Associate Manager FX CoE

Job Title:                              Associate Manager

Reporting:                           Reports to Treasury Manager

Designation:                       Associate Manager FX CoE

               

Job Purpose

Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 25,000 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 Chandigarh, India to support Asia Pacific operations in areas of Finance & Accounting, Trade Operations and Treasury.

The Incumbent will be responsible for performing Cash & Debt management activities supporting Treasury operations, which services the Asia Pacific / Europe / US operations for Bunge Group. In addition, is also responsible for supporting officers in transaction processing & issue resolution.

               

Key Responsibilities

• 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