Manager Treasury and Collections

Job Description

Manager Treasury and Collections

Essential Duties and Responsibilities

• Develop rolling short term cash forecast at periodic intervals to ensure availability of appropriate funds to meet liabilities.
• Produce long term cash forecast to support the strategic goal Manage investment of short term surplus funds.
• Manage / operate Bank accounts and online banking profile.
• Monitor the incoming and outgoing cash requirements and its timing.
• Implement new bank technologies to improve cash cycle and simplify company operations.
• Maintains excellent relationship with banking and investment partners, vendors, 3PL, customer Finance teams, shared services team, Group Treasury and Corporate Finance team.
• Negotiate bank charges and service fees.
• Responsible for the overall collections for the domestic and international customers.
• Periodical review of Customer Credit profile and appropriately adjust credit terms/limits.
• Establish communication channel with customers, sales person and 3PLs to ensure timely collection
• Maintain relationships with credit insurance company
• Monitoring and reviewing incoming applications and letters of credit for accuracy.
• Coordinate with Logistics team for submission of documents as per LC terms within stipulated time to avoid discrepancies and payment delays
• Manage equipment leases
• Support leasing analysis and pricing
• Ensure on-time loan repayments and interest payments
• Arrange bank guarantees, LC's and Bid Bonds when required. Prepare Loan covenants reports & Compliance reporting for various facilities
• Establish and monitor treasury operational policies.
• Manage Sarbanes-Oxley compliance for Treasury operations Assesses foreign exchange and Interest rate risk and develops strategies to mitigate it
• Coordinate and oversee activities of the plans’ actuaries, investment advisors, and custodians.
• Participate in matters relating to pension plan accounting, funding, actuarial valuations, governance, and other corporate issues related to investments of US plans.
• Maintain Credit card policy and ensure user adhere to policy
• Ensure monthly bank reconciliation are completed in time for closure
• Ensure accruals and currency revaluations are posted to show accurate representation.
• Post the accounting entries related to Interest expense and PCARD
• Maintains exchange rate logs
• Computation of EIR
• Provide schedules / reports required for audits

Key Competencies (knowledge, skills and abilities every person must possess to be successful)

• Strong Inter-personal, problem-solving and analytical skills, Detail oriented.
• Positive attitude, Confident, Pro-active, Adaptable, Self-starter, Keen learner and a good team player.
• Excellent verbal and written communication skills
• Ability to work independently, prioritize and work under pressure to meet deadlines.
• Maintain confidentiality.

Education/Experience

• MBA with 8+ years of overall experience in cash management, collection management and facility management in a corporate or a banking environment.
• CPA and / or CTA designation is a plus
• Knowledge of SAP (highly preferred) and Excel required.