Associate Manager - FX - COE - CA

Job Title: Associate Manager

Reporting: Reports to Treasury Manager

Designation: Associate Manager FX CoE

Qualification : CA

Key Responsibilities

- Support the Business Commercial Managers in the identification of foreign currency risks & advise on mitigation of such risk.

- Tracking of exposures in key commodities including formulating hedging policies, recommending timely hedges including new approaches to commodity hedging

- Should have sound understanding of reconciliation of commodity position of various commodities with equivalent currency hedge.

- Should be able to review Cash balance of various accounts and check impact on overall FX Position.

- Reconciliation of Trader Position with Broker statement and raise an alarm in case of mismatch to respective parties.

- Track movement of open contracts and washouts

- Review open contracts for various commodities and ensure equivalent currency hedge.

- Provide recommendations in case of overall FX position is not with in permissible limits.

- Devising hedging strategy and executing the FX trades with internal traders.

- Highlighting forex risk & market opportunities and updating the FX P&L in a timely manner.

- Allocation of FX hedges to underlying exposure and settlement of derivatives on maturity

- Should possess analytical skills and attention to detail managing voluminous data

- MIS & Presentations to senior management

- Strong understanding of derivates (commodities and FX)

- Should possess good understanding of ERP (SAP) and its T-codes, Excel, FX all

- Should be able to understand and track FX movements in different segments like inventory, purchase, invoicing, spends etc.

- Should have understanding different sub-ledgers and general ledger and chart of accounts

- Reporting of Cash position to senior management

- Calculation of MTM on Hedges & Derivatives

Additional responsibilities:

- Identify ideas for process improvement utilizing industry leading practices

- Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future

Educational Qualification & Skills required:

- Chartered Accountant with an experience of 4+ years

- Experience in Commodity/FMCG Companies will be an added advantage

Essential:

- Good knowledge of concepts and procedures related to Hedge accounting & reporting

- Ability to provide high quality level of customer service of FX/ Hedges / M2M

- Dealt in multiple currencies of FX, FX exposure reporting

- Good understanding of derivative market will be an added advantage

- Ability to work independently, efficiently and deliver high quality output under time pressure

- Independent and meticulous with figures

- Strong written & oral communications skills in English. Knowledge of Asia languages added advantage.

- Strong problem solving & organization skills

- Experience in managing people and processes through a sustained period of change

- Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)

- Experience in ERP/ Accounting systems/SAP/Online Banking Portlas Distinct Advantage

- Experience working in a similar Shared Services Centre setup a distinct advantage

- Experience in processing of high volumes of transactions

- Experience in SAP, workflow tools and document imaging systems

- Willing to work in different shift timings including US shifts