Senior Manager/Chief Manager - Forex & Treasury

Role & responsibilities

The role will be responsible for managing Forex and Commodity Risk at a consolidated level for the Company and its subsidiaries. The incumbent will drive hedging strategies, ensure regulatory compliance, support Board reporting, and implement effective risk mitigation practices aligned with organizational objectives.

This position requires strong analytical capabilities, stakeholder management skills, and exposure to enterprise-level treasury operations.

Key Responsibilities

Forex & Commodity Risk Management

- Manage Forex and Commodity risk exposure at consolidated level (Company + subsidiaries).

- Monitor currency and commodity markets and recommend hedging strategies.

- Analyze monthly Forex gain/loss and suggest corrective risk mitigation measures.

- Provide inputs to tender team on currency forecast and protection strategies for L1 projects.

Hedging & Banking Operations

- Execute hedging transactions with banks and commodity brokers in India and overseas.

- Manage raising and rollover of Forex loans.

- Ensure compliance with RBI and other regulatory guidelines.

- Maintain relationships with banks, brokers, and financial institutions.

Hedge Accounting & Documentation

- Prepare hedge effectiveness documentation as per accounting standards.

- Coordinate with Accounts and Audit teams for hedge accounting compliance.

- Manage monthly closing activities for Forex & Commodity transactions.

- Ensure adherence to IND AS / IFRS (as applicable).

Reporting & Board Exposure

- Prepare and present consolidated Forex & Commodity exposure reports for Board Meetings.

- Prepare relevant notes and disclosures for Annual Report.

- Provide analytical insights and risk commentary for leadership review.

Audit & Compliance

- Manage Quarterly Audit, Forex Certificate, UFCE Certificate.

- Ensure timely completion of Statutory and Internal Audits.

- Coordinate with auditors for documentation and clarifications.

- Ensure proper control framework around treasury operations.

Working Capital & Site Review

- Review FC balances at sites and analyze reasons for surplus balances.

- Recommend and implement repatriation strategies where applicable.

- Monitor cash flow impact of currency fluctuations.