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

Siemens

8 - 12 years

8 - 12 Lacs

Mumbai Maharashtra India

Posted:13 hours ago| Platform: Foundit logo

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Skills Required

Insurance hedge accounting Business Analysis Currency Management Risk Management

Work Mode

On-site

Job Type

Full Time

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

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