Lead-Treasury Accounting

Tesco Business Solutions; Bengaluru; Hybrid; INR 700,000 - 1,100,000; Full time

Job summary

Tesco Bengaluru is seeking a Treasury Accountant to manage bank and intercompany reconciliations, hedge accounting and treasury reporting. You will ensure accurate reporting and adherence to IFRS and UK FRS standards, while maintaining rigorous internal controls.

You will participate in month-end closes, assist audits, and drive process improvements across treasury activities, including derivative instruments and cash flow analysis, within a hybrid work model.

Qualifications

• Chartered Accountant with 1-2 years in finance
• Knowledge of IFRS and UK FRS, treasury accounting/IFRS 9
• Strong analytical skills and audit/compliance experience

Responsibilities

• Review and reconcile bank and intercompany treasury transactions
• Oversee derivative/hedge accounting and document hedge relationships
• Prepare treasury reports including cash flow statements and bank fee analysis
• Assist with audits and maintain internal controls for treasury processes
• Lead process improvements and support month-end closes and HFM consolidation
• Support treasury initiatives including legacy issue resolution and system changes

Skills

Treasury accounting

IFRS knowledge

Audit procedures

Education

Chartered Accountant PQE

Job description

About the role

The Treasury Accountant is responsible for managing and overseeing the treasury accounting activities covering bank, intercompany reconciliations, Treasury financials and derivative financial instruments. This role involves ensuring accurate reporting, and compliance with accounting standards and regulatory requirements. The same needs strong understanding of accounting principles and financial practices, with excellent analytical and organizational skills.

You will be responsible for

Following our Business Code of Conduct and always acting with integrity and due diligence and have these specific risk responsibilities:

• Review and Reconciliation for Bank and Intercompany Treasury related transactions. Support Investigating and resolving discrepancies in a timely manner with relevant documentation.
• Oversee Derivative and Hedge Accounting including but not limited to forwards, options, swaps, and futures. Ensure proper recognition and measurement in accordance with relevant accounting standards, Applying hedge accounting principles, including documenting hedge relationships, assessing hedge effectiveness, and recording hedge gains and losses
• Prepare and analyze treasury reports, including cash flow statements and bank fee analysis.
• Prepare and review financial reports related to derivatives, including disclosures in financial statements.
• Develop and maintain internal controls on treasury related procedures and assist with internal and external audits of financial instruments and related financial statements. Liaise with Audit teams to Provide necessary documentation and explanations.
• Identify opportunities to improve accounting processes and systems. Implement best practices to enhance efficiency and accuracy.
• Manage month end close processes including Journals, reconciliation and HFM Consolidation
• Taking lead in Treasury Initiatives including but not limited to resolving Legacy issues, process changes, Balance sheet control summary issues, System development, SOP Creation, Design of controls, etc.
• Following our Business code of Conduct and always acting with integrity and due diligence.
• Understanding "My" Objectives & work priorities ( KPIs) to ensure timely delivery inline with Service management plans as agreed,

You will need

• Chartered Accountant (PQE preferred), with work experience of 1-2 year in Finance domain
• Knowledge of accounting standards (IFRS, UK FRS)Understands Treasury Accounting/IFRS 9 in depth
• Strong analytical skills and of audit procedures, documentation & compliances.

Whats in it for you?

At Tesco, we are committed to providing the best for you. As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day. Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits. Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable.

• Salary - Your fixed pay is the guaranteed pay as per your contract of employment.
• Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually
• Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy.
• Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.
• Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws.
• Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.
• Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.
• Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.
• Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.

About Us

At Tesco, inclusion is at the heart of everything we do. We believe in treating everyone fairly and with respect, valuing individuality and uniqueness to create a true sense of belonging. Diversity and inclusion are deeply embedded in our values—we treat people how they want to be treated. Our goal is for all colleagues to feel they can be themselves at work, and we are committed to helping them thrive. Across the Tesco group, we are building an inclusive workplace that actively celebrates the cultures, personalities, and preferences of our colleagues, who in turn contribute to the success of our business and reflect the diversity of the communities we serve.

At Tesco Bengaluru, we are proud to be a Disability Confident Committed Employer, highlighting our commitment to creating a supportive environment for individuals with disabilities. We are dedicated to offering equal opportunities for all candidates and encourage applicants with disabilities to apply. Our recruitment process is fully accessible, and we are happy to provide reasonable adjustments during interviews. If you need any accommodations to participate in the recruitment process, please let us know. We are here to ensure that everyone has the chance to succeed.

We also believe in fostering a work environment where you can excel both professionally and personally. Our hybrid model allows you to work flexibly—spend 60% of your week collaborating in person with colleagues at our office locations or local sites, and the rest of the time working remotely. We understand that everyone’s life journey is unique, whether you are starting your career, pursuing passions, or navigating life changes, and we are here to support you. Flexibility is a core part of our culture, and we encourage open conversations about how we can best accommodate your needs, so talk to us throughout your application process on the support required.