Job Description: Associate (Treasury)

Department: Treasury

Location: Bengaluru, Karnataka

Reports To: Treasury Partner, F&L;

Role: Client Deputation

About the Role

The Associate – Treasury will oversee store-level retail treasury operations, end-to-end foreign currency trade payments (A1 payments), vendor relationship management, and payroll disbursement workflows. This role is responsible for managing the full lifecycle of store banking and POS systems, supervising service level agreements (SLAs) with cash and EDC vendors, ensuring compliance with RBI IDPMS and EDPMS regulatory guidelines, and driving continuous process improvements across store operations.

Key Responsibilities

1. Store Lifecycle & Retail Treasury Operations

- Store Lifecycle Support: Coordinate the opening, closure, movement, and downsizing of retail stores. Oversee bank account setups/closures, cash handling infrastructure, Deployment of Inter-Company Deposit Machines (ICD), and Electronic Data Capture Machines (EDC) along with setup in coordination with Service Providers (SPs).
- Vendor & Asset Management: Serve as the primary point of contact for cash pickup vendors, EDC vendors on store escalations and issue resolution. Arrange change cash facilities and manage Glory counting machines alongside their Annual Maintenance Contracts (AMCs).
- Vendor Billing & Audit: Ensure timely receipt, verification, and audit of vendor invoices and MIS reports against agreed cost structures and AMCs.
- Master Database Management: Maintain and update a comprehensive master database tracking store locations, Bank Accounts (Live and closed), EDC devices by service provider, operational workflows, and integrations.




- Cashier Training & SOP Governance: Conduct regular refresher training sessions for store cashiers. Review, update, and overhaul Standard Operating Procedures (SOPs) to drive efficiency and align with operational enhancements.
- Performance Dashboarding: Maintain an operational dashboard tracking incoming store requests, TAT adherence against established SOPs, and compliance status.

2. Foreign Currency (A1) Trade Payments & Regulatory Compliance :

- Payment Tracking: Track and follow up on due-dated monthly foreign currency payments for imported goods, components, and fixtures from Accounts Payable (AP) records.
- IDPMS & AP Reconciliation: Reconcile AP invoices against Import Data Processing and Monitoring System (IDPMS) records using databases provided by Procurement/FP and Logistics teams.
- Reverse Reconciliation: Conduct reverse checks from IDPMS to AP to identify goods inwarded without corresponding invoices, ensuring timely booking and payment scheduling.
- Invoice Execution & FX Hedging: Submit due-dated A1 invoices on corporate bank portals, execute FX deals, and apply pre-booked hedge rates. For unhedged portions, collaborate directly with Treasury banking partners to fix spot cash rates.
- Liquidation Tracking & Accounting:



Update the A1 Liquidation Tracker post-payment and instruct external accounting partners (e.g., EY) to record accurate journal entries.
- Remittance & Advisories: Prepare and distribute payment reference details and advice to relevant internal and external stakeholders.
- Regulatory Closure: Obtain payment reference numbers and Outward Remittance Messages (ORMs) from banking partners, ensuring proper knock-offs in IDPMS.

3. Corporate Banking & Disbursement Operations

- Payroll Execution: Execute secure monthly salary file uploads and manage disbursement runs.
- Other Cross Border Payments (DISP): Ensure necessary documents and portal requests are made on bank with supportings documents for payment.
- Audit Readiness: Support internal, statutory, and tax audits by archiving of trackers and supporting documents

Qualifications & Experience

- Education: Bachelor’s/Master’s degree in Accounting, Finance or Commerce.
- Experience: 3 to 5+ years of practical experience in treasury operations, cash management, or retail finance operations, preferably within MNCs or large-scale enterprise environments.

Key Skills

Technical Skills

- Data Analysis & Excel: Advanced Excel capabilities, including VLOOKUPs, pivot tables, data extraction, and complex multi-source reconciliations.
- Domain Knowledge: Robust understanding of RBI IDPMS guidelines, foreign currency trade transactions, and EDC payment gateway operations.

Soft Skills

- Cross-Functional Collaboration & Stakeholder Management
- Process Optimisation
- Accountability & Ownership

Pay: ₹60,000.00 - ₹1,430,000.00 per year

Work Location: In person

📌 Associate Treasury (Bengaluru)
🏢 Long Shot Assignment
📍 Bengaluru