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3 Bunge India Associate Manager Jobs
Associate Manager-FX-COE
Bunge
·
10-12 years
₹ 12.4 - 18.5L/yr (AmbitionBox estimate)
Mohali
1 vacancy
Associate Manager-FX-COE
Bunge India
posted 4mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Support the Business Commercial Managers in the identification of foreign currency risks & advise on mitigation of such risk
- Tracking of exposures in key commodities including formulating hedging policies, recommending timely hedges including new approaches to commodity hedging
- Should have sound understanding of reconciliation of commodity position of various commodities with equivalent currency hedge
- Should be able to review Cash balance of various accounts and check impact on overall FX Position
- Reconciliation of Trader Position with Broker statement and raise an alarm in case of mismatch to respective parties
- Track movement of open contracts and washouts
- Review open contracts for various commodities and ensure equivalent currency hedge
- Provide recommendations in case of overall FX position is not with in permissible limits
- Devising hedging strategy and executing the FX trades with internal traders
- Highlighting forex risk & market opportunities and updating the FX P&L in a timely manner
- Allocation of FX hedges to underlying exposure and settlement of derivatives on maturity
- Should possess analytical skills and attention to detail managing voluminous data
- MIS & Presentations to senior management
- Strong understanding of derivates (commodities and FX)
- Should possess good understanding of ERP (SAP) and its T-codes, Excel, FX all
- Should be able to understand and track FX movements in different segments like inventory, purchase, invoicing, spends etc
- Should have understanding different sub-ledgers and general ledger and chart of accounts
- Reporting of Cash position to senior management
- Calculation of MTM on Hedges & Derivatives
- Chartered Accountant with an experience of 10-12 Years
- Experience in Commodity/FMCG Companies will be an added advantage
- Team management is desirable
Knowledge of Asia languages added advantage
Employment Type: Full Time, Permanent
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Rating based on 5 Associate Manager
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Anonymous · Finance & Accounting
in Mohali
Variable part of salary
Apprisal, Politics and promotion policy
- Salary - Bad
Associate Manager salary at Bunge India
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