Manager/Senior Manager/Chief Manager – Treasury & Forex Glocons Consulting

The Corporate Institute; Mumbai; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking an experienced treasury professional to lead currency management and FX hedging activities. You will support Commercial Managers, collate exposures, and manage the hedge book while coordinating with regional teams.

The role requires CA qualification with 7+ years in treasury/finance, strong SAP and MS Office skills, and experience in automation and hedge accounting implications.

Qualifications

• Qualified Chartered Accountant with corporate treasury experience.
• 7+ years in treasury/finance with FX and commodity risk exposure.
• Experience in digitalization and automation initiatives.
• Strong SAP and MS Office proficiency.

Responsibilities

• Lead currency management tasks for businesses and advise on FX risk mitigation.
• Collate exposure data, review cash flows, and initiate hedge requests.
• Monitor hedge book and coordinate rollovers/cancellations.
• Advise on hedge accounting and embedded derivatives implications.
• Collaborate with regional teams and stakeholders to standardize processes.
• Execute deals with banks/exchanges to hedge FX and commodity exposure.
• Contribute to automated risk management process improvements.
• Ensure compliance with central bank regulations and internal policies.

Skills

FX hedging

Treasury management

Stakeholder management

SAP proficiency

MS Office

Education

CA (Chartered Accountant)

Tools

SAP

MS Excel

PowerPoint

Job description

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.