a vast distribution network across the country. We are also proud to be recognised by Avatar as the Best Companies for Women in India in 2019 – the fourth time we've received this award.
Mondelēz International is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation or preference, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Job Type Regular
Treasury
Finance
Job tags
Salary
