General Manager Corporate Finance

Magic Hive Manpower Development Company; Madurai District; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Magic Hive Manpower Development Company in India seeks a seasoned chartered accountant to lead treasury, banking relationships, and risk management. The role covers cash flow, liquidity planning, hedging, and regulatory compliance across FEMA, RBI, and Ind AS.

You will build policies, oversee audits, coordinate credit ratings, and manage a treasury team. Strong experience in multi-bank facilities and hedging execution is essential to ensure accurate MIS and timely financial closes.

Qualifications

• CA with 20 years of post-qualification experience; listed company experience preferred.
• Hands-on FX and commodity hedging execution and monitoring.
• Experience coordinating statutory and internal audits on treasury and banking matters.
• Knowledge of FEMA, RBI guidelines on hedging and external borrowings.
• Knowledge of accounting and reconciliation as per Ind AS.
• Experience managing multi-bank banking relationships and credit facility renewals.

Responsibilities

• Cash and liquidity management across company bank accounts.
• Oversee working capital facilities, draw-down calculations, and banking compliance.
• Establish treasury policies, approvals, and control mechanisms for fund transfers, investments, and borrowings.
• Invest surplus funds per treasury policy.
• Manage banking relationships and renewal of credit facilities.
• Coordinate annual credit rating exercise with rating agencies.
• Identify and monitor FX, interest rate, and commodity risk exposures.
• Design and execute hedging strategy within approved limits.
• Monitor hedge positions, MTM movements, and hedge accounting requirements.
• Ensure FEMA and RBI regulatory compliance; collaborate with Company Secretary for SEBI-related issues.
• Coordinate statutory and internal audits on treasury, banking, and hedging matters.
• Reconcile bank and loan accounts; ensure monthly, quarterly, and year-end closure.
• Implement and strengthen internal controls over treasury operations.
• Prepare MIS reports with key observations.
• Build and supervise the treasury and compliance team with clear roles and escalation protocols.

Skills

Treasury management

Hedging strategy

Audit coordination

MIS reporting

Banking relationships

Education

CA with 20 years post-qualification experience

Tools

FEMA RBI guidelines

Ind AS accounting

Job description

A. Treasury Management

• 1. Cash and Liquidity Management – Accountable to manage cash flow, fund positioning, and liquidity planning across the company's bank accounts to ensure smooth operations and optimal utilisation of funds.
• 2. Working Capital Management – Oversee working capital facilities, drawing power computations, and ensure timely compliance with multiple banking requirements.
• 3. Treasury Policy and Controls – Establish and maintain treasury policies, approval limits, and control mechanisms covering fund transfers, investments, and borrowings.
• 4. Investment of Surplus Funds – Manage investment of surplus funds in approved instruments in line with the company's risk and treasury policy.

B. Banking Relationship Management

• 5. Banking Relationships – Manage relationships with the company's bankers and financial institutions, including renewal and enhancement of credit facilities, negotiation of rates, and handling of operational issues.
• 6. Credit Rating Coordination – Coordinate the annual credit rating exercise with rating agencies.

C. Hedging and Financial Risk Management

• 7. Exposure Identification – Identify and monitor the company's exposure to foreign exchange, interest rate, and commodity price risk arising from its operating and financing activities.
• 8. Hedging Strategy and Execution – Design and execute the company's hedging strategy, with approved hedging instruments, within limits approved by the management.
• 9. Hedge Monitoring and Reporting – Monitor the effectiveness of hedge positions, mark-to-market movements, and hedge accounting requirements, and monitor outcomes and residual exposure.

D. Compliance, Audit, and Accounts

• 10. Compliance – Ensure compliance with all treasury and finance-related regulatory requirements, including FEMA, RBI guidelines on hedging and external borrowings, and applicable banking regulations. Work closely with Company Secretary to ensure SEBI related compliance.
• 11. Statutory and Internal Audit Coordination – Coordinate with statutory auditors and internal auditors on treasury, banking, and hedging-related audit areas, provide information and clarifications as required, and drive timely closure of audit observations.
• 12. Maintaining Accounts and Ensuring Book Closure – Ensure timely reconciliation of bank accounts, loan accounts, and treasury-related ledgers with the books of accounts, and ensure monthly, quarterly, and year-end closure.
• 13. Internal Controls over Treasury – Implement and continuously strengthen internal controls over treasury operations, banking transactions, and hedging activities.

E. Reporting and Supervision

• 14. MIS and Reporting – Prepare periodic MIS reports highlighting outcomes and key observations from the above responsibilities.
• 15. Team Supervision – Build and supervise the treasury and compliance team, and put in place clear roles, review mechanisms, and escalation protocols.

Operating Model

• The GM - Corporate Finance reports to the VP - Finance.
• Operational finance matters will be handled by the DGM - Operational Finance, with close coordination required on all operations finance related matters.

Key Deliverables

• Monthly treasury and cash-flow MIS, including fund position and facility utilisation
• Periodic hedging position report, and residual exposure statusli>
• Statutory and internal audit closure tracker for treasury, banking, and hedging areas
• Monthly and year-end reconciliation of ledgers with the books of accounts
• Annual credit rating exercise coordination and outcome report
• Ensure policy and process governance is in place and adhered.

Qualification & Experience

• CA, with 20 years of post-qualification experience, listed company experience preferred.
• Prior hands‑on experience in foreign exchange and commodity hedging, including execution and monitoring of hedge positions
• Demonstrated experience coordinating statutory and internal audits on treasury and banking matters
• Working knowledge of FEMA, RBI guidelines on hedging and external commercial borrowings, and banking regulations
• Working knowledge of accounting and reconciliation as per Ind AS.
• Experience managing multi-bank banking relationships and credit facility renewals