Treasury Associate, Cash Management & Working Capital

Nivoda; India; Hybrid; INR 700,000 - 1,100,000; Full time

Job summary

Nivoda in Mumbai, India, seeks a hands-on Treasury Associate focused on cash management, cash flow forecasting, and working capital optimization. The role blends daily treasury operations with the development and refinement of treasury reporting, forecasting, and planning processes in a growing global business.

You will ensure cash is in the right place at the right time, maintain short- and medium-term forecasts, and drive improvements in liquidity and efficiency across DSO, DPO, bank

Responsibilities

• Maintain and update short-term (daily/weekly up to 13 weeks) and medium-term (3–12 months, monthly) cash flow forecasts across entities and currencies.
• Consolidate inputs from AR/AP, FP&A, Operations, Tax and Payroll into a reliable treasury forecast.
• Investigate discrepancies between systems, source data and bank transactions to ensure data accuracy.
• Monitor forecast vs actuals, explain variances and refine forecasting assumptions to improve accuracy.
• Support liquidity planning, intercompany transfers, funding movements and cash concentration activities.

Job description

Treasury Associate, Cash Management & Working Capital

Location: Mumbai, India (Hybrid)

Function: Finance / Treasury

Employment type: Full-time

Reporting Line: This role reports to the Treasury Lead and works closely with the broader Finance team, leadership, including the CFO, Controllers and FP&A.

About the Company

We are a fast-growing B2B marketplace with a global footprint across the US, Europe, India and APAC. We connect businesses, streamline complex Diamond/Gemstones/and Jewelry supply chains, and process high transaction volumes across multiple currencies and payment rails. As we scale, best-in-class treasury and cash management are critical enablers of our growth.

Role Overview

We are looking for a hands‑on, analytical and curious Treasury Associate with a strong interest in cash management, cash flow forecasting and working capital optimisation.

This role is ideal for someone who enjoys getting under the hood of how a business really works - investigating data, exploring underlying systems, understanding operational processes and connecting financial and operational drivers to actual and forecasted cash flows. We are looking for someone who is not afraid to roll up their sleeves and get into the details, seeing daily operations, investigations and problem‑solving as opportunities to learn and gain a deeper understanding of the business. You should be comfortable challenging numbers, identifying root causes of discrepancies and finding ways to improve how we work.

The role combines daily treasury operations with the development and continuous improvement of treasury reporting, forecasting and planning processes. As our Treasury function continues to evolve, you will have the opportunity to actively contribute to establishing new processes, developing ways of working and building the tools and reporting capabilities needed to support a growing global business. Not everything is in place today, so we are looking for someone who enjoys taking initiative, solving problems and helping build structure where it is needed.

You will help ensure cash is in the right place at the right time, maintain and improve short‑ and medium‑term cash flow forecasts, and support the optimisation of liquidity and working capital. This includes proactively identifying opportunities to improve cash efficiency across areas such as DSO, DPO, bank account structures, bank fees, interest and FX, and partnering with Finance and Operations to drive improvements. You will also work directly with our banking partners on day‑to‑day banking matters, payment investigations, KYC requirements and account administration, while supporting broader banking initiatives. Working with data across different systems, you will help improve visibility, accuracy and automation across treasury processes.

Based in Mumbai, you will work closely with the global Treasury team, FP&A, Accounting, FinOps and local business teams.

Key Responsibilities

• Cash Flow Planning & Forecasting:
  • Maintain, develop and continuously improve short‑term (daily/weekly, up to 13 weeks) and medium‑term (3‑12 months, monthly) cash flow forecasts across entities and currencies.
  • Analyse historical cash flows, operational drivers, business plans and financial data to develop reliable cash flow projections and identify trends and patterns.
  • Consolidate and validate inputs from AR/AP, FP&A, Operations, Tax and Payroll into a consistent and reliable treasury forecast.
  • Investigate discrepancies between underlying systems, source data and actual bank transactions to ensure data accuracy and completeness.
  • Monitor forecast versus actuals, investigate and explain variances, identify root causes and continuously refine forecasting assumptions and methodologies to improve accuracy.
  • Support scenario and sensitivity analysis to assess the liquidity impact of changes in collections, supplier payments, FX rates and other business drivers.
  • Contribute to developing and automating forecasting processes, improving data integration, reporting capabilities and ways of working to reduce manual effort and increase reliability.
• Liquidity & Cash Position Management:
  • Monitor and maintain daily global cash positions across banks, entities and currencies, ensuring accurate visibility of available liquidity and sufficient funds to meet operational requirements.
  • Plan, execute and monitor intercompany transfers, funding movements and cash concentration activities to ensure liquidity is available in the right accounts and currencies when needed.
  • Investigate cash movements, unexpected balances and discrepancies between bank transactions, treasury systems and underlying financial data.
  • Identify opportunities to optimise cash allocation across accounts, entities and currencies, reduce idle balances and improve overall liquidity efficiency.
  • Support the development and improvement of liquidity reporting, cash positioning processes and account structures, including opportunities for automation a