Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. With headquarters in New Delhi, India, the company ranks amongst the top 5 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G,3G and 4G services, fixed line, high spee...
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JOB PURPOSE
Efficient Cash Flow Forecasting and Liquidity Management, Bank Accounts Administration of Bank. Ensuring Optimal performance of Collection/Payment Channels. Receivables Monitoring and Ensuring adequate Funding for Company’s Obligations as appropriate. Management of Trade transactions – LC’s/CCI’s/FX Dealings.
JOB RESPONSIBILITIES
Accurate Liquidity Report
- Ensure all Bank Account Statements are received/downloaded daily.
- Review of Bank Statements to verify balances and debits to payment/transfer instructions.
- Liaison with Banks on outstanding and unexplained debits
- Effective Decision on Funds Management to ensure efficient utilization of Funds.
Preparation of Periodic Cash Flow Forecast
- Maintain monthly cash flow forecast.
- Monitor spending against the planned daily forecast.
- Reporting and correcting variances between forecasts and actual.
- Prepare Ad-Hoc Cash Forecast as and when required to determine Funding Gap for Specific requirements.
Proper Accounting for all Transactions Relating to Funds Transfers on ERP
- Prepare schedule of Inter-Bank transfers for posting on ERP.
- Capture GL journals of other postings on ERP for posting by AP i.e. Deposits and Credit Interests.
- Reconciliation of interbank postings on ERP
- Ensure Closure of Month End with no outstanding Postings from Treasury
Accurate and Timely Submission of Daily, Monthly, Quarterly, and other periodic treasury related report
- Liaison with Relevant Units on the inputs for the preparation of the Daily Cash Report (DCR).
- Ensure accuracy and timely submissions of all Reports
- Liaison and resolution of Queries from Group Treasury on periodic reports
- Ensure that internal receivable targets are promptly shared and monitored.
Management of Trade related issues
- Ensure appropriate Banks are provided for LC and CCI establishments.
- Close all issues relating to LC establishments with Banks.
- Engage Banks to source for FX for foreign remittances.
- Ensure adequate liquidity in Banks for all FX related transactions.
- Ensure timely confirmation and settlement of FX trades.
Smooth Processing of Cash at Airtel Showrooms
- Ensure resolution of cash related issues between at the Showrooms.
- Ensure issues with POS terminals are resolved in the Showrooms.
- Proper management of mobile money mode of collection in all showrooms.
Submission of Flash and Forecast for Interest and Bank Charges
- Prepare and submit monthly forecast for interest and bank charges based on expected spend.
- Prepare and submit monthly forecast for loan and cash & cash equivalent balances.
Fund and facilities management
- Ensuring that facilities are available and in place.
- Review of facility agreements and offer letters
- Performing rates survey with banks for deposit placements
- Investing fund withing Airtel Africa Policy
Good relationship with Partner Banks
- Ensure a good relationship is maintained with all Partner Banks
SKILLS AND KNOWLEDGE
Educational Level:
Must have:
- A university degree i.e., B.Sc./HND in Social Sciences or any numerate discipline
- Professional qualification (ACIB, ACA, ACCA, CPA, CFA) is mandatory – completed or almost completed.
- Master’s degree and/ or MBA will be an added advantage.
Working Experience:
Must have:
- Minimum of 8yrs relevant work experience in a Multinational with 4yrs in Supervisory/Managerial Role
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