Treasury Head

Roles & Responsibilities The Treasury Head is responsible to assess, plan, monitor, manage and control the efficient utilization of cash and bank activities in a manner consistent with the objectives of the Company. Create continuous improvement environment for policies and procedures for maximum accuracy, efficiency and internal control.Management & Cashflow planningManaging day-to-day cash and treasury activities in line with the Delegation of Authority, treasury policy and manages appropriate procedures, processes and internal control environment around month-end and quarter-close activity.Managing treasury operations and controls (cash pooling/sweeping, etc.)Provides advice to the Manager on all areas of cash management and investments.Reviews the Cash Flow requirements report to ensure funds availability to meet operational requirements.Evaluate, develop and implement cash management systems to control cash and bank transactions movement on daily basis.Understand and manage appropriate accounting procedures and processes.Managing relationship with Supply Chain to ensure that payments are made on schedule and on time. Collect bank statements from each operational bank with every 5 days interval where online banking facility is not available or in the process to convert to online banking.Ensure bank advices (Credit & Debit) received from banks and booked on SAP system within the same transaction month.Leading the preparation, control, generates and approval process of Vendor payments (Check, CPO, Bank Transfer, internet banking, petty cash) and submit with proper control over cheque booksDevelop everyday cash position report comprising of forecasting every week cash receipts & disbursements and allocate cash for cheque payments with collaboration of Supply Chain & Sales & HR teams. Ensuring long-term cash flow and working capital requirement.Provide responses / reports and analytical information as requested by management, external auditors, internal auditors, or when issues are identified for further review.Monitoring & ControlReviewing funding needs, monthly reporting of all treasury activities to senior managementMonitor the interest and repayment of the borrowings, recording accruals for interest expense where required and perform reconciliation of interest from bank statement. Maintain interest calculation template to monitor the charges levied on the overdrafts daily.Review of bank signatories list and update the bank on change of signatories in a timely fashion where necessary.Manage external and internal auditor relationships with an eye towards increasing the efficiency and effectiveness of all controls.Prepare forecasts to project company cash positions in the short run and the near future Re-values FX denominated balance sheet accounts as required for the preparation of financial statementsReconciliations for balance sheet accounts are conducted as per finance policies and procedures. They are completed monthly and submitted timely ...