Associate Specialist - Treasury Operations

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Job Description:

Position Summary:

3M seeks a Treasury Analyst to support its growing global operations. The person will work both within the Treasury and with a diverse set of cross-functional stakeholders along with external banking partners and auditors. This position requires a self-starter who will handle Treasury SOX, Global Treasury operations, and partner with regional Treasury teams to coordinate activities and deliverables. The successful candidate should be comfortable working with large data sets and balancing multiple competing priorities. The role will require flexibility to work in various time zones.

Treasury operations in 3M encompass the issuance of Letters of Credit/Bank Guarantees, FX transactions, In-house Bank activities, Cash Forecasting, Direct Debits, transactions using Kyriba TMS (Treasury Management Solutions), and many more.

Location: Bangalore

Job Description & Responsibilities:

• Experience with Treasury & Risk Management, Cash & Liquidity Management, In-House Cash, and Bank Communication Management.
• Work with Internal Auditors and ensure Zero SOX Deficiency.
• Partner with regional Treasury process teams for daily operations.
• Understand end-to-end business processes and their impact on the Treasury function and apply technology to improve the process.
• Provide ongoing support for banking issues, troubleshooting problems, and coordinating with financial institutions as necessary for bank statement failures.
• Identify opportunities for process improvements and automation within present workflows.
• Continuously evaluate processes, implement learnings, and apply best practices.
• Monitor daily cash and cash equivalents to present to senior stakeholders.
• Oversee Kyriba bank statement monitoring process.
• Manage In-House Bank (IHB) processes, including unapplied funds to G/L, intercompany loan and deposit reporting, and intercompany cash pooling.

Basic Qualifications:

• Chartered Accountant (0-2 years) from the Institute of Chartered Accountants of India will be given preference.
• B. Com/M. Com with 2 to 3 years of experience.
• Functional knowledge of core Treasury processes, including cash positioning, forecasting, bank account management, payments, FX, and settlement would be an added advantage.
• Strong analytical skills and the ability to manage large amounts of data.

Primary Skills:

• Strong analytical and communication skills.
• Cross-functional stakeholder management skills.
• Eager to learn and adapt to new challenges.
• Self-starter with the ability to work independently and proactively.

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