Job
Description
Job Description - Treasury Manager About Shalimar Paints The history of Shalimar Paints is the history of the paint industry in India and South-East Asia. Shalimar Paint Color & Varnish Company was established in 1902 in Howrah, West Bengal by two Britishers - A N Turner and A N Wright. In the same year, the company set-up a large-scale manufacturing plant in Howrah, the first such plant in the entire South-East Asia.Rapidly expanding presence and reach, Shalimar soon became the countrys leading paint brand. Indias iconic structures like Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, Salt Lake Stadium, continue to use Shalimar Paints. With access to high-end technology in the industrial coatings segment, Shalimar Paints pioneered aviation coatings, marine paints and the painting of thermal power plants. Summary :- We are looking for a seasoned Treasury Manager with 812 years of experience in managing end-to-end treasury operations, including Letters of Credit (LC), statutory payments, trade payables, creditors payments, banking compliance, and bill discounting. The ideal candidate will have deep knowledge of treasury processes, strong analytical and financial acumen, and proven expertise in working with banks and financial institutions. This role is critical to ensuring efficient cash flow management, Working Capital Management, regulatory compliance, and the smooth execution of financial transactions in alignment with organizational goals. Responsibilities :- Manage daily cash flow and liquidity to ensure the company's obligations are met timely. Monitor and optimize fund utilization across banks and accounts. Ensure adequate working capital availability through bill discounting and short-term credit facilities. Oversee issuance, negotiation, amendment, and closure of Import and Export Letters of Credit. Coordinate with banks, suppliers, and internal teams to ensure timely processing and compliance of LC terms. Monitor LC exposure and manage associated documentation and risks. Ensure accurate and timely payment of statutory liabilities such as TDS, GST, PF, ESI, and others. Coordinate with internal auditors and finance team for statutory audit compliance.Maintain up-to-date knowledge of applicable regulatory and tax changes. Monitor trade payables and ensure timely and accurate processing of vendor payments. Establish effective vendor payment schedules and resolve payment discrepancies.Ensure proper reconciliation and accounting of creditors balances. Ensure all banking transactions comply with internal policies and external regulatory requirements (including FEMA, RBI, etc.). Maintain strong working relationships with banks and financial institutions. Manage KYC, bank mandates, limits, and other banking documentation. Negotiate and manage bill discounting limits and ensure timely submission of bills for discounting monitor interest rates, fees, and terms of discounting facilities. Work closely with sales and finance teams to forecast and manage working capital needs. Strong knowledge of Treasury functions, LCs, and Trade Finance instruments. Excellent understanding of banking practices, statutory compliance, and financial controls. Hands-on experience in ERP systems (SAP, Oracle, etc.). Proficient in MS Excel, banking portals, and financial reporting tools. Strong analytical, negotiation, and communication skills.
