JSW JFE || Finance & Accounts - Area Incharge (Treasury )

Job Description

• *JOB DESCRIPTION**

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• *JSW JFE Electrical Steel Private Limited**

• *1\. Position Details**
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• *Particulars** **Details**

• *Position Name** Manager – Treasury \& Banking

• *Current Position Holder** New

• *Division** JSW JFE Electrical Steel Private Limited (JV between JSW Steel \& JFE)

• *Location** Vijayanagar

• *Reporting To** Head – Treasury / CFO

• *Recruitment Priority** Urgent / Immediate

• *Number of Positions** 1

• *2\. Purpose of the Role**
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To manage the company's cash flows, liquidity, banking operations, foreign exchange (forex) exposure, trade finance instruments (LC/BG), and loan compliance for a manufacturing setup. The role requires strong knowledge of Ind AS, treasury operations, financial risk management, and stakeholder management to ensure effective financial planning, regulatory compliance, and optimal utilization of funds.

• *3\. Organization Chart**
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• **Position Reports To:** CFO / Head – Treasury
• **Peer Positions:** Manager – F\&A, Manager – FP\&A Controlling, Manager – Tax
• **Positions Reporting To This Role:** Executive / Deputy Manager – Treasury

Organization chart to be attached as an annexure.

• *4\. Key Result Areas (KRAs) and Key Performance Indicators (KPIs)**
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• **Cash Flow and Liquidity Management:** Manage daily cash flows, liquidity, short\-term investments, and working capital limits, including cash credit (CC), letters of credit (LC), and bank guarantees (BG).
• **Trade Finance Management:** Oversee LCs, BGs, standby letters of credit (SBLCs), amendments, and import/export documentation.
• **Forex and Risk Management:** Monitor foreign exchange exposures arising from imports and exports and execute appropriate hedging transactions.
• **Loan and Project Finance Management:** Monitor long\-term loans, external commercial borrowings (ECBs), project finance, repayment schedules, and covenant compliance.
• **Treasury Accounting and Compliance:** Ensure accurate treasury accounting, including interest accounting, mark\-to\-market (MTM) valuations, and hedge accounting in accordance with applicable Ind AS requirements.
• **Banking and Stakeholder Management:** Liaise with banks, rating agencies, statutory auditors, and internal stakeholders to ensure effective treasury operations.
• **Process Improvement and Automation:** Drive treasury automation, ERP/Treasury Management System (TMS) integration, and process efficiency.
• *5\. Critical Tasks and Key Activities**
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### **KRA 1: Cash and Liquidity Management**

• *Objective:** Ensure optimal liquidity for operational expenditure, capital expenditure, vendor payments, and statutory dues while minimizing idle cash balances.

• *Key Activities:**

• Monitor daily cash and bank balances and maintain adequate liquidity for business operations.
• Prepare and review daily and weekly cash flow forecasts.
• Ensure timely execution of vendor payments, payroll, utility payments, and statutory obligations.
• Monitor and optimize working capital facilities and banking limits.
• Invest short\-term surplus funds in accordance with the company's Treasury Policy.
• Identify opportunities to improve cash utilization and minimize financing costs.

### **KRA 2: Loan Management and Covenant Compliance**

• *Objective:** Ensure accurate tracking, timely servicing, and compliance with the terms and conditions of long\-term loans, ECBs, and project financing arrangements.

• *Key Activities:**

• Monitor loan drawdowns, interest payments, repayment schedules, and outstanding balances.
• Ensure compliance with loan covenants and financing agreements.
• Prepare and submit Debt Service Coverage Ratio (DSCR) and other financial ratio calculations to lenders.
• Coordinate with project teams to monitor capital expenditure, project funding requirements, and utilization of funds.
• Maintain accurate loan documentation and financing records.
• Coordinate with banks and lenders for loan\-related reporting and compliance requirements.

### **KRA 3: Trade Finance and Forex Risk Management**

• *Objective:** Ensure timely and accurate execution of trade finance transactions while mitigating foreign exchange risks associated with imports and exports.

• *Key Activities:**

• Arrange, open, amend, and monitor LCs, BGs, and SBLCs in coordination with banks and internal stakeholders.
• Ensure compliance with UCP 600, FEMA, RBI guidelines, and other applicable regulatory requirements.
• Monitor shipping documents, usance periods, maturity dates, and payment obligations.
• Identify and monitor foreign exchange exposures arising from import and export transactions.
• Execute approved forex hedging transactions in accordance with the company's Treasury Policy.
• Maintain appropriate documentation and accounting records for hedge transactions in line with applicable Ind AS requirements.
• Monitor forex market movements and assess their potential impact on the company's financial position.

• *6\. Decision\-Making Authority**
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Decision\-making authority shall be exercised in accordance with the company's approved delegation of authority, treasury policy, and applicable internal control procedures.

• *7\. Educational Qualifications and Work Experience**
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• **Qualification:** Chartered Accountant (CA) or MBA in Finance.
• **Experience:** 5–10 years of relevant experience in treasury, banking operations, forex management, trade finance, and loan management.
• **Preferred Skills:** Working knowledge of SAP or other ERP systems and treasury management platforms.
• **Industry Preference:** Experience in manufacturing, capital\-intensive industries, or project\-based organizations would be an advantage.

• *8\. Competencies Required**
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• Strong knowledge of treasury and banking operations.
• Expertise in foreign exchange risk management and hedging.
• Sound understanding of trade finance instruments, including LCs, BGs, and SBLCs.
• Strong cash flow forecasting, liquidity planning, and financial analytics skills.
• Knowledge of Ind AS, treasury accounting, and hedge accounting.
• Understanding of loan management, project finance, and covenant compliance.
• Strong negotiation, analytical, and problem\-solving skills.
• Effective communication and stakeholder management capabilities.
• Knowledge of SAP, ERP systems, and treasury automation tools.

• *9\. Working Relationships – Stakeholders**
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• *Internal Stakeholders**

• Corporate Finance \& Accounts (F\&A) Team
• Projects Team
• Information Technology (IT) Team
• Joint Venture (JV) Partner

• *External Stakeholders**

• Banks and Financial Institutions
• Statutory Auditors
• Rating Agencies
• Other Financial and Regulatory Stakeholders, as applicable

• *10\. Key Success Factors and Challenges**
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• **Cash Flow and Liquidity Optimization:** Ensure accurate cash flow forecasting, effective liquidity management, and efficient working capital utilization.
• **Project Financing and Cost Optimization:** Support project financing requirements, manage trade finance effectively, and optimize the overall cost of funds.
• **Forex Risk Management and Compliance:** Effectively manage foreign exchange exposures while maintaining strong financial controls, regulatory compliance, and governance.
• **Banking Relationship Management:** Establish and maintain an effective banking ecosystem to support the organization's operational and project financing requirements.
• **Treasury Systems and Process Excellence:** Strengthen treasury processes, controls, automation, and reporting mechanisms.
• *11\. Additional Information**
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This is a newly created position within the Finance \& Accounts Department of JSW JFE Electrical Steel Private Limited (J2ES\-V), a joint venture between JSW Steel and JFE.

The company is setting up a greenfield CRGO (Cold Rolled Grain\-Oriented) electrical steel manufacturing facility at Vijayanagar, with an annual production capacity of **100,000 MT** and an estimated project cost of **₹7,102 crore**.

The role will support the establishment and management of the treasury and banking framework required to meet the organization's operational, project financing, and long\-term financial management requirements.

Job Snapshot

Updated Date

23\-10\-2026

Job ID

JOB15731

Department

Finance \& Accounts

Location

Vijaynagar, Bellary, Karnataka, India

Experience

5 \- 10 Years

Employee Type

Managerial

Salary Range

INR 10,00,000 \- 20,00,000 (Annual)