BHUSHAN SUBHASH TAWATE
Corporate Treasury Professional
Shantai Classic, Flat No 306, Ravet Pune
Summary
A result-oriented professional targeting senior level assignments in Finance (Treasury) with an organization of repute. MBA (Finance) with 13 years of experience including over 11.5 years of experience in Global Treasury Management, Corporate Finance, Working Capital Management, Cash Flow Management, invoice factoring facility set up. Proficient in short-term financing from Indian / Foreign Banks, Foreign Exchange Management, Trade Finance Operations, and Transaction Banking Operations .Optimal deployment of surplus cash in various investment option – Mutual Fund, FD, Corporate FD.
Overview
14
14
years of professional experience
5
5
years of post-secondary education
3
3
Languages
Work History
Manager
KPIT Technologies Limited
Pune
06.2017 - Current
- Global Cash Management- Preparing daily/monthly/quarterly global cash Flow summary, seamless flow of collection and payments daily preparation/review and reporting of Treasury Dashboard, to top management and shareholders
- Global and Indian Investment Management- Optimal deployment of surplus fund in accordance with company Treasury policy with balance between risk and return on investments made and minimisation of daily float in banking system
- Recommend and discuss new investment avenues like Mutual fund, corporate deposit, fixed deposit etc to top management and make investment accordingly
- Long Term/Working capital Management - Repayment of Term Loan-ECB Loan, Setting up new working capital facility, and periodically renewal of working capital facility, evaluate and recommend best and most economical modes of working capital financing- PCFC, WCDL, Commercial paper etc
- Review of finance cost and bank charges all loan facility, addressing issues to bankers on timely basis and resolving it
- Factoring Facility- Setting up new invoice factoring facility across the global Subsidiaries of the company for improvement in DSO, and collection from customer
- Bank Relationship / Multiple Banking Arrangements- Maintain good relationship with all bankers on going basis for smooth operation of the company, setting up periodical meeting to bankers and understand new product offering which suites the company requirement
- Statuary Audit and Internal audit Management- End to end audit of treasury function i.e
- IFC audit, internal audit, PBC Audit and Statutory audit and compliance as per company policy
- Treasury Compliance- Submitting required data to AD bankers on timely basis i.e
- APR, ECB return, stock audit FFR-I & II etc
- MIS Management: Preparing monthly and quarterly MIS and reports for management review
- Credit Rating – Liaising with credit rating agency and providing required data on timely basis
- Finance Cost Management - Review of finance cost and bank, charges all loan facility, addressing issues to bankers on timely basis and resolving it.
Assistant Manager
Quick Heal Technologies
Pune
08.2016 - 05.2017
- Preparing daily cash Flow summary and execute daily financing decisions
- Monitoring & processing all import remittances in line with the FEMA guidelines for foreign remittance
- Managing the issuance of performance as well as advance bank guarantees to the customers
- Investing Surplus Fund in Mutual Fund or FD’s
- Overseas Direct Investment in Subsidiaries.
Assistant Manager
Fiat India Automobiles Private Ltd
Pune
01.2012 - 06.2016
- Preparing daily cash Flow summary and execute daily financing decisions
- Arranging working capital finance to support the rigorous fund requirement of the company
- Administering day-to-day, weekly and monthly Financial Planning for payments and other financial liabilities
- Ensuring compliance with statutory guidelines for stock statements, ECB Returns, FFRs and stock audit
- Liaising with credit rating agencies for managing the external credit rating of the company
- Cash flow management, forecasting monthly / quarterly cash flow, and investing surplus funds in suitable portfolios to yield maximum benefits
- Managing the issuance of performance as well as advance bank guarantees to the customers
- Coordinating with the banks to resolve all the credit & operations related issues; developing relationships with new banks for the working capital and Term Loan requirements and negotiating favourable interest rates & conditions
- Preparing the daily / weekly / monthly MIS as well as other reports; submitting the same to the management
- Monitoring & processing all import remittances in line with the FEMA guidelines for foreign remittance
- Processing all vendor payments & liaising with the vendors to resolve any issues / queries
- Directing the processing of External Commercial Borrowings (ECB) as per the defined RBI guidelines and submitting the ECB-2 returns within the defined timelines
- Drafting monthly stock statements and other reports to be submitted to the banks for drawing power purposes
- Performing end to end Stock Audit as required by Consortium Bankers
- Preparing End use certificate for borrowed funds to be submitted to Term Loan & ECB Lenders.
Executive
SUZLON ENERGY LIMITED
Pune
05.2010 - 12.2011
- Consolidating Global cash flow forecast of overseas entities along with Actual Cash Flow report on weekly basis to be sent to CFO
- Prepare Quarterly Cash Budget for Global marketing Subsidiary covered under TRA for Banks
- Conducting weekly conference cash call with all overseas subsidiary controllers to have a better picture of Cash
- Inward Remittances Management- prioritizing between PSFC/PCFC & Receivables
- Preparing correspondence letter to RBI relating to XOS
- Performing end to end auditing of two major Suzlon overseas entity
- PPT presentation of global cash position of all overseas entity to up forward to CFO for decision making
- Foreign remittance of technical centre
- Providing and tracking corporate bank guarantee
- Consolidating and preparing monthly MIS all loans.
Senior Associate
WNS Global Services (P) Ltd
Pune
01.2008 - 01.2010
- Managed the day-to-day processing of Accounts Payable (AP) transactions to ensure that organisational finances were maintained in an effective, up-to-date and accurate manner
- Verified that transactions complied with financial policies and procedures
- Forecasted the payments of all vendors on a quarterly basis and interfaced with the treasury department for defining the budgets
- Ensured that all AP tasks are completed with full diligence and within the defined TAT
Education
MBA - Finance
Bharati University
Bharati University 06.2006 - 01.2008
B.Com - Accounting And Business Management
Shivaji University
Shivaji University 01.2003 - 01.2006
Skills
Corporate finance
undefinedTimeline
Manager
KPIT Technologies Limited
06.2017 - Current
Assistant Manager
Quick Heal Technologies
08.2016 - 05.2017
Assistant Manager
Fiat India Automobiles Private Ltd
01.2012 - 06.2016
Executive
SUZLON ENERGY LIMITED
05.2010 - 12.2011
Senior Associate
WNS Global Services (P) Ltd
01.2008 - 01.2010
MBA - Finance
Bharati University
06.2006 - 01.2008
B.Com - Accounting And Business Management
Shivaji University
01.2003 - 01.2006
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