From Modulr's posting. “We” and “our” refer to the employer.
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
What We Offer You
Share Options
– We offer a Company Share Option Plan (CSOP), giving you the opportunity to benefit from any increase in share value in the event of a sale, merger, or flotation.
Bonus
– Our annual discretionary bonus, paid in May for the previous year, is based on both company and individual performance.
Insurance Coverage
– Comprehensive medical, life, and accident insurance provided to support you and your family's wellbeing.
Holidays & Leave
– A generous annual leave allowance, your birthday off, and menstrual leave for female employees, with the flexibility to choose days to suit your personal schedule.
Learning & Development
– Our onboarding programme, ModStart, equips you for success. Learning doesn't stop there; we'll continue to support your development through various channels and opportunities.
Mental Health, Wellbeing & Inclusion
– Access to accredited therapists, coaches, counsellors, management training, and mindfulness sessions with company-funded hours and flexible top-up options.
Company-Wide Events
– Participate in collaborative and engaging events with colleagues across the business.
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.
About this listing
LAYIQ is an independent job-discovery service. This listing does not imply a partnership with or endorsement by the employer. Review the original posting for current details and availability.
