Olam International - Manager - Corporate Treasury

Role : Manager, Corporate Treasury, OFI India

We have an exciting opportunity for a Manager, Corporate Treasury (OFI India) to work in a truly global environment to direct the Treasury activities of OFI India business including the effective management of funding and liquidity, banking relations and trade finance arrangements. The role provides long term potential for someone eager to further develop their career within the fast- paced food ingredients sector.

Location : Gurgaon, India

Key Responsibilities :
 
Bank Relationship Management :

- Arrangement and ongoing negotiation of all borrowings, bank relationship management.

- Manage 10+ bilateral banking relationships, trade facilities, multiple banking arrangements.

- Develop new banking relationships and deepen existing banking relationships

- Review and agree on all facility documentation in conjunction with the Legal team

- Engage with banks/ development financial institutions for medium-long term financing as and when required for local currency financing

Working Capital & Cash Flow Management :

- Work with Business and Product finance in coordination with country CFO on working capital metrics and improving working capital productivity and operating cycle times.

- Day to day cash flow management of the business to ensure optimal liquidity for all business units at the most optimal cost

- Ideate, identify, and implement bank / alternative finance solutions for effective working capital management across receivables, inventory, suppliers etc.

- Coordinate with central treasury on the Group's credit profile and internal rating for best in class cost of borrowing and evaluate feasibility of public / private credit rating.

Utilise local regulations to the company's advantage :

- Effectively understand and utilize country's regulations on directed lending (Priority Sector, MSME etc.) and create partnerships with banks to utilize to the advantage of the Co in reducing cost and/or create a sizable off b/s funding book.

- Utilize direct farm lending to reduce cost and create long term streakiness with suppliers/ farmers.

Financial Risks Management (FX, Interest Rates, Commodities, etc) :

- Work with Business Unit and Country Finance teams to provide FX hedging solutions

- Oversee OFI India's currency risk to ensure active management of FX exposures

- Manage interest rate risk via matching sources and types of funding with the applications (fixed assets / working capital) at the portfolio level

Compliances (Tax, FEMA, RBI, DGFT, AML etc.) :

- Will be responsible for all compliance related to exports, imports, foreign currency, borrowing and remittances.

- Will work in close coordination with corporate finance on timely submission of returns (stock Statements, Monthly/ quarterly Bank compliance, UFC, EDPMS/ IDPMS, IRM, BRC etc.)

- Oversee treasury accounting policies and procedures

- Coordinate with Country Tax team to ensure compliance with applicable guidelines relating to Treasury activities

People and Process :

- Provide strong guidance, support and technical leadership on treasury matters to team members and colleagues across the business units of the Co.

- Cultivate an environment of continuous improvement, facilitating the development & progression of the Treasury team

- Implementation of robust controls related to treasury matters to all parts of the Co.

- Continuously improve on automation and outsourcing to GBS of the treasury activities to increase efficiency.

Required Skills and Experience :

- A Corporate Treasury or Banking professional with around 8-12 years of experience

- Extensive technical treasury expertise in an international corporate environment or experience in a reputable bank with track record of value generation for the business through dynamic treasury management

- Treasury and/ or Masters qualifications (ACT/CA/MBA/CFA)

- A sound knowledge of International trade and related banking and treasury processes and structures is necessary

- Familiarity with commodity supply chain and applicable trade finance solutions is highly desirable

- Demonstrable experience of making commercial decisions to preserve and protect Co. balance sheets

- Strong inter personal and communication skills suitable for managing and influencing stakeholders across multiple business units required