PRABHJOT KAUR

Manager - Corporate Finance & Treasury

DABUR INDIA LTD

04.2008 - Current

Work collaboratively with banks to implement funding and credit solutions to maximize liquidity and minimize costs
Dealing/Negotiating/Coordinating with the Banks & Financial Institutions for managing Working Capital Long Term/Short Term funding requirements of the company
Facilitating financing of big-ticket projects, preparing project reports with complete documentation
Main Facilitator in establishing the Treasury process and framework, Treasury Policy including Investment Management Policy, Foreign Exchange management policy, Borrowing Policy, SOPs etc in line with company expectations
Adhered to the company policy to ensure proper internal controls and process flows
Managing company’s supplier’s payment via TREDS program and negotiating with the Platform providers for getting best bids for interest rates for vendor payments
Raising/Lending funds through CROMS Platform as per funding requirement of the company at best possible rates
Provide regular status updates to management; develop presentations and materials
Manage audit engagement teams, performing timely review and providing constructive feedback
Periodic reviews of the working capital limits and annual renewal with the banks
Developed and maintained adequate business relationships with bankers and financial institutions
Facilitating the assignment and re-affirmation of optimal credit ratings by credit rating agencies
Implemented Cash Management Solutions as per the customized needs of the company/ Channel/Dealer Finance Limits, related negotiations
Hedging foreign exchange risk of the Group's Foreign Exchange exposures by presenting info the Forex Committee and played important role in preparing and implementing Risk management policy
FX Policy formulation and ensuring that all FX transactions are within Company's FX Policy framework along with Stop Policy mechanism
Conducting regular FX committee meeting and presenting the exposures to the members for timely hedging decision as per the policy
Hedging the FX risk via derivatives like Forwards/Futures/Options etc
Maintaining records of FX committee meetings and approvals, Forward contracts with banks, Auditor's certificates and required documentation
Facilitating and coordinating with auditors for smooth audit w.r.t FEMA/RBI compliances and matters related to treasury operations
Presenting the investment analysis to the Management on monthly basis along with returns/risk profile etc
Formulating Investment policy in line with Company goals/views & monitoring of transactions within the policy framework
Preparation of CMA, Projected Balance sheet, Cashflow statements to the banks for annual renewal of the credit facilities
Maintained company compliance with internal policies and government/RBI/FEMA regulations
Budgeting and coordinating budget approvals/monitoring the overheads and reporting variances
Mitigated risk by implementing internal controls and safeguards for revenues and expenditures
Key Highlights: Financed Projects worth more than US$ 500-700 Mln till date for the Group (India and MENA/SAARC/AFRICA Region)
Key role in preparing Treasury Policies like Investment Policy, Foreign Exchange Management Policy, Borrowing Policy and different SOP’s for the company along with key control processes
Successfully developed various MIS and Templates for information to Board, Audit Committee as per requirement
Successfully completed setting up of New Subsidiary in Srilanka by setting up banking credit limits, handling all banking and legal requirements of the country along with Hedging of FX risk of the entity through local banks in Srilanka
Raised Foreign Currency Loan for Subsidiary in Nepal through offshore foreign banks to the tune of USD 60-70 Mln during course of time at best minimum pricing along with handling legal compliances
Setting up of Working capital facilities for subsidiary in Bangladesh by coordinating with banks in India and Dhaka at best possible pricing (without any recourse/Corp guarantee)
Savings of more than USD 4-5 Mln per annum by changing hedging policy and taking timely action for risk management
Also managed to save substantial hedging cost by hedging subsidiary’s FX exposures through Currency Futures in India
Raised Loans and arranging working capital requirements for subsidiaries based out of UAE, Egypt, South Africa and Turkey as per requirement and managing all the compliance matters
Successfully handled ODI/FEMA case related to subsidiary in Pakistan and provided info to relevant authorities involved in the case like RBI, Ministry of Economic Affairs etc and managed to get the case settled with minimum compounding fees
Savings of INR 4-5 crores on account of revamping the Cash Management operations with Day 1 credit by developing new process with banks for the company zone wise
Successfully negotiated with different banks for handling cash management for different zones and giving the company credit on day one basis with minimum cost along with proper cheque bouncing mechanism
Successfully raised various structured loans for the promoter companies as per requirements
Have successfully managed and handled various Treasury Audit conducted by Auditors like PWC, Grant Thornton and G.basu through the course of period.

Overview

Work History

Manager - Corporate Finance & Treasury

Senior Executive Corporate Finance & Treasury

Education

M.B.A - Finance, International Business

B.Com - Bachelor of Commerce

Skills

Languages

Conferences Workshops

Personal Information

Hobbies and Interests

Volunteer Experience

Timeline

Manager - Corporate Finance & Treasury

Senior Executive Corporate Finance & Treasury

M.B.A - Finance, International Business

B.Com - Bachelor of Commerce

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