Hormazd Bhamgara

• CASH MANAGEMENT (Cash flow Management, Payment processing, Accounting, Internal Policy Limits, MIS, NHB Reporting):

- Ensuring timely and accurate updations of Cash dashboard, live reconciliation with cash file and bank statement to arrive at a surplus liquidity position and for day-end closing process.

- Coordinating with Treasury Front office team by providing timely and accurate surplus liquidity position to assist in investment decision making.

- Ensuring timely & accurate completion of processing Treasury Investments pertaining to Mutual Fund, Reverse Repo, G-Sec, Bank Deposit & Internal Fund Transfers with complete payment & accounting life cycle from Importing of Invoice, Validation, Payment Run, Payment encryption, Bank authorization & booking of monthly accruals.

- Funding of Internal Disbursements, Deposit and other important accounts of the corporation.

- Timely Submissions of MIS for NHB & ALM reporting pertaining to Bank Deposits Investments.

• BORROWING (INR-FCY) & DERIVATIVE SETTLEMETNS:

- Managing processing of all Borrowing settlements pertaining to NCD with TDS deductions, Commercial Paper, Term Loans, REPO, ECB, Masala Bond, SWAPS & CSA Settlements with complete payment & accounting life cycle from Invoice booking, Validation, Payment Run, Payment encryption, Bank authorization.

- Ensuring Confirmation & Verification for settlements done with counterparties to ensure they agree on terms of settlement & resolving any discrepancies.

- Reconciliation & processing payments for SWAP & CSA settlements.

- Monthly Interest payments & booking of monthly accruals.

- Co-ordinating with the tax consultants and chartered accountant firms to ensure receipt of tax opinion on the payments.

- Co-ordinating with the bank for ensuring the payment and the settlement of the payment to the lenders account

- Processing of stamp duty, IPA & Transaction charges pertaining to all Borrowing & Investment products.

• INVESTMENT – EQUITY (Deal Entry, Custody Instructions, Accounting (IndAS), MIS, Reporting on Exchange & NHB):

- Managing the Sale and Purchase instructions for equity investments.

- Liaison with custody for all investment-related matters, reconciliation of demat accounts for the corporation.

- Deal Entry & Maintenance of the Investment Schedule of the company.

- Validation / Passing of various accounting entries.

- Computation of profit on sale of Investment as per books of accounts & as per Investments.

- Monthly Reconciliation of the Schedules for Dividend, Venture Fund, SR, REIT Incomes & PnL for Investments. Reporting of Dividend & PnL for Investments in Subsidiaries & Associates every quarter for press release to business team.

• DISBURSEMENT / BANK RECONCILIATION & WARRANTS:

- Leading a Centralized payment processing team for all Non-Individual Loans pertaining to Construction Finance, Corporate & LRD disbursements with complete Back office life cycle of Importing of Invoice, Validation, Payment run, Payment encryption & Bank authorization.

- Collaborated with IT Teams to implement new tools to improve efficiency in payment life cycle of Borrowings, Investments & Disbursements with 100% accuracy.

- Checking and posting of daily A/c sweep entries of 132 bank accounts through a self-initiated automated process.

- Daily Reconciliation of all bank accounts pertaining to Treasury and follow up on un-reconciled entries on a daily basis.

- Monthly Collation of All India BRS for Audit.

- Reporting of Warrant Cashflows to Secretarial Team.

- Passing of Accounting Entries for Warrant conversions.

- Maintaining Warrant Schedule.

• AUDIT & OTHERS:

- Balance confirmation activity on quarterly basis from 14 different Banks with 132 Bank accounts for statutory, Internal auditors & NHB Inspection.

- Handling Quarterly Audits of Cash Management, Borrowings & Investments with statutory, Internal auditors & NHB Inspection.

- Preparing various MIS / Schedule for financial reporting (MSMED, Dividend, Warrants, Pnl on Investments in Subsidiary, Related Party Transactions)

- Preparation of MIS for Overseas Staff accounts & Issuance of Staff & Travel Advances and follow up for settlement.

- Validation of Invoices and Claims in Oracle Financial with proper check on the authenticity of nature of expenses, Approvals, documentation & Ensuring Timely processing & disbursal of Staff payments for 9 overseas locations.

- Rectification of Bank Reconciliation Statement.

- Reconciliation of Travel & Staff advances GL’s during month end.

- Preparation of MIS for invoices on hold with GL reconciliation in ACT / RMT tool.

- Online payment for RBS SG vendors / staff.

- Identification of Error’s like Duplication of payment and rejection in workflow.

- Ensured Timely processing & disbursal of Vendor & Staff Payments.

- Ensure that all audit points raised are comprehensively addressed & closed.

- Resolving the Hold Invoices through emails or phone calls

- Authorization of IP & T&E vouchers with proper check on the authenticity of nature of expenses, Approvals and documentation.

- Replying to the queries of Vendors as well as Staff within TAT.

- Handling month end accruals & passing reclass entry.

- Recovery of Debit balance from Vendor’s.

- Worked on the Duplicate Payments Recovery Project for SG, HK, UK, INDIA BANK & RBSBS.

- Conducted comprehensive training sessions for newly hired employees, ensuring a smooth onboarding process and equipping them with the necessary skills to excel in their roles.