Team Lead - Treasury

Location :Mohali

City :Mohali

State :Punjab (IN-PB)

Country :India (IN)

Requisition Number :40580

Business TitleTeam Lead - TreasuryGlobal Job TitleSr Anl Finance TreasuryGlobal FunctionBusiness ServicesGlobal DepartmentFinance TreasuryOrganizational LevelReporting toTreasury Manager or AGM TreasurySize of team reporting in and typeNARole Purpose StatementBunge Limited ( NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 25000 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 addition the Executive is also responsible for supporting Officers in transaction processing & issue resolution.Main Accountabilities Manage FX Settlements of multiple currencies for various countries/geographies
Oversee the administration of all bank operating accounts including access to controls over electronic banking.
Processing manual FX/TSF Payments & get approval done from respective authorized signatories
Fund forecasting budgeting and cash management on daily basis
Providing data to Banks for working capital facilities with banks and putting in place relevant documentation for any new and existing bank facilities and accounts
Perform FX Confirmation reconciliation and coordinate with traders/counterparty bank in case of discrepancy
Collection of various kind of data from different teams to obtain credit ratings for BIPL
Negotiate with banks and obtain best interest for surplus deposits
Issuance and closure of bank guarantees needs to be submitted to various tax/regulatory authorities
Responsible for closure of IDPMS and EDPMS in bank database to avoid any penalty from Central Bank
Provide underlying documents for imports and exports of BIPL
Responsible to fx deals confirmed from signatories and coordinate with banks in case of discrepancies
Reporting of Cash position to senior management
Responsible for filing return of foreign assets and liabilities to Central Bank (RBI in case of India)
Reporting of Daily cash balance to senior management
Responsible for arrangement of funds from banks in case of short fall of funds
Responsible to submit regulatory documents/annexures mandatory by Central Bank of India
Calculation of MTM on Hedges & Derivatives
Monitor of Bank Limits
Co- ordinate between teams like R2R/P2P/O2C and resolve issues if any
Handle queries from auditors and SOX teams and ensure data is being provided on time
Preparation of debt forecast and its variance analysis (planned v/s actuals) & commentary
Prepare & submit Indebtedness report as per defined schedule
Liaising with senior management across the organization
Involving in KYC process of banks bank-mandates account opening & closure etc of multiple countries
Handling month end/Quarter End process where necessaryIdentify 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

Knowledge and SkillsBehaviorImprove Bunges outcomes by making data-driven decisions keeping the customer at the forefront of all they do and proactively gaining insight into the global strategy.
Collaborate effectively communicate with others and take initiative to continually develop themselves.
Pursue opportunities to solve problems and take action while maintaining the ability to manage work even in times of challenge or change.Technical 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
Dealt in multiple currencies of FX FX exposure reporting
Good understanding of hedges SPOT Forward M2M
Experience in Agribusiness/Commodity trading industry preferredEducation & Experience 7-9 years of work experience in treasury operations & cash management
Should posses strong stakeholder management skills
Minimum Education Qualification Graduation
Ability to work independently efficiently and deliver high quality output under time pressure
Independent and meticulous with figures
Experience of KYC account opening and closure with banks
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/ Accounting systems/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 including US shifts

Bunge (NYSE: BG) is a world leader in sourcing processing and supplying oilseed and grain products and ingredients. Founded in 1818 Bunges expansive network feeds and fuels a growing world creating sustainable products and opportunities for more than 70000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis Missouri and has 25000 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