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161 Bunge India Jobs
Associate Manager-FX-COE
Bunge
·
10-12 years
₹ 12.4 - 18.5L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
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
Additional responsibilities:
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
Educational Qualification & Skills required:
- Chartered Accountant with an experience of 10-12 Years
- Experience in Commodity/FMCG Companies will be an added advantage
- Team management is desirable
Knowledge and Experience
Essential:
Good knowledge of concepts and procedures related to Hedge accounting & reporting
Ability to provide high quality level of customer service of FX/ Hedges / M2M
Dealt in multiple currencies of FX, FX exposure reporting
Good understanding of derivative market will be an added advantage
Ability to work independently, efficiently and deliver high quality output under time pressure
Independent and meticulous with figures
Strong written & oral communications skills in English
Knowledge of Asia languages added advantage
Knowledge of Asia languages added advantage
Strong problem solving & organization skills
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/Online Banking Portlas
Distinct Advantage
Experience working in a similar Shared Services Centre setup a distinct advantage
Experience in processing of high volumes of transactions
Experience in SAP, workflow tools and document imaging systems
Willing to work in different shift timings including US shifts
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Associate Manager roles with real interview advice
Top Bunge India Associate Manager Interview Questions
Q1. How do you build relation ship with other departments in plant?
Q3. What is TPM and how it impacts on productivity
asked in
Senior Executive interview
What people at Bunge India are saying
Rating based on 5 Associate Manager
reviews
Anonymous · Finance & Accounting
in Mohali
Likes
Variable part of salary
Dislikes
Apprisal, Politics and promotion policy
- Salary - Bad
+5 more
Associate Manager salary at Bunge India
reported by
69
employees
with 6-15
years exp.
₹11.8
L/yr - ₹21
L/yr
12%
more
than the average Associate Manager Salary in India
View more details
What Bunge India employees are saying about work life
based on 579 employees
Flexible timing
Monday to Saturday
No travel
Day Shift
Bunge India Benefits
Health Insurance 
Job Training 
Work From Home 
Soft Skill Training 
Team Outings 
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