Lead Cash Flow & Banking

Job title: Lead Cash Flow & Banking

Company: Aditya Birla Group


Job description: Job Description:Key Result AreasSupporting ActionsCash Flow Planning

• Maintaining a rolling 12-month cash flow forecast and providing precursors for borrowing and investment strategies
• Managing the daily and periodic cash flow planning processes, including the finalization of daily cash flow plans and a rolling 15-day forecast
• Monitoring forecasted versus actual cash flows and adjust projections to reflect changing business conditions or financial needs
• Planning for seasonal or cyclical cash flow requirements, ensuring that adequate funds are available during peak periods

Cash Flow Management & Analysis

• Configuring virtual account setups for payments across all units in coordination with UKSC, ensuring seamless operational efficiency
• Ensuring effective control over interbank fund transfers executed by the team, optimizing transaction efficiency while minimizing errors and delays
• Leading the review and finalization of the Drawing Power Statement (DPS), ensuring accurate allocation of drawing power to banks to optimize available financial resources
• Configuring and managing the virtual account setup for other receipts for all business units in coordination with UKSC, ensuring seamless operations and clear identification of unit-wise receipts
• Managing cash flow mismatches and statutory payments in collaboration with UKSC, coordinating swiftly with banks to resolve any bottlenecks in the payment of statutory dues
• Ensuring timely cash flow alignment with UKSC for smooth statutory payments
• Analyzing the efficiency of collection sweeps across various zones and ensure they are completed timely to maximize same-day payouts. Review any delays and strategize improvements to meet cash flow optimization goals
• Addressing any discrepancies by coordinating with the Team Member and the bank, ensuring timely resolution and accurate reporting
• Managing bank reconciliation by coordinating with the UKSC and treasury team to ensure accuracy and timeliness
• Leading projects for changes and upgrades in various banking setups and ensure seamless integration with the ERP system (SAP)
• Resolving banking queries and escalations while maintaining strong relationships with transaction banking teams and serving as a first responder
• Supporting the setup and coordination of new collection banks by collaborating with SAP and the bank’s IT team, ensuring thorough documentation and testing

Banking Operations Management

• Leading the design, configuration, and control of bank accounts, including sort codes, virtual accounts, and UPI platforms. Negotiate CMS charges and rationalize account numbers for cost-effective and streamlined banking operations
• Authorizing daily interbank transactions and manage utility payments, ensuring timely and accurate processing with proper MIS controls
• Monitoring the resolution of collection credit mismatches and ensure that penny drop transactions and bank credits are accurately posted and received
• Monitoring and managing API performance and downtime planning, while ensuring secure and compliant E-net setups and authorization matrix management across all banks
• Ensuring the timely payment of statutory dues and resolve issues in collaboration with the treasury and UKSC teams
• Monitoring the setup of essential banking infrastructure (e.g., ATM, branch services) at plant locations, ensuring that banking services meet operational requirements
• Handling tax department notices by coordinating bank certifications for vendor and customer transactions, ensuring full regulatory compliance
• Resolving bank account-related issues, including discrepancies in charges for zero-balance accounts and any other banking queries, ensuring prompt resolutions
• Consolidating financial data and provide precise cash flow and MIS reports, ensuring alignment with operational and investment needs
• Serving as the primary point of contact for addressing and resolving all banking queries and escalations, ensuring timely and effective solutions for internal and external stakeholders

Reporting & Documentation

• Finalize the format and frequency of MIS reports to be received from banks
• Preparing the daily cash flow update report to the MD and CFO, ensuring timely, accurate, and actionable insights on the company’s cash position
• Developing and continuously update reporting formats for cash flow reports and management summaries, ensuring alignment with business requirements and facilitating clear communication of key financial data to senior leadership

Stakeholder Management

• Maintaining strong relationships with banks to ensure smooth coordination of banking activities, including resolving delays, discrepancies, and setting up new payment systems
• Maintaining strong relationships with transaction banking teams, ensuring first responders are always available to handle urgent requirements and escalations
• Co-ordinating with banks for managing and setting up APIs, acting as the key liaison to ensure seamless integration and addressing any issues that arise

Audit, Risk & Compliance

• Monitoring implementation of controls for all transactions
• Reviewing adherence to legal, regulatory, and statutory requirements to prevent any non-compliances
• Ensuring front end audits are managed well and responses to all audit queries

Continuous Improvements

• Review the proposed changes in process and system and seek necessary approvals
• Driving the implementation of finalized system and process improvements

People Management

• Assist, guide and monitor team members in their day-to-day affairs
• Ensuring that team is well equipped with the required knowledge and skills to perform their job
• Motivating team members for better performance
• Address team’s issues or grievances

Expected salary:

Location: Maharashtra

Job date: Thu, 08 May 2025 00:10:33 GMT

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