Job Details

Associate - Banking & Treasury

Location: BANGALORE,  KARNATAKA

Date Opened: 05/29/2024

Job Type:

Job Number: 240001YH

Job Description

About HBC

HBC is a holding company of investments and businesses at the intersection of technology, retail operations and real estate. It is the majority owner of iconic ecommerce companies: Saks, a leading online destination for luxury fashion; The Bay, a Canadian ecommerce marketplace; and Saks OFF 5TH, a premier luxury off-price ecommerce company offering top brands at the best prices. These businesses were established as separate operating companies in 2021. HBC also wholly owns Hudson’s Bay, the operating company for Hudson’s Bay’s brick-and-mortar stores, as well as SFA, the entity that operates Saks Fifth Avenue’s physical locations, and O5, the operating company for Saks OFF 5TH stores.

With assets spanning top markets and prime locations across North America, HBC owns or controls—either entirely or with joint venture partners—approximately 40 million square feet of gross leasable area. HBC Properties and Investments, the company’s real estate and investments portfolio business, manages these assets along with additional real estate offerings, including Street works Development, its property development division.

Founded in 1670, HBC is North America’s longest continually operating company and is headquartered in New York and Toronto. For more information visit: www.hbc.com.

What This Position Is All About:

The Associate - Treasury will be responsible for the daily cash management, which includes daily reconciliations and funding recommendations, foreign exchange support, wire processing, and coordination with multiple departments and businesses within HBC.  The role supports all members of the treasury team, requires attention to detail, and an unflappable communicator.

What You Will Do:

  • Run daily cash processes, including bank reconciliations, wire processing, funding recommendations.
  • Manage Brinks relationship, including assisting store cash offices.
  • Manage bank account information.
  • Track F/X hedge portfolio.
  • Liaise with Accounts Payable to resolve vendor requests.
  • Prepare journal entries for the payments & receipts.
  • Handling all the Vendor checks & ACH payment reconciliation.

What You Can Expect:

  • A fast-moving environment where you will embrace change to ensure the company is Competitive and future forward.
  • A People-Focused Culture of belonging where Diversity, Equity and Inclusion are embedded in everything we do.
  • An opportunity to work with highly supportive teams to help you build the career you want.

Working Hours:

  • The role is expected to work in ‘North American’ shift pattern, 4:00 PM to 1:00 AM IST.

Your Life and Career at HBC:

Be part of a world-class team; work with an adventurous spirit; think and act like an owner-operator. Exposure to rewarding career advancement opportunities from IT to Human Resources, Merchandising to Finance. A culture that promotes a healthy, fulfilling work/life balance.

Job Qualifications

What You Will Need:

  • Graduate ideally in Finance and Accounting.
  • Advanced proficiency with Microsoft Excel is essential.
  • 2+ years Treasury experience in cash management, banking, financial statements, debt compliance and risk management is an asset.