Treasury Controller

Role Purpose

The Treasury Controller will provide endtoend backoffice support to Group and Regional Treasury teams, ensuring accurate calculation, reconciliation, reporting, and control of interest, FX, liquidity, and treasuryrelated P&L. The role is critical in ensuring integrity of treasury numbers, timely MIS, and alignment between treasury calculations and accounting records.

Key Responsibilities

1. Interest, Financing & Cost Calculations

• Calculate and validate interest expense on external/IC borrowings, including term loans, revolving credit facilities, bonds, WC facilities and other debt instruments.
• Compute estimated interest income on deposits, money market instruments, intercompany placements, and other treasury investments.
• Calculate factoring costs, including discount charges, interest components, and related fees, and reconcile them with bank / factor statements.
• Estimate and track finance charges
• Prepare IC loan roaster and monitor interest rates & quantify FX risk on these loans.

2. FX Revaluation & Market Valuations

• Calculate foreign exchange revaluation gains / losses on:
• Realized FX exposures
• Unrealized FX exposures arising from balance sheet items
• Perform marktomarket (MTM) valuation of FX derivatives, including forwards, swaps, and other hedging instruments, covering:
• Realized gains / losses on settled derivatives
• Unrealized MTM movements on open positions

3. Reconciliation & Accounting Interface

• Reconcile interest income, interest expense, FX gains/losses, and derivative MTM as per treasury calculations with accounting records. Also perform actual vs Budgeted Finance cost.
• Investigate and resolve reconciliation differences in coordination with relevant stakeholders
• Support monthend, quarterend, and yearend close activities related to treasury.

4. Liquidity & Cash Position Reconciliation

• Reconcile liquidity and cash positions across: Regional treasuries ,Business platforms & Grouplevel consolidated cash positions
• Ensure consistency between Bank statements, Treasury management system (TMS) & ERP / accounting systems

5. Market Desk & Treasury P&L Monitoring

• Monitor and report P&L of the treasury / market desk
• Prepare periodic variance analysis explaining drivers of treasury P&L movements.

6. Reporting, MIS & Disclosures

• Support preparation of regular treasury MIS, dashboards, and management reports,
• Assist in preparation of financial statement disclosure notes
• Provide data and analytical support for internal audits, external audits, and regulatory reviews.

Key Skills & Experience

• Strong understanding of treasury operations, FX, derivatives, and interest calculations
• Solid accounting knowledge, especially financial instruments and FX accounting
• Excel skills; exposure to Treasury Management Systems (TMS) and ERPs is a plus
• Ability to work across time zones and coordinate with global stakeholders
• Strong control mindset and comfort working in a shared services environment
• 3 to 4 years of experience in treasury operations, controllership, or GBS treasury support
• Prior exposure to global or regional treasury environments preferred