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Bajaj FinservEmployer profile

Unit Manager - Treasury/Senior Unit Manager - Treasury

Location not specified · 2–4 yrs

Experience
2–4 yrs
Salary
Not disclosed
Location
Location not specified
Work mode
Not specified
Job type
Full-time
Apply by
Closing date not listed
Posted
12 Jan 22

About this role

Job Purpose

“This position is open with Bajaj Finance ltd.”

Job takes end to end ownership of Assignment and Support for Borrowing related activities from mid office perspective like ensuring Assignment deal closure, Facilitating Banks for all Assign Out transactions, Checking Payout report & Opex fees charged to banks & handling Audit, RBI compliance for Borrowings, Checking SAP Entries on daily Bais & System Closure.

Duties And Responsibilities

Assignment-

  •  Managing overall Assignment Out Portfolio like Facilitating with Banks for Closure of Assignment deal.
  •  Facilitate assignment transactions for New Assignment, Checking of Schedules & Documentations
  •  Create system masters i.e deal master, assignment partner master in the Pennant system and ensure correctness in capturing the data in the system as per sanction.
  •  Calculate monthly collection done in assigned loans and ensure timely payment to partner banks.
  •  Monitor any settlement done on cases assigned and ensure correct accounting by finance team.
  •  Send opex invoices to partner banks and follow up with banks for timely payment of fee.
  •  Standardize processes and prepare SOPs for assignment related activities.
  •  Prepare consolidated payout reports for each partner to have start to end loan level payment details.
  •  Facilitate & resolve queries for Banks with Finance team. Prepare Board related data related to assignment.


Borrowings-

  •  Approving daily deals in SAP TRM and ensure correct closing of system on timely basis.
  •  Preparing outstanding file & Daily Avg Borrowings on daily basis & preparing Benpos file for reporting purpose.
  •  Calculation of monthly payout for Term Loan & reconcile the payments/Cash flows with system.
  •  Calculation of estimated & Actuals Monthly cost with variance analysis.
  •  Manage ECB related Payouts, Interest calculations & its reporting on monthly basis.
  •  Preparing data for Information Memorandum for NCD & CP issuance required by Secretarial team as and when required.
  •  Ensure all regulatory requirements are closed on timely basis.


Key Decisions / Dimensions

  •  Directly Facilitating Banks for assignment related queries.
  •  Issues related Sap activities and reconciliation of term loan interest.
  •  Any issues or decision to be taken while calculation of assignment payout and Opex working.
  •  Stock statement and borrowing related activities.


Major Challenges

  •  Assignment work is very operational and has large activities
  •  System related issues during month end.
  •  Reconciliation of Term loan interest with Banks
  •  Adhoc requirement of internal teams with limited time space


Required Qualifications And Experience

  •  Qualifications


CA/MBA/CA Inter/NSE Certifications

  •  Work Experience


2-4 Years experience in Accounting /SAP module.

  •  Skills Keywords


Good Understanding of accounting.

Must have Excel & Power point skills

Work well under pressure.

Excellent written and verbal communication skills (Public speaking a plus)

Skills

Finance and Sales
Unit Manager - Treasury/Senior Unit Manager - TreasuryNot disclosed