Treasury Manager

Siemens Mobility; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Siemens Mobility seeks an experienced Treasury Risk Manager to lead currency/commodity risk for Siemens India businesses. You will coordinate with project teams, supply FX rates, manage the hedge book, and advise on hedge accounting while promoting automation.

This role requires strong stakeholder collaboration across regional teams. Ideal candidates hold CA/CMA or MBA Finance with 7+ years in treasury/finance, SAP and MS Office proficiency, and a track record of process optimization and project

Qualifications

• Qualified CA or CMA or MBA Finance or related master's degree.
• 7+ years in corporate treasury/finance with FX/commodity risk exposure.
• Experience in process optimization and digitalization.
• Experience in project management delivering projects beyond daily tasks.
• Strong collaboration with multiple partners; stakeholder management.
• Good knowledge of accounting incl hedge accounting; SAP & MS Office proficiency.

Responsibilities

• Act as first point of contact for currency management tasks.
• Collate exposure, monitor hedge book, and coordinate rollovers/cancellations.
• Provide rates for offer calculations and monitor contingent exposures.
• Report monthly net FX position and quarterly hedging status.
• Advise on hedge accounting and embedded derivatives.
• Collaborate with regional teams to digitalize risk management processes.
• Execute FX deals with banks and exchanges to hedge exposures.

Skills

Currency risk management

FX hedging

Stakeholder management

SAP

MS Office

Process optimization

Digitalization

Project management

Financial analysis

Communication

Education

CA / CMA / MBA Finance

Tools

SAP

MS Excel

Job description

In country Reporting to: Head – Treasury Risk Management, South Asia

Functional Reporting to : Head – Risk Advisory within Global Treasury Risk Management (TRM) team based out of Germany

Coverage: Siemens Ltd, India’s all businesses: Digital industries, Smart

Infrastructure,Mobility& Siemens Group Companies

Job Description: -

• First point of contact for all Currency Management tasks for businesses; Support the Business/Project Commercial Managers in the identification of foreign currency risks & 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 & hedging Balance sheet exposures in line with Siemens 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 & commodity exposure & 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 & other regional currency management teams outside India, implement standard methodologies, with a clear focus on digitalization & automation
• FX Dealing:
• Executing deals with banks and exchanges to hedge Siemens’ Fx & commodity exposure and managing Siemens’ hedge book

o Demonstrating proficiency and adhering to market best practices in all dealings in the market

• Managing reporting requirements in line with Central bank regulations and Siemens internal guidelines
• Continuously monitor and improve the existing Fx & 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

We don’t need superheroes, just super minds

• You are a qualified Chartered Accountant or Cost Accountant or have completed a university Master’s degree in business administration (with specialization in finance) or a similar field
• You bring at least 7+ years of professional experience in a corporate treasury/finance environment, preferably in areas of foreign exchange & commodity risk exposure management and/or business commercial / project finance
• Experience in crafting and optimizing processes is required, preferably within a digitalization & automation context
• Experience in project management by delivering projects by yourself beyond daily operational tasks
• 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 & MS office suite