Treasury Associate, Cash Management & Working Capital

Overview

Treasury Associate role supporting cash management, cash flow forecasting and working capital optimisation for a fast-growing B2B marketplace with a global footprint.

What you'll do

• Maintain, develop and continuously improve short-term (daily/weekly, up to 13 weeks) and medium-term (3–12 months, monthly) cash flow forecasts across entities and currencies.
• Analyse historical cash flows, operational drivers, business plans and financial data to develop reliable cash flow projections and identify trends and patterns.
• Consolidate and validate inputs from AR/AP, FP&A, Operations, Tax and Payroll into a consistent and reliable treasury forecast.
• Investigate discrepancies between underlying systems, source data and actual bank transactions to ensure data accuracy and completeness.
• Monitor forecast versus actuals, investigate and explain variances, identify root causes and continuously refine forecasting assumptions and methodologies.
• Support scenario and sensitivity analysis to assess the liquidity impact of changes in collections, supplier payments, FX rates and other business drivers.
• Contribute to developing and automating forecasting processes, improving data integration, reporting capabilities and ways of working.
• Monitor and maintain daily global cash positions across banks, entities and currencies, ensuring accurate visibility of available liquidity.
• Plan, execute and monitor intercompany transfers, funding movements and cash concentration activities.
• Investigate cash movements, unexpected balances and discrepancies between bank transactions, treasury systems and underlying financial data.
• Identify opportunities to optimise cash allocation across accounts, entities and currencies, reduce idle balances and improve liquidity efficiency.
• Support the placement and management of short-term investments and deposits, monitoring balances, interest income and returns on surplus cash.
• Assist in monitoring and managing short-term debt facilities, including overdrafts and working capital lines, tracking utilisation, interest costs and available capacity.
• Develop, maintain and improve working capital reporting and KPIs, including DSO, DPO and cash conversion cycle, across entities, regions and customer/supplier segments.
• Analyse working capital trends and drivers, investigating collection patterns, payment behaviour and outstanding receivables and payables.
• Identify areas with higher-than-normal DSO or suboptimal DPO and collaborate with Finance, Sales, Collections and Operations to drive improvements.
• Identify cash inefficiencies across banking and account structures, including trapped cash, non-interest-bearing balances, unnecessary FX conversions and redundant accounts.
• Support initiatives to improve collections, payment terms, billing cycles and settlement processes to release working capital.
• Support day-to-day banking operations, including payments, collections, bank account administration, signatory updates, KYC requirements and banking documentation.
• Act as a point of contact with banking partners, investigating and resolving payment issues, transaction discrepancies, account access problems and other banking matters.
• Support bank account openings, closures and changes to banking arrangements, coordinating documentation and maintaining accurate banking records.
• Assist in managing banking relationships, reviewing bank fees, pricing and service levels, and identifying opportunities to reduce costs.
• Analyse and monitor FX exposures across entities and currencies, and support FX reporting, risk management processes and potential mitigation strategies.
• Monitor interest income and expense, review utilisation and returns of deposits, interest-bearing accounts and borrowing facilities, and identify optimisation opportunities.
• Support compliance with internal treasury policies, banking regulations (including RBI requirements where applicable) and audit requirements.
• Maintain accurate records of bank accounts, mandates, signatories, user access rights and facilities, ensuring appropriate controls are in place.
• Monitor treasury activities for compliance with approval procedures and internal controls, identifying and escalating exceptions.
• Support Accounting with bank reconciliations and month-end closing activities related to cash, interest, FX and bank charges.
• Prepare and improve treasury management reporting and KPIs, ensuring accuracy and completeness of financial data.
• Contribute to developing treasury policies, controls, procedures and documentation, and support internal and external audits.
• Support the implementation, development and continuous improvement of treasury systems and tools, including Atlar, NetSuite and other financial and operational platforms.
• Explore and investigate underlying systems, databases, data sources and processes to identify opportunities to improve data quality, accuracy and consistency.
• Develop and improve treasury reporting, dashboards and analytical tools, leveraging databases, SQL and other data analysis tools.
• Identify and investigate data discrepancies across systems, working with Finance, Operations and technical teams to implement sustainable solutions.
• Proactively identify opportunities to automate and streamline treasury processes, including payments, forecasting, bank reconciliations and reporting.
• Explore and leverage AI tools, such as Claude, to support data analysis, problem-solving, automation and more efficient treasury processes, in line with company policies and data security requirements.
• Contribute to establishing new processes, controls and ways of working, documenting procedures and helping build scalable treasury operations as the business grows.

What you'll need

• Bachelor's degree in Finance, Accounting, Economics, Commerce or related field.
• 3–5 years of experience in corporate treasury, cash management or similar roles.
• Good understanding of cash management, liquidity forecasting, working capital and financial statements, and how business drivers flow through P&L, balance sheet and cash flow.
• Strong analytical and problem-solving skills, with a curiosity to investigate underlying data, challenge numbers and identify root causes of discrepancies.
• Advanced Excel skills and confidence working with large datasets, combining information from different sources and developing financial analysis and reporting.
• Interest in and willingness to leverage AI tools such as Claude for data analysis, problem-solving and automation.
• Experience working with banking portals, ERP systems (e.g., SAP, NetSuite or similar) or other financial systems.
• Strong communication skills in English, with the ability to work independently and collaborate with internal stakeholders and external banking partners.
• High attention to detail with a strong sense of ownership and accountability.
• Comfortable working in a fast-paced, scaling environment where processes, systems and ways of working are still being developed.
• Able to balance daily operational responsibilities with longer-term development and improvement initiatives.
• Integrity and sound judgement when handling confidential financial information.

Nice to have

• Experience in a high-growth, multi-entity / multi-currency environment.
• 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).
• Familiarity with ThoughtSpot or similar tools.

Details

• Location: Mumbai, India (Hybrid).
• Employment type: Full-time.
• Reports to the Treasury Lead and works closely with the Finance team, including the CFO, Controllers and FP&A.