Product Finance Manager

Product Finance Controller
Function Product Finance – Cocoa Trading Location Dubai
Reporting Deputy Group CFO Key Partners Trading, Treasury, Ops, Procurement, Sales
Owns end-to-end financial control, performance reporting and risk monitoring for the Cocoa business — product P&L, commodity/FX exposure, M2M,
inventory, working capital and hedging — as finance business partner to Trading, Operations, Treasury and Corporate Finance.
Key Responsibilities
1. Product P&L
• Own and review Cocoa P&L — physical, futures, FX, differentials, claims,
demurrage and inventory M2M.
• Investigate P&L movements by origin, destination, contract and shipment;
provide variance commentary.
2. M2M & Valuation
• Own monthly/daily Cocoa M2M for physical and futures positions; validate
against contract terms and market prices.
• Reconcile M2M to SAP, monitor fixed/unfixed contracts and rollover
impact, and control valuation assumptions.
3. Commodity Risk & Exposure
• Monitor long/short exposure, open contracts and pricing/currency
exposure against approved risk limits.
• Flag material exposures and ageing open positions to senior management
for timely resolution.
4. Futures & Hedge Performance
• Validate futures purchases, sales, rolls and square-offs against physical
exposure.
• Analyze hedge P&L, rollover cost and futures-to-physical reconciliation
with Trading and Treasury.
5. FX Exposure & Hedging
• Track currency exposure from fixed/unfixed sales & purchases, debtors,
payables and cash movements.
• Coordinate FX hedging with Treasury; reconcile hedge settlements and
realized gain/loss to SAP.
6. Inventory & Stock Control
• Reconcile Cocoa inventory (origin, warehouse, port, contract) between
operations and SAP.
• Investigate stock differences, unbooked movements and inventory M2M
valuation impact.
7. Claims, Provisions & Demurrage
• Control weight/quality claims and ensure accurate booking and recovery
from suppliers/customers.
• Review demurrage provisions vs actuals by shipment; track ageing and
recoverability.

8. Working Capital & Cash Flow
• Monitor receivable/payable/inventory days and cash conversion cycle; flag
overdue receivables.
• Analyze payment → shipment → BL → invoicing → collection linkage and
cash-flow needs.
9. Budgeting & Forecasting
• Coordinate annual budget/forecast — revenue, margin, direct/logistics
cost, demurrage, working capital.
• Perform Budget vs Actual analysis and explain variances against actual
trading performance.
10. MIS, BRM & Reporting
• Own monthly MIS/BRM covering P&L, volume, margin, M2M, FX,
inventory, risk and working capital.
11. SAP, Data & Financial Control
• Reconcile SAP against M2M, Xceler, futures, stock and Treasury/FX
records; resolve differences.
• Strengthening controls over manual entries, provisions, M2M and
reclassifications.
12. Commercial Business Partnering
• Partner with Trading, Procurement, Sales, Operations, Logistics, Treasury
and Corporate Finance.
• Interpret pricing, fixation, futures allocation, contract rolls and working-
capital impact for the business.
13. Controls & Governance
• Ensure compliance with policies/SOPs and document M2M, provisions,
claims and hedge accounting.

Key KPIs
P&L accuracy · M2M/SAP reconciliation · exposure vs risk limits · futures & FX hedge reconciliation · inventory vs SAP · working-capital days · claims & demurrage
recovery · Budget vs Actual accuracy · timely MIS/BRM · reduction in reconciliation exceptions · timely resolution of financial risks.
Qualifications & Experience
• Qualified CMA / CA / ACCA / CPA or equivalent, with strong experience in commercial, product or commodity/trading finance.
• Proven experience in P&L ownership, management reporting, budgeting and forecasting; exposure to commodity M2M, derivatives, inventory and working-
capital management is highly relevant.
• Strong SAP financial control background and ability to work closely with cross-functional commercial and operational teams.