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Process Executive- RTR

2 months ago


Bhurai In Bunge Full time

Location : Mohali 

City : Mohali 

State : Punjab (IN-PB) 

Country : India (IN) 

Requisition Number : 36968 

 

Job Title:                     Process Executive - RTR

Shift:                                  UK Shift

Shift allowance:              NA

Reporting:                   Reports directly to Team Lead/AM/Manager

Location:                          Mohali, Chandigarh, India

 

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 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
  • Posting Trade & freight accruals for timing differences in PnL and inter co (JPM, Brokerage, Prepaid amortization)
  • Preparation of reports of monthly accounting results along with trader’s estimates to controller and Finance business partners
  • Perform Monthly variance analysis  various P&L and BS line items by comparing the same to last year comparative numbers
  • Preparation report of daily executions to reconcile with estimate
  • Identify & resolve mismatches in IC balances with counterparties
  • Weekly preparation of extra costs i.e. Unplanned costs and after review by reviewer, send to business partners for their confirmation
  • Preparing monthly working capital details for Finance business partners.
  • Responsible for preparation and & posting of Manual Journal Entry (JEs) in system post approval from Country Finance Team.
  • Responsible 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
  • Responding to auditors’ (Internal and external) queries
  • Business Unit Accounting or Factory accounting will be preferred

 

Knowledge and Experience

Essential:

  • 1 year minimum 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
  • 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
  • Good 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