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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