Spandana Sphoorty Financial Limited
5 – 10 yrs Hyderabad / Secunderabad
Job Description:
– CA / ICW / MBA
– Time Management, Ability to Handle Pressure, Attention to Detail, Business Understanding, Team Management
– 6-8 years post qualification, Cash Management / Financial Planning and Analysis experience preferably in retail banks / NBFCs
– Ensures adherence to department budget so as to avoid over spill of budgeted costs
– Provides inputs to CFO for preparation of the annual Treasury budget
– Tracks expenses versus budgets and highlights variances (if any)
– Develops effective plans for fund and cash flows so as to minimize cost of funds for the organization
– Projects future cash and fund flows based on historical inflow/outflow data, inputs from ZMs on branch expansion, disbursement plans and repayment schedules for banks; Consults with CFO on the same
– Sends this requirement to VP-Finance to help plan for the funds
– Ensures funds are in place for day to day operations and repayments
– Ensures timely investment of funds in appropriate areas so as to minimize excess / idle funds at all levels of the organization
– Decides on usage of current cash credits in anticipation of significant cash inflows
– Makes pre-payments to the banks after getting approvals from the bank
– Decides which fixed deposit, mutual fund / category of mutual fund to invest the excess cash in done on a day to day basis
– Responsible for timely and accurate repayment to all banks so as to fulfill our debt servicing obligations
– Collects and Collates repayment schedules from banks when a loan is taken and adds it to the database
– Prepares a day-wise demand sheet and gives it to Manager Payments
– Authorizes payment which is initiated by the Manager
– Ensures timely and accurate deployment and recovery of funds from branches so as to minimize the presence of idle funds at all levels
– Ensures collection and collation of branch requirements data from branches
– Ensures inputting of the disbursal transaction into E-Net
– Authorizes the transaction after conducting an accuracy check
– Ensures that ranches are intimated about the transfer
– Ensures collection of branch level daily cash and bank balances along with the details of next 2 days disbursement and recoveries which is used to arrive at the excess cash and bank balance at the branch level (Done by treasury Analyst)
– Ensures the excess fund will be deposited in the excess account – checked at an overall level through HO internet banking facility
– Facilitates accurate payment of statutory dues, vendor dues and salaries
– Receives information regarding salaries and statutory dues from concerned departments duly approved by HOD along with the supporting s; (For vendor payments ensures receipt of this information)
– Ensures relevant payments are forwarded to Accounts for tax clearance or TDS deductions
– Authorizes the payments
– Facilitates provision of relevant vouchers, reports and supporting documents to Accounts for all transactions so as to facilitate the accounting and audit requirements
– Ensures creation of vouchers for all payments and receipts along with a day wise summary report
– Ensures it is sent to the Accounts department along with the supporting’s
– Assists auditors regarding relevant areas
– Responsible for recruitment, retention, skill development, growth and satisfaction of team
– Creates a recruitment plan for the department, and ensures recruitment happens as per plan
– Ensures appropriate training and development interventions
– Conducts timely and transparent appraisals
– Conducts monthly 1:1s with direct reports
– Actively manages vertical and horizontal career development of team
– Conducts semi-annual skip level 1:1s with all indirect reports
Meetings :
– Weekly Update meeting with CFO
– Monthly review meeting with direct reports
– Quarterly review meeting for all HODs / ZMs
Salary: Not Disclosed by Recruiter
Industry:Accounting / Finance
Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
Role Category:Senior Management
Role:Head/VP/GM-Finance/Audit
Keyskills:
Accounting Finance Internet Banking Analysis Budgeting Vendor Payments Auditing TDS Mutual Funds Cash Management Financial Planning Treasury
Desired Candidate Profile:
Education-
UG: Any Graduate – Any Specialization
PG:CA, ICWA(CMA), MBA/PGDM – Any Specialization
Doctorate:Doctorate Not Required
Company Profile:
Spandana Sphoorty Financial Limited
Leading Client of Spandana Sphoorty Financial Limited
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