Associate Manager-Middle Office

Bunge; Mohali; On-site; INR 800,000 - 1,000,000; Full time

Job summary

Bunge in Mohali, India is seeking an Associate Manager - Middle Office to manage daily risk positions, PnL and MTM reporting across futures and options.

You will coordinate with global teams, perform MTM calculations at month-end, reconcile accounts in SAP/One Stream, and ensure SOX compliance while maintaining internal controls.

Qualifications

• 2-3 years of work experience in a similar role.
• Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook).
• Experience in ERP/Accounting systems (SAP) will be an added advantage.
• Knowledge of Mark to Market, Options, Futures, Hedging and Intercompany risk.

Responsibilities

• Perform daily risk positions and explain the variance.
• Weekly status updates to reporting manager about Future posting and confirmations.
• Posting of Future/Option in SAP based on trades.
• Prepare daily reconciliation of MTM on Futures/Options.
• Prepare daily PnL based on market movements.
• Reconcile Balance sheet accounts in One Stream.
• Review and prepare risk reports for senior leadership.
• MTM calculations at month end.
• Maintain trackers for daily/weekly/monthly activities.
• Post MTM in SAP weekly and month end.
• Present MTM issues to FP/Controller monthly.

Skills

Strong communication

Interpersonal skills

Problem solving

Time pressure tolerance

Education

CA / CMA / FRM / MBA

Tools

Microsoft Office

SAP

Job description

Job Details

City : Mohali

State : Punjab (IN-PB)

Country : India (IN)

Requisition Number: 47984

Business Title: Associate Manager - Middle Office

Global Job Title: Anl II Fin Risk Mgmt/Pos Rptg (BS-RM2929)

Global Function: Business Services

Global Department: Middle office

Organizational Level: 8

Reporting to: Manager/Sr. Manager

Role Purpose Statement

• Perform daily risk positions and explaining the variance.
• Weekly status update to reporting manager related to Future posting & confirmations.
• Posting of Future/Option in SAP based on the trade happened in exchange.
• Preparing the daily reconciliation of Unrealized/realized MTM on Futures/options.
• Preparing the daily PnL based on the market price movements.
• Reconciliation of Balance sheet accounts in One Stream.
• Review & preparing different types of risk reports, e.g. Freight exposure etc. for senior leadership.
• Perform the MTM calculation on month end.
• Updation of tracker related to daily, weekly and monthly activities.
• Posting the MTM in SAP on weekly / Month end.
• Presentation of monthly MTM issues to FP/ Controller on monthly basis.
• Responsible for reconciling the Intercompany MTM with other Bunge entities on month end.
• Complying with Sarbanes Oxley Standards.
• Ensure the internal finance controls, procedures in place and in compliance with company policies.
• Preparing the MTM adjustments and sharing with Trade accountants to post.
• Identify & resolve mismatches in IC balances with counterparties.
• SOP Preparing and updating as per current process time to time.
• Liaising with auditors (Internal and external) and responding to their queries.
• Testing for upcoming projects if any

Main Accountabilities

• Derivatives related activities (Future/Option/Swaps)
• Daily Risk Position Analysis
• Month end activities (MTM Pre & Post)
• Sox Compliances
• One Stream Reconciliation etc.

Knowledge and Skills

Behavior

Use knowledge of Bunge’s business, structure and strategy to develop innovative solutions to improve results or eliminate problems.

Build partnerships, appropriately influence to gain commitment, foster talent and coach others to grow in current or future roles..

Drive results through high standards, focus on key priorities, organization, and preparing others for change.

Technical

• 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.

Education & Experience

• 2-3 years of work experience in a similar role.
• 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 Europe languages will be added advantage.

At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~34,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Learn more at Bunge.com.

Every day our people exemplify these values, which represent Bunge at its core:

• We Are One Team – Collaborative, Respectful, Inclusive
• We Lead The Way – Agile, Empowered, Innovative
• We Do What’s Right – Safety, Sustainability, With Integrity

If this sounds like you, join us! We value and invest in people who believe in our purpose and are excited to live it every day – people who are #ProudtoBeBunge