Overview
Assistant Manager – Treasury Jobs in Mumbai Metropolitan Region at Aditya Birla Fashion and Retail Ltd.
Title: Assistant Manager – Treasury
Company: Aditya Birla Fashion and Retail Ltd.
Location: Mumbai Metropolitan Region
Job Purpose: Preparation of Daily Borrowing Position of ABFRL, Daily & Monthly Treasury Cash Flow and monitoring & Execution of day to day treasury banking operations, controlling cash flows, collections, payments, funding needs etc
Job ContextAditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL’S Madura Fashion division and ABNL’s subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd
“This consolidation will create India’s largest pure play Fashion and Lifestyle Company with a strong bouquet of leading fashion brands and retail formats. This move brings India’s #1 branded menswear and womenswear players together.” – Kumar Mangalam Birla, Chairman, Aditya Birla Group.
ABFRL has been founded in the belief that the first sign of success of a modern nation lies in the ability of its citizens to celebrate. India’s young working population and robust economic performance has led to rising incomes which, combined with increasing global exposure, are empowering many latent wants to morph into demands. With retail expanding independently through brick and mortar as well as e-commerce, the Indian fashion consumer now deserves futuristic and comprehensive omni-channel options. The time for ABFRL to arrive was ripe. ABFRL aims to catalyse the business of fashion through superior infrastructure and experiences, towards a new future.
Major Challenges Include
Cash flow planning and forecasting is very critical to ensure the business is optimally funded.
Biggest challenge was to hold funds during the month of September 2019 because of the cash crunch faced, due to which the working capital cycle was affected.
Documents procedures & Several Follow-ups with Bankers for Bank Account Opening & Opening of Mutual Fund Investment Folio for Functional Business Departments.
Key Result Areas
Supporting Actions
Treasury and Banking Management
Maintaining Funding Position for Division of ABFRL on regular basis.
Preparation of Daily Cash Flow to monitor the Daily collections & payments with different units treasury in ABFRL.
Monitoring of bank account balances to ensure no idle bank balances of ABFRL.
Preparation of Daily Borrowing Position of ABFRL
Execution of Daily Online transfer/Fund Transfer with banks.
Handled Banking Operations regarding account opening and all the queries of banks regarding documentations
Handled Online authorisation rights for banking operations and Net Banking Access related issues.
Preparation of Treasury Monthly Cash Flow
Handling Invoice Payment Processing activity of Treasury.
Handling DMS Related Queries.
