Team Lead - Trade Execution

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Date: Mar 29, 2024

Location: PB, IN, 160059

Company: Bunge

Business Title: Team Lead- Trade Execution    

Reports to (position): Manager/Senior Manager Trade Operations    
Global Function: Trade Operations    Global Department: Trade Operations             
            
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 Team Lead will be responsible for full operational control and end-to-end Shipment and Washout Execution  for the commodities. He is responsible to distribute and manage the workload distribution (Number vessels, LCs transactions) , Documentations and final presentation to unlock the business value associated with the trade within the agreed timeline under global KPIs. 


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
•    Reconcile trader’s spreadsheet and contracts filed in system for contracts allocated
•    Update vessel nomination details to Sellers and Buyers (counterparties)
•    Ensure Vessel agents are screened okay and onboard in TPRM system of Bunge Compliance team.
•    Prepare and issue cargo stowage plans
•    Request the Business Team to nominate surveyors and load port agents for the vessel
•    Monitor loading/discharge operations and coordinate with surveyors and load port agents
•    Send regular updates to Buyers on the vessel status
•    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 
•    Provide guidance and inputs to co-workers (Documents team) on documents to be prepared for vessel execution for submission to internal and external stakeholders
•    Receive freight and purchase invoices from sellers and forward it to co-workers (Finance team) for payments processing
•    Perform Month End Checks for Team and ensure accounting queries are resolved within the agreed deadline 
•    Identify and forward debit/credit note requests to co-workers (Finance team) for processing with required approvals from the Business Team
    
Impact/Dimensions 
Responsible for best in class execution of around 24 Million Tons of Agri Products shipped on around 200 vessels.
Manage & Ensure Timely delivery on the Audit/Sox Queries for Bunge .
Identify & Generate Lean ideas in the Trade Execution Process to make it efficient.


Key Performance Indicators (KPIs)
•    Reduce the Cash Cycle for trade flows under different value chains .
•    Target minimum 90 % accuracy in Documents Preparation, and Presentation 
•    Maintain Documents presentation time line within 10 working days overall average .
•    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 required timeliness and applicable KPI’s
•    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
•    Work well as part of a team to achieve a common objective
•    Effective decision making and problem solving


Key Relationships, Stakeholders & Interfaces 
This is a role that interacts with trading, freight, Origin execution, controlling, accounting, finance desks across the regions Bunge serves.


Knowledge and Technical Competencies 

•    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
•    Ability to provide high quality level of customer service to internal & external stakeholders involved in contract execution & settlement
•    Ability to work independently, efficiently and deliver high quality output under time pressure
•    Independent and meticulous with figures
•    Strong written & oral communications skills in English. Knowledge of European languages added advantage.
•    Strong problem solving & organization skills
•    Experience in managing people and processes through a sustained period of change
•    Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)

Experience in working with SAP system

 

Education/Experience 
•    7-8  years of work experience in a similar role
•    Relevant experience in handling bulk, break-bulk and container shipments of Agri-commodities, with good knowledge of GAFTA and NAEGA contracts’ rules.. 
•    Minimum Education Qualification – Graduation. Post-graduation or MBA International Business would be an advantage.

Distinct Advantage
•    Experience working in a similar Shared Services Centre setup
•    Experience in processing of high volumes of transactions
•    Experience in workflow tools and document imaging systems
•    Strong customer service, communication skills/soft skills
 

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


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