Job Purpose:
- Responsible for the Front office part of Treasury and Working Capital Management for ABFRL and all its subsidiaries.
- To critically manage cash flows to ensure proper deployment of available resources
- To arrange for appropriate funding from banks as well as debt markets to ensure company has the cash and liquidity to meet its obligations and managing investments and financial risks in the organization
- Maintain and upgrade Rating Profile by providing timely information to rating agencies
- Responsible to provide to the stakeholders regular MIS reports these include Banks, Rating Agencies, Regulatory authorities like RBI, Internal stakeholders like Company Secretariat, Commercial divisions & to the ABFRL CFO
- Be responsible for compliance of statutory conditions of banking facilities, Commercial Paper & NCDs and work very closely with company secretarial team to achieve this
Job Context:
- Apparel Retail being a long gestation business, cash flow planning and forecasting is very critical to ensure the business is optimally funded.
- Currently ABFRL is in the journey of increasing its market share and footprints PAN India. The company is acquiring companies and since these acquired companies are in growth phase for which it will require borrowing to fuel its growing requirements.
- Managing Liquidity and ensuring adequate credit lines are available at all points in time
- Arranging Non Fund based limits and supporting the business units in hedging Foreign Exchange Risk arising out of trade and non trade exposures through forward covers, swaps, other derivative instruments in line with the Board approved risk management policy
- Cash Savings/ Cash Release from the business to minimize outflow of Interest & Principal Repayment
- Maintain and Upgrade credit ratings from 3 external credit rating agencies.
- Work with business to provide innovative financial solutions and liaise with Legal, Accounts and statutory auditors for introducing such solutions and accounting support
- Continuous relationship management with 30 bankers, Mutual Fund houses, NBC’s and market intermediaries
- Robust/on time/consistent/accurate/Integrated MIS is needed for management decision support
- Periodical and timely banking compliance and submission of financial information to all the lenders
- Ensuring deployment and upgrading of effective cash management systems across cash and card collection points at lowest cost to support business operations.
- Funds allocation between Capex, Working capital and Opex and constant interaction with bankers.
- Preparation of special and ad-hoc reports on various financial decision support points by collecting, sifting, analyzing and summarizing information and trends
Principal Accountabilities | |
Accountability | Supporting Actions |
Treasury and Banking Management for ABFRL and its subsidiaries |
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To develop central MIS tool to ensure common MIS mapping across the format, 100% accurate MIS, automate reporting, on time reports to enable review and decision making |
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People Management |
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Qualifications:
Minimum Experience Level:
10-12 Years
Report to:
Senior Vice President