Manager/Senior Manager/Chief Manager – Treasury & Forex

Currency Management:

– First point of contact for all Currency Management tasks for businesses; Support the Business/Project Commercial Managers in the identification of foreign currency risks and advise on mitigation of such risk including assessing the level of risk mitigation in case of currency clause usage.

– Collate foreign currency exposure from businesses, review project cash flows together with the Project Commercial Managers and initiate consolidated hedge requests to Fx Trader

– Monitor the outstanding hedge book and give timely updates to Fx Trader to initiate rollovers/cancellations based on changes to underlying exposures and expected cashflow

– Identifying and hedging Balance sheet exposures in line with company policy.

– Provide rates for offer calculation to the businesses and monitor significant contingent foreign currency exposure, post updating the offer calculation rate every month.

– Report monthly Net Foreign Currency Position and also, on a quarterly basis, report to management on foreign currency and commodity exposure and hedging status.

– Advise the Commercial Managers on the appropriate application of Hedge Accounting and the accounting impact of foreign currency transactions and support in the identification of Embedded Derivatives.

– Management of Stakeholders – Must build transparency and trust across all partners

– Collaborate effectively with business teams and other regional currency management teams outside India, implement standard methodologies, with a clear focus on digitalization and automation.

FX Dealing:

– Executing deals with banks and exchanges to hedge Fx and commodity exposure and managing hedge book.

– Demonstrating proficiency and adhering to market best practices in all dealings in the market; Managing reporting requirements in line with Central bank regulations and internal guidelines.

– Continuously monitor and improve the existing Fx and commodity exposure management landscape by designing and implementing automated risk management processes.

Liquidity Management:

– Placement of deposits with banks or group companies / mutual funds – adhering to internal policies, counterparty limits and external regulations; achieving optimal returns on surplus funds by following best market practices.

Requirements:

– Qualified Chartered Accountant.

– At least 7+ years of professional experience in a corporate treasury/finance environment, preferably in areas of foreign exchange and commodity risk exposure management and/or business commercial / project finance.

– Experience in crafting and optimizing processes is required, preferably within a digitalization and automation context.

– Ability to manage multiple partners’ expectations; Intense collaboration with the businesses will be the key.

– Good knowledge of accounting incl hedge accounting required; Proficient in SAP and MS office suite.