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Local Finance & Treasury Officer (PL08)

Job Description

Looking for New opportunities in Flender India, Siemens? We have got you covered. We are looking for individuals like you who will help us change the face of Flender India for our Portfolio Companies!

Education

Degree in Finance/Economics

Experience Requirements:
  • Degree in Finance/Economics or comparable or 8 – 10 years’ experience in accounting or controlling of an international company
  • Minimum 3 years’ experience in Cash and Treasury Management tasks in an international environment
Skills Required:
  • Knowledge on treasury transactions, payment instruments, instruments for FX risk management and guarantees
  • Working knowledge in SAP FI functions (A/P, A/R, G/L and bank accounting, including payment runs and bank statement processing)
  • Working knowledge with Treasury Management systems for transaction administration. Experience with trading platforms is a plus.
  • Good understanding of commercial processes in general
  • Candidates should have good communication skills
  • Business fluent (written and verbal) in English
Key Areas of responsibility: MAIN TASKS:

Payments

  • Coordination and/or preparation of payments using SAP ERP systems functionality (SAP FI functions including payment runs F110 and resulting accounting)
  • Preparation and/or coordination of handling of special payments transactions (Tax, HR, social contributions, etc.) considering specific requirements in payments timing, initiation and handling
  • Administration of local payment instruments (e.g. China BADs) using SAP and Treasury systems to ensure transparency on positions and risk
  • Obtaining approvals and implementing and monitoring operational payment runs (outgoing payments, bulk payments)
  • Initiating and preparation of settlement of concluded local treasury transactions and obtaining of authorizations
  • Cooperation in the further development of digitalization and automation of payment processes

Liquidity Management (short- and long-term)

  • Information gathering on expected in- and outflows and preparation of daily liquidity needs/surplus
  • Daily account clearing calculation, considering established cash pool structures and initiation of manual bank clearing transfers
  • Preparation of a monthly rolling cash flow forecasts using ERP information (A/P, A/R) as well as internal controlling information on budgets, payment terms and historical cash flow profile of in- and outflows
  • Reporting on liquidity development according to Group Treasury guidelines (Cash Pool liquidity, short- and long-term forecast, deviation analysis)
  • Use of Treasury Management System functions for Liquidity Management issues

Bank contacts

  • Maintaining contacts with the local bank(s) in operational matters in coordination with Group Treasury (e.g. account opening, KYC, changes in signatories, cash pooling, etc.)
  • Initiation, processing and monitoring of investigations on all operational issues (payments, treasury transactions, etc.)
  • Maintaining of bank account master data in the central database
  • Control of paid bank fees and checking for compliance with the agreed terms

FX-Risk Management and Treasury Transactions

  • Analysis of the origin and structure of risk positions and the related risk horizon in coordination with Group Treasury and reporting according guideline
  • Conclusion of FX-hedging transactions (derivatives) according to the Group Treasury guideline
  • Handling and administration of contracted treasury transactions in the Treasury Management system
  • Fulfillment of local regulatory requirements

Guarantee Management

  • Handling of the guarantee application process and internal coordination of content, design and text of guarantees in narrow coordination with Group Treasury
  • Ongoing management of the life cycle of a guarantee and reconciliation with and reporting to Group Treasury
Headline Call to action

We would be happy to welcome you to our Siemens Family, please feel free to apply on the website. If shortlisted, we will be calling you for next steps soon.

You will be performing this from Chennai-Chettipedu location, where you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.

We’re Siemens. A collection of over 377,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality and we welcome applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and creativity and help us shape tomorrow!


Organization: Portfolio Companies

Company: Siemens Limited

Experience Level: Experienced Professional

Job Type: Full-time

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