Treasury Officer

Company Description

Founded in 1991, Hartek Group is a prominent Engineering, Procurement & Construction (EPC) company, specializing across the power sector value chain. With over 500 dedicated employees, Hartek has earned the prestigious 'Great Place to Work' certification six times. The company has completed over 350 EHV and HV substation projects and connected more than 10 GW of solar capacity to the grid in utility-scale projects, preventing over 300 million tonnes of carbon emissions. Hartek is among the Top 5 Rooftop Solar Installers in India and offers innovative power distribution products enhanced with automation and smart grid technologies to ensure reliability and sustainability.

Role Description

This is a full-time role for a Treasury Officer, located in the Mohali district. The Treasury Officer will be responsible for managing the company's treasury functions, including cash management, finance, and treasury services. Day-to-day tasks will involve analyzing financial data, optimizing treasury operations, and ensuring efficient cash flow management to support the company's financial health.

Responsibilities

• Administer Letter of Credit operations (issuance and amendment of Letters of Credit or other instruments) and understand appropriate fees / commissions for portfolio of LCs issued under different credit facilities Maintain credit facility documents (including Letters of Credit, Bank Guarantees etc.) and their records, reporting and compliance requirements.
• Recommend language for LCs to mitigate risks and meet credit agreement constraints, underlying contract arrangements and legal considerations.
• Monitor LC portfolio and coordinate activities related to timely cancellation of outstanding Letters of Credit.
• Prepare and analyze monthly and quarterly consolidated Letters of Credit reports and summaries.
• Reconcile and arrange payment and allocation/intercompany billing of banking invoices for LC fees and commissions.
• Perform variance analysis and develop performance reports for Letters of Credit.

Qualifications

• Skills in Treasury Management and Treasury Services
• Strong Analytical Skills
• Expertise in Finance and Cash Management
• Relevant experience in managing financial operations
• Bachelor's degree, M.Com, MBA in Finance, Accounting, Business Administration, or related field
• Excellent problem-solving and decision-making skills
• Strong communication and organizational skills
• Ability to work independently and as part of a team