Process Executive

1 week ago

Mohali, Punjab, India Bunge Full time

Role Purpose Statement

This 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 coworkers (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 coworkers (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/Dimensions


Responsible 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/Leadership
This 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, breakbulk and container shipments of Agricommodities, 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 Model_

Education/Experience

  • 45 years of work experience in a similar role (Veg Oil Trade Execution or Veg Oil Shipment Execution)


 Minimum Education Qualification
  • Graduation. Postgraduation would be an advantage.
  • MISC or CDCS (Added Advantage)
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 an

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