AVP Treasury – Cash Management (L10)

Job Description:

Role Title: AVP Treasury – Cash Management (L10)

Company Overview:

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

• We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.

• We offer Flexibility and Choice for all employees and provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.

• We provide career advancement and upskilling opportunities, focusing on Advancing Diverse Talent to take up leadership roles.

Organizational Overview:

The Cash Management team within Treasury is responsible for ensuring Synchrony’s daily liquidity needs are met through accurate cash positioning, forecasting, reconciliations, and well-controlled execution of payments and customer credit balance refunds. The team operates in a highly controlled, audit-ready environment and partners closely with U.S.-based Treasury, Finance/Controllership, Operations, and external banking partners to maintain strong governance over cash movements and related reporting.

Role Summary/Purpose:

This role would be located in Hyderabad, India and support activities that fall under Cash Management Process within Treasury. This role will be responsible for supporting and managing the team executing payments and credit balance refund processes and will support Cash Forecasting, Positioning and Reporting processes. In this role, you will gain functional Funding and Reporting experience in Finance as well as influence in a matrix environment Leadership experiences.
 

Key Responsibilities:

• Manage processing of Stop Payment requests of credit balance refund checks.

• Manage processing of PO Returns queues related to credit balance refunds.  

• Approve Journal Entries for manual checks, stop pays and remote deposits.

• Initiate/Approve manual check and wire payment requests.

• Daily reconciliation of internal systems to intraday bank account activity; research, resolve, and execute any transactions to remediate issue

• Provide required documentation and share expertise with internal/external auditors for payment related audits

• Support and back-up for CBR process Manager and Cash Management Team in US, when needed.

• Support Cash Forecasting, Positioning, Pacing when needed.

• Prepare mid-day, end of day reconciling and balancing of daily processes.

• Track, report and submit volume for monthly metrics, intraday liquidity, RAS Reporting and  Counterparty limits reporting for ALCO deck.

• Recognize and escalate potential issues as appropriate.

• Support Cash Management Leader with initiatives and goals, targeting process and productivity improvements.

• Maintain a thorough understanding of all business processes, transaction flows, key systems and sources which impact Cash Management.

• Perform other duties and/or special projects as assigned

Required Skills/Knowledge:

• Bachelor's or Master's degree in Commerce or Finance and/or Accounting with Minimum 5 years of working experience in Finance/Treasury/Accounting related role in Lieu of a degree 7 years of working experience in Finance/Treasury/Accounting related role
• Experience of working in a Banking or Financial Industry
• Strong analytical skills for cash forecasting, trend analysis, and financial reporting.
• Experience of leading teams of exempt and non-exempt employees
• Strong computer acumen including advanced Excel skills

Desired Skills & Knowledge

• Strong computer acumen including advanced Excel skills

• Knowledge of working with Oracle Financials

• Experience with receivable systems and/or Proprietary Case Management Systems and/or Bank Proprietary Systems

• Experience operating in a regulated-compliance environment

• Excellent analytical and problem-solving skills.

• Ability to execute in a fluctuating environment with attention to detail.

• Demonstrated ability to address diverse management issues and team responsibilities.

• Strong communication skills – both oral & written.

• Highly motivated with ability to handle a high workload in a fast-paced changing environment.

• Requires minimal supervision to manage daily activities and is able to lead the team to meet published deadlines for activities.

Eligibility Criteria:

• Bachelor’s Degree and/or Master’s degree in Commerce or Finance and/or Accounting with Minimum 5 years of working experience in Finance/Treasury/Accounting related role or 7 years in lieu of degree.
   

Work Timings: 8:00 Am to 5:00 pm EST

or Internal Applicants:

• Understand the criteria or mandatory skills required for the role, before applying

• Inform your manager and HRM before applying for any role on Workday

• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)

• Must not be any corrective action plan (First Formal/Final Formal, LPP)

• L8+ Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.

• L8+ Employees can apply

Grade/Level: 10

Job Family Group:

Finance