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Associate Manager - RTR

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Date: Dec 24, 2021

Location: PB, IN

Company: Bunge

Job Title:              Bunge Business Services- RTR (Trade Accounting)

Reporting:           Reports directly to Manager / Senior Manager


Job Purpose

                Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York. Bunge has implemented a Shared Services Center in Chandigarh, India to support Asia Pacific operations in areas of Finance & Accounting, Trade Operations, and IT.


                The Candidate is responsible for support Record to Report (RTR Trade Accounting) function in performing Month end closing & reporting related activities e.g., General Ledger, Cash Management, Intercompany, and Fixed Assets Management & Balance sheet Reconciliations etc.


Key Responsibilities

•             Perform monthly financial close activities on a timely basis.

•             Responsible for review & posting of Manual Journal Entry (JEs) in system post approval from Country Finance Team.

•             Analyze and post monthly expense accruals/amortization JEs

•             Run currency revaluation and update exchange rates, as and when required

•             Responsible for cost allocation Model including under/over recovery analysis

•             Maintain Fixed Asset (FA) register

•             Reconciliations of Bank Accounts / Balance sheet Accounts before the specified timelines

•             Complying with Sarbanes Oxley Standards

•             Identifying and reporting the exposure in relation to Market Risk (Price Risk, FX Risk, Interest Rate risk), Liquidity Risk and Credit Risk.

•             Adjusting the Hedged Item with Hedging Instrument for identifying the net risk exposure.

•             Reconciling Accounting PL with Business along the expected lines and identifying the reasons of differences, if any.

•             Posting Trade accruals for reconciling timing differences with Trading partners and also to align the Accounting PL with business.

•             Process FA maintenance & disposal requests in system along with FA Journal

•             Perform daily and monthly inventory reports (Mark to Market)

•             Prepare and reconcile FA schedules for closing & reporting activities

•             Ensure the internal finance controls , procedures in place and in compliance with company policies

•             Prepare and post Intercompany (IC) JEs

•             Perform Intercompany balances & transaction confirmation

•             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

•             Business Unit Accounting or Factory accounting will be preferred


Knowledge and Experience


•             3 - 5 years of work experience in a similar role

•             Experience in Agribusiness/Commodity trading industry preferred 

•             Minimum Education Qualification – Graduation, MBA Finance, ICWA will be preferred

•             Good knowledge of concepts and procedures related to General Ledger, Mark to Market, Options, Futures, Intercompany and Fixed Assets Accounting & Reporting activities

•             Ability to provide high quality level of customer service for General Ledger, Intercompany and Fixed Assets Accounting & 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

•             US Visa Holder will be preferred

•             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) and Reporting tool (Hyperion) will be added advantage

•             Strong Team Player

Distinct Advantage

•             Experience working in a similar Shared Services Centre setup a distinct advantage

•             Experience in SAP, workflow tools and document imaging systems

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

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