Treasury Manager

Treasury Manager - Siemens Ltd, India

In country Reporting to : Head – Treasury Risk Management, South Asia

Functional Reporting to : Head – Risk Advisory within Global Treasury Risk Management (TRM) team based out of Germany

Team : Individual contributor

Location : Worli, Mumbai

Coverage : Siemens Ltd, India’s all businesses: Digital industries, Smart

Infrastructure, Mobility& Siemens Group Companies

Job Description: -

• First point of contact for all Currency Management tasks for businesses; Support the Business/Project Commercial Managers in the identification of foreign currency risks & 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 & hedging Balance sheet exposures in line with Siemens 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 & commodity exposure & 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 & other regional currency management teams outside India, implement standard methodologies, with a clear focus on digitalization & automation
• FX Dealing:
• Executing deals with banks and exchanges to hedge Siemens’ Fx & commodity exposure and managing Siemens’ 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 Siemens internal guidelines
• Continuously monitor and improve the existing Fx & 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
  

• You are a qualified Chartered Accountant or Cost Accountant or have completed a university Master’s degree in business administration (with specialization in finance) or a similar field
• You bring at least 7+ years of professional experience in a corporate treasury/finance environment, preferably in areas of foreign exchange & commodity risk exposure management and/or business commercial / project finance
• Experience in crafting and optimizing processes is required, preferably within a digitalization & automation context
• Experience in project management by delivering projects by yourself beyond daily operational tasks
• 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 & MS office suite