About Flipkart
Flipkart is India’s largest e-commerce marketplace with a registered customer base of over 150 million. In the 10 years since we started, Flipkart has come to offer over 100 million products across 120+ categories including Smartphones, Books, Media, Consumer Electronics, Furniture, Fashion and Lifestyle.
Launched in October 2007, Flipkart is known for its path-breaking services like Cash-onDelivery, No-Cost-EMI and 10-day replacement policy. Flipkart was the pioneer in offering services like In-a-Day Guarantee (65 cities) and Same-Day-Guarantee (13 cities) at scale. With over 1,20,000 registered sellers, Flipkart has redefined the way brands and MSME’s do business online.
Job Description:
Senior Manager
Senior Manager Treasury will be responsible for managing the overall Treasury portfolio including operations and strategizing. The person must be a domain expert with strong control over key concepts of Treasury & Accounting. Role needs a highly energetic, truly committed and established track record professional, preferably a Chartered Accountant.
You are responsible for:
Borrowing/Investment /Forex
Managing debt servicing and operations of companys borrowing portfolio, foreign exchange, derivative transactions
Managing relationships with banks, lenders and other key players of money/ forex /debt markets
Sourcing & negotiation of terms for banking lines
Managing treasury investment portfolio with Banks/MFs/other money market instruments
Handling FX exposure and ensure adequate hedging and successfully negotiated ISDA
Ensure 100% compliance with bank covenants and complete RBI/Banking regulatory compliance
Process/Policy/Compliance
Study and monitoring of market related variables and analyzing their financial impact on the treasury risk profile
Formulation of Treasury policy and risk management strategies for various group entities
Review and management of LC, BG and other non fund documentation with due compliance of UCP 600
Track & drive compliances related to ICOFR/Sox checklist/Internal audit improvement recommendations
Control over accounting process/systems & bank access rights
Drive issuance of white paper for treasury complex transaction/ accounting for the same
Cross Functional
Support FP&A & Accounting team for AOP, variance analysis, & preparation of board management notes & presentations
Scale up of Supply chain financing program across category and non category vendor base
Support business finance and procurement teams on sourcing options & forex
Closely work with Strategy/ Marketing alliance/M&A team for solutions w.r.t wiring/cross subsidizing/escrow etc.
Cash-flow/Operations
Automating Treasury operations & SOP formulation
Cash-flow forecasting process maintenance & betterment- Banking integration - support for implementing banking solution for virtual accounts, e-bank reconciliation, masked salary payments, MT940 dashboard, minimizing float etc.
Issuance of LC, BG, availing of Buyers Credit (material/Capex), compliance reporting (BEF, FIRC, forex lines, FACTA, W8-BEN, FEMA, exposure declaration), monitoring forward cover rates, auditing support, charge creation (if any)
Month end closure/MIS/BRS/Bank charges tracking, TDS recon
Issuance of material for Treasury Deck every month
Complete solutioning for cash collection (CMS) & allied needs
Co-ordination with all group companies for accounting, bank transactions, etc.
Manage credit card issuances, access, commission receipt etc.
Open Positions:
1
Skills Required:
Problem solving skills, Strong organizational, communication, and story-boarding skills
Location:
Bangalore,Karnataka
Education/Qualification:
Chartered Accountant
Desirable Skills:
Problem solving skills, Strong organizational, communication, and story-boarding skills
Years Of Exp:
7 to 10 Years