Treasury Assistant

Job description

Treasury Analyst Location: Mumbai - Are you curious, excited by experimentation and always looking to innovate? - Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience? - Do you want to have the opportunity to play an important role in a rapidly growing and exciting Fintech business? If so, we would love to connect and collaborate! Who We Are Modulr is the payments automation platform that streamlines money movement with accuracy, control and reliability — built to scale. We process more than 200m transactions and over £180bn in payment value on an annualised basis, and we’re trusted by over 6,000 businesses from fast-growing SMEs to global enterprises. We automate how money moves into and out of a business — payroll, supplier payments, spend management and payment collection — through a single platform, connected to the accounting and payroll systems finance teams already use and underpinned by principal memberships of Visa and Mastercard and direct access to central bank infrastructure. As a regulated payments provider with over a decade of experience, we’re the platform finance teams trust to run mission-critical operations. Modulr is backed by PayPal, FIS, General Atlantic, Blenheim Chalcot, Frog Capital and Highland Europe, with over 400 employees across London, Edinburgh, Amsterdam, Mumbai and Pune. **About the Role** We're seeking a detail-oriented Treasury Analyst to join Modulr's Finance & Treasury team in India. In this role, you'll be responsible for managing daily treasury operations, ensuring accurate bank reconciliations, and maintaining our corporate banking relationships, reconciling c.150 corporate bank accounts spanning multiple entities and regions, and across multiple banking platforms. Working within the finance team and reporting to the AP & Payroll Supervisor, you'll play a vital role in reflecting our banking transactions accurately in NetSuite and ensuring all corporate bank accounts are properly recorded. You'll be key to supporting our financial control team with timely reporting, fund management, and month-end activities while maintaining the highest standards of accuracy and compliance. **Key Responsibilities** **Cash and Balance Monitoring** - Review balances across all accounts by entity and currency - Complete capital requirement sheets across required entities to monitor balances and check for unexpected movements - Identify accounts approaching minimum balance and set up top-ups - Monitor incoming and outgoing settlement of funds **Payment and Transfer Support** - Prepare treasury transfer instructions between accounts, entities and currencies for review and approval - Confirm funding is in place ahead of supplier payment runs, payroll and scheduled payment obligations - Monitor approved payments to confirm receipt and investigate delays, returns or rejections - Escalate payment issues to respective banks **Daily Reporting and Communication** - Flag funding requirements, discrepancies and unresolved items to line manager and Treasury stakeholders - Respond to same day queries for urgent funding from Payment Operations and Financial Control - Retrieve statement and transaction reports weekly from HSBC, JPM and Modulr platforms - Confirm statements are complete, for the correct dates and cover all in-scope accounts **Bank Reconciliations and Month-End Activities** - Be responsible for timely and accurate processing of corporate money transactions - Complete weekly and monthly bank reconciliations and related financial postings - Identify, resolve and escalate un-reconciled items in a timely manner - Investigate and clear outstanding reconciling items - Prepare monthly journals for bank charges, interest, treasury sweep and intercompany movements - Prepare the monthly compliance certificate required under the revolving credit facility (RCF) agreement **Systems and Process Management** - Maintain access to various banking platforms - Support current systems and processes - Keep process documentation updated - Share best practice and highlight improvements and efficiencies - Document treasury processes end to end, including checks, controls and escalation routes **Additional Support** - Prepare weekly cashflow reporting for the CFO, including 13-week cashflow forecasts - Support creation of internal and external reporting requirements - Support wider finance team on other month-end tasks - Prepare reconciliations, samples and explanations for internal and external audit Person Specification **Essential** - 3-5 years' experience in a similar treasury or finance operations role, including hands-on ownership of month-end bank reconciliations - Able to independently own the end-to-end month-end bank reconciliation process, investigating, resolving and clearing reconciling items without close supervision - Hands-on experience across multiple banking systems and cash management platforms - Efficient in multi-tasking, prioritising and managing workload - Self-starter who is structured, organised and able to handle competing pressures - Ability to operate in a changing and dynamic environment with tight deadlines - Strong attention to detail and accuracy in financial data - Excellent communication and problem-solving skills **Desired** - Experience working with NetSuite or similar ERP system - Understanding of compliance and audit requirements in financial operations - Self-motivated and hardworking with strong organisational skills - Able to critically evaluate and problem solve - Works at pace to deliver results - Tenacious, adaptable, resilient and positive - Focused on innovation and continuous improvement - Excellent team player in a high-functioning environment - Commitment to accuracy and compliance **ModInclusion** Modulr is a leading fintech platform providing Payments Automation and enterprise payment solutions. We serve high-growth businesses across multiple verticals including Lending, Travel, Banking, and Core Business Payments, operating across India, the UK, Europe, and beyond. Our mission is to simplify and automate payments for our customers, and we're building a diverse, talented team to support that mission. Our people are central to our success, and we're committed to creating an inclusive workplace where everyone can thrive.