Corporate Treasury- FX, Commodity Risk & Cash Management

Location(s)

- Mumbai - Maharashtra - India

A Snapshot of Your Day
Siemens Energy India Limited aims to be a pure play energy company along the energy technology and service value chain with a comprehensive and differentiated product portfolio of solutions and services. We aim to be one of the valued energy technology companies supporting its customers in transitioning to a more sustainable world through sustainable energy systems. Comprehensive portfolio of products, solutions, and services designed to strengthen and expand grid infrastructure, addressing the growing demand while ensuring grid stability amid the integration of renewable energy sources, supported by Project Management hubs. How you'll make an impact Cash Management and Payments
• Liquidity planning and management- Cash flow forecasting and managing liquidity, placement of surplus/deficit in Deposits/ICDs/Overdrafts in line with the internal policies, limits and external regulations while ensuring adherence to best market practices and optimizing returns. Prepare MIS reports to support effective cash management. • Managing treasury initiatives like Supply chain Financing for Vendors / Dynamic Discounting- Liaison with Business, Supply Chain, IT, Banks and managing the process end to end. • Bank Partner management- Maintaining and controlling Bank Accounts, Limits and Documentation. Ensure that all banks have proper and timely documentation in place. Monitor and control signatories on all bank accounts and ensure that internal control and compliance requirements are always fulfilled - Record keeping on all resolutions and changes/ updating on control parameters/ reconciling the accounts with internal records on a continuous basis/ ensure exceptions are controlled and approved/ Bank accounts are not subject to misuse etc. • Creating Best in class Payment infrastructure for the company to effectively enable business.
Dealer – FX and Commodity Risk management
• Managing SEIL’s hedge book for currencies and Commodities with Banks and exchanges. • Managing reporting requirements in line with the regulations of the Central bank and Siemens internal guidelines. • Determining offer exchange calculation rates, monitoring contingent FX risks, advise on contractual wording related to foreign currency risk and execute hedges. • Continuously enhancing existing FX management processes and implementing corporate guidelines • Advisory services to the Business related to the design of the processes and to complex issues in daily business.
We don’t need superheroes, just super minds
What you bring
• 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 10+ 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 small projects by yourself beyond daily operational tasks • Ability to manage multiple partners’ expectations. Intense collaboration with the business will be the key • Basic knowledge of accounting incl hedge accounting required. Proficient in SAP & MS office suite
Make your mark in our exciting world at SEIL
This role is based in Airoli- Navi Mumbai. But you’ll also get to visit other locations in India and globe, so you’ll need to go where this journey takes you. In return, you’ll get the chance to work with teams impacting entire cities, countries, and the shape of things to come! A collection of minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and we encourage applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and creativity and help us craft tomorrow.