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Process Executive- RTR
2 months ago
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