Treasury Analyst

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 corpor