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Position snapshot

Location: Panama City, Panama

Company: Nestrade Procurement Division

Act. Rate: Full-Time Act. Rate 100 %

Type of contract: Permanent contract

Position summary

We are currently looking for a highly experienced 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 be responsible for facilitating the execution of hedges, providing accurate and relevant reporting regarding hedging performance, and ensuring full compliance with Nestlé 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 the 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 derivatives compliance with guidelines, whilst focusing on simplification, standardisation and automation

What will make you successful

• University/ Master’s Degree in Finance or Accounting / Management. Accounting Certification would be an asset

• 3-5 years experience in Finance & Control, or a Treasury related function

• Strong analytical and organizational skills with attention to detail

• Ability to work independently and as part of a team

• Extensive knowledge of MS Office applications - in particular Excel

• Fluency in the English language is essential (other languages are a plus)

• Knowledge of SAP (in particular the FI and CO modules) is preferred.

If your profile matches our needs we will be looking forward to receiving your application. Please visit www.nestle.com/jobs and apply in English .

#Nestradecareers

At Nestlé, we want to help shape a better and healthier world, inspire people to live healthier lives and deliver impact at a scale and pace that makes a difference. We do this by fostering a diverse, friendly, supportive, and collaborative environment, that creates positive disruption, embraces innovation, and empowers people and teams to win.

We aim to hire friendly, respectful, inspiring people who care about the people’s lives that we touch every single day.

Be a force for good. Join Nestlé and visit us on www.nestle.com .