Middle Office

2 weeks ago

Mohali, Punjab, India FMCG Company Full time ₹ 5,00,000 - ₹ 12,00,000 per year

Hiring / Job Opening: ASSOCIATE TEAM LEAD MIDDLE OFFICE - FREIGHT

Reporting to: Manager

Location: MOHALI, Punjab, India.

Experience: 2–3 years

JOB DETAILS

Our client, a leading global agribusiness and food conglomerate, is looking to hire an ASSOCIATE TEAM LEAD – MIDDLE OFFICE – FREIGHT. Location: Mohali, Punjab, India.

Job Purpose:

The position is responsible for support to Middle Office Freight (MO) function in managing/performing daily risk position, daily P&L reporting, Future/option reconciliation, MTM on month end & Balance sheet Reconciliations etc.

Key Responsibilities:

  • Daily validation of Unrealized/realized MTM on Futures/options
  • Prepare the daily reconciliation of Unrealized/realized MTM on Futures/options
  • Daily validation of bunkers Swaps and confirmation with commercial teams
  • Reconciliation of bunker swaps in IMOS with the broker's statement
  • Reconciliation of FFAs in IMOS with the brokers' statements
  • Send open contracts
  • Follow up with VCs open positions
  • Daily tracking of freight destination position by VC and validation in IMOS
  • Supporting daily PnL preparations based on the market price movements
  • Prepare the file for the MTM calculation for the month end closing
  • Prepare margin calls file before validation of payment
  • Support the FP&A team on the SOX controls/documentations
  • Prepare month-end physical MtM inter-co file
  • Follow-up and tracking of daily applications/executions
  • Updating of tracker related to daily, weekly and monthly activities
  • SOP Preparing and updating as per current process time to time.
  • Testing for upcoming projects if any

Additional responsibilities:

  • Resolve queries within defined timelines.
  • Review and support Officers in Accounting & Reporting activities.
  • Provide reports and run queries to assist Traders in period end closing process.
  • Identify ideas for process improvement utilizing industry leading practices.
  • Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future.
  • Provide all information, documents, and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader.
  • File and archive relevant documents.

Required:

  • 2-3 years of work experience in a similar role.
  • Experience in Agribusiness/Commodity trading industry preferred.
  • Minimum Education Qualification – C.A. / CMA / FRM / MBA will be preferred.
  • Good knowledge of concepts and procedures related to Mark to Market, Options, Futures, Hedging, Intercompany and Risk Positions.
  • Ability to provide high quality level of customer service for MTM, Intercompany and other 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, Excel, Outlook)
  • Experience in ERP/ Accounting systems (SAP) will be added advantage.
  • Strong Team Player.
  • Knowledge of European languages will be added advantage.

Distinct Advantage:

  • Experience working in a similar Shared Services Centre setup a distinct advantage.
  • Experience in SAP.
  • Flexibility to work in different time zones.

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