Treasury Manager

About our client : First established in 1991, It's an independent British brand that is currently one of the fastest growing in the European automotive industry.

Budget of the Position : 20 LPA MAX

Job Specification : Head of Treasury (Baroda, India)

An opportunity for an experienced treasury professional to lead cashflow planning, foreign exchange management, and treasury operations for a growing multinational company in the distribution sector.

Role Overview

The Head of Treasury will be the operational lead for all treasury activities in our Baroda office, overseeing cashflow forecasting & liquidity management, supplier payments, and foreign exchange (FX) risk management. This senior role will report to the Group Finance Manager (based in the UK) with a dotted line to the Group Finance Director (CFO), and will lead the India treasury team within our finance department. The new hire will take full ownership of day-to-day treasury operations – currently handled by a local team leader – and will also drive strategic treasury planning (cashflow modeling, working capital optimization, etc.) that has so far been managed by the CFO. This means the person must be capable of independent decision-making in treasury matters and proactive in providing insights and recommendations on cash management. Industry experience in a stock-intensive or distribution business is highly preferred, as the role involves managing cash tied up in inventory and ensuring efficient working capital cycles. The ideal candidate will combine hands-on operational skills with strategic thinking and strong people leadership.

Reports To : Group Finance Manager (UK) and Group Finance Director / CFO (UK)

Team : Leads the India-based treasury sub-team (as part of a 7–8 person finance team in India) and collaborates with UK finance colleagues.

Key Responsibilities

• Cashflow Forecasting & Liquidity Management : Develop and maintain accurate short-term and long-term cash flow forecasts for the group, factoring in all inflows / outflows across our global operations. Monitor daily cash positions and ensure sufficient liquidity is available for operational needs and strategic initiatives. Effectively allocate payments and inter-company fund transfers, considering cost of finance and optimizing use of credit facilities.
• Foreign Exchange (FX) and Risk Management : Oversee multi-currency cash balances and manage the company’s foreign exchange exposure. Implement hedging strategies or forward contracts as needed to mitigate FX risks arising from international transactions. Provide guidance on currency risk related to imports, exports, or any global financing, ensuring that global FX requirements are handled efficiently.
• Treasury Operations & Controls : Supervise all day-to-day treasury operations, including supplier payments, banking transactions, and trade finance activities. The Head of Treasury will ensure that payment processes are smooth and secure – e.g. verifying that supplier bank details and approvals follow company policy– and that cash is managed in compliance with internal controls and audit requirements. This includes maintaining segregation of duties in payment processes and reviewing treasury documentation for accuracy. Coordinate with accounts payable and procurement teams to improve payment timing and to build strong supplier relationships, since effective communication with vendors and internal business units is key to managing cash outflows.
• Working Capital & Financing : Work closely with the finance and inventory (stock) teams to optimize working capital. Monitor stock levels and debtor / creditor days to anticipate cash needs. Manage short-term investments or credit line drawdowns to ensure cash is utilized or raised optimally for the business. While the Group CFO will continue to handle high-level banking relationships and financing strategy, the Head of Treasury will interface with banks for operational matters (e.g. executing forex transactions, coordinating loan drawdowns or repayments, handling bank documentation) and ensure the company meets all compliance requirements for treasury operations in India.
• Reporting & Strategic Planning : Prepare and present weekly (and ad-hoc) cashflow reports and treasury updates to senior management (Group Finance Manager and CFO). Provide insights on variances, highlight potential cash shortfalls or surpluses, and recommend actions (such as adjusting payment schedules or hedging currency exposures). Contribute to financial planning by providing cashflow projections for budgets and scenarios. The person is expected to “think ahead” on the company’s cash position and proactively advise on improving treasury effectiveness (e.g. suggesting process improvements or new tools for cash management).
• Team Leadership & Development : Lead the treasury team in Baroda, currently consisting of a team leader and support staff (total ~3–4 people). Set clear objectives and KPIs for the team, and provide coaching and mentorship to develop their skills. As the head of this function, foster a culture of accuracy, diligence, and continuous improvement in the team. Ensure cross-training and documentation of treasury processes so that the function is robust and not reliant on any single individual. The Head of Treasury will also coordinate closely with the UK finance team and other departments (e.g. management accounts, procurement) to ensure alignment and share best practices. Strong people management is essential – the individual should be able to motivate the team, manage workload distribution, and handle performance discussions.

Candidate Requirements – Experience & Skills

Summary of Role Requirements :

Key Responsibilities (Operational and Strategic) :

Required Experience & Skills (Candidate Profile) :