Deputy Manager Treasury

Role & responsibilities

Monitor daily planning of cash, bank balances and cash flow forecasting weekly to Headquarter in Sweden.

• Main responsible for local banking structure and banking management. Build strong relationship with partner banks. Identify opportunities to better utilize the services from core banks. Negotiation of Bank charges for all the services and reduce the cost to the minimum reasonable level.
• Ensure correct, timely documentation to bank when executing or collecting payments, including custom documentation.
• Credit Limits renewal and submission of quarterly data-AR, Inventory-AP ageing etc to bank. Negotiation of credit limit cost and get the cost effective for DCIN.
• Prepare, collect and update KYC data.
• Drive Payment file implementation with M3 Vs Bank data.
• Execute domestic payment proposals and supplier invoices on weekly basis (suppliers and employees) On ad hoc basis execute manual payments.

• Prepare, collect and update KYC data.
• Drive Payment file implementation with M3 Vs Bank data.
• Execute domestic payment proposals and supplier invoices on weekly basis (suppliers and employees) On ad hoc basis execute manual payments.
• Prepare, administrate and follow up Export Letter of Credits.
• Overall responsible for notifications and reminders, correction of invoices to customers according to AI1753.Regular contact with Group Treasury team and drive timely accurate internal netting of AP and AR.
• Bank Guarantee (BG) issuance and preparation for documentation and accounting. Monitor and report utilization of local bank guarantee limit.
• Fixed Deposits against BG to be reconciled and interest accrual on quarterly basis. Drive closure of fixed deposits against credit limits.
• Repayment of ECB loan as per agreement & ECB Interest accounting & TDS.
• Clearing EDPMS & IDPMS all pending invoices and reconcile the same with M3 records monthly.
• Implementing required Internal control on Treasury process and support and co-ordinate with internal auditor while implementing the internal control process related to Order to Cash, Inventory, Purchase to pay, Fixed Assets and Record to Report, Statutory Compliance and Entity level

Preferred candidate profile

• CA / ICWAI qualified / Masters Degree in Accounting, Business Administration, Economics, Finance etc.
• Several years of work experience in corporate treasury or banking (cash management)
• Infor M3 / SAP/ any ERP system experience preferred
• Strong financial acumen and knowledge of financial processes
• Ability to work collaboratively across departmental functions
• Strong analytical, conceptual, and planning skills are required
• Ability to communicate effectively at all levels of the organization
• Ability to work under pressure and show evidence of creative thinking as well as the ability to handle complex problems in a timely manner
• Proficient in Microsoft Office tools like Excel/Word/Power point etc.
• Excellent written and verbal communication skills