Manager - Treasury

Location : Mohali

City : Mohali

State : Punjab (IN-PB)

Country : India (IN)

Requisition Number : 32536

Job Title: Treasury Manager

Reporting: Reports to Sr. Treasury Manager or AGM Treasury

Designation: Manager

Job Purpose

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

Key Responsibilities

Leading a team of 10-12 people

Manager treasury back-office function - Deal Confirmations and Settlements of multiple currencies for various countries/geographies

Processing manual FX Payments & Sign-off

Preparation & analysis of FX unhedged exposure

Calculation of MTM on Hedges & Derivatives

Identify & prepare funding/ repayment requirements as required.

Prepare and submit Debt/FX/Investments reports and submit to authorities of that country.

Monitoring and Review the Inter-co loan balances and its interest, commitment fees, other charges and charge to respective entities of the company

Prepare & submit Indebtedness report as per defined schedule

Liaising with senior management across the organization

Monitor and reconcile bank accounts

Supporting the month end process where necessary

Manage and oversee bank account management function, opening closing of bank accounts, KYC, signatory management, bank account database management, GL set-up and H2H set-ups

Manage and oversee the IHC (In house cash/bank) flows and settlements, loans and interests with Bunge subsidiaries

Manage the online banking system, user management, bank admin function, credit card management and its associated controls

To oversee the see the FX dealing function, cash pooling and cash forecasting/planning process

Additional responsibilities:

Stakeholder management and actively perform governance and service reviews with stakeholders and business partners

Resolve queries within defined timelines

Manage a team of finance professionals, providing guidance, coaching, and mentoring to support their professional development.

Collaborate with other departments, including accounting, legal, and risk management, to ensure that financial policies and procedures are consistent with the company’s overall goals and objectives.

Support Officers in performing Cash & debt management accounting & reporting

Provide reports and run queries to assist APAC/Europe/US Finance Team in period end closing process

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

Provide all information, documents and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader.

File and archive relevant documents, SOPs.

Knowledge and Experience

Essential:

10-15 years of work experience managing a Treasury Function

Dealt in multiple currencies of FX, FX exposure reporting

Experience of KYC, account opening and closure with banks, E banking management, bank relationship management

Good understanding of hedges, SPOT, Forward, M2M

Experience in Agribusiness/Commodity trading industry preferred

Minimum Education Qualification – Graduation

Good knowledge of concepts and procedures related to Cash & debt management accounting & reporting

Ability to provide high quality level of customer service of FX/ Hedges / M2M

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.

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/SAP/Online Banking Portals

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 specially US shifts.

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. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status. Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled