Treasury Banking Professional

Purpose : To manage financial resources, by ensuring timely fund availability while investing surplus funds in Fixed Deposits.

Principal Accountabilities

• Strategic Planning & Budgeting - Identify idle funds for investing in Fixed Deposits as instructed by the Regional Accounts Head. Develop a plan for investment withdrawals in consultation with the Regional Accounts Head, considering factors such as investment maturity, cash flow needs, and market conditions. Ensure seamless execution of plan prepared by Regional Accounts Head to manage liquidity crisis.

• Financial Management & Compliance - Regularly monitor bank accounts on a daily basis and ensure timely reconciliation by the Accounts Payable team. Collect payment requirements from departments, create cash flow forecasts, and oversee fund requirements monitoring. Forward payment advice to vendor and concern department. Coordinate with banks and RERA ESCROW account fund withdrawals post submission of certificates. Provide necessary training to team members on new banking products and handle banking complaints promptly.

• Banking Relationship Management - Act as a primary liaison between the organization and banking partners, fostering collaborative relationships and promoting mutual understanding.

• Employee Expense Management - Ensure accurate and timely release of vendor payments with clear and timely communication of advice to both vendors and relevant stakeholders. Verify compliance with reimbursement limits and process expense reimbursements in a timely manner to support employee satisfaction and financial discipline. Validate documentation for expense reimbursements pertaining to projects, employee reimbursement, and petty cash to ensure documentation is maintained in a state ready for audit.

• Digitization & Data Assurance - Propose automation interventions for areas under Banking & Treasury management. Implement finalized automation intervention in collaboration with various stakeholders. Ensure effective usage of the automation interventions.