Job Summary

We are looking for an experienced Manager – Treasury & Banking to manage and coordinate the company’s treasury, forex, banking, and funding activities.

The role will be responsible for:

- Managing the company’s foreign exchange exposure.
- Managing USD inward remittances and forex-related transactions.
- Handling USD/INR forward hedging activities.
- Coordinating with banks and financial institutions.
- Managing working capital, term loans, and trade finance requirements.
- Coordinating bank funding proposals and credit facilities.
- Managing banking documentation and compliance requirements.
- Preparing Treasury & Banking MIS and management reports.
- Monitoring banking costs, facility utilization, repayment schedules, and covenants.
- Ensuring compliance with applicable FEMA/RBI requirements, bank requirements, and internal approval processes.

Key Responsibilities1. Forex Exposure & Hedging Management
- Maintain an updated record of all foreign currency receivables.
- Track expected USD inward remittances and realization dates.
- Monitor outstanding foreign currency receivables.
- Monitor the company’s overall foreign currency exposure.
- Identify exposures that require hedging as per the company’s forex policy.
- Obtain USD/INR spot and forward quotations from authorized dealer banks.
- Compare quotations received from different banks.
- Analyze appropriate hedge timing and tenure.
- Recommend hedge coverage to the CFO / Finance Head.
- Execute approved forex forward contracts.
- Maintain records of:
- Booked contracts
- Utilized contracts
- Outstanding contracts
- Matured contracts
- Rolled-over contracts
- Cancelled contracts
- Ensure forex transactions are backed by eligible underlying exposures.
- Ensure that no unauthorized or speculative forex positions are undertaken.
- Monitor forward contract maturity dates.
- Take timely action for utilization, rollover, or other required transactions.

1. Inward Remittance Management

- Monitor expected USD inward remittances.
- Coordinate with Accounts and relevant departments for timely realization.
- Coordinate with banks for:
- Receipt of foreign currency
- Currency conversion
- Settlement
- Required documentation
- Monitor foreign currency conversion rates.
- Review bank spreads and charges.
- Track actual INR realization.
- Maintain records of:
- Foreign currency received
- Exchange rates
- INR realization
- Bank charges
- Related transactions
- Coordinate with Accounts for reconciliation.
- Ensure accurate accounting of foreign currency receipts.

1. Forex Market Monitoring & Treasury Advisory

- Monitor daily USD/INR movements.
- Track forward premiums.
- Monitor relevant interest-rate developments.
- Track important forex market trends.
- Maintain regular communication with bank treasury desks.
- Obtain market updates and forex quotations from banks.
- Provide management with updates regarding significant currency movements.
- Highlight upcoming foreign currency exposures.
- Evaluate the financial impact of:
- Hedged exposures
- Unhedged exposures
- Support management in treasury-related decision-making.
- Track realized and unrealized forex gains/losses.
- Prepare periodic forex analysis for Management.

1. Banking & Funding Management

- Coordinate with banks and financial institutions for:
- Working capital facilities
- Term loans
- Trade finance
- Bank guarantees
- Letters of credit
- Other approved funding requirements
- Support management in obtaining new banking facilities.
- Coordinate facility:
- Renewals
- Enhancements
- Restructuring
- Amendments
- Coordinate with multiple banks for facility proposals.
- Obtain information regarding:
- Interest rates
- Fees
- Security requirements
- Commercial terms
- Facility limits
- Maintain an updated overview of all banking arrangements.
- Track:
- Sanctioned limits
- Facility utilization
- Available limits
- Repayment obligations
- Funding requirements
- Follow up with banks for timely:
- Processing
- Sanctions
- Documentation




- Disbursements.

1. Bank Documentation & Credit Facility Coordination

- Prepare, compile, review, and submit documentation required by banks.
- Coordinate documentation for:
- New facilities
- Facility renewals
- Facility enhancements
- Drawdowns
- Coordinate preparation of:
- Financial statements
- Financial projections
- CMA data
- Cash-flow statements
- Debt schedules
- Company information
- Operational information
- KYC documents
- Other lender requirements
- Review bank sanction letters.
- Prepare summaries of:
- Commercial terms
- Security requirements
- Covenants
- Conditions precedent
- Documentation requirements
- Coordinate execution of:
- Facility agreements
- Loan documents
- Security documents
- Guarantees
- Declarations
- Undertakings
- Other banking documents
- Coordinate with:
- Accounts
- Legal
- Company Secretarial
- Operations
- Management
- Maintain a tracker for pending bank documents.
- Follow up to ensure timely closure of documentation.

1. Banking Facilities & Covenant Monitoring

- Maintain a comprehensive Banking Facility Register.
- Record and monitor:
- Sanctioned limits
- Outstanding amounts
- Facility utilization
- Interest rates
- Security
- Repayment schedules
- Expiry dates
- Renewal dates
- Key facility terms
- Monitor working capital utilization against sanctioned limits.
- Track loan repayment dates.
- Monitor interest servicing requirements.
- Track facility renewal deadlines.
- Monitor financial commitments.
- Monitor compliance with:
- Financial covenants
- Non-financial covenants
- Sanction letter conditions
- Facility agreement requirements
- Ensure timely submission of:
- Periodic statements
- Stock statements
- Financial information
- Insurance documents
- Valuations
- Other lender requirements
- Escalate potential covenant breaches.
- Escalate documentation delays and potential funding constraints to the CFO / Finance Head.

