Nilesh Bhalchandra Muley
Ganapati Mandir, Kalyan
Summary
· Qualified MBA and Certified Treasury Manager offering nearly 16 years of experience across corporate treasury, banking- finance & operations, Working Capital Management, Cash Flow Forecasting, Liquidity Management and Finance Budgeting
· Raised approx. Rs 1000 ‐ 1200 Crores loans through short term loans and Commercial Papers from Banks / MF’s with an objective of overall cost saving
· Expertise in managing & leading teams for running successful Treasury function· Hands-on experience in product implementation & process reengineering, customization & automation related to treasury operations
· Highly successful in driving innovative means to manage financial needs of the organization; reduced the cost of funding through successful administration of working capital & cash flows.
· Excellence in building strong & lasting relationships with stake holders ie Credit rating agencies, Banks, MF’s.
· Excellent communicator with aptitude for collaborating with internal & external customers and key stakeholders to identify business needs and develop winning solutions.
Overview
17
17
years of professional experience
1
1
Certification
1
1
Language
Work History
Senior Manager
Gargi Huttenes Albertus Pvt Ltd
03.2020 - Current
- Managing and expanding banking relationships
- Raising short term loans and long-term loans for capex
- Cashflow forecasting and reporting
- Credit Analysis of Customers and setting up credit limits
- Manage working capital requirements
- Forex hedging for Imports and Exports
- Vendor/Customer Bill Discounting Management
- Dealers Bill Discounting Management
- Managing Vendor Payments and Receivables
- Issuance of Bank Guarantees and supporting LC issuances
- Introducing new treasury products to reduce costs
- Automate Payment System, Online baking facility for RTGS/NEFT and FX remittances.
Senior Manager
Hind Musafir Agency Limited
11.2017 - 02.2020
- 2020
- Managing banking relationship to minimize borrowing cost of the company
- Managing GST return filling for the company
- Managing the credit control function of the company
- BSP, LCC and credit card reconciliation for pan India
- Preparation of Cash Flow Statement
- Handling ICFR audit, Internal Audit and Statutory Audit.
Senior Manager Finance
Thomas Cook (India) Limited
02.2006 - 11.2017
- Expertise in Treasury, Finance and Accounts
- Treasury/Funds Management
- Raising short- and medium-term loans from Banks
- Issuance of commercial papers keeping in mind the objective of interest cost minimization
- Preparation and management of daily cash flow to meet the requirements of different business verticals
- Investment of surplus funds in Liquid funds/fixed deposits
- Cash Flow Management
- Implementation of payments through credit cards to Airlines instead of BSP mechanism to save interest cost as well as to earn cashbacks
- Implementation of credit cards payment mechanism various for utility payments to increase credit period
- Bank Guarantee Issuance for Domestic and Foreign Vendors
- LC Issuance to overseas Hotels and vendors
- Budgeting, Monitoring/Controlling finance cost on ongoing basis
- Preparation of Finance cost budget for the company
- Preparing monthly finance cost forecast and variance analysis
- Scrutiny and Validation of Bank Charges and Interest expense
- Taking steps to reduce bank charges/interest and minimize variances between Budget, forecast and actual
- Payment gateways, EDC machines and Credit cards
- Handling business requirements related to Payment gateways, EDC machines and Credit cards
- Negotiating with aggregators/bankers for better commercials for Payment gateways, EDC machines and Credit cards
- Exposure in Nostro Bank and Foreign currency card reconciliations –
- Drafting of end-to-end accounting process for Borderless Prepaid Card (BPC-Multicurrency Prepaid Card of the company - direct tie up with MasterCard)
- Handling of all accounting entries and reconciliation of BPC transactions
- Ensuring asset liability match for BPC business
- Reconciliation of Citibank World Money foreign currency prepaid card, SBI Global Money Card, Axis bank Foreign Currency Prepaid Card
- Reconciliations of Nostro Bank accounts.ACCOMPLISHMENTS
- Recovery of INR 80 mn from card customers
- Recovery of INR 30 mn from MasterCard
- Won Pride award for Excellence
- Achieved the Role of Honor
- (In a performance appraisal process Role of Honor title is allotted to individuals who have performed exceptionally well)
- Won Managing Directors award as a team
- Have won Team Award as Best Finance Team for 3 consecutive years
- Reduced float of cash balance by INR 25 million (by 40% yoy)
- INR 9 million recovered towards excess interest charged by banks
- Saving of INR 10 million in bank charges as a result of better negotiations with banks.
Education
Post Graduate Diploma (MBA) - Finance Management
PG Diploma - Treasury and Foreign Exchange Management
Certified Treasury Manager (CTM) - undefined
Master of Commerce - undefined
Bachelor of Commerce - undefined
Skills
Corporate Treasury Operationsundefined
Certification
CURRICULUM VITAE 1
Timeline
Senior Manager - Gargi Huttenes Albertus Pvt Ltd
03.2020 - Current
Senior Manager - Hind Musafir Agency Limited
11.2017 - 02.2020
Senior Manager Finance - Thomas Cook (India) Limited
02.2006 - 11.2017
Welingkar institute of management - Post Graduate Diploma (MBA), Finance Management
ICFAI University - PG Diploma, Treasury and Foreign Exchange Management
- Certified Treasury Manager (CTM),
University of Mumbai - Master of Commerce,
University of Mumbai - Bachelor of Commerce,
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