Lead-Treasury Accounting

Tesco India; Bengaluru; Hybrid; INR 900,000 - 1,300,000; Full time

Job summary

Tesco Bengaluru seeks a Treasury Accountant to oversee treasury accounting activities, including bank and intercompany reconciliations, and derivative instruments, ensuring accurate reporting and regulatory compliance. The role requires strong IFRS/FRS knowledge and analytical skills.

The position supports internal controls, audits, and month-end close, while operating within a hybrid model and contributing to process improvements. A CA qualification with 1–2 years in finance is preferred.

Qualifications

• Chartered Accountant with 1-2 years in Finance domain.
• Knowledge of IFRS, UK FRS and Treasury Accounting/IFRS 9 in depth.
• Strong analytical, documentation and compliance abilities.

Responsibilities

• Review and reconciliation for Bank and Intercompany Treasury related transactions.
• Oversee Derivative and Hedge Accounting including forwards, options, swaps, and futures.
• Prepare and analyze treasury reports, including cash flow statements and bank fee analysis.
• Prepare and review financial reports related to derivatives and disclosures.
• Develop and maintain internal controls on treasury procedures and assist audits.

Skills

IFRS knowledge

UK FRS understanding

Analytical skills

Education

Chartered Accountant (CA)

Job description

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.

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,

• 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.

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.