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 usageCollate 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 policyProvide rates for offer calculation to the businesses and monitor significant contingent foreign currency exposure, post updating the offer calculation rate every monthReport monthly Net Foreign Currency Position and also, on a quarterly basis, report to management on foreign currency & commodity exposure & hedging statusAdvise 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 DerivativesManagement 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 & automationFX 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 marketManaging reporting requirements in line with Central bank regulations and Siemens internal guidelinesContinuously monitor and improve the existing Fx & commodity exposure management landscape by designing and implementing automated risk management processesLiquidity 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

We don’t need superheroes, just super minds

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 fieldYou 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 financeExperience in crafting and optimizing processes is required, preferably within a digitalization & automation contextExperience in project management by delivering projects by yourself beyond daily operational tasksAbility to manage multiple partners’ expectations. Intense collaboration with the businesses will be the keyGood knowledge of accounting incl hedge accounting required. Proficient in SAP & MS office suite #SL