Bunge India
Bunge India | Process Executive - Middle Office
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Job Highlights
Responsibilities
- As a premier agribusiness solutions provider, our team of ~34,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways.
- Perform daily risk positions and explaining the variance.
- 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.
- Reconciliation of Balance sheet accounts in One Stream.
- Preparing different types of risk reports 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.
Requirements
- Minimum Education Qualification – C.A. / CMA / FRM / 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.
- Strong communication & Interpersonal skills to work effectively with internal/external teams across the Globe.
- Develop knowledge of the business, accounting systems, Reconciliation policy, Finance Control standards and Quality Framework and ensure compliance with these.
- Experience in ERP/ Accounting systems (SAP) will be added advantage.
- Knowledge of Europe languages will be added advantage.
About the company
Bunge Global SA
Bunge goes back to 1818, when Johann Peter Gottlieb Bunge founded a trading firm in Amsterdam. Its headquarters moved over the years through South America and New York before settling in the St. Louis area in 2019, and it has been listed on the New York Stock Exchange since 2001. The company processes oilseeds and grains and supplies edible oils, flour and other food ingredients to customers around the world. In India it opened Bunge Business Services in Mohali in 2018, its first global business service centre, supporting finance, trade execution, procurement, HR, technology, SOX compliance and data management.
Bunge's finance openings in India are at its Mohali-area centre and cover a wide range. Record-to-report roles run from process executive to senior manager, and the senior ones ask for a Chartered Accountant with nine to ten years of record-to-report experience. Other roles cover financial planning and analysis, treasury, direct tax and transfer pricing, SOX compliance, credit risk, middle office, foreign exchange, procure-to-pay and SAP finance. Postings name CA, CMA, CPA, ACCA, CIA, CFA, FRM or an MBA in Finance, and the accounts payable roles ask for a commerce degree.
