NicheHR Global
Website:
nichehrglobal.com
Job details:
Treasury Manager – India
Location: Mumbai
Job Purpose
The Treasury Manager – India will oversee liquidity, funding, cash management, working capital optimization, FX risk management, and financial risk governance. This role will ensure the business has adequate financing, strong hedging practices, and robust risk management to support country business operations and growth initiatives.
Key Responsibilities
Liquidity & Cash Flow Leadership
- Lead consolidation and reconciliation of daily cash balances across all entities
- Lead weekly and rolling 13-week cash flow forecasting and daily liquidity management across bank accounts
- Define and monitor minimum liquidity buffers to ensure financial stability
- Manage banking relationships, credit facilities, fund raising (including trade finance) and cash pooling arrangements, credit rating agencies and financial institutions
- Optimize intercompany funding structures and internal cash deployment to ensure efficient liquidity utilization
Funding & Banking Strategy
- Oversee all Indian credit facilities (WC lines, borrowing-base, LCs/SBLCs, bank guarantees) including headroom tracking and covenant compliance
- Lead facility restructuring, optimization, and pricing negotiations with Indian banks
- Strengthen banking strategy by expanding and diversifying the lender pool
Foreign Exchange (FX) & Risk Management
- Monitor INR exposure across procurement and sales flows and execute FX hedging strategies in line with policy
- Provide FX sensitivity analysis and stress testing to support risk-informed decisions
- Establish risk management policies for credit exposures, interest rate management and ensure compliance with RBI and FEMA regulations
Trade Finance & Working Capital
- Monitor credit line utilization during peak procurement, optimize LC structures (issuance, confirmation, tenor), and proactively address seasonal funding bottlenecks
- Drive improvements in AR, AP, inventory financing, and overall working capital efficiency in coordination with finance and operations
- Implement treasury systems and partner with cross-functional teams to enhance cash visibility and enforce working capital discipline
Risk Governance & Compliance
- Ensure adherence to treasury policy, strengthen treasury governance, and oversee payment controls and bank mandate management
- Manage lender reporting, audit support, counterparty risk, credit insurance, and banking compliance
- Support on debt capital market initiatives, long-term funding strategy, and Treasury Management System implementation
Leadership & Collaboration
- Build and lead a high-performance treasury team
- Collaborate closely with finance controllers, FP&A, and commercial teams
- Provide treasury insights to country and vertical leadership
Requirements
- CA/Chartered accountant
- Treasury and risk management experience, with 6 – 10 years in a leadership role
- Strong expertise in FX, cash management, corporate finance and understanding of RBI regulations; expert in transaction & multiple banking
- Proven experience in managing Indian banking, Financial Institutions, Credit Rating agencies
- Exposure to commodities, trading, or food production business sectors is preferred
- Experience in treasury management systems and SAP integration, managing working capital lines and LCs
- Strong analytical and financial modelling skills
- Strategic thinker with practical execution ability
- Excellent stakeholder management and negotiation skills
- Ability to manage across multiple geographies and cultures
- Strong leadership and team-building capabilities
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