Senior Manager - Corporate Finance & Accounts

Position:

Senior Manager - Corporate Finance & Accounts

Function:

Finance & Accounts - Treasury

Location(s):

Head Office

About the Organization:

Berger Paints is the second largest paints company in India and one of the top five paint companies in Asia. It is headquartered in Kolkata, with sixteen strategically located manufacturing units across India (including the subsidiaries), two in Nepal, one each in Poland and Russia and about 162 stock points. The company also has an international presence in four countries (Nepal, Bangladesh, Poland and Russia). With employee strength of above 3500 and a countrywide distribution network of 25,000+ dealers, Berger is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment.

Purpose of Role:

The Treasury Manager will be responsible for overseeing the companys treasury operations, ensuring optimal liquidity management, and compliance with regulatory frameworks. This includes managing banking documentation, fund-raising, Letters of Credit (LC), Bank Guarantees (BG), foreign exchange (forex) management, and adherence to RBI and FEMA guidelines.

Reporting to:

This role reports to the General Manager Finance.

Key accountabilities:

Banking Documentation:

• Manage end-to-end banking documentation, including account opening, KYC compliance, loan agreements, and amendments.
• Ensure accurate and timely submission of documents for fund-raising activities, LC issuance, and BG processing.

Fund Raising:

• Lead the negotiation and acquisition of loans and credit facilities with banks and financial institutions.
• Evaluate loan terms to ensure cost-efficiency and compliance with loan covenants.
• Maintain detailed records of all fund-raising activities and credit utilization.

Foreign Exchange (Forex) Management:

• Monitor and hedge foreign currency exposures to minimize risk and optimize costs.
• Execute forex transactions in line with market trends and company policy.
• Ensure compliance with RBI guidelines and FEMA regulations for forex operations.

LC and Bank Guarantee Management:

• Oversee the issuance, amendment, and closure of Letters of Credit and Bank Guarantees.
• Ensure all LC and BG transactions comply with regulatory requirements and internal policies.

Cash Flow and Liquidity Management:

• Monitor daily cash flows to ensure sufficient liquidity for operational needs.
• Optimize the use of surplus funds through effective cash management strategies.

Regulatory Compliance:

• Ensure adherence to RBI regulations and FEMA guidelines for all treasury activities, including external borrowings, forex management, and fund repatriation.
• Maintain updated knowledge of regulatory changes and implement necessary adjustments.
• Liaise with regulatory bodies and external auditors to ensure compliance with statutory requirements.

Stakeholder Collaboration:

• Collaborate with internal teams, such as finance, legal, and procurement, to support treasury functions.
• Build and maintain strong relationships with banks, financial institutions, and regulatory bodies.

Reporting and Analysis:

• Prepare detailed treasury reports, including cash flow forecasts, loan utilization summaries, and compliance updates.
• Analyze financial data to support decision-making and improve treasury efficiency.

Behavioral Competencies:

• Must have attention to detail, time management, number crunching
• Dynamic, Objective, Achievement oriented having sound managerial capability.
• Good in interpersonal relationship.

Educational Qualification:

CA/M.B.A with proven experience in treasury management, banking, or corporate finance.

Experience:

• 7-12 years of post-qualification experience.
• In-depth knowledge of banking documentation, fund-raising processes, LC, BG, and forex management.
• Proficiency in financial modeling and treasury management systems.
• Manufacturing Organization, listed Company experience and exposure in forex management will be an added advantage.