Job Description

Job Title: Middle Office (MO) Associate Manager

Shift: EU Shift

Shift allowance: NA

Level: To be assessed by HR & Hiring Manager.

Key Consideration factors: 4-5 years of relevant experience in MO process, complexities of process handled in the past & number of years people management experience.

Reporting: Reports to Manager MO

Location: Mohali, Chandigarh, India

About us: We are a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Founded in 1818, the company is headquartered in White Plains, New York. We 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 managing/performing daily risk position , daily PnL reporting, Future/option reconciliation, FX reporting , MTM on month end & Balance sheet Reconciliations etc.

Key Responsibilities:

• 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 One Stream.
• Preparing different types of risk reports, e.g. Freight exposure etc. for 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.

Additional responsibilities:

• 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 audit. Post the audit; take steps as per corrective action plan drafted by the Management.
• File and archive relevant documents.
• Monitoring & adherence of time limit for daily / weekly/ monthly activities.
• Experience in handling team and solving issues.
• Adoptability with new changes time to time as suggested by the Management.
• Provide support to Middle Office team in daily / weekly and monthly activities.

Required:

• 4-5 years of work experience in a similar role.
• Experience in Agribusiness/Commodity trading industry preferred.
• Minimum Education Qualification - C.A. / CMA / FRM / CFA / MBA will 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 and support to team for providing required results on time.
• 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 mentor and encourage team to achieve organization objectives on time.

Distinct 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 ingredients. Founded 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 globe. The company is headquartered in St. Louis, 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 Employer. All 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 status. Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled

Bunge