Sh Borrowing, Risk & Banking
Year Maharashtra, India
Job Description
b'
Designation: Manager
Updated: May 31, 2024
Location: Maharashtra, India
Organization: Cement
:
Managing Debt Servicing
Maintaining tracker of all due dates of Interest payments, repayments and other reporting requirements related to Borrowings.
Timely coordination for payment funding and settlement instructions to Banks for interest payments and repayments.
Ensuring proper accounting of Borrowings, Interest cost, Finance charges, Hedge instruments, interest capitalization etc. in line with the Accounting principles and IndAS.
Preparing various regular and Monthly MIS reports for the function, handling various internal and statutory Audit.
- Prepare and submit financial covenants with lenders on a half- yearly and yearly basis.
Raising funds through Commercial Papers (CP), Working Capital Demand Loans, Short Term Loan
Dealing with Bank Treasuries and Mutual Funds for fund raising. Negotiating the best competitive rates.
Coordinating CP documents with counterparty, IPA team of Bank and NSDL. Ensuring timely reporting on EBP platform of NSE and
Renewing CP ratings renewal from two rating agencies on a monthly basis and ensuring ratings remain live always.
Handling working capital limits and related facility documentation
Ensuring documentation and various compliance reporting related to Working Capital limits from multiple Banks.
Keeping a track of Limits expiry dates and timely engaging with Banks for renewal exercise.
Assessing upcoming requirements and timely seeking enhancement in limits.
Supporting line manager during evaluation process of long-term fund raising handling documentation in execution process and post execution reporting requirements.
Cross-functional coordination with Marketing Commercial team and influencing for Bills discounting
Coordinating with Banks / NBFCs for exploring non-recourse factoring lines for Key customers.
Pre negotiation , lead generation and partnering with commercial to handle documents for factoring arrangements.
Negotiating LC Bill discounting prices with Banks and coordinating with marketing zones. Handling issues related to LCBD.
Ensure and read through all compliances for commercial papers.
Providing information to various Credit Rating agencies
Company is rated by 5 rating agencies. All the information acquired by them should be coordinated with internal teams and provided on time.
Providing projections during rating renewal exercise and attending to all the numeric queries from Analyst teams.
Coordinating monthly disclosures to rating agencies, maintain master of surveillance fee and coordinating timely payment by accounts team.
Managing Bank Accounts and facilitating banking needs
Reviewing activities related to Bank Account management. Identifying and initiating optimization opportunities for inventory of Bank Accounts.
Ensuring timely coordination of signatory updating requests, maintaining masters of authorization matrix, net banking, category-wise limits etc.
Explore new edge Banking products for Payments and Bank Account management. Supporting in change management initiatives.
Coordinating banking support for UltraTech Community Welfare Trust, Provident fund, Gratuity fund, Superannuation fund, School trusts etc.
Attending and resolving Banking issues faced by payment teams
Attending and resolving all the matters related to banking services for UKSC, Plants, Marketing Zones, RMC, Birla White and other business verticals.
Exception handling related with operations of Bank Accounts.
Qualifications:
MBA
Minimum Experience Level:
9-15 Years
Report to:
Assistant Vice President
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Job Detail
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Job IdJD3324213
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationMaharashtra, India
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EducationNot mentioned
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ExperienceYear