Assistant Manager - Treasury Accounting

About the Role

Our client, a prominent UK-headquartered digital services firm with a global presence, is seeking an Assistant Manager for Treasury Accounting. This role is crucial for supporting day-to-day treasury operations, ensuring accurate and timely cash positioning, liquidity forecasting, payment governance, and treasury accounting. You will collaborate with Group Finance, Business Units, and Banks to execute processes that safeguard cash, optimize liquidity, and maintain robust control compliance. The company operates across various industry verticals including BFSI, Utilities, Telecom, Health, Retail, and Transport, with development centers in the EU, India, Poland, and Ireland.

Key Responsibilities

• Manage and oversee treasury accounting activities, including the accounting and reporting for financial instruments and treasury transactions.
• Ensure strict adherence to all applicable accounting standards and internal treasury policies.
• Prepare daily cash positions, reconcile previous day balances, and meticulously track cash movements and any variances.
• Conduct thorough reviews of FX Valuation Analysis and interest calculations within IT2.
• Update short-term liquidity forecasts and validate assumptions with Business Unit Finance teams.
• Compile payment runs, perform maker checks, and ensure all payments adhere to dual approval policies and cut-off times.
• Guarantee compliance with IFRS 9 and other relevant accounting standards for all treasury transactions, covering recognition, measurement, and disclosure of financial instruments.
• Provide support for the accounting and reporting of PPN, RCF, swaps, hedges, and other derivative instruments, ensuring accurate valuation, proper documentation, and adherence to hedge accounting policies.
• Maintain payment mandates, signatory lists, and bank account master data with stringent change control procedures.
• Coordinate bank fee analysis, escalate any exceptions, and assist with KYC/mandate amendments.
• Support intercompany cash pooling sweeps and track the mechanics of notional/physical pools.
• Capture simple FX deals and rollovers under guidance, record settlements, and prepare deal summaries.
• Assist with intercompany funding requests and associated interest calculations.
• Post month-end entries, including interest accruals, bank charges, and cash pool interest.
• Reconcile treasury general ledgers to bank statements and sub-ledgers, resolving any discrepancies with Bank Reconciliation.
• Operate key internal controls such as maker-checker, access reviews, and limit checks.
• Maintain evidence packs in line with Group Standards, RACM, and SOPs, and prepare audit support files.
• Document Standard Operating Procedures (SOPs), identify opportunities for automation (e.g., Power Query, SAP integration), and contribute to Management Information (MI) dashboards for cash variances and forecast accuracy.

Mandatory Skills & Experience

• Strong hands-on experience with IFRS 9 (Financial Instruments).
• Proficiency in accounting and reporting of Financial Instruments.
• Experience in in-house Corporate Treasury Operations.
• Solid understanding of Treasury Accounting and related financial reporting processes.
• Knowledge of current regulations, including IFRS 9, UK GAAP, and Companies Acts.
• Excellent knowledge of SAP and payment platforms, cash pooling, and FX concepts.
• Strong financial, analytical, communication, and project management skills.

Preferred Industry Background

• Experience within the Manufacturing or Textile industries is highly preferred.
• Professionals from these sectors should have experience managing in-house corporate treasury functions.

Additional Information

• This role requires candidates to be based in Pune or Mumbai due to the need for frequent office visits.
• The client is a global digital transformation and IT services organization headquartered in Nordic countries, focusing on enterprise-wide modernization beyond SAP. Their services include AI-led transformation, cloud services, data & analytics, cybersecurity, and digital engineering.