Team Lead - Treasury

Business Title Team Lead - Treasury Global Job Title Sr Anl Finance Treasury Global Function Business Services Global Department Finance Treasury Organizational Level Reporting to Treasury Manager or AGM Treasury Size of team reporting in and type NA Role Purpose Statement 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 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. 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 Skills Behavior Improve 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 preferred Education & 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