Process Executive - Trade Contracts

Bunge View all jobs

  • Mohali, Punjab
  • Permanent
  • Full-time
  • 1 month ago
City : Mohali State : Punjab (IN-PB) Country : India (IN) Requisition Number: 43334Role Purpose StatementThis position is responsible to execute shipments/vessels and ensure flawless execution of commodity trade contracts, which services the Asia Pacific Oils Execution/operations for Bunge. This is an Individual contributor role with an added responsibility of controlling product Specific Execution, Position File with commercial & appointment of Surveyor /Shipping agents .Main Accountabilities:
  • Follow-up and gather information on shipment to be executed - vessel selection and confirmation from the Business Team
  • Perform vessel screening to ensure compliance as per Bunge Global guidelines - Review of reports, Check availability of vessel charter party agreement, vessel certificates and others
  • Gather information on contracts nominated on the vessel to be executed from the Business Team
  • Update vessel nomination details to Sellers and Buyers (counterparties)
  • Follow-up and get conformance on vessel nomination from counterparties
  • Update and maintain vessel master status files
  • Create contract vessel and parcel in SAP system, and Nominate purchase/sales contracts in SAP system
  • Timely execute & settle purchase/sales contracts in SAP system
  • Receive freight and purchase invoices from sellers and forward it to co-workers (Finance team) for payments processing
  • Negotiate Letters of Credit and Prepare shipping documents
  • Prepare and issue cargo stowage plans for CDSBO vessels to India. Aligned with commercial to maximize the intake.
  • Finalize the Surveyor & Shipping agents to be appointed on CDSBO vessels and Monitor their Service delivery.
  • Provide guidance and inputs to co-workers (Documents team) on documents to be prepared for vessel execution for submission to internal and external stakeholders
Additional responsibilities:
  • Resolve execution related queries for the team & self within defined timelines
  • Provide reports and run queries to assist the Finance Team in period end closing process
  • Identify 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
  • Provide all information, documents and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader.
Impact/DimensionsResponsible to unlock the business value linked to the commodity contract by flawless execution of at-least 40 + vessels of around 20 Billion USD. Ensure Execution team is complying with SOX & Audit requirements under CON-0303, 08 & 09.Key Performance Indicators (KPIs)
  • Timeline of completion of Execution Life Cycle (From BL date to Presentation Date). Baseline for best in Class TAT is 5 Days.
  • Control of Payment Collections from Buyer (Within Contractual Payment Deadline
Major Opportunities and Decisions
  • Highly organized and able to work within required timeliness and applicable KPI's
  • Strong customer service, communication skills/soft skills
  • Attention to details, process oriented and analytical skills
  • Work well as part of a team to achieve a common objective
Management/LeadershipThis is an Individual contributor role and Management/Leadership skills are not mandated for this role. However this role is to be developed as a 2 Tier within 2-3 years to replace the Team Lead Trade Execution. IDP's should be assigned after confirmation on this particular role.Key Relationships, Stakeholders & Interfaces:This is a role that interacts with trading, freight, execution, controlling, accounting, finance desks of Bunge Asia Region.Knowledge and Technical Competencies:
  • Relevant experience in handling bulk, break-bulk and container shipments of Agri-commodities, with good knowledge of GAFTA and NAEGA contracts' rules.
  • Good knowledge of concepts and procedures related to shipment of trade commodities and related terms & guidelines, including expertise in Letters of credit and shipping documents
  • Strong written & oral communications skills in English. Knowledge of European languages added advantage
  • Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)
  • Experience in working with SAP system (Added Advantage)
Note: For behavior competencies please refer to the Bunge Leadership ModelEducation/Experience
  • 4-5 years of work experience in a similar role (Veg Oil Trade Execution or Veg Oil Shipment Execution)
  • Minimum Education Qualification - Graduation. Post-graduation would be an advantage.
  • MISC or CDCS (Added Advantage)
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed-in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Learn more at Bunge.com.Every day our people exemplify these values, which represent Bunge at its core:
  • We Are One Team - Collaborative, Respectful, Inclusive
  • We Lead The Way - Agile, Empowered, Innovative
  • We Do What's Right - Safety, Sustainability, With Integrity
If this sounds like you, join us! We value and invest in people who believe in our purpose and are excited to live it every day - people who are #ProudtoBeBunge

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