Job Information
ECMS - BASF Environmental Catalyst and Metal Solutions Division Treasury & CRM Specialist in Chengalpet Taluk, India
Treasury & CRM Specialist
Chengalpet Taluk, TN, IN, 603002
JOB DESCRIPTION / MAIN TASKS LIST
Job title
Job Grade
Direct
Subordinate Position(s)
Function/Division/Dept Code
Company/ Location
Treasury & CRM Specialist
4
No
CCE
BCIL / Chennai
Supervisor
Supervisor Title
Cost Center
Supervisor Depart Code
Supervisor Location
Shanmukha Venu Gopal Divi
Lead Treasury & Taxation
IN324000
CC-EF/F - Finance & Accounting
India
About the Business Unit
As the major catalysts supplier to the automotive industry, BASF will establish a separate mobile emissions catalyst, automotive catalysts recycling, and associated precious metal services entity. The new entity will be named BASF Automotive Catalysts and Recycling. The new standalone structure will operate globally and comprise of approximately 20 production sites and over 4,000 employees.
About the Role / Job Purpose
Responsible for decision making and execution of cash management and foreign currency hedging of companies assigned under the Regional Treasury platform
Preparation of monthly liquidity forecast reports of assigned companies
Ensure compliance with internal and external rules and regulations and corporate governance
Serve as expert for cash and foreign exchange management as well as money market and currency market development for assigned countries in Asia Pacific
Provides direction enabling the team members to perform at its best.
Engage with internal and external partners to focus innovations.
Take initiatives to streamline or re-engineer treasury processes towards digitalization and best practice standards
Represent as Regional Treasury in global and regional projects for cash and foreign currency management topics
Main Task
Responsible for decision making and execution of cash management and foreign currency hedging of assigned companies under the Treasury Services
Monitor cash management and foreign currency exposure of assigned companies on daily basis and make decisions on cash investment, loan draw-down/repayment and foreign currency hedging. Initiate deal entries in SAP and work closely with Back Office to ensure smooth execution, settlement and accounting entries
Keep up to date on banking products, money market, currency markets and trading systems for assigned countries. Contribute to improvement in cash and currency risk management strategies and IT infrastructure
Assess and select trading partners for competitive bidding
Optimize bank account structure in the assigned country and managing banking relations
Preparation of monthly liquidity forecast reports of assigned companies
Prepare 6-month rolling cash flow forecast on monthly basis for designated companies based on business trends and working capital KPIs
Improve continuously on forecast accuracy by knowledge sharing and contribution to global liquidity planning community
Ensure compliance with internal and external rules and regulations and corporate governance
Strictly follow Group guidelines, policies and procedures in conducting all Front Office operation
Ensure full compliance with external regulation for all cash management and foreign currency transactions
Support internal and external auditing of Front Office operation
Serve as expert for cash and foreign exchange management as well as money market and currency market development for assigned countries in Asia Pacific
Monitor macroeconomic development in assigned countries
Monitor money market and currency market development of assigned countries and contribute to cash management and hedging strategies development jointly with CFT.
Provide advisory services to team members as well as non-treasury colleagues
Take initiatives to streamline or re-engineer treasury processes towards digitalization and best practice standards
Review regularly AS-IS operational work flows and identify improvement areas
Maintain relationship with internal and external business partners, identify new opportunities in operational efficiency
Identify areas for digitalization to optimize/ improve data transparency and process efficiency
Represent as Regional Treasury in global and regional projects for cash and foreign currency management topics
Collaborate with global and regional relevant units (e.g. Treasury Middle Office, Back Office, Process Experts) in cash and foreign currency management projects
Provide cash and currency management expertise and support to other projects as required
CRM Related:
According to global and regional CRM guidelines, perform periodic credit risk analysis and monitor risk development and KPIs for India customers
Responsible for and ensure quality and timely completion of periodic CRM related reports in close collaboration with local Business Units, controllers, BSSCKL team
Proactive Order Management (market principle, excluding prepayment/tech),prompt review and actions according to guidelines
Support global and regional CRM projects by sharing country specific CRM knowledge.
Review current CRM processes and drive continuous process improvement to maximize efficiency and maintain proper risk control
Work very closely with Global/ Regional Credit Management colleagues for specific projects
Liaise with the Internal and External statutory auditors for the area of responsibilities.
Education:
Education: CA or MBA Finance with Commerce graduation
Working Experience: 5 -7 years’ experience in the area of credit risk management, cash management and foreign exchange trading and risk management preferably in automobile industry
Knowledge in SAP and advance computer skills in MS Office application
Desired:
Profound understanding and operation experience in finance and treasury such as cash forecasting, pooling, netting, bank deposits, loans, money market, foreign currency derivatives as well as local finance related regulatory framework and environment in major Asia countries
Ability in developing and analyzing cash flow statement and liquidity forecast plans
Proficient skills in Excel, Word, PowerPoint, SAP, 360T, Fireapps, Bloomberg and Power BI
High proficiency in English with strong communication and interpersonal skill
ECMS - BASF Environmental Catalyst and Metal Solutions Division
- ECMS - BASF Environmental Catalyst and Metal Solutions Division Jobs