JSW JFE Electrical Steel Private Limited

- Position Details ParticularsDetails

Position Name Manager –

- Treasury &
- Banking

Current Position Holder New

Division JSW JFE Electrical Steel Private Limited (JV between JSW Steel &

- JFE)

Location Vijayanagar

Reporting To Head –

- Treasury / CFO

Recruitment Priority Urgent / Immediate

Number 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 Chart
- Position Reports To: CFO / Head –
- Treasury
- Peer Positions: Manager –
- F&A;, Manager –
- FP&A; Controlling, Manager –
- Tax
- Positions Reporting To This Role: Executive / Deputy Manager –
- Treasury

Organization 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 Management

Objective: 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 Compliance Objective: 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 Management Objective: 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 Authority Decision-making authority shall be exercised in accordance with the company's approved delegation of authority, treasury policy, and applicable internal control procedures.8. Competencies Required

9.

Working

Relationships –

- Stakeholders

- Educational Qualifications and Work Experience
- Qualification: 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 Stakeholders

- Corporate Finance &
- Accounts (F&A;) Team
- Projects Team
- Information Technology (IT) Team
- Joint Venture (JV) Partner

External Stakeholders

- Banks and Financial Institutions
- Statutory Auditors
- Rating Agencies
- Other Financial and Regulatory Stakeholders, as applicable

10.

Key Success

Factors and Challenges

- Cash 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 robust 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 Information

This 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.

📌 Finance & Accounts - Area Incharge (Treasury ) (Ballari)
🏢 JSW Steel
📍 Ballari