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Team Lead - Trade Execution

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Date: May 14, 2023

Location: PB, IN, 160059 PB, IN, 160017

Company: Bunge

                Job Title:              Specialist – Trade Execution, Bunge Business Services Mohali, India

                Reporting:           Reports directly to Trade Execution Manager


Job Purpose

                Bunge Limited (, 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 Chandigarh, India to support Asia Pacific operations in areas of Finance & Accounting, Trade Operations and Treasury.


                The Executive is responsible to execute shipments/vessels/Paper trade settlement and ensure flawless execution of commodity trade contracts. The Executive is also responsible for supporting in transaction processing & issue resolution.


Key Responsibilities

•             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.

•             Good knowledge in Paper trade settlement (Circles/ Washout/String).

•             Update vessel nomination details to Sellers and Buyers (counterparties)

•             Follow-up and get conformance on vessel nomination from counterparties

•             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

•             Nominate purchase/sales contracts in SAP system

•             Timely execute & settle purchase/sales contracts and Freight invoices 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

•             Identify and forward debit/credit note requests to co-workers (Finance team) for processing with required approvals from the Business Team

•             Negotiate Letters of Credit and Prepare shipping documents


Additional responsibilities:

•             Resolve execution related queries within defined timelines

•             Review and support Officers in trade execution of shipments/vessels and trade contracts

•             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.

•             File and archive relevant documents


Knowledge and Experience


•             3-4 years of work experience in a similar role

•             Relevant experience in handling bulk veg’s oil shipments comprising of soft oils and palm oils, with good knowledge of FOSFA & PORAM contracts’ rules

•             Minimum Education Qualification – Graduation. Post-graduation would be an advantage.

•             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


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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