1. Banking Cost & Commercial Review

- Review banking-related costs, including:
- Interest rates
- Processing fees
- Forex spreads
- Bank charges
- Commitment charges
- Other banking costs
- Compare commercial terms offered by different banks.
- Prepare comparative analysis for Management.
- Coordinate with banks regarding:
- Pricing
- Forex spreads
- Charges
- Service terms
- Identify opportunities to reduce unnecessary finance costs.
- Identify opportunities for better utilization of banking limits.
- Verify that:
- Banking charges
- Interest debits
- Other costs
- are in accordance with sanctioned or negotiated terms.

1. Treasury MIS & Management Reporting

Prepare and maintain periodic Treasury & Banking MIS covering:

- USD receivables.
- Expected realization dates.
- Hedged forex exposure.
- Unhedged forex exposure.
- Outstanding forward contracts.
- Forward contract maturity dates.
- Average hedge rates.
- Actual realization rates.
- Forex gains and losses.
- Banking facilities.
- Sanctioned limits.
- Facility utilization.
- Available limits.
- Interest rates.
- Banking costs.
- Loan repayment schedules.
- Upcoming facility renewals.
- Covenant compliance.
- Pending bank documentation.
- Current funding requirements.
- Upcoming funding requirements.

Also:
- Provide timely exception reports.
- Highlight exposures requiring management action.
- Highlight upcoming financial obligations and deadlines.

1. Compliance, Controls & Audit

- Ensure treasury and banking transactions follow the company’s:
- Delegation of Authority (DOA)
- Approval Matrix
- Internal policies
- Ensure compliance with applicable:
- FEMA requirements
- RBI requirements
- Authorized Dealer bank requirements




- Sanction conditions
- Accounting requirements
- Maintain complete supporting documentation.
- Maintain proper audit trails for:
- Treasury transactions
- Forex transactions
- Funding transactions
- Banking activities
- Support:
- Statutory auditors
- Internal auditors
- Banks
- Other authorized parties
- Maintain confidentiality of:
- Sanction letters
- Facility agreements
- Security documents
- Bank correspondence
- Treasury information
- Immediately escalate material:
- Financial risks
- Forex risks
- Funding risks
- Covenant risks
- Compliance risks.

Professional Expectations The candidate should demonstrate:
- High level of financial discipline.
- Strong attention to detail.
- Accuracy in treasury and banking transactions.
- Confidentiality in handling financial information.
- Commercial awareness.
- Accountability for assigned responsibilities.
- Proactive monitoring of:
- Forex exposures
- Forward contract maturities
- Banking facilities
- Repayment obligations
- Covenant requirements
- Documentation deadlines
- Ability to provide analysis and recommendations to Management.
- Ability to coordinate with multiple internal and external stakeholders.
- Strong follow-up and deadline management.
- Ability to escalate financial or compliance risks in advance.

Final decisions relating to hedging strategy, borrowing, lender selection, security creation, and commercial terms remain with the CFO / authorized Management. Qualification & ExperienceEducational Qualification

- Bachelor’s degree in:
- Finance
- Commerce
- Accounting
- Economics
- Related discipline
- Master’s degree in a relevant discipline is also applicable.
- MBA – Finance, CA Inter, CFA, Treasury/Forex certification, or similar professional qualification will be an advantage.

Experience Required
- 5–8 years of relevant experience.
- Experience in one or more of the following:
- Corporate Treasury
- Banking
- Forex Management
- Corporate Finance
- Similar treasury/finance roles
- Practical experience in USD/INR forward hedging is essential.
- Practical experience in foreign currency inward remittances is essential.
- Experience in bank funding proposals.
- Experience with credit facility documentation.
- Experience with facility renewals.
- Experience coordinating with lenders.
- Experience dealing with:
- Bank Relationship Managers
- Credit Teams
- Treasury Desks
- Forex Desks.

Key Skills RequiredTreasury & Forex
- USD/INR Forex Market Knowledge
- Forex Forward Contracts
- Forex Exposure Management
- Forward Premium Analysis
- Hedge Rate Analysis
- Inward Remittance Management
- FEMA/RBI Understanding
- Forex Gain/Loss Analysis

Banking & Corporate Finance
- Working Capital Facilities
- Term Loans
- Trade Finance
- Bank Funding Documentation
- Credit Proposals
- Facility Renewals
- Sanction Letter Review
- Covenant Monitoring
- Repayment Monitoring
- Banking Cost Analysis

Analytical & Systems
- Advanced Microsoft Excel
- Financial Analysis
- Treasury MIS
- Cash-flow Analysis
- Debt Schedule Analysis
- Strong Numerical Ability
- Strong Analytical Skills
- ERP/Tally exposure preferred

Skilled Skills
- Banking Negotiation
- Strong Communication
- Stakeholder Coordination
- Attention to Detail
- Effective Follow-up
- Deadline Management
- Integrity
- Confidentiality
- Ability to coordinate with Finance, Accounts, Legal, Secretarial, Operations, and Management.

Application Question(s):
- Do you have 5–8 years of relevant experience in Treasury, Banking, Forex Management, or Corporate Finance?
- Do you have hands-on experience in USD/INR forex forward hedging?
- Do you have experience managing USD/foreign currency inward remittances?
- Do you have experience dealing directly with Bank Relationship Managers, Credit Teams, or Treasury/Forex Desks?
- Do you have practical knowledge of FEMA/RBI requirements related to forex and banking transactions?
- Do you have advanced Microsoft Excel and financial MIS/reporting skills?

Work Location: In person

📌 Manager – Treasury & Banking (Mumbai)
🏢 Shiny Shipping and Logistics Private
📍 Mumbai