Executive Vice President, Group Treasury — Energy Services

The mandate

An energy field and technical services group has accumulated entity-level borrowing and currency practices as its contract footprint expanded. Cash exists in multiple locations, yet treasury cannot consistently distinguish accessible funds from restricted balances or match currency obligations to reliable receipts. The executive vice president establishes one accountable group treasury decision framework without assuming that every local banking arrangement should be centralised.

This permanent position is open-ended, with a twelve-month initial agenda to establish liquidity visibility, a rational facility map and controlled exposure decisions. The leader will investigate legal and operating restrictions before proposing pooling, transfers or refinancing. Entity finance teams remain responsible for local evidence, while group treasury sets the information standards and approval discipline needed to manage shared funding risk.

Currency risk arises from both contract terms and delivery choices. Procurement timing, subcontractor payments and customer delays can alter an exposure after the bid has been signed. The executive will connect the treasury register to those operating changes so a hedge decision reflects the forecast transaction rather than a convenient historical estimate. Specialist accounting and local regulatory advice will be obtained where required.

The executive vice president may execute approved treasury transactions within established limits, manage bank relationships and decide operational liquidity deployment where legal access and delegation permit. This executive employment seat operates under the CFO's treasury delegation; governance approval remains with the authorised Finance Committee. New debt instruments, significant security commitments and policy exceptions go to that committee. Speculative currency trading, investment outside approved instruments and unapproved cross-entity guarantees are explicitly outside this remit.

The first-year result should include a verifiable cash accessibility map, a maturity plan with documented contingencies and exposure reviews that explain both hedged and deliberately unhedged positions. The function will then support evolving contracts and financing requirements as a continuing group capability. Success is not measured by eliminating all risk, but by making treasury choices deliberate, authorised and traceable to economic obligations.

What you will own

• Build a cash accessibility map distinguishing unrestricted liquidity, operating minimums, trapped balances and lender-controlled accounts, validating each classification with entity finance evidence before group funding decisions rely on it.
• Decide the treasury exposure review method for contract currencies, linking forecast receipts and payments to delivery changes so hedging recommendations are grounded in obligations rather than aggregated revenue estimates.
• Develop a borrowing maturity and covenant dashboard that shows refinancing dependencies, collateral commitments and available alternatives, allowing the Finance Committee to evaluate concentration beyond the headline debt balance.
• Govern transaction authorisation and bank access controls, separating instruction, approval and settlement reconciliation duties while resolving entity arrangements that cannot satisfy the group control standard.
• Evaluate facility restructuring proposals through total economic cost and operating flexibility, including fees, security and covenant effects rather than presenting a lower interest margin as sufficient evidence of value.
• Establish an escalation protocol for liquidity shortfalls and currency forecast changes, ensuring operating leaders communicate material deviations before approved treasury positions become disconnected from delivery reality.
• Develop treasury succession and specialist capability through documented case reviews, reducing dependence on informal lender relationships and preserving the reasoning behind significant financing and exposure decisions.

Candidate qualifications

• Demonstrate senior treasury or CFO leadership in energy services, engineering or another cross-border contract business. Explain how you identified a funding or currency exposure that entity-level reporting concealed, and show the evidence used to distinguish accessible liquidity from cash that could not legally or operationally support the proposed group commitment.
• Bring deep experience with debt restructuring, banking facilities and foreign exchange risk decisions. Relevant proof includes covenant analysis, collateral implications, forecast transaction reliability and documented policy exceptions. Describe a financing choice where the lowest quoted cost was not the best structure, and explain how directors assessed the trade-off you presented.
• Show strong financial modelling and control judgement across multiple entities. You should have established reliable maturity, liquidity and exposure information under uneven source quality, investigated exceptions and obtained specialist advice on transfer restrictions. The role requires understanding the limits of treasury authority rather than assuming a group instruction overrides local legal obligations.
• Establish a record of leading treasury professionals and communicating calmly with banks and executives during funding pressure. Describe a material forecast change, the decision route followed and the accountability imposed on operating information providers. Professional finance standing should be supported by practical governance examples, including segregation of duties and transparent risk acceptance.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 12 October 2026. Mandate reference CVU-PER-2026-IND-189.