Rohit Korgaonkar

Projects Undertaken:

• API integration - 2025. Have led the integration of APIs into the Organization's portal along with the Technology team.
• Real Time AR exposure refresh using OCR tools - Ongoing. Worked with Digital Transformation to leverage the API based statements to match the Sales invoices in the ERPs basis the information available on the 'Remittance' and identifying details of the Trade. This was previously done basis the MT940 statements on T+1 day and manual identification. It has proven to be a major TVM cost saver.
• RFP and Implementation of Cash Management services. - 2023 - 2024. Was a part of the core team in finalizing the provider basis their offered service to align with the organization's Treasury aspirations and fit within the accounting framework.
• Virtual Accounts and Cash Concentration - 2023- 2024. Led the process of adopting virtual accounts for company's Cash Management and setting up sweeps within the Virtual structures / Physical Intra bank / Cross bank. This has seen improvement in the liquidity visibility and thereby placement.
• Project IT2 for Liquidity Reporting - 2024. SME for the migration of liquidity reporting from excel (Cognos) into IT2 ie 'Reported - Actuals' and 'Projected - Forecast'. Process document, enhancement request raised, UAT and handhold the team in production implementation.
• LIBOR Decommissioning - 2022 - 2023. Synchronized communication with our banks to move to SOFR.
• Project Titan- 2022. SME for migration to our in-house ERP 'Titan'.

Automations:

• Recording sweeps with accounting entries in internal ERP.
• Automatic positioning of receipts into our financing banks via a RPA driven email
• RPA tool developed for bulk upload of loans and deposits along wise a deal wise split
• Ongoing enhancements in ERPs to enable categorization of financing, which will thereby automate the reporting of these.

Key Result Areas:

• Managing the Treasury Cash Management function for both the divisions ie Energy and Metals & Minerals. Team size is 14, of which 2 TL's are direct reports with teams under them.
• Treasury Trading related activity reporting and subsequent position to Group Finance Team. Forecast of trading and non trading flows basis various input sources.
• Maintenance of intercompany and external bank loans
• Validation and negotiation of rates applied by banks to cash balances and bilateral Trade finance loans.
• Overall Treasury management ie Counterparty Payments and Cash management for the Bunkering business.
• Management of financing with external banks along with the Trade Finance team, namely Marked to Market, Refinancing, Repos and Borrowing Base.
• Authorization of Counterparty and internal payments on internal payment gateway 'Treasury Payments System' and on Bank portals.
• Reports and MIS related to Loans and Cash positions shared with management
• Reconciliation and remediation of Bank Reconciliation breaks. Preparing an age-wise analysis of unreconciled items.
• Facilitating the annual Internal Control review. Sample proofing and validation of the existing control, suggest changes and enhancements, if any. Providing RCA to external auditors.
• Preparing and semi-annual review of SOPs.

Projects Undertaken:

• Reverse migration of the Treasury Operations function. Prepared training planner, scheduled on-site and online knowledge transfer sessions, handover of process related documentation and post go live support to the incoming service provider.
• FMEA solution to identify potential risk areas and apply preventive/ detective controls for the ETD and OTC settlements process.

Key Result Areas:

• Managed a team of 8, firstly for Treasury operations and thereon for ETD/ OTC settlements. This was done for 2 separate major clients, both global banks.
• Authorization of affirmed cash flows for settlements.
• Resolution for un affirmed discrepant trades by reviewing calculations and confirmation document. Escalating to Middle office incase of incorrect calculations on our side for correction.
• Regulatory CASS breach reporting presented and elaborate action plan for resolution of these items suggested on the daily calls with management.
• Treasury funding. Nostro funding across regions via FX swaps and borrowing from Central Treasury.
• Cover for Intraday and overnight margin calls to the PPS accounts with the respective exchange/ CCP

Projects Undertaken:

• Paper statements elimination- by identifying the non-electronic accounts and initiating MT940 statement setup
• Dormant account clean up.

Key Result Areas:

• Loan/ overdraft account management, payment of interest after reconciling loans/ overdrafts at month/ quarter end
• Reporting and forecasting of T and T+1 movement on the cash account related to trading activities
• Bank reconciliation- resolution and reporting of un reconciled breaks.
• Allocation of sales receipts and repayment of loans with financing banks.
• Setting up newly opened accounts in the SRD and ERP. Thereafter setting up Swift services and negotiating charges with the bank
• Multibanking CSA user – setting up eligible users with different levels of permissions on various GUIs for online banking purpose

Key Result Areas:

• Processing payments via swift after manually verifying the details on the message. Call-backs done for high value transactions both for private and corporate clients
• Allocate receipts to respective trades to enable release of the sold currency
• Verification and updating of Bank details on the system with the required SWIFT fields for all currencies and countries after compliance approval
• FX Trading - booked FX trades after direct interaction and approval by the client over recorded telephone line (upto 25k GBP)
• Multibanking – setting up clients on I-Payfx online trading platform with company margins basis the volumes of business provided

• Invoice processing PO and MA on Ariba. Timely follow-up and resolution fo invoices under discrepancy.
• Handling and resolving queries after consultation with the US team TAT 48 hours.
• Reconciliation of the processed invoices- process flow being keying of invoices followed reconciliation before final submission for payment.
• MIS and reporting of number of invoices and the accuracy analysis prepared and presented to management.