Finance & Accounts - Area Incharge (Treasury )

JOB DESCRIPTIONJSW JFE Electrical Steel Private Limited Position Details ParticularsDetailsPosition Name Manager – Treasury & BankingCurrent Position Holder NewDivision JSW JFE Electrical Steel Private Limited (JV between JSW Steel & JFE)Location VijayanagarReporting To Head – Treasury / CFORecruitment Priority Urgent / ImmediateNumber of Positions 1 Purpose of the Role To manage the company's cash flows, liquidity, banking operations, foreign exchange (forex) exposure, trade finance instruments (LC/BG), and loan compliance for a manufacturing setup. The role requires strong knowledge of Ind AS, treasury operations, financial risk management, and stakeholder management to ensure effective financial planning, regulatory compliance, and optimal utilization of funds. Organization ChartPosition Reports To: CFO / Head – TreasuryPeer Positions: Manager – F&A, Manager – FP&A Controlling, Manager – TaxPositions Reporting To This Role: Executive / Deputy Manager – TreasuryOrganization chart to be attached as an annexure. Key Result Areas (KRAs) and Key Performance Indicators (KPIs)Cash Flow and Liquidity Management: Manage daily cash flows, liquidity, short-term investments, and working capital limits, including cash credit (CC), letters of credit (LC), and bank guarantees (BG).Trade Finance Management: Oversee LCs, BGs, standby letters of credit (SBLCs), amendments, and import/export documentation.Forex and Risk Management: Monitor foreign exchange exposures arising from imports and exports and execute appropriate hedging transactions.Loan and Project Finance Management: Monitor long-term loans, external commercial borrowings (ECBs), project finance, repayment schedules, and covenant compliance.Treasury Accounting and Compliance: Ensure accurate treasury accounting, including interest accounting, mark-to-market (MTM) valuations, and hedge accounting in accordance with applicable Ind AS requirements.Banking and Stakeholder Management: Liaise with banks, rating agencies, statutory auditors, and internal stakeholders to ensure effective treasury operations.Process Improvement and Automation: Drive treasury automation, ERP/Treasury Management System (TMS) integration, and process efficiency. Critical Tasks and Key ActivitiesKRA 1: Cash and Liquidity ManagementObjective: Ensure optimal liquidity for operational expenditure, capital expenditure, vendor payments, and statutory dues while minimizing idle cash balances.Key Activities:Monitor daily cash and bank balances and maintain adequate liquidity for business operations.Prepare and review daily and weekly cash flow forecasts.Ensure timely execution of vendor payments, payroll, utility payments, and statutory obligations.Monitor and optimize working capital facilities and banking limits.Invest short-term surplus funds in accordance with the company's Treasury Policy.Identify opportunities to improve cash utilization and minimize financing costs.KRA 2: Loan Management and Covenant ComplianceObjective: Ensure accurate tracking, timely servicing, and compliance with the terms and conditions of long-term loans, ECBs, and project financing arrangements.Key Activities:Monitor loan drawdowns, interest payments, repayment schedules, and outstanding balances.Ensure compliance with loan covenants and financing agreements.Prepare and submit Debt Service Coverage Ratio (DSCR) and other financial ratio calculations to lenders.Coordinate with project teams to monitor capital expenditure, project funding requirements, and utilization of funds.Maintain accurate loan documentation and financing records.Coordinate with banks and lenders for loan-related reporting and compliance requirements.KRA 3: Trade Finance and Forex Risk ManagementObjective: Ensure timely and accurate execution of trade finance transactions while mitigating foreign exchange risks associated with imports and exports.Key Activities:Arrange, open, amend, and monitor LCs, BGs, and SBLCs in coordination with banks and internal stakeholders.Ensure compliance with UCP 600, FEMA, RBI guidelines, and other applicable regulatory requirements.Monitor shipping documents, usance periods, maturity dates, and payment obligations.Identify and monitor foreign exchange exposures arising from import and export transactions.Execute approved forex hedging transactions in accordance with the company's Treasury Policy.Maintain appropriate documentation and accounting records for hedge transactions in line with applicable Ind AS requirements.Monitor forex market movements and assess their potential impact on the company's financial position.6. Decision-Making AuthorityDecision-making authority shall be exercised in accordance with the company's approved delegation of authority, treasury policy, and applicable internal control procedures.8. Competencies Required9. Working Relationships – Stakeholders Educational Qualifications and Work ExperienceQualification: Chartered Accountant (CA) or MBA in Finance.Experience: 5–10 years of relevant experience in treasury, banking operations, forex management, trade finance, and loan management.Preferred Skills: Working knowledge of SAP or other ERP systems and treasury management platforms.Industry Preference: Experience in manufacturing, capital-intensive industries, or project-based organizations would be an advantage.Strong knowledge of treasury and banking operations.Expertise in foreign exchange risk management and hedging.Sound understanding of trade finance instruments, including LCs, BGs, and SBLCs.Strong cash flow forecasting, liquidity planning, and financial analytics skills.Knowledge of Ind AS, treasury accounting, and hedge accounting.Understanding of loan management, project finance, and covenant compliance.Strong negotiation, analytical, and problem-solving skills.Effective communication and stakeholder management capabilities.Knowledge of SAP, ERP systems, and treasury automation tools.Internal StakeholdersCorporate Finance & Accounts (F&A) TeamProjects TeamInformation Technology (IT) TeamJoint Venture (JV) PartnerExternal StakeholdersBanks and Financial InstitutionsStatutory AuditorsRating AgenciesOther Financial and Regulatory Stakeholders, as applicable10. Key Success Factors and ChallengesCash Flow and Liquidity Optimization: Ensure accurate cash flow forecasting, effective liquidity management, and efficient working capital utilization.Project Financing and Cost Optimization: Support project financing requirements, manage trade finance effectively, and optimize the overall cost of funds.Forex Risk Management and Compliance: Effectively manage foreign exchange exposures while maintaining strong financial controls, regulatory compliance, and governance.Banking Relationship Management: Establish and maintain an effective banking ecosystem to support the organization's operational and project financing requirements.Treasury Systems and Process Excellence: Strengthen treasury processes, controls, automation, and reporting mechanisms. Additional InformationThis is a newly created position within the Finance & Accounts Department of JSW JFE Electrical Steel Private Limited (J2ES-V), a joint venture between JSW Steel and JFE.The company is setting up a greenfield CRGO (Cold Rolled Grain-Oriented) electrical steel manufacturing facility at Vijayanagar, with an annual production capacity of 100,000 MT and an estimated project cost of ₹7,102 crore.The role will support the establishment and management of the treasury and banking framework required to meet the organization's operational, project financing, and long-term financial management requirements.