Bunge Limited (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.
Role Purpose Statement:
• Risk positions related issues to be fixed by arranging meeting with stakeholder & align within the team.
• Ensure smooth process of all Risk positions to be published and validated as per agreed time.
• Responsible for ensuring all Future / Option related issues has been fixed and align with stakeholders & team.
• Review & monitoring SOX control adherence by the team and all supporting documentation has been saved for audit purpose.
• Monitoring of issues resolved on time related to reconciliation of Unrealized/realized MTM on Futures/options.
• Issue in daily reconciliation with Trader PnL to be resolved asap.
• Ensure monitoring the daily reconciliation of Unrealized/realized MTM on Futures/options.
• Ensure smooth process related to daily PnL based on the market price movements and fix it.
• Responsible for team's timely reconciliation of Balance sheet accounts in One Stream.
• Ensuring posting all MTM in SAP (Month end) on agreed timeline.
• Review and Monitoring team activity of MTM calculation on month end.
• Responsible for reconciling the Intercompany MTM with other Bunge entities on month end and aligning stakeholders for that.
• Presentation of monthly MTM issues to FP/ Controller on monthly basis and find out way to smooth it.
• Ensure Team is complying with Sarbanes Oxley Standards
• Ensure teams are complying with internal finance controls, procedures in place and in compliance with company policies
• Review /Preparing the MTM adjustments and sharing with Trade accountants to post.
• Review & ensure proper resolution of mismatches in IC balances with counterparties
• Review & Preparation of SOP and updating as per current process from time-to-time along with team
• Monitoring of testing to be done on agreed timeline
• Handling Sox queries and auditors (Internal and external) observation and responding to them.
Main Accountabilities:
Daily Activities : Risk Position, derivatives & Pnl to be on time.
Month end activities (MTM Pre & Post) and analyse the reason for IC difference.
Compliances : Audit / SOX & One Stream Reconciliation etc.
Lead in Automation project / testing / any other development etc.
Resource development, retention and proper backups etc.
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