Manager - Finance & Accounts - Treasury & Forex

Manager Finance and Accounts - Treasury & Forex

About Client :

- Our Client is a global commodity trading and processing company, parent Company is based in Switzerland. The company specializes mainly in coffee, cocoa and cotton.

- They have more than 40 offices located in over 35 countries all around the world. It is the largest coffee millers in the world.32% of their coffee and 43.7% of their cocoa is sold as sustainable.

Job Location : Bengaluru

Qualification : CA or CA + ICWA or CA + ICWA Inter

Work experience : 7+ years

CTC Best as per Industry Standards

Designation : Manager Finance & Accounts- Treasury and Forex.(80% Role)

Responsibilities :

The following would be the essential responsibilities for this position :

A. Treasury Function :

a. Managing local credit lines for the businesses which may include negotiating new lines or amendments to existing lines as well as revising facility documentation

b. Managing foreign exchange exposure on a day to day basis which includes hedging of forex positions.

c. Ensure proper documentation for the forex and commodity hedges in line with RBI/FEMA guidelines.

d. Manage day to day cash position, ensure effective utilization of Working Capital

e. Cash flow planning to ensure timely debt servicing.

f. Improve our competitiveness through minimizing our financing costs on a monthly basis.

g. Handling various documentations for local and global business like ISDA, Brokering firms memberships agreements, RBI, FIRCs etc.

h. Managing all other treasury functions efficiently, accurately and timely.

i. Pro-active advisory role on currencies to senior management.

j. Legal compliance of law of the land/RBI.

k. Developing new and strengthening existing banking relationships.

l. New product development like various arbitrages.

m. Ensure proper control and checks prior to releasing the payment.

n. Maximization of return on surplus funds

B. Finance Function :

1. Statutory Compliances & Audits :

a. Ensure compliance of applicable statutes i.e submission of GSTR, filing of returns, closure for assessments etc.

b. Put in necessary internal controls to facilitate statutory compliances.

c. Liaise with Auditors for closure of statutory and tax audits

2. Management Reports :

a. Prepare Variance Analysis Reports - Budget Vs Actuals

b. Detailed evaluation of monthly Profit & loss a/c with local management and controller (including direct costs and O/H analysis)

c. Detailed Balance Sheet with significant movement analysis including inventory movements.

d. Ageing report of outstanding receivable / payable

e. Inform management about significant issues and provide recommendation

f. Managing Ad-hoc projects initiated by the local management, which forms part of regular review.

3. Accounting :

a. Lead the accounting team located in Bangalore

b. Ensure accuracy, completeness of accounting data in ERP by way of variance analysis and review of all journals before posting

c. Ensure accuracy and completeness of month end accruals

d. Design accounting /work procedure / Internal control standards and ensure that they are implemented and maintained.

4. Monthly reports to group entities (overseas entities - Switzerland/Singapore)

a. Review of monthly reports i.e Profit & Loss, Balance sheet etc. and circulate with overseas entities within the agreed timelines.

5. Others activities :

a. Timely monthly submission of the asset and liability report

b. Calculate deferred tax asset/liabilities on a monthly basis