Job title: middle office (mo) associate manager
Key consideration factors: total number of years & relevant experience in mo process, complexities of process handled in the past & number of years people management experience.
Reporting: reports directly to manager
Location: mohali, chandigarh, india
About us: we are a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employeesFounded in 1818, the company is headquartered in white plains, new yorkWe are world’s no.1 manufacturer of bottled oils, and our brands in india include dalda, gagan, ginni & chambal.
We have implemented a shared services center in mohali, india to support global operations in areas of finance & accounting, trade operations, treasury and it support and other back office support services.
Job purpose: the candidate is responsible for support to middle office (mo) function in performing daily risk position, daily pnl reporting, future/option reconciliation, fx reporting , mtm on month end & balance sheet reconciliations etc.
Perform daily risk positions and explaining the variance.
Responsible for review & posting of future/option in sap based on the trade happened in exchange.
Preparing the daily reconciliation of unrealized/realized mtm on futures/options.
Perform daily reconciliation with trader pnl.
Preparing the daily pnl based on the market price movements.
Perform the fx reporting to hedge the currency risk.
Reconciliation of balance sheet accounts in cadency.
Preparing different types of risk reports, e.gFreight exposure etcFor senior leadership.
Perform the mtm calculation on month end.
Posting the mtm in sap on month end.
Responsible for reconciling the intercompany mtm with other bunge entities on month end,
Complying with sarbanes oxley standards
Ensure the internal finance controls, procedures in place and in compliance with company policies
Preparing the mtm adjustments and sharing with trade accountants to post.
Identify & resolve mismatches in ic balances with counterparties
Preparing and updating process documentation and to keep up to date all the time
Liaising with auditors (internal and external) and responding to their queries
Resolve queries within defined timelines
Review and support officers in accounting & reporting activities
Provide reports and run queries to assist traders in period end closing process
Identify ideas for process improvement utilizing industry leading practices
Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future
Provide all information, documents, and reports for auditPost the audit; take steps as per corrective action plan drafted by the team leader.
File and archive relevant documents
5 - 7 years of work experience in a similar role
Experience in agribusiness/commodity trading industry preferred
Minimum education qualification – mba finance, c.aWill be preferred
Good knowledge of concepts and procedures related to mark to market, options, futures, hedging, intercompany and risk positions.
Ability to provide high quality level of customer service for mtm, intercompany and other reporting activities.
Ability to work independently, efficiently and deliver high quality output under time pressure
Independent and meticulous with figures
Strong communication & interpersonal skills to work effectively with internal/external teams across the globe.
Strong problem solving & organization skills
Develop knowledge of the business, accounting systems, reconciliation policy, finance control standards and quality framework and ensure compliance with these
Experience in managing people and processes through a sustained period of change
Excellent computer skills and competency in microsoft office (word, powerpoint, excel, outlook)
Experience in erp/ accounting systems (sap) will be added advantage
Strong team player
Knowledge of europe languages will be added advantage.
Experience working in a similar shared services centre setup a distinct advantage
Experience in sap.
Flexibility to work in different time zones
Bunge (nyse: bg) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredientsFounded in 1818, bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globeThe company is headquartered in stLouis, missouri and has 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.
Bunge is an equal opportunity employerAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected statusBunge is an equal opportunity employerMinorities/women/veterans/disabled