Sr. Manager - Treasury & Forex with a Pharmaceutical Company, Gurgaon
Experience: 7 - 10 Years
Compensation: 15L - 18L
Industry Type: Pharmaceutical Company
Posted Date: 24-Mar-17
Job Description & Candidate Profile
To be responsible for monitoring critical foreign currency movements to minimize foreign currency losses. To hedge Rouble (and other income currencies) to mitigate risk of currency volatility. To monitor cash flow to ensure sufficient fund is available for operations and invest surplus fund in consultation with CFO and President.
KEY RESULT AREAS:
On time investment of surplus funds in high yielding securities
On top of FOREX market volatility especially for critical currencies
Prepare risk mitigation plan and evaluate and prepare strategies to cover currency risk
Optimize Cost of Hedging
On time and accurate MIS to President & CFO
Monitor cash flow to ensure enough fund is available to meet operational requirements
Build relationship with Banks and FOREX consultant.
Updated FOREX Policy
KEY FUNCTIONS / RESPONSIBILITIES:
To track the exchange rate volatility of currencies, identify risks of financial health of the organization, prepare short term and long term strategies for Forex exposure and take appropriate hedging.
To build strong relationship with banks and FOREX Consultant to get inputs from them on likely movements in the exchange rate.
To adhere to the Forex policy.
To finalize annual benchmark rates for conversion for the budgeting process with the help of President Forex Consultants and CFO.
To review cash flow for rolling three months to ensure surplus cash is invested.
To manage relationships with multiple banks to explore right investment opportunities and reduce risk of liquidity of funds.
To manage the investment portfolio to deliver yields as per the guidelines/benchmark.
FOREX POLICY & MIS
To prepare an outlook and set benchmark rates for the currencies that company is exposed based on the economic situation of the country.
To prepare the FOREX policy with help of Forex consultants and get approved from President and CFO.
To prepare MIS as per FOREX policy and circulate
Desired Candidate Profile:
MBA from a premier institute
7 + years of experience with some exposure in managing FOREX