Job Title: Senior Executive - Treasury Reporting & Controls (Middle Office)
Location: Bengaluru
About Unilever:
Be part of the world’s most successful, purpose-led business. Work with brands that are well-loved around the world, which improve the lives of our consumers and the communities around us. We promote innovation, big and small, to make our business win and grow; and we believe in business as a force for good.
Unleash your curiosity, challenge ideas, and disrupt processes; use your energy to make this happen. Our brilliant business leaders and colleagues provide mentorship and inspiration, so you can be at your best. Every day, nine out of ten Indian households use our products to feel good, look good and get more out of life – giving us a unique opportunity to build a brighter future.
Every individual here can bring their purpose to life through their work. Join us and you will be surrounded by inspiring leaders and supportive peers. Among them, you will channel your purpose, bring fresh ideas to the table, and simply be you. As you work to make a real impact on the business and the world, we will work to help you become a better you.
About UniOps:
Unilever Operations (UniOps) is the global technology and operations engine of Unilever offering business services, technology, and enterprise solutions. UniOps serves over 190 locations and through a network of specialized service lines and partners, delivers insights and innovations, user experiences and end-to-end seamless delivery making Unilever Purpose Led and Future Fit.
The Commercial Experience (ComEx) Purpose is to protect value and provide fuel for growth through excellent execution and continuous optimization of finance and supplier processes. Its strategic focus is to deliver full scale and edge to edge Finance and Supplier experience through upscaling of Operations Capabilities and Transformations.
The Commercial Experience Vision is to become a Best-in-Class solutions organization recognized both externally and internally. Within this context, balancing priorities around cost, experience, discipline, and compliance becomes critical and requires capable leaders at the helm who can steer and balance both, challenge and support the stakeholders in Finance and Procurement organizations.
Business Context and Main Purpose of the Job:
Unilever world’s most successful, purpose-led business looking for strengthening its future-fit team to drive sustainable business through superior performance, consistently delivering financial results in top third of our industry.
UniOps (Erstwhile Unilever Enterprise & Technology Solutions (ETS)) is a global business unit that will manage the company’s shared business services, made up of HR Services, Finance Transactions, IT services, Information Management Services and Workplace Services.
Mission - To provide excellent services globally which enable Unilever to win in the market by
putting the business’ goals at the heart of what we do
leveraging cost-effective, best practice, global solutions across Unilever to meet users’ needs
making continuous improvement in both cost and service an integral part of our way of working
building a professional services organisation that enables our people to give their best
developing win-win relationships with selected providers to meet our current and future requirements.
The key benefits from UniOps are expected to be:
Lower cost of delivery through standardisation, simplification, process harmonisation & scale leverage.
Better user experience by delivery of integrated service bundles to end-user.
Continuous improvement through end-to-end process ownership.
Within the service catalogue of UniOps, Commercial Experience organisation is responsible for the management and delivery of finance and supplier services globally, both through third-party outsourced providers (e.g. IBM, Capgemini) and through in-sourced operations.
The treasury reporting and control middle office team part of treasury expertise operations with in larger Commercial Experience organisation is responsible for Accounting and Reporting for Unilever Treasury. Middle Office also takes care of Treasury Notes for Annual Accounts of Unilever. It will also be responsible for Sox and other process controls by constantly assessing the risk to Unilever.
Key activities summary: Managing Treasury Middle Office
Provide expertise support globally on:
Hedge accounting and reporting including documentation
Accounting for all Treasury instruments (Bonds, FX including Derivatives reporting such as Interest rate Swaps and Cross Currency interest rate swaps, Options etc)
Perform monthly valuations checks of treasury derivatives positions
Responsible on daily basis to ensure no FX exposure and counter party exposures
MIS on Treasury activities enabling senior management to make right decisions
Robust documentation of all treasury reporting processes and ensure it is maintained year over year
Risk Assessment of all activities and building good controls to mitigate the risk
Support Digitization in Treasury Reporting and Controls
Forecasting of global Finance Cost and tracking actuals with FC
Support Projects for Treasury Reporting and Controls
Main Accountabilities
Financial Accounting & Reporting under IFRS 9 (including disclosures in Annual Reports)
On time and in full accounting and reporting of Treasury transactions (zero tolerance to error)
Forecast build for finance costs and net debt & variance analysis with Actuals
Quarterly booklet containing MIS for Treasury
Continuous improvements to enhance efficiency and accuracy of the process
Management reporting, Financial reporting and Statutory Reporting of Parent and Holding entities (mainly contains Treasury financial flows)
Resources –Individual Contributor. May manage contract resources / interns.
Key Contacts – Global Front office, UL countries and their Treasury personnel that are serviced by Global Treasury MO, Business Partners, 3P service providers, External and internal auditors, local / country finance controllers.
Key Skills required
Fast learner with strong attitude.
Business partnering skills while ensuring service mindset within the team
Ability to apply professional knowledge in developing better robust processes.
Demonstrated ability to analyze and interpret problems / data gathered from a variety of sources.
Assertive and pro-active attitude and cultivates a willingness to learn and teach within the team
Maintain a high-performance culture within the team with high bias for action
Demonstrated ability to work with a range of technically and culturally diverse people
Ability to work under pressure and within strict non-negotiable timelines
Ability to take quick and correct actions in emergency situations
Demonstrated ability to successfully contribute multiple projects & competing priorities in a time sensitive environment.
Relevant Experience
Min 1-5 years of experience in treasury / any other finance stream.
Professional finance qualification / MBA with technical accounting knowledge / experience.
Working knowledge of Wallstreet Treasury Suite is a nice to have
Strong on MS Excel and MS Power point
Strong on Stakeholder Management
Should be self-driven with a “can do” attitude to translate vision into actions
Demonstrated ability of working in a complex environment with global stake holders
At HUL, we believe that every individual irrespective of their race, colour, religion, gender, sexual orientation, gender identity or expression, age, nationality, caste, disability or marital status can bring their purpose to life. So apply to us, to unleash your curiosity, challenge ideas and disrupt processes; use your energy to make the world a better place. As you work to make a real impact on the business and the world, we’ll work to help you become a better you!