Manager-Finance

• Review and supervise global cash management operations including, but not limited to, funding strategies, banking operations, cash flows, foreign exchange execution, and interest optimization) as per the corporate finance strategy.
• To serve as the single point of contact for internal stakeholders of the business unit’s cash and bank account processes.
• Prepare reports and presentations related to fixed deposits, bank guarantees, bank borrowing, land bank, escrow balances & releases, finance income and cost, tasks performed by Treasury team etc. on a weekly/monthly basis or as and when needed.
• Management and overview of various day-to-day treasury tasks including, but not limited to, escrow account management, placement and renewal of new FDs, escrow releases & escrow top-ups, Brokerage reimbursement, review of finance income and expenses, daily / weekly / monthly/ quarterly cash flows, opening of corporate and escrow bank accounts, periodic KYC & review of bank accounts, issuance and release of bank guarantees, monitoring cash margins placed with banks, brokerage reimbursement etc.
• Oversee cash functions, reporting & forecasting, short-term investing & borrowing, wire payments, FX management etc.
• Reviewing monthly BRS & ensuring the integrity and accuracy of fund records.
• To ensure optimum utilization of cash.
• Cash and liquidity management through managing treasury operations (Bank accounts, bank signatories, FD placements & renewals etc.) and controls (cash pooling/sweeping, etc).
• Ensure sufficient funds are available to meet ongoing operational and capital investment requirements.
• Complete special projects as assigned for presentation to senior management.
• Manage excess operating cash to obtain optimum interest revenue.
• Review, approve and release electronic disbursements.
• Effectively work with and support internal business partners including FSS, AR, AP, Legal, Tax, Sales, CRM & IT.
• Prepare and maintain schedules for loans, Sukuks & Land purchases and ensure all committed payments towards interest and principal are made on time as per agreed terms.
• Preparation of reports to see possible Escrow releases (Profit, Retention, Brokerage & Guarantees) and accordingly initiate and complete the whole process.
• Tracking releases from escrow, bank guarantees and to ensure they are withdrawn as and when eligible.
  
  

Financial Reporting

• Oversee the bank account reconciliation, finance income & expense verification with the general ledger on a periodic basis and ensure the resolution of open items.
• Review the Treasury department’s financial statements and required reports regarding the status of the cash and bank balances for the Month End and annual closing.
• Support internal, external, and regulatory auditors in their examination of accounting records related to cash and bank balances.
• Lead the treasury month-end close process including the review and accurate recording of cash activity, finance income and expenses to the general ledger.
• Develop, monitor, and upgrade treasury department budget.