Senior Manager - Forex & Treasury - CA

Konnectrack People Search & Solutions; Mumbai; On-site; INR 5,500,000 - 9,000,000; Full time

Job summary

Konnectrack People Search & Solutions is partnering with a client to hire a seasoned Corporate Treasury leader. The role oversees global FX and commodity risk, hedging strategy, RBI/FEMA compliance, and board-level reporting for a multi-entity, international organisation.

The ideal candidate has 11–15 years of treasury experience, with 7–8 years in corporate treasury, deep derivative and hedge accounting knowledge, and a track record of strategic risk management and stakeholder engagement at the

Qualifications

• CA with First Attempt clearance is mandatory.
• 11–15 years total experience, 7–8 years in corporate treasury/FX/commodities.
• Deep knowledge of derivative instruments, hedge accounting, cross-border regulations (RBI/FEMA).
• Experience managing treasury ops in multi-entity, globally consolidated groups.

Responsibilities

• Lead global FX and commodity risk management for the group and subsidiaries.
• Oversee hedging transactions with banks and brokers; manage FC loans strategy.
• Ensure hedge accounting compliance per IND AS/IFRS; support audits and UFCE certifications.
• Design dashboards and board-level disclosures; optimize cash flow and repatriation.

Skills

Financial modeling

Executive presence

Stakeholder communication

Education

Chartered Accountant (CA)

First Attempt cleared

Tools

IFRS/IND AS proficiency

Job description

We are partnering with our client to hire a seasoned Corporate Treasury leader to take charge of their global Forex and Commodity Risk portfolio. This critical role will drive enterprise-wide hedging strategies, ensure stringent regulatory compliance, and provide analytical risk commentary directly to the Board of Directors.

Key Responsibilities:

Global Risk & Exposure Management

• Spearhead the identification, assessment, and mitigation of foreign exchange and commodity risks at a consolidated global level (parent company plus international subsidiaries).
• Continuously monitor volatile currency and commodity markets to architect and implement robust, proactive hedging strategies.
• Partner closely with commercial and bidding teams to provide accurate currency forecasting, margin protection strategies, and risk inputs for major international project tenders.

Treasury Deal Execution & Banking

• Lead the execution of complex hedging transactions, negotiating with a consortium of domestic and international banks, and global commodity brokers.
• Oversee the strategic raising, structuring, and rollover of Foreign Currency (FC) loans to optimize the company's cost of capital.
• Nurture and expand senior-level relationships with financial institutions, banks, and rating agencies.

Hedge Accounting, Audit & Compliance

• Act as the ultimate custodian for treasury compliance, ensuring strict adherence to all RBI guidelines and FEMA regulations.
• Drive end-to-end hedge accounting compliance in accordance with IND AS / IFRS frameworks, including rigorous hedge effectiveness documentation.
• Lead quarterly treasury audits, manage UFCE certifications, and collaborate with statutory auditors to ensure a watertight internal control framework.

Strategic Board Reporting & Cash Flow Optimization

• Design and present comprehensive consolidated FX and commodity exposure dashboards for executive leadership and Board of Directors meetings.
• Draft detailed treasury disclosures and notes for the companys Annual Report.
• Evaluate foreign currency balances across international project sites, analyze cash flow impacts of currency fluctuations, and execute efficient global cash repatriation strategies.

The Ideal Candidate:

• Education: strictly a Chartered Accountant (CA) who has cleared their exams in the First Attempt.
• Experience: 11 to 15 years of overall experience, with a minimum of 7 to 8 years dedicated exclusively to Corporate Treasury, Forex, and Commodity risk management.
• Domain Expertise: Deep technical command of derivative instruments, hedge accounting, and cross-border regulatory frameworks (RBI/FEMA).
• Business Acumen: Prior experience managing treasury operations in a complex, multi-entity, globally consolidated corporate structure (candidates from EPC, heavy manufacturing, or large conglomerates are highly preferred).
• Executive Presence: Exceptional communication and financial modeling skills, with a proven track record of presenting complex financial data to Board-level stakeholders..