Deputy General Manager - Settlements

Bunge; Mohali; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Bunge in Mohali, Punjab seeks a Deputy General Manager – Trade Settlements to lead global settlements, ensure accurate ERP management, timely month-end closes, robust reconciliations, and precise P&L impact across all commodity value chains. The role serves as the pivotal link between MtM, RTR, Trade Contracts, Execution, and Controlling.

You will establish Bunge‑standard processes, enhance controls, drive automation, and enable a seamless, error‑free settlement environment that supports

Qualifications

• Graduate degree required; Post‑Graduation or MBA preferred.
• 12–18 years of experience in Trade Execution/Settlements/Finance, with minimum 5 years in leadership roles.
• Experience in global agribusiness, commodities, shared services, or high‑volume transactional environments preferred.

Responsibilities

• Lead end‑to‑end settlement activities across contracts, pricing, invoicing, and ERP accuracy.
• Oversee settlement flows for Rail, Truck, Container, and Barge movements with compliance.
• Manage month‑end close, reconciliations, and P&L accuracy across all trade events.
• Collaborate with Mark‑to‑Market, RTR and Commercial Finance for valuations and reporting.
• Coordinate with Trade Execution, Freight, Controlling, and Commercial teams to ensure data flow.
• Strengthen internal controls and audit readiness across settlement processes.

Skills

SAP (S/4HANA)

Excel

P&L analysis

Data integrity

Workflow tools

Document imaging

Trade settlements

Education

Graduate degree

MBA preferred

Tools

ERP systems (SAP)

Job description

Job Description:

City: Mohali State: Punjab (IN-PB) Country: India (IN) Requisition Number: 44651

Role Purpose Statement

The Deputy General Manager – Trade Settlements will lead Bunge’s global settlements function, ensuring accurate ERP management, timely month‑end close processes, robust reconciliations, and precise P&L impact capture across all commodity value chains. The role serves as the pivotal link between Mark-to-Market (MtM), Record-to-Report (RTR), Trade Contracts, Execution, and Controlling, ensuring completeness, accuracy, and compliance in all settlement‑related activities.

The role is responsible for establishing Bunge‑standard processes, enhancing controls, driving automation, and enabling a seamless, error‑free settlement environment that supports high‑quality reporting and analytics.

Main Accountabilities

1. Leadership of Global Settlements Operations

• Lead end‑to‑end settlement activities across purchase and sales contracts, including order validation, ticketing, pricing application, freight adjustments, invoice issuance, and transactional accuracy in ERP systems.
• Oversee all settlement flows for Rail, Truck, Container, and Barge movements with strict adherence to contractual, financial, and compliance standards.
• Ensure timely and accurate handling of quality claims, adjustments, credit/debit notes, and revenue/cost finalization.

2. ERP Management & Data Integrity

• Own master data and transaction accuracy in SAP, ensuring correct application of pricing components, billing strings, ticket data, and contract amendments.
• Maintain governance for data quality, exception handling, and root‑cause corrective actions.
• Partner with IT/ERP teams on enhancements, fixes, and automation opportunities.

3. Month‑End Close, Reconciliations & P&L Accuracy

• Lead the entire month‑end settlement cycle:
• Open/close activities
• Reconciliation of open contracts, ticket status, freight accruals, and pending invoices
• Validation of quantity and pricing impacts
• Ensure complete and accurate P&L reflection by validating all trade events impacting gross margin, accruals, and cost of goods sold.
• Partner with RTR to ensure timely closing, accurate balances, and audit support.

4. Coordination with Mark-to-Market, RTR & Commercial Finance

• Work closely with the Mark‑to‑Market team to ensure timely valuation of exposures, contract positions, and adjustments.
• Ensure alignment on pricing curves, valuation dates, and settlement cut‑offs.
• Collaborate with RTR on reconciliations, provisioning, accrual accuracy, and financial reporting compliance.

5. Cross‑Functional Collaboration

• Maintain close coordination with Trade Execution, Trade Contracts, Freight, Controlling, and Commercial to ensure smooth flow of settlement information.
• Resolve discrepancies related to quantity, pricing, documentation, freight, and quality in collaboration with execution teams.
• Serve as a senior escalation point for internal and external stakeholders.

6. Controls, Compliance & Audit Readiness

• Strengthen internal controls across settlement processes, including segregation of duties, approval matrices, and documentation trails.
• Ensure compliance with GAFTA/FOSFA/ANEC/NAEGA/ICA frameworks where applicable.
• Prepare for internal/external audits and drive remediation actions.

7. Process Excellence & Automation

• Drive continuous improvement initiatives, leveraging analytics, workflow tools, and automation to increase accuracy and reduce cycle time.
• Lead transition and standardization programs across business units for a unified global settlement model.
• Build playbooks/SOPs for global consistency and future scalability.

8. People Leadership

• Manage, coach, and develop a team of analysts and managers across multiple locations.
• Foster a high‑performance culture emphasizing accuracy, accountability, and continuous learning.
• Align team capability with Bunge’s strategic direction and BBS “Partner of Choice” ambitions.

Knowledge and Skills

Behavior

• Make decisions aligned to Bunge’s global strategy, business needs and financial goals and explore new perspectives by driving innovation.
• Cultivate strