Job Description
Treasury Associate, Cash Management & Working Capital
Location: Mumbai, India (Hybrid)
Function: Finance / Treasury
Employment type: Full-time
Reporting Line: This role reports to the Global Head of Accounting & FinOps and works closely with the broader Finance leadership, including the CFO, Controllers and FP&A.
About the Company
We are a fast-growing B2B marketplace with a global footprint across the US, Europe, India and APAC. We connect businesses, streamline complex Diamond/Gemstones/and Jewelry supply chains, and process high transaction volumes across multiple currencies and payment rails. As we scale, best-in-class treasury and cash management are critical enablers of our growth.
Role Overview
We are looking for a Treasury Associate with strong expertise in cash flow planning, working capital optimisation, and short- to medium-term liquidity forecasting. This role is ideal for someone who loves to get under the hood of how a business really works – understanding how operational drivers, P&Ls, cash flows and balance sheets translate into forward-looking cash positions. You will own and continuously improve our week-by-week and month-by-month cash forecasts, ensure cash is in the right place at the right time, and help maximise yield on surplus cash while minimising idle balances. You will also proactively identify cash and working capital inefficiencies (e.g. DSO, DPO, account structures, bank fees, interest and FX) and partner with Finance and Operations to drive improvements. You will be based in Mumbai and work closely with FP&A, Accounting, and local business teams.
Key Responsibilities
1. Cash Flow Planning & Forecasting: Build, maintain and improve short-term (13-week / weekly) and medium-term (3–12 month / monthly) cash flow forecasts across entities and currencies.
Translate business plans, sales pipelines, P&Ls, cash flow statements, and balance sheets into robust cash projections.
Consolidate inputs from AR/AP, FP&A, operations, Tax and Payroll into a single, reconciled treasury view.
Track forecast vs. actuals, explain variances, and refine forecasting models over time. Provide scenario and sensitivity analysis (e.g. slower collections, FX rate shifts, changes in payment terms).
2. Liquidity & Cash Position Management: Monitor daily global cash positions across banks, entities and currencies; ensure sufficient liquidity for operating needs.
Execute and track intercompany transfers, funding, and cash pooling where applicable, in line with policy and regulations.
Help design and maintain an optimal account structure (operating,collection, disbursement, escrow, etc.) to minimise idle balances.
Support the execution of short-term investments and deposits in line with treasury policy to optimise yield on surplus cash.
Assist in managing short-term debt facilities (overdrafts, revolvers,working capital lines), including utilisation and interest.
3. Working Capital & Cash Efficiency: Analyse and report on working capital KPIs, including DSO, DPO and cash conversion cycle, across regions and key customer/supplier segments.
Identify areas with higher-than-normal DSO or suboptimal DPO and partner with business owners (Sales, Collections, Procurement) to drive improvements.
Highlight cash inefficiencies in how we use our banking and account structures (e.g. trapped cash, non-interest-bearing balances, unnecessary FX conversions, redundant accounts).
Support initiatives to improve collections, payment terms, billing cycles, settlement structures, and other process changes that unlock cash.
4. Banking, FX and Interest: Support day-to-day banking operations: payments, collections, signatory updates, KYC requests, documentation.
Assist in managing bank relationships, understanding pricing, fees and interest terms, and benchmarking them periodically.
Prepare analysis on FX exposures arising from our multi-currency footprint and support hedging / natural offset strategies as needed (depending on company policy).
Monitor interest income and expense to ensure we are leveraging the right products (current/term accounts, MM funds, overdrafts) for our cash profile.
5. Controls, Compliance & Reporting: Ensure all treasury activities comply with internal policies, local regulations (incl. Indian banking / RBI guidelines where relevant), and
audit requirements.
Perform regular bank reconciliations and support Accounting on month-end close related to cash, interest, FX, and bank charges.
Maintain accurate records of bank accounts, mandates, signatories,facilities and guarantees.
Prepare management reports and dashboards on liquidity, cash forecasts, working capital and key treasury KPIs for senior finance leadership.
Contribute to Treasury policy, process and SOP documentation, and support internal/external audits.
6. Systems, Data & Process Improvement: Use and improve treasury tools to automate and standardise cash reporting and forecasting.
Drive better data quality and consistency across source systems (ERP, billing, AR/AP, bank statements).
Identify opportunities to streamline payment processes, reconciliations and reporting through automation and integration.
Qualifications & Experience
Must-have:
- Bachelor’s degree in Finance, Accounting, Economics, Commerce or
related field.
- 3–5 years of experience in corporate treasury, cash management or
similar roles (experience in a high-growth, multi-entity / multi-currency
environment is a plus).
- Strong track record in cash flow forecasting (weekly and monthly) and
working capital analysis.
- Solid understanding of financial statements, and how business drivers
flow through P&L, balance sheet and cash flow.
- Hands-on experience with banking portals and ERP systems (e.g., SAP,
NetSuite or similar).
- Advanced Excel skills; familiarity with ThoughtSpot or similar is an
Advantage.
- Comfortable working with large data sets, reconciling sources and
resolving discrepancies.
- Comfortable working with large data sets, reconciling sources and
resolving discrepancies.
Nice-to-have:
Experience in B2B, marketplaces, fintech, or payments-heavy businesses.
Exposure to multi-region structures (US/EU/India/APAC) and cross-border cash management.
Knowledge of Indian banking and FX regulations, and basic familiarity
with global treasury best practices.
Professional certifications such as AMCT / CTP / CFA / CA / CMA (or
working towards one).
Skills & Competencies:
Strong analytical and quantitative skills; able to dissect complex data and derive clear, practical insights.
High attention to detail with a strong sense of ownership and accountability.
Ability to connect operational realities to cash flows and clearly articulate the “so what” to stakeholders.
Strong communication skills; able to work cross-functionally with Accounting, FP&A, Operations, Sales, Collections and Procurement.
Comfortable operating in a fast-paced, scaling environment with evolving processes and systems.
Integrity and sound judgement in handling confidential financial information.
