Associate Team Lead
1 month ago
Job Purpose
Bunge Limited is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. The company 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.
The Candidate is responsible for supporting the 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 & freight accruals for timing differences in PnL and inter co ( Bunker, 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 , send to business partners for their confirmation
- Preparing inventory costs and sending the same after review to Middle office to ensure correct mark to market on inventory.
- 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
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