Head - Treasury, India

Job title:Head of Treasury India

• Hiring Manager: Sanofi Regional Head of Treasury
• Location: Mumbai
• A few travel expected
• Job type: Full time

About the job

To manage all treasury matters within all Sanofi legal entities in India Zone, and to be the primary country contact with Corporate Treasury/Regional Treasury.

The country treasury manager of Sanofi contributes to Sanofi Group financing & treasury mission consisting of in:

• Financing the local operations (managing the risk of liquidity)

• Managing financial risks (foreign exchange, interest rates, credit risk on commercial and financial counterparties and risk of fraud on transactions & settlement)

This mission is managed within the strict framework defined within Sanofi Group financing & treasury guidelines as well as through the specific instructions conveyed by corporate treasury   to the country.

Main responsibilities

The Head of Treasury India is part of Regional Treasury team and focus on the treasury activities at country affiliate level.

The Head of Treasury India supervises the operational treasury activities and operations of the legal entities in India. He/she leads a team of Treasury employee based in India and is the primary contact of Global Treasury/Regional Treasury in India.

In this role he/she:

• People management and partnering
  • Recruits, leads, motivates the team, develops capabilities, and supports the development of talents
  • Ensures Operational Excellence of the Country Treasury with KPIs, offering best-in-class services
  • Builds trust and ensures effective cooperation with cross functional and external partners (other treasury teams at corporate and country levels, CFO, SBS, GBS, tax, legal, banks, …)

• Liquidity and cash management
  • Oversees daily cash management and liquidity for the India affiliates
  • Closely cooperates with Global Treasury/Regional Treasury to ensure proper financing of the affiliates and identification of cash repatriation opportunities
  • Supervises cash actuals and forecasts reporting

• FX Risk management  
  • Ensures accurate and timely reporting of FX exposures and subsequent settlements
  • Identifies FX exposures and monitors the proper execution of the local hedging in line with Group policies
  • Monitors ad-hoc transactions incurring Fx risk
  • Follows up the FX gains & losses

• Cash flow and working capital optimization
  • Monitors free cash flow generation and working capital KPIs (DSO, payment terms, overdue, DPO) through cash reviews, action plans, …
  • Partners with business functions to raise awareness and spread a cash-oriented mindset
  • In cooperation with CI2C and in accordance with the Credit Management policy, assesses the counterparty risk and validates the credit limits

• Bank relationship management
  • Global Treasury handles the cash management bank relationship, nevertheless, the Head of Treasury India acts as country senior point of contact with the bank
  • Participates to contract review when applicable (overdrafts, credit facilities,)
  • Manages the daily operational bank relationship
  • Supervises that bank fees are in line with agreed pricing

• Credit risk management
  • Assess the credit risk profile of the most significant customers as per Group policy
  • Review banking channels of offshore financial flows

• Other activities
  • Supports/liaises with Global Treasury/Regional Treasury on Legal/Tax activities including dividends, legal restructurings, intercompany loan issuance and interest settlement;
  • Supports Global Treasury/Regional Treasury in M&A, business development and divestment execution;
  • Reviews investments and Capex projects at country level on an ad hoc basis
  • Contribute to develop, maintain and implement a robust business continuity plan (BCP) in collaboration with neighborhoods functions and local CFO
  • Where applicable, support to Regional Treasury on daily treasury operations and/or projects 

• Compliance and internal control
  • Understands local banking regulations and ensures compliance with relevant financial reporting requirements, Treasury policies and internal control requirements
  • Maintains bank accounts documentation and signatories

• Project management
  • Involved in Corporate Treasury projects, as determined by Corporate Treasury or CFO
  • Leverages knowledge of treasury technology & systems to automate and improve current operations and decision-making
  • Leads of working capital projects, for example debt or invoice factoring, payment terms enhancement, etc
  • Assists the business through the preparation of accurate cash flow models to help evaluate major projects

About you

• Experience:
  • Qualified CA's / MBA with 10+ year experience in Financing & Treasury activities in multinational companies
  • Other experiences in senior finance roles within an international environment is a plus

• Skills:
  • Proven Management skills
  • Advanced analytical skills, financial acumen, and strategic thinking
  • Experience in collaborating among senior management, business, and functional leaders
  • Building partnership and trust over time with partners internally and externally with banks
  • Ability to manage multiple projects, work effectively with cross-functional partners
  • Proven presentation skills, ability to communicate, assertiveness
  • Team player, proactive and solution oriented
  • Good background in accounting (IFRS) and/or financial analysis
  • Strong capabilities in MS Excel
  • Knowledge of Treasury Management Systems, S/4HANA Treasury System is a plus
• Education: Bachler's degree or above in business administration, finance, accounting or economics

• Languages: fluent written and spoken English

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