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Finance Manager -Treasury & TSF

Date:  20-Sep-2022
Country:  India
Function:  Finance
Sub-Function:  Corporate Treasury

Finance Manager – Corporate Treasury & Trade Structured Finance (TSF)

 

Olam Food Ingredients (ofi) is a global leader offering ‘on-trend’ sustainable, value-added food ingredients & solutions, enabling consumers to enjoy the healthy & indulgent products they love. OFI is a part of the Olam Group, a leading food and agri-business, supplying food ingredients, feed and fibre to thousands of customers worldwide, ranging from multi-national organisation with world famous brands to small family run businesses. More information about ofi can be found here. OFI was formed in January 2020 as part of the re-organisation of the Olam Group. More information on that can be found here.

We have an exciting opportunity for a Finance Manager, Corporate Treasury & TSF to work in a truly global environment. This individual will lead a team of treasury accountants based out of Chennai (Shared Service Centre) and shall be responsible for managing the overall books of accounts for the Treasury and Trade & Structure Finance (TSF) portfolio. The role provides long-term potential for someone eager to develop their career within the fastpaced food ingredients sector.

The role will directly report to the CFO – TSF & Treasury based in Singapore.

 

Functional Area: Finance & Accounts

 

As a Finance Manager, the candidate would be expected to play four key roles:

  • Custodian of all financial information of the Corporate Treasury and Global TSF Portfolio
  • Controller and Risk manager for the Treasury and TSF business activities
  • Business partner in reviewing business performance and evaluating new business opportunities
  • Lead the improvement of systems and processes
  • Finalization of books of accounts in line with IFRS for the Treasury legal entities (Finance & Treasury Centre’s)

 

Key Stakeholders
TSF Head and business team / Treasury Head and team / Other Business Unit (“BU”) CFOs / Corporate Finance / Legal Counsel / Tax and Audit Department / Shared Service Centre team for Accounts and Execution

 

Key Performance Matrices include:

  • FP&A role - Timely review of Management information system (MIS) with a detailed analysis and insights on the accounts/reports as prepared by the Shared Service Center as well as overseas subsidiaries ensuring completeness and accuracy of the data presented
  • Driving business performance through business analysis and review with different legal entities
  • Work closely with other BU CFOs and origin / country CFOs for transfer pricing, tax efficiency and audit support for TSF business and supervise the same with support team for all TSF trades
  • Actively participate in the preparation of the annual budgets, comparison of actual performance against the budget, identifying and analyzing variance, and monitoring implementation of agreed action points
  • Play a key role as Controller and Risk Manager for the TSF BU ensuring that (i) the trades are executed as per policy and guidelines agreed with TSF traders / origin CFOs / country management; (ii) FX and trading exposure management ensuring that risk limits approved by Risk Office are adhered to; (iii) monitor and control accuracy and completeness of underlying data used in the Financial Statements to mitigate operational & reputational risk; (iv) approval of payments to be made for settlement of transaction in line of structure and credit approval; etc.
  • Get involved in strategic business discussions relating to architecture, operating model, approval of new products/structures and expanding to new geographies
  • Work with business to improve and strengthen the IT system and processes for capturing the trades, monitoring their execution and proper reporting, and recording in MIS
  • To initiate, review, assess and implement programs to continuously improve the productivity of all processes and systems within the organization and to advise and guide the operational managers in carrying out workflow analysis and other techniques for systems improvement and cost management
  • To analyze & monitor the PNL/BS arising from all treasury activities
  • To manage Audit of Treasury operations

 

Requirements:

 

Education / Experience / Technical Skills:

  • Chartered Accountant with 8-10 Years of experience. Previous experience in Treasury and/or TSF business with strong knowledge of products traded would be an added advantage
  • Prior experience of managing financial accounting and management reporting and strong functional skills on accounting and analytics
  • Having worked in a multi-cultural and global organization (exposure to a matrix reporting structure is preferred)
  • Well versed in Derivatives Accounting – Options, Cross Currency Swap, Hedge Accounting
  • Key Strengths: Financial concepts and analysis, IFRS knowledge, interacting with business managers and work on business partnering, team player and ability to manage different stakeholders, possess commercial acumen
  • Having worked in an SAP environment (including SAP TRM) would be preferred

 

Soft Skills:

  • Keen interest to learn and grow
  • Team player with good written/oral communication skills
  • Confident personality
  • Self-motivated with an ability to get things done across reporting lines. Ability to identify problems, implement solutions and actively work to resolve issues

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