Job description

Key Areas of Responsibility:

Currency Risk Management

First point of contact for all Currency Management tasks for business; 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 business, 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 business 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 board of Siemen 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

Insurance Risk Management

Overseeing all the Insurable risks and the management of the insurance service providers
Governance
Providing guidance to business on Insurance regulations and optimal coverage
Defining and maintaining a processes that would ensure quick reporting and settlement of claims
Ensuring that company always adheres to the insurance related regulations
Placement of insurable risk in external market, in a transparent and cost effective manner, in alignment with the group policy and with the support of the insurance broker; Ensuring timely payment of insurance premium; Supporting internal stakeholders in identification of new risks and avoid over, under or multiple insurances
Ensuring speedy settlement of claims

Pension Management

Performance monitoring of pension related asset managers and controlling funding of pension plans
Supporting the actuarial valuation process for pension and employee benefit plans, as required

Qualification/ Experience:

Chartered Accountant I Master's in business administration or equivalent from a reputed institution - with strong academic pedigree
Minimum 8-12 years of relevant experience in corporate treasury/finance environment, preferably in areas of foreign exchange & commodity risk exposure management and/or business commercial / project finance; Experience in Insurance and Pensions will be preferred
In-depth knowledge of currency & commodity markets, Indian central bank guidelines, and Treasury & risk management practices & processes plus Insurance regulations and markets
Proficiency in MS Office suite & Treasury Management Systems plus working knowledge of SAP; Adept in quickly understanding and working in customized IT tools at Siemens Treasury

Senior Manager - Treasury