Treasury Manager

About our client: First established in 1991, It's an independent British brand that is currently one of the fastest growing in the European automotive industry.

Budget of the Position: 20 LPA MAX

Job Specification: Head of Treasury (Baroda, India)

An opportunity for an experienced treasury professional to lead cashflow planning, foreign exchange management, and treasury operations for a growing multinational company in the distribution sector.

Role Overview

Head of Treasury

Reports To:

Team:

Key Responsibilities

• Cashflow Forecasting & Liquidity Management:

  Develop and maintain accurate short-term and long-term cash flow forecasts for the group, factoring in all inflows/outflows across our global operations. Monitor daily cash positions and ensure sufficient liquidity is available for operational needs and strategic initiatives. Effectively allocate payments and inter-company fund transfers, considering cost of finance and optimizing use of credit facilities.

• Foreign Exchange (FX) and Risk Management:

  Oversee multi-currency cash balances and manage the company’s foreign exchange exposure. Implement hedging strategies or forward contracts as needed to mitigate FX risks arising from international transactions. Provide guidance on currency risk related to imports, exports, or any global financing, ensuring that global FX requirements are handled efficiently.

• Treasury Operations & Controls:

  Supervise all day-to-day treasury operations, including

  supplier payments, banking transactions, and trade finance activities

  . The Head of Treasury will ensure that payment processes are smooth and secure – e.g. verifying that supplier bank details and approvals follow company policy– and that cash is managed in compliance with internal controls and audit requirements. This includes maintaining segregation of duties in payment processes and reviewing treasury documentation for accuracy. Coordinate with accounts payable and procurement teams to improve payment timing and to build strong supplier relationships, since effective communication with vendors and internal business units is key to managing cash outflows.

• Working Capital & Financing:

  Work closely with the finance and inventory (stock) teams to optimize working capital. Monitor stock levels and debtor/creditor days to anticipate cash needs. Manage short-term investments or credit line drawdowns to ensure cash is utilized or raised optimally for the business. While the Group CFO will continue to handle high-level banking relationships and financing strategy, the Head of Treasury will

  interface with banks for operational matters

  (e.g. executing forex transactions, coordinating loan drawdowns or repayments, handling bank documentation) and ensure the company meets all compliance requirements for treasury operations in India.

• Reporting & Strategic Planning:

  Prepare and present weekly (and ad-hoc) cashflow reports and treasury updates to senior management (Group Finance Manager and CFO). Provide insights on variances, highlight potential cash shortfalls or surpluses, and recommend actions (such as adjusting payment schedules or hedging currency exposures). Contribute to financial planning by providing cashflow projections for budgets and scenarios. The person is expected to “think ahead” on the company’s cash position and proactively advise on improving treasury effectiveness (e.g. suggesting process improvements or new tools for cash management).

• Team Leadership & Development:

  Lead the treasury team in Baroda, currently consisting of a team leader and support staff (total ~3–4 people). Set clear objectives and KPIs for the team, and provide coaching and mentorship to develop their skills. As the head of this function, foster a culture of accuracy, diligence, and continuous improvement in the team. Ensure cross-training and documentation of treasury processes so that the function is robust and not reliant on any single individual. The Head of Treasury will also coordinate closely with the UK finance team and other departments (e.g. management accounts, procurement) to ensure alignment and share best practices. Strong people management is essential – the individual should be able to motivate the team, manage workload distribution, and handle performance discussions.

Candidate Requirements – Experience & Skills

• Treasury Experience:

  Approximately

  10+ years

  of progressive experience in corporate treasury or financial management roles, with significant time at a multinational company. Experience working in or with

  distribution, manufacturing, or inventory-heavy businesses

  is highly desirable, as it implies familiarity with managing working capital and stock-related cashflow. Candidates should have a proven track record of taking ownership of cashflow planning and treasury operations in an international context. (Note: Typical Head of Treasury roles in India are held by professionals with 10–20+ years of experience.)

• Technical Skills:

  Demonstrated expertise in

  cashflow forecasting and financial modeling

  – the candidate should be able to build and interpret complex cashflow models (e.g. 13-week cash forecasts, long-term liquidity plans) and present scenarios to management. Strong knowledge of

  foreign exchange management

  is required, including practical experience with FX markets, hedging instruments, and understanding of global FX regulations. Familiarity with banking instruments (credit facilities, guarantees, import/export financing) and

  treasury management systems

  or advanced Excel skills is expected.

• Strategic Thinking & Initiative

• Leadership & Communication

• Educational Background:

  A bachelor’s degree in finance, Accounting, or a related field is required. An advanced qualification is

  preferred

  but not mandatory – e.g. an MBA or professional certifications such as

  Chartered Accountant (CA)

  ,

  Chartered Financial Analyst (CFA)

  , or a treasury qualification (ACT Certified Treasury Professional, etc.) would be an advantage. The focus is on practical experience, but relevant qualifications can underscore the candidate’s knowledge base.

• Integrity and Compliance:

  Given the critical nature of this role, the candidate must have a strong sense of integrity and understanding of compliance in finance. Experience implementing or adhering to robust

  treasury controls

  (e.g. segregation of duties, bank authorization limits, compliance with FX regulations like RBI guidelines in India) will be valuable. They should demonstrate a meticulous attention to detail to avoid errors in payments or forecasting.

Summary of Role Requirements:

Key Responsibilities (Operational and Strategic):

• Cashflow & Liquidity Planning: Own the cash flow forecasting process; manage daily liquidity and weekly/monthly cash projections. • FX & Risk Management: Handle multi-currency cash management and implement FX hedges to mitigate currency risk. • Treasury Ops & Controls: Oversee supplier payments, banking transactions, and ensure strict compliance with treasury controls. • Team Leadership: Lead and mentor the Baroda treasury team; coordinate with UK finance for group-wide treasury matters.

Required Experience & Skills (Candidate Profile):

10+ years