Assistant Treasury Manager

Mafatlal Industries; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Mafatlal Industries is seeking an Assistant Manager Treasury in Mumbai to oversee cash flow, banking relations, and funding initiatives. You will coordinate borrowing, negotiate facilities, and manage security, guarantees, and cash management activities.

Ideal candidates have 2-5 years in treasury or banking roles, with strong analytical and compliance focus. The role involves RBI/FEMA guidelines adherence and collaboration with auditors and finance teams.

Qualifications

• 2-5 years of treasury/banking experience.

Responsibilities

• Fund raising through term loans, working capital facilities, and other banking arrangements.
• Manage relationships with existing banks and onboard new banks.
• Create and review security documentation and improve security cover for facilities.
• Coordinate bank guarantees, letters of credit, and non-fund-based facilities.
• Explore new banking products and trade finance solutions to manage working capital.

Skills

Treasury management

Banking liaison

Financial analysis

Job description

Job Description

Position: Assistant Manager Treasury

Department: Finance

Exp - Min 2 - 5 yrs

Location - Chruchgate

Key Responsibilities

• Fund raising through term loans, working capital facilities, and other banking arrangements, including negotiation and execution of financing documents.
• Manage and strengthen relationships with existing banks and assist in onboarding new banks.
• Create, manage, and periodically review and execute security documentation; assist in improving security cover for banking facilities.
• Coordinate issuance, renewal, and monitoring of bank guarantees, letters of credit, and other non-fund-based facilities.
• Explore and implement new banking products and trade finance solutions to manage working capital and cash flow requirements.
• Prepare CMA data and other information as required by banks.
• Prepare covenant tracker, ensure compliance with banking covenants and terms and conditions.
• Coordinate with credit rating agencies, including data submission, making presentations and timely rating of banking facilities.
• Analyse borrowing and finance costs and undertake initiatives for interest cost optimization.
• Manage bank accounts, including opening/closure of accounts and updating authorized signatories.

Cash flow Management, Hedging & Treasury Operations

• Prepare and review daily cash flow position and cash forecasts.
• Determine investible surplus and deploy funds in mutual funds and other approved investment instruments in line with treasury policy.
• Execute and monitor hedging transactions, including forward contracts, to manage foreign exchange risks.
• Track hedge effectiveness and maintain required documentation as per internal policy and regulatory guidelines.
• Ensure compliance with RBI regulations, FEMA provisions, and bank policies.
• Prepare treasury MIS, dashboards, and periodic reports for senior management.
• Support automation and process improvements to enhance efficiency, controls, and accuracy in treasury operations.
• Ensure timely accounting, reconciliation, and record maintenance of treasury transactions.

Audit, Compliance & Controls

• Coordinate with internal and statutory auditors and resolve audit queries related to treasury and banking activities.
• Provide accurate data and documentation related to borrowings, bank accounts, guarantees, and hedging transactions.
• Obtain periodic bank balance confirmations and loan confirmations.
• Support implementation and maintenance of internal controls within the treasury function.