Director - Treasury - Accounting Firm

Director Treasury

Company Profile:

ALTISOURCE ASSET MANAGEMENT CORPORATION:

AAMC is a leading boutique alternative asset manager that is focused on building platforms in the multi-trillion-dollar alternative asset space. We have built several businesses that originate, and source bespoke credit secured by various types of real estate on behalf of money managers, insurance companies, large institutions and funds. We also have an asset management company that has a deep history across various types of credit, real estate, distressed housing, and mortgages. We have a data-driven business that feeds the demand to our various origination of private credit platforms in the alternative asset space.

Job Description:

JOB PROFILE:

AAMC through its wholly owned subsidiary in India viz., Finsight Business Solutions Private Limited, is seeking a for a Director, Treasury Financial Accounting, to be located in Bangalore, India. Director, Treasury Financial Accounting , will report to the Vice President of AAMC and CFO, Director of Treasury to execute the development and implementation of treasury functions , allocate cash balances , maintain investment records, prepare expenses and earning forecasting.

ROLE AND RESPONSIBILITIES:

- Responsible for the overall direction, coordination and evaluation of the treasury department

- Execute the development and implementation of treasury functions.

- Support global expansion and establishment of new entities worldwide

- Develop, implement and maintain bank account structures.

- Evaluate, develop and recommend fiscal policies.

- Responsible for liquidity management of all entities

- Continually optimize company's investment portfolio

- Develop and prepare cash forecast.

- Manage all relationships with financial institutions supporting company's cash management operations.

- Manage treasury analysts by developing objectives and development plan in line with global strategy.

- Implement hedging programs for foreign exchange and interest-rate exposures.

- Develop reporting package for executive team and the Board of Directors on company's liquidity and key cash management operating metrics.

- Lead and enhance internal processes to drive operational efficiency and to ensure compliance with internal policies, controls and procedures.

- Develop and monitor treasury operational policies.

- Oversee risk management and foreign currency and interest rate exposures.

- Manage all cash management functions including cash concentration, wires and account funding.

- Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage inter-company cash including inter-company lending, dividends and capital injections.

- Forecast worldwide interest expense and income.

- Oversee cash management banking and financial institution relationships; negotiate bank and service fees.

- Implement new bank technologies, products and services to improve the cash cycle and simplify company operations.

- Prepare and present to senior management a weekly company-wide cash flow report.

- Facilitate the opening of new global banking relationships as needed.

- Demonstrate leadership and training skills to further develop managers and analysts within the department.

QUALIFICATION AND EXPERIENCE REQUIREMENTS:

- Graduate in Commerce with MBA Finance or Chartered Accountant or CPA preferably having worked as Managerial leadership team of an MNC for over 10 years and above.

- Minimum of 15 years of experience in financial accounting, financial reporting, or public accounting; relevant real estate, or financial services experience a plus point

- Strong knowledge on Treasury.

- Strong knowledge on accounting principles.

- Strong Knowledge on India GAAP and US GAAP accounting rules .

- Assess customer/product profitability and drive profit optimization. A Good leader having maintained and team in an MNC

- Crisp, professional, and articulate

- Resourceful, organized, and ability to communicate with diplomacy.

- Possesses high ethics and uncompromising integrity.

- Ability to manage multiple assignments and priorities.

- Expert in MS Excel

- Experience in Oracle NetSuite mandatory.

- Experience in real estate or private equity industry preferred, loan accounting experience an asset

ADDITIONAL NOTES:

- Candidates from Bangalore preferred, but not a pre-requisite and Office timings are 12:00 Noon - 9:00 PM