Senior Executive- Treasury Specialist Back Office

Job Title: Senior Executive- Treasury Specialist Back Office

Location : Bangalore

ABOUT UNILEVER:

Every individual here can bring their purpose to life through their work. Join us and you ll be surrounded by inspiring leaders and supportive peers. Among them, you ll channel your purpose, bring fresh ideas to the table, and simply be you. As you work to make a real impact on the business and the world, we ll work to help you become a better you.

ABOUT UNIOPS:

Business Context and Main Purpose of the Job :

Unilever world s most successful, purpose-led business looking for strengthening its future-fit team to drive sustainable business through superior performance, consistently delivering financial results in top third of our industry.

UniOps (Erstwhile Unilever Enterprise & Technology Solutions (ETS)) is a global business unit that will manage the company s shared business services, made up of HR Services, Finance Transactions, IT services, Information Management Services and Workplace Services.

Mission - To provide excellent services globally which enable Unilever to win in the market by

• putting the business goals at the heart of what we do

• leveraging cost-effective, best practice, global solutions across Unilever to meet users needs

• making continuous improvement in both cost and service an integral part of our way of working

• building a professional services organisation that enables our people to give their best

• developing win-win relationships with selected providers to meet our current and future requirements.

The key benefits from UniOps are expected to be:

• Lower cost of delivery through standardisation, simplification, process harmonisation & scale leverage.

• Better user experience by delivery of integrated service bundles to end-user.

• Continuous improvement through end-to-end process ownership.

Within the service catalogue of UniOps, Commercial Experience organisation is responsible for the management and delivery of finance and supplier services globally, both through third-party outsourced providers (e. g. , IBM, Capgemini) and through in-sourced operations.

The treasury reporting and control back-office team is part of treasury expertise operations with in larger Commercial Experience organisation is responsible for all settlements, reconciliations, and management of all Treasury related banking activities at Unilever. Back Office also takes care of monthly current account interest rates management and settlement of all intercompany entities within Unilever with the inhouse bank. In addition, the team is also responsible for maintenance, monitoring and critically controlling any new bank account additions to the Treasury system. It is also responsible for Sox and other process controls by constantly assessing the risk to Unilever and maintaining Service Level Agreements (SLAs) between the inhouse bank and the operating entities in Unilever.

Key activities summary: Treasury Back Office

• Working under supervision of the manager, responsible on daily basis to ensure On time in full settlements of all treasury trades that include

  • Bonds and Commercial Papers settlements including periodic interest settlements

  • FX derivatives and MM trades with external counterparties

  • Intercompany settlements like loans, interests, payments, derivates

  • Intra entity bank to bank transfers

• Responsible for Trade Confirmations using SWIFT MT channels and emails with counterparties

• Daily Bank reconciliations to match all cashflows from the Treasury system to the bank statements and ensure all timely resolution of all open items.

• Support Master data setup and maintenance of clients and counterparties, MT940 interfaces, bank account setups

• Regulatory reporting of derivatives like EMIR

Main Accountabilities

• On time and in full settlements and confirmations of all Treasury transactions (zero tolerance to error)

• Daily reconciliations of all treasury related bank accounts maintaining zero open items

• Completing all audits with zero non-conformances for internal, external, SOX audits

Resources -Individual Contributor.

Key Contacts - Global Front office, Unilever countries and their Treasury personnel that are serviced by Global Treasury BO, Business Partners, 3P service providers, External and internal auditors.

Key Skills required

• Basic understanding of a trade lifecycle of FX/MM trades

• Understanding of Global banking operations including payments and confirmation channels via SWIFT e. g. MT103, MT202, MT300, MT320 etc

• Business partnering skills while ensuring service mindset within the team

• Ability to apply professional knowledge in developing better robust processes.

• Assertive and pro-active attitude and cultivates a willingness to learn within the team

• Demonstrated ability to work with a range of technically and culturally diverse people

• Ability to work under strict non-negotiable timelines

• Ability to take quick and correct actions in emergency situations

Relevant Experience

• Min 3 years of experience in Investment Bank s treasury back-office operations / Large MNC Corporate Treasury back office

• Minimum Professional qualification of Graduate from Commerce/finance stream.

• Working knowledge of Wallstreet Treasury Suite or similar treasury is desirable but not mandatory

• Strong on knowledge of SWIFT payments and confirmation methods for FX/MM

• Demonstrated ability of working in a complex environment with global stake holders

A t HUL, we believe that every individual irrespective of their race, colour, religion, gender, sexual orientation, gender identity or expression, age, nationality, caste, disability or marital status can bring their purpose to life. So apply to us, to unleash your curiosity, challenge ideas and disrupt processes; use your energy to make the world a better place. As you work to make a real impact on the business and the world, we ll work to help you become a better you!