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 35,000 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 Mohali, India to support Global Operations in areas of Finance & Accounting, Trade Operations, Treasury and IT Support and other back-office support Services

 

The overall responsibility of the Settlement Associate Team Lead will be supervising the team for smooth execution and implementation of settlement related activities ensuring KPIs are met, stakeholder management, work load distribution, addressing queries/issues raised by team and resolving them, impart knowledge and support to the team and overseeing projects, project management, planning and development and successful roll out and implementation, with ultimate goal of building an efficient, customer centric and self-reliant Settlement team.

 

Main Accountabilities:

 

Ensure all KPIs are met on a daily basis. Domain knowledge of international trade, gauge complete understanding to be SME of the process. Supervision and close coordination with team on daily activities. Be first point of contact for the team -Handle teams queries, Issues and concerns effectively. Close coordination with internal and external interfaces on day to day activities. Managing Vendor queries. Follow-up and coordination with Vendors for revised invoices. Monitor the status of the activities and report upward to Manager. Responsible for timely processing and posting of invoice for payment, Interco, 3rd Party vendor invoices. Ensure timely filing of document for retention, in accordance with Company’s policies and procedure requirements. Effective communication on all day-to-day operational related activities with various stakeholders. Adapt and quickly get hands on to the new introduced applications and process and in turn train the team to learn and adapt for achieving better result and desired outcome. ( SEDNA, Billing machine and service now ) Work in coherence to achieve self and team goals.

 

 

Additional responsibilities:

 

Ensure SOPs are diligently followed, and compliance checks are always in place, Control mechanism, quality checks, manage the process, propose solutions. Ensure all daily, weekly and monthly reports send on time. Daily status updates and report issues to the Team lead/manager for timely resolution Ensuring close coordination with team to have smooth closure of month end activities. Identify and propose ways of process improvement as per Industry leading practices. Drive and ensure successful implementation of internal projects. Provide guidance and support to the team, knowledge sharing and best practices.

 

Impact/Dimensions (Describe the strategic impact of the role / Using dollars and/or numbers, list the pertinent statistics of the position which clarify major areas of impact.  Examples are: # of employees supervised, annual budget, annual sales/revenue):

 

Responsible for ensuring on time and accurate posting and payment of Invoices. Also targeting towards business KPI improvement by improving the TAT and Accuracy on Invoices processing.

 

Key Performance Indicators (KPIs):

 

Target to achieve 99% TAT and 98% accuracy for Invoice posting in SAP Ensure timeline for Invoice review and posting well within/by Invoice due date. Deliver efficiency of around 10 % in the process flow by continuous improvement and eliminating unproductive methodology.

 

Major Opportunities and Decisions:

 

Highly organized and able to work within tight timeliness and applicable KPIs Flexible and adaptive to changing conditions in the business/market environment Strong customer service, communication skills/soft skills Attention to details, process oriented and analytical skills Effective decision making and problem solving Computer proficient (SAP, Analytical tools, MS Office). Work well as part of a team to achieve a common objective

 

Management/Leadership:

 

This is a people centric role. Requiring close coordination with team on day today activities and requires leadership skills with good interpersonal skills to be able to work in coherence with the team and drive efficiency. Domain knowledge and understanding of end-to-end Settlement process.  

 

Key Relationships, Stakeholders & Interfaces:

 

This is a role that interacts with trading, legal, execution, controlling, accounting, finance, tech Support teams like IT, EDM and SAP team across regions Bunge servers along with interaction externally with Vendors, Customers and brokers.

 

 

Knowledge and Technical Competencies:

 

Relevant experience in Trade execution /Settlements/finance. Good knowledge of concepts and procedures related to Settlements Ability to work independently, efficiently and deliver high quality output under time pressure Experience in managing people and processes through a sustained period of change Strong written & oral communications skills in English. Knowledge of any other foreign languages will be an added advantage Computer proficient and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook). Experience in working with SAP system.

 

Note: For behavior competencies please refer to the Bunge Leadership Model

 

Education/Experience:

3-5 years of work experience in a similar role or with International Commodity company. Minimum Education Qualification – Graduation, Post-graduation or MBA in International Business would be an advantage.

Relevant experience in handling settlements and understanding of trade execution process is desirable.

Bunge (NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

 

Bunge is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status.  Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled