Group Manager - Treasury

• Responsible for the Front office part of Treasury and Working Capital Management for ABFRL and all its subsidiaries.
• To critically manage cash flows to ensure proper deployment of available resources
• To arrange for appropriate funding from banks as well as debt markets to ensure company has the cash and liquidity to meet its obligations and managing investments and financial risks in the organization
• Maintain and upgrade Rating Profile by providing timely information to rating agencies
• Responsible to provide to the stakeholders regular MIS reports these include Banks, Rating Agencies, Regulatory authorities like RBI, Internal stakeholders like Company Secretariat, Commercial divisions & to the ABFRL CFO
• Be responsible for compliance of statutory conditions of banking facilities, Commercial Paper & NCDs and work very closely with company secretarial team to achieve this

• Apparel Retail being a long gestation business, cash flow planning and forecasting is very critical to ensure the business is optimally funded.
• Currently ABFRL is in the journey of increasing its market share and footprints PAN India. The company is acquiring companies and since these acquired companies are in growth phase for which it will require borrowing to fuel its growing requirements.
• Managing Liquidity and ensuring adequate credit lines are available at all points in time
• Arranging Non Fund based limits and supporting the business units in hedging Foreign Exchange Risk arising out of trade and non trade exposures through forward covers, swaps, other derivative instruments in line with the Board approved risk management policy
• Cash Savings/ Cash Release from the business to minimize outflow of Interest & Principal Repayment
• Maintain and Upgrade credit ratings from 3 external credit rating agencies.
• Work with business to provide innovative financial solutions and liaise with Legal, Accounts and statutory auditors for introducing such solutions and accounting support
• Continuous relationship management with 30 bankers, Mutual Fund houses, NBC’s and market intermediaries
• Robust/on time/consistent/accurate/Integrated MIS is needed for management decision support
• Periodical and timely banking compliance and submission of financial information to all the lenders
• Ensuring deployment and upgrading of effective cash management systems across cash and card collection points at lowest cost to support business operations.
• Funds allocation between Capex, Working capital and Opex and constant interaction with bankers.
• Preparation of special and ad-hoc reports on various financial decision support points by collecting, sifting, analyzing and summarizing information and trends

• To manage the loans portfolio, by evaluating a basket of borrowing options at the lowest borrowing cost
• To ensure adequate credit lines are set up for managing liquidity and cash flow
• Maintain a healthy mix of Long Term & Short Term Debt keeping in mind the regulatory requirement & not funding long term Assets with Short Term Funds
• Supporting the business units in managing the Foreign Exchange Risk through forward covers, swap etc.
• Monitor compliances of all borrowing arrangements including debt covenants and timely submission of financial information
• Release Cash from the business through financial solutions such as Operating Lease, Vendor financing, Debtor Discounting etc.
• To manage commercial banking and lender relationships
• To oversee day to day treasury banking operations, controlling cash flows; collections, payments, funding needs etc.
• Guide working capital tie ups including credit card acquisition partners and cash management service providers.
• To present Long term business plans to lenders and seeking funds as per the business requirement.
• To analyse, present business performance to credit rating agency and explaining key improvements taken place during the period.
• To work with the Credit Rating Agencies for maintaining and improving the credit rating
• Ensure of all the investment is done effectively with the help of ABWM. ABWM helps ABFRL in surplus investment management.

• On time circulation of monthly financial MIS; Critical Analysis ; CFO Dashboard
• To identify, develop and continuously upgrade the MIS tool and ensure that it meets the needs of the business decision making and performance management
• To plan, engage and co ordinate with various touch points / responsibility centres and ensures granular level budgeting for every operating period

• Set and evaluate KRAs / KPIs for subordinate positions, Identify development needs of the team & ensuring constant development of professional and technical knowledge of team members through structured trainings, educational workshops, professional publications and participation in industry networks
• Plan on career growth for the team members
• Identify development needs of the team & ensure training programs to address the same.

Aditya Birla Group