Tesco India Bengaluru, Karnataka, India Full-Time Apply by 06-May-2025
About the role
The Treasury Accountant is responsible for managing and overseeing the treasury accounting activities covering bank, intercompany
reconciliations, Treasury financials and derivative financial instruments. This role involves ensuring accurate reporting, and compliance
with accounting standards and regulatory requirements. The same needs strong understanding of accounting principles and financial
practices, with excellent analytical and organizational skills.
What is in it for you
At Tesco, we are committed to providing the best for you.
As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day.
Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits.
Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable.
Salary - Your fixed pay is the guaranteed pay as per your contract of employment.
Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually
Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy.
Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.
Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws.
Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.
Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.
Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.
Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.
You will be responsible for
Following our Business Code of Conduct and always acting with integrity and due diligence and have these specific risk responsibilities:
Review and Reconciliation for Bank and Intercompany Treasury related transactions. Support Investigating and resolving discrepancies
in a timely manner with relevant documentation.
Oversee Derivative and Hedge Accounting including but not limited to forwards, options, swaps, and futures. Ensure proper recognition
and measurement in accordance with relevant accounting standards, Applying hedge accounting principles, including documenting
hedge relationships, assessing hedge effectiveness, and recording hedge gains and losses
Prepare and analyze treasury reports, including cash flow statements and bank fee analysis.
Prepare and review financial reports related to derivatives, including disclosures in financial statements.
Develop and maintain internal controls on treasury related procedures and assist with internal and external audits of financial
instruments and related financial statements. Liaise with Audit teams to Provide necessary documentation and explanations.
Identify opportunities to improve accounting processes and systems. Implement best practices to enhance efficiency and accuracy.
Manage month end close processes including Journals, reconciliation and HFM Consolidation
Taking lead in Treasury Initiatives including but not limited to resolving Legacy issues, process changes, Balance sheet control
summary issues, System development, SOP Creation, Design of controls, etc.
Following our Business code of Conduct and always acting with integrity and due diligence.
Understanding "My" Objectives & work priorities ( KPIs) to ensure timely delivery inline with Service management plans as agreed,
You will need
Strong analytical and problem-solving skills.
Chartered Accountant (PQE preferred), with work experience of
Proficiency in accounting software and Microsoft Office Suite
1-2 year in Finance domain
(Excel, Word, PowerPoint).
Knowledge of treasury management systems and financial
Knowledge of accounting standards (IFRS, UK FRS)
databases.
Understands Treasury Accounting/IFRS 9 in depth
Attention to detail and accuracy.
Strong communication and interpersonal skills.
Strong analytical skills and of audit procedures, documentation &
Ability to manage multiple tasks and be Agile
compliances.
Preferred to have knowledge of Consolidation process and
system
Chartered Accountant (PQE preferred), with work experience of
Proficiency in accounting software and Microsoft Office Suite
1-2 year in Finance domain
(Excel, Word, PowerPoint).
Knowledge of treasury management systems and financial
Knowledge of accounting standards (IFRS, UK FRS)
databases.
Understands Treasury Accounting/IFRS 9 in depth
Attention to detail and accuracy.
Strong communication and interpersonal skills.
Strong analytical skills and of audit procedures, documentation &
Ability to manage multiple tasks and be Agile
compliances.
Preferred to have knowledge of Consolidation process and
system
About us
Tesco in Bengaluru is a multi-disciplinary team serving our customers, communities, and planet a little better every day across markets. Our goal is to create a sustainable competitive advantage for Tesco by standardising processes, delivering cost savings, enabling agility through technological solutions, and empowering our colleagues to do even more for our customers. With cross-functional expertise, a wide network of teams, and strong governance, we reduce complexity, thereby offering high-quality services for our customers.
Tesco in Bengaluru, established in 2004 to enable standardisation and build centralised capabilities and competencies, makes the experience better for our millions of customers worldwide and simpler for over 3,30,000 colleagues.
Tesco Business Solutions:
Established in 2017, Tesco Business Solutions (TBS) has evolved from a single entity traditional shared services in Bengaluru, India (from 2004) to a global, purpose-driven solutions-focused organisation. TBS is committed to driving scale at speed and delivering value to the Tesco Group through the power of decision science. With over 4,400 highly skilled colleagues globally, TBS supports markets and business units across four locations in the UK, India, Hungary, and the Republic of Ireland. The organisation underpins everything that the Tesco Group does, bringing innovation, a solutions mindset, and agility to its operations and support functions, building winning partnerships across the business. TBS's focus is on adding value and creating impactful outcomes that shape the future of the business. TBS creates a sustainable competitive advantage for the Tesco Group by becoming the partner of choice for talent, transformation, and value creation