Job Title

Job Description

In this role, you have the opportunity to The Treasury Business Partner will serve as the primary treasury contact for the market. The role requires proactively understanding stakeholder priorities, managing expectations, identifying improvement opportunities, developing aligned strategies, and ensuring timely delivery of agreed treasury services. In addition, the role will help maintain best-in-class treasury operations in restricted markets.

Business title: Treasury Business Partner ISC

Location: Gurgaon

You are responsible for

• Manage all cash management functions including cash concentration, wires,
  account funding. Ensure adequate liquidity for working capital needs and invest
  short term excess cash. Manage inter-company cash, including inter-company
  lending, dividends, and capital injections.
• Oversee cash and foreign exchange exposure management, manage banking
  and financial institution relationships, set up and manage credit limits, negotiate
  bank and service fees and implement new banking technologies, productsa
  and services to improve cash cycle and simplify treasury operations.
• Manage and scale up the supplier financing program.
• Ensure compliance with internal controls, policies and procedures
• Ensure adherence to Indian Central Bank guidelines relating to Imports, Exports
  and Foreign Direct Investment.
• Ensure timely filing of all banking related regulatory reporting
• Support in discussion and negotiation with Banks for Cash management, Foreign Exchange, Trade Finance, Investments and Borrowings activities.
• Support capital restructuring activities in India and META region. Prior experience would be a plus, but opportunity to learn for right candidate

You are a part of Group Treasury within the Philips Finance function.. Reporting to the Head of Treasury for ISC & META, you will primarily support treasury activities in India while also covering other countries across the region. As a Treasury Business Partner, you will provide business insight and local-market expertise to the central Treasury team and coordinate closely with relevant stakeholders.

To succeed in this role, you should have the following skills and experience

• Prior treasury or banking experience is preferred.
• Chartered Accountant preferred or MBA in Finance
• Min 8–10 years of relevant experience, preferably with a reputable multinational corporation or large Indian company.
• Strong commercial orientation, with the ability to understand business performance, articulate key drivers, and translate them into financial and treasury implications. Sound understanding of financial markets and their impact on the organization.
• Ability to build and sustain effective relationships with internal and external stakeholders.
• Strong analytical, influencing, and communication skills, with the confidence to represent the company before customers, banks, and industry organizations. A collaborative team player who takes ownership and holds self and others accountable for results.
• Strong networking, stakeholder-management, and communication capabilities.
• AI & Digital Fluency: Ability to effectively leverage approved AI and digital tools to improve analysis, automate routine activities, generate insights and enhance treasury processes, while applying appropriate human judgment and Philips responsible-AI requirements.

How we work at Philips
Our newly-adopted hybrid work concept fuses flexibility with collaboration to deliver great outcomes for our people and our customers. We are embracing an approach wherein we spend more time together than apart – which for full-time employees translates to an average of at least 3 days working from the office and up to 2 days from home – for our hybrid roles.
Hybrid work flexibility means people can meet the changing demands of work and home in the most balanced, productive, and healthy way.

Our hybrid working model is defined in 3 ways:
We believe in the importance of impactful collaboration: There's a certain energy when everyone’s in the same room that can heighten idea generation and creative friction needed for problem-solving.
We embrace flexibility: Choosing where, when and how to work can vary according to task and team schedules. Flexibility isn’t office or online, it means choosing the space that works best for you, your teams and our customers on a case-by-case basis.
We want to be at our best: The way we work and our workspaces are designed to support our well-being, offer career advancement opportunities, and enable us to be at our best.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.