Mumbai, IND
1 day ago
Senior Manager - Treasury (Currency Risk, Insurance & Pensions)
Job Family: Financing Req ID: 467227 Role : Treasury Professional – South Asia Coverage Product line: Currency Risk Management, Insurance & Pensions Geography: Siemens Energy business in India, Bangladesh, Sri Lanka, Nepal & Bhutan Ke y Areas of Responsibilit y: 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/ Ex perience: · 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 Competencies : + inter-personal skills are must to have + 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 stakeholders’ expectations; Intense collaboration with the businesses will be the key + Basic knowledge of accounting incl hedge accounting required
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