Liquidity Manager, Forex and Treasury
TerraPay
Total des années d'expérience :15 years, 10 Mois
Heading the Treasury team of 14 people based in India. Build a highly motivated, energetic, and self-governing team. Collaborate with
all other teams. Identify training needs relating to treasury and continue to enhance treasury skills in line with market practices.
Responsible for managing the treasury operations team handling liquidity management for the organization which includes funds
transfer initiation/approvals in over 20 banks globally and tracking, ledger updates for send and receive partners, ledger updates for
credit approvals and bank reconciliation.
Responsible for managing Cash forecasting of funding requirements at various destinations based on throughput, transit time,
balances etc and ensuring the funds are sent in time, tracked, and confirmed.
Develop and implement strategies to optimize cash positions, reduce financial risks and maximize cash efficiency.
Investment of surplus funds and its accounting/reconciliation.
Oversee and ensure the bank reconciliations are carried out and journal entries are posted to the ledgers accurately.
Variance analysis of actual Cash flow vis a vis planned Cash flow.
Review and analyze daily cash positions to determine fund movements.
Responsible for coordination with the FX traders within the team for timely conversion into local currency. Ensure optimum local
currency available at all times.
Handle Swift message types like MT101, MT103, MT900, MT940, MT942 and MT202.
Lead the Treasury meetings with new partners; negotiation of funding structures and FX models; and setting up General Ledgers
accordingly.
Negotiate banking agreements, including credit facilities and bank fees.
Lead and manage Treasury related projects, such as implementing new systems and processes which includes incoming and outgoing
wire transfers via Swift network. Internal TMS platform used is TOPS.
Ensuring adequate controls are maintained to avoid loss to the organization.
Apart from the above, there are other requirements which involves data analysis, various report generations, process setting, General
Ledger creations, bank transfers and approvals for transfers.
Manage a team of 12 Analysts and Senior Analysts.
Review policies, systems, and processes with an objective of providing direction to the team and for day-to-day activities within the
framework of applicable regulatory compliances. Leading in training and coaching for new joiners.
Perform day-to-day operations as advised by Treasury front office in the areas of fund transfers, foreign currency, and Banking
transactions processed on-time and within cut-offs.
Perform Signatories and Internet Banking User Audits and manage the Global Signatory and Internet Banking User Database. Real time
tracking of approvals and changes to mandated bank signers and Internet banking users.
Bank Account Administration: KYC, account opening, closing accounts, signatory updates, mandates, and account onboarding.
Maintaining Bank relationship & liaising with them.
Issuance of Bank Guarantees based on requests received.
Setup reporting of daily/monthly bank statements through MT940 reporting.
Act as Treasury subject matter expert for corporate initiatives such as Mergers and Acquisitions projects
Perform cash forecasts, reconciliation, cash positions, surplus balance transfer.
Provide cash visibility of Global bank accounts to leadership with detailed analysis.
Execute local payments per framework for all countries.
End to End Support of Bank Account Management and Payments.
Provide data gathering/analysis on monthly bank fee charges and report to Treasury Leadership with recommendations for
improvements.
Single handedly implemented TIS Treasury Platform successfully for Bank Account Management (BAM) Module, Bank Transaction
Management (BTM) and Bank Dashboard Management (BDM) Module.
Provide detailed cash flow reporting to Management, Cash Forecasting, Investor Reporting, Accounts Payable, Tax, Legal, Human
Resources, Cashiering and Audit.
Preparing Liquidity and Cash Dashboard and distributing to the CEO and Leadership Team for Corporate Cash accounts.
Monitor Cash reconciliations, Investor Reporting Sweep activity, Journal Entry review and clearing outages/suspense items, Bank
statement activities, controlled disbursement funding and cross training.
Evaluate and investigate company cash use and business operational drivers.
Prepare, update, and maintain monthly business and management reports including variance reporting and dashboards for proactive
monitoring of cash usage.
Maintaining Bank relationship & liaising with them, Act as bank admin for the company.
Process checks and wire payments in various banking portals.
Account Funding recommendations: Review, analyze and provide support to forecast the organization’s financial status; support
management with financing recommendations.
Month end Cash Centralization into corporate cash account(s) and recommend internal fund movements.
Monitor Bank Fees, OFAC, NACHA and Cash Ordering Policy Violations: Identifying ways of improving service and adding value by
reducing costs in line with the business goals
Audit: Preparing and reviewing the audit files for Sox audit. Coordinating for statutory and internal audit.
Updated Treasury Procedures for account reconciliations and cash movement
New hire/ Training/ Performance review: Responsible for hiring the required staff to the team, monitor training and for the annual
performance review.
Over 2 months of travel to United States for training of Deployment of cash between bank accounts, Cash Reporting and Daily
Forecasting.
Processing wire transfers requested by different business units of bank accounts held with banks - JP Morgan Chase, Wells Fargo, Citi Bank, Bank of America, Harris Bank, First Bank, Deutsche bank, Merchants bank and others (Barclays, BNY Mellon, HSBC, TCB etc.)
•Analyzing and finding the loan numbers for the incoming wires from borrowers
•Funding for various other accounts based on the account’s needs by analyzing what’s the purpose of funding a particular account.
•Placing STOP on the cheques when there are issues with any cheques.
•Entering transaction data in Wallstreet systems retrieved from the banks and that data is used by the team for their day to day activities (like posting in GL and reconciliations)
Treasury Accounting (General Ledger)