Associate Team Lead - Middle Office (Global Oil)

Bunge Iberica SA; Indiana (PA); On-site; USD 65,000 - 85,000; Full time

Job summary

A leading company in the oilseed and grain sector seeks an Associate Team Lead - Middle Office to manage risk positions and compliance for financial operations. This role involves daily analysis, reporting, and reconciliation activities while ensuring adherence to Sarbanes Oxley standards. Candidates should have 2-3 years of relevant experience and strong analytical skills.

Benefits

Equal Opportunity Employer

Support for Veterans/Disabled

Qualifications

• Requires 2-3 years of experience in a similar role.
• Strong communication and interpersonal skills necessary.
• Experience in ERP/Accounting systems (SAP) is an added advantage.

Responsibilities

• Perform daily risk positions and explain the variance.
• Prepare daily reconciliation of Unrealized/realized MTM on Futures/options.
• Comply with Sarbanes Oxley Standards and enforce internal controls.

Skills

Strong communication

Problem solving

Organization

Team Player

Education

2-3 years of work experience in a similar role

Tools

Microsoft Office

SAP

Job description

Select how often (in days) to receive an alert:

Business Title: Associate Team Lead - Middle Office

Global Department: Middle Office

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

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.

Bunge (NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

Bunge is an Equal Opportunity Employer. Veterans/Disabled