Senior Manager - Treasury (Currency Risk, Insurance & Pensions)

Job description

• 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