Process Executive - RTR

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 Mohali, Chandigarh, India to support Global Operations in areas of Finance & Accounting, Trade Operations, Treasury and IT Support and other back-office support Services.

The Candidate is responsible for support Record to Report (RTR_Trade Accounting) function in managing/performing Reconciliation of Accounting PL with Business estimates, General Ledger, Intercompany, and Balance sheet Reconciliations etc. EOM activities.

Key Responsibilities

• Reconciling Accounting PL with Business estimate along the expected lines and identifying the reasons of differences, if any, investigate and explain or resolve material differences.
• Posting Trade accruals for reconciling timing differences with Trading partners and also to align the Accounting PL with business.
• Timely reporting of monthly accounting results along with trader’s estimates to controller and Finance business partners
• Liaising with various teams (execution, trade support and FPA business partners) to ensure timely closure of month end reporting and resolving various relevant issues. 
• Monthly analyzing the variances of various P&L and BS line items by comparing the same to last year comparative numbers
• Daily analysis of each execution and split the variance of MTM and execution into structural and positioning.
• Identify & resolve mismatches in IC balances with counterparties
• Weekly review of extra costs i.e. Unplanned costs and send to business partners for their confirmation
• Reviewing inventory costs and sending the same to Middle office to ensure correct mark to market on inventory. 
• Preparing monthly working capital details for Finance business partners.
• Responsible for review & posting of Manual Journal Entry (JEs) in system post approval from Country Finance Team.
• Responsible for review & posting futures/FX hedging in SAP
• Reconciliation of Balance sheet accounts in One stream
• Complying with Sarbanes Oxley Standards
• 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

Essential:

• 4 - 5  years of work experience in a similar role
• Experience in Agribusiness/Commodity trading industry preferred 
• Minimum Education Qualification –CA, ICWA will be preferred
• Good knowledge of concepts and procedures related to General Ledger, Mark to Market, Options,  Futures, Intercompany and Reporting activities
• Ability to provide high quality level of customer service for General Ledger, Intercompany & 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, Advance Excel, Outlook)
• Experience in ERP/ Accounting systems (SAP) and Reporting tool (One stream) 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