Commodities Middle Office Analyst

hace 2 semanas


Panamá, Panamá, Panamá Nestle A tiempo completo

Position snapshot

Location:
Panama City, Panama

Company:
Nestrade Procurement Division

Act

Rate:
Full-Time Act. Rate 100 %

Type of contract:
Temporary Contract - 8 months

Genuine opportunities for career development, training, and personal development.

Attractive and dynamic international working environment.

Modern "smart office" locations providing agile & collaborative workspaces.

Position summary
We are currently looking for a

Commodities Middle Office Analyst to be based at our Procurement Hub in Panama City, Panama.


Reporting directly to the Head of Risk & Compliance for Nestrade, you will responsible for facilitating the execution of hedges, providing accurate and relevant reporting regarding hedging performance, and ensuring full compliance with nestle Accounting Standards.


Procurement at Nestlé


As strategic partner to the business, we help the company achieving sustainable growth and we ensure responsibly sourced supply and value creation.

Located in hubs in Switzerland, Panama and Malaysia, our division provides a range of services, including the management of procurement for specific raw materials, packaging, indirect materials and other services.

We also support markets with managing local spend.

For you, this will be the opportunity to become a real strategic partner - delivering sustainable value and working with the business, for the business.


A day in a life of a Commodities Middle Office Analyst

  • Performing the daily reconciliation of Commodity Derivatives, and investigating and resolving discrepancies.
  • Reviewing new positions against authorised trading limits and approved policy and highlighting any deviations to Management.
  • Preparing Position reports & monitoring daily margin requirements
  • Extracting daily trades from system for regulatory reporting purposes
  • Performing P&L & Market to Market reporting, and reviewing Hedge Effectiveness calculations and postings. Ensuring this impact is understood by the business.
  • Middle Office activities as required (Analysis, implementation of additional controls, etc)
  • Maintaining documentation for derivatives & for Audit purposes
  • Providing training to system users and contribute to systems development.
  • Ensuring best practices are shared, whilst focusing on simplification, standardisation and automation

What makes you successful

  • University/ Master's Degree in Finance or Accounting / Management Accounting Certification would be an asset
  • 24 years experience in Finance & Control or a Treasury related function
  • Strong analytical skills
  • Fluency in the English language is essential (other languages are a plus)
  • Knowledge of SAP (in particular the FI and CO modules) is preferred

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