Associate Manager-FX-COE

• 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
• Should be able to understand and track FX movements in different segments like inventory, purchase, invoicing, spends etc
• Should have understanding different sub-ledgers and general ledger and chart of accounts
• Reporting of Cash position to senior management
• Calculation of MTM on Hedges & Derivatives

Additional responsibilities:

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

Educational Qualification & Skills required:

• Chartered Accountant with an experience of 10-12 Years
• Experience in Commodity/FMCG Companies will be an added advantage
• Team management is desirable

Knowledge and Experience

Essential:

• Good knowledge of concepts and procedures related to Hedge 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 derivative market will be an added advantage
• 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/ Accounting systems/SAP/Online Banking Portlas

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