Associate Manager - Trade Settlements

Bunge; Mohali; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Bunge in India seeks an Associate Manager - Settlements to ensure accurate and timely input of commodity purchase and sales orders/contracts in SAP, manage load orders for rail/truck/barge movements, and prepare daily reports.

The role collaborates with R2R, PTP and Risk to close books, resolve discrepancies, and drive process improvements, vendor relations, and efficient settlements across global operations.

Qualifications

• Desirable minimum 8-10 years of experience in International Agri-commodity execution/finance.
• Advanced in both written and verbal English.
• Knowledge of any other foreign language(s) would be an advantage.
• Computer proficiency (SAP, Analytical tools, MS Office).

Responsibilities

• Ensure contracts are executed in SAP in line with established SLAs, ensuring accurate and timely data input.
• Oversee and ensure proper contract management processes are followed for all global settlements transactions.
• Identify and resolve discrepancies in contract execution or system errors, in coordination with relevant departments.
• Manage and ensure zero aging of vendor dues by working closely with the accounts payable (PTP) team.
• Monitor payment cycles, address vendor queries, and ensure adherence to payment terms.
• Develop strong vendor relationships and proactively address any issues to ensure smooth financial settlements.
• Oversee the month-end reconciliation process, ensuring the accurate and timely reconciliation of all global settlements transactions.
• Collaborate with Record to Report (R2R), PTP, and Risk departments to ensure smooth and efficient close processes.
• Identify and resolve discrepancies during reconciliation and elevate issues as needed to senior management.
• Work closely with integrated departments (R2R, PTP, Risk, etc.) to ensure alignment of processes, data consistency, and accuracy.
• Facilitate seamless communication between global settlements and other finance teams to eliminate duplication of work and streamline processes.
• Provide thought leadership on how different functions can work together more efficiently.
• Lead process optimization initiatives to drive efficiency and effectiveness in global settlements operations.
• Identify opportunities to streamline workflows, automate manual processes, and reduce processing times

Skills

Customer focus

Continues Improvement

Education

Degree in Business Administration, Logistics or related field

Tools

SAP

MS Office

Analytical tools

Job description

The overall responsibility of the Associate Manager -Settlements is to ensure accurate and timely input of commodity purchase and sales orders/contracts including amendments in the system (SAP), load order creation and application for Rail, Truck and Barge movements, create and apply tickets in SAP, Purchase and sales execution in SAP, freight adjustments, quality claim settlement, payment proposal creations as well as preparation of daily reports as per business requirement

Main Accountabilities

• Ensure all contracts are executed in SAP in line with established SLAs, ensuring accurate and timely data input.
• Oversee and ensure proper contract management processes are followed for all global settlements transactions.
• Identify and resolve any discrepancies in contract execution or system errors, in coordination with relevant departments.
• Manage and ensure zero aging of vendor dues by working closely with the accounts payable (PTP) team.
• Monitor payment cycles, address vendor queries, and ensure adherence to payment terms.
• Develop strong vendor relationships and proactively address any issues to ensure smooth financial settlements.
• Oversee the month-end reconciliation process, ensuring the accurate and timely reconciliation of all global settlements transactions.
• Collaborate with Record to Report (R2R), PTP, and Risk departments to ensure smooth and efficient close processes.
• Identify and resolve discrepancies during reconciliation and elevate issues as needed to senior management.
• Work closely with integrated departments (R2R, PTP, Risk, etc.) to ensure alignment of processes, data consistency, and accuracy.
• Facilitate seamless communication between global settlements and other finance teams to eliminate duplication of work and streamline processes.
• Provide thought leadership on how different functions can work together more efficiently.
• Lead process optimization initiatives to drive efficiency and effectiveness in global settlements operations.
• Identify opportunities to streamline workflows, automate manual processes, and reduce processing times

Knowledge and Skills

Behavior

Improve Bunge's outcomes by making data-driven decisions, keeping the customer at the forefront of all they do, and proactively gaining insight into the global strategy.

Collaborate, effectively communicate with others and take initiative to continually develop themselves.

Pursue opportunities to solve problems and take action while maintaining the ability to manage work, even in times of challenge or change.

• Customer Focus.
• Continues Improvement.

Decision-Making

• Attention to details, process oriented and analytical skills.
• Flexible and adaptive to changing conditions in the business/market environment.
• Work well as part of a team to achieve a common objective.
• Effective decision making and problem solving

Education & Experience

• Degree in Business Administration, Logistics or related field.
• Desirable minimum 8-10 years of experience in International Agri-commodity
• execution/finance.
• Advanced in both written and verbal English. Knowledge of any other foreign language(s) Would be an advantage.
• Computer proficiency (SAP, Analytical tools, MS Office).