Forex Management

Talent & Tracking Consultants; Ghaziabad District; On-site; INR 1,000,000 - 1,800,000; Full time

Job summary

Talent & Tracking Consultants in India seeks an experienced Treasury/Forex Manager to manage forex hedging for imports and exports, RBI-compliant reporting, and MTM accounting on forward contracts. The role includes budgeting, MIS, and ensuring policy adherence.

You will oversee cash management, funds deployment in deposits and investments, manage banking relationships, and drive day-to-day banking operations, including multi-user banking portal access and credit facilities monitoring.

Qualifications

• Experience in forex management and hedging for imports and exports.
• Preparation of MI files on forex exposure and RBI-compliant reporting.
• MTM accounting on forward contracts and hedging reviews.
• Experience with multi-user authorization matrices on banking portals.
• Exposure to cash management and funds deployment.

Responsibilities

• Hedge exposure via forward contracts and options with banks.
• Prepare daily MIM statements and CMA/QMR/HMR reports for banks.
• Maintain RBI compliance and company policy.
• Oversee cash management and funds placements.
• Coordinate with banks for credit facilities and covenants.
• Operate day-to-day banking operations and import/export payments.

Skills

Forex management

Cash management

Banking operations

Hedging

Excel

PowerPoint

MS Word

IND AS knowledge

Financial reporting

SAP HANA

Tools

SAP HANA

Banking portals

Job description

Role & responsibilities

• Experience in booking forward contracts, options etc. directly with banks for hedging imports and exports transactions . Annual review /renewal of company policy on forex management. Fixing of annual forex budget rates and preparation of MI file on forex management for reporting forex gain/loss on covered and Open exposure in compliance with company policy and RBI guidelines. Accounting of MTM on forward contracts/options and quarterly review of hedging effectiveness of the hedaina contracts. Circulation of daily MIM statement on forex exposure.


• Experience in placing surplus funds in instruments like Bank Fixed Deposits, NBFC Deposits, mutual funds or any other option approved by Board. Preparation of daily cash management file to ensure optimum utilization of companys funds. Impairment testing of various investments made by company.


• Experience in setting up of multi-user authorization matrixes on banking portals


• Preparation of stock statement, QMR, HMR and CMA for submission to the banks.


• Submission and compliance of documents/ information required by bank from time to time in connection with the credit facilities, covenant monitoring of loans.


• Experience in handling trade transactions i.e imports and exports and ensure compliance of RBI Guidelines for submission of Bills of Entry and IDPMS closure.


• - Forex management with good exposure size


• - Cash management


• - Import A1 and A2 payments


• - Working capital and term loans


• - Fundraising


• - Day-to-day banking operations

Functional Skills:

• Work Exp in SAP HANA for accounting and report generation


• Sound knowledge in IND AS particularly relating to financial instruments, impairment, borrowing costs


• Excellent Excel, Power Point and MS word.

Industry Background:

- Exposure in a Manufacturing Industry, preferably auto component industry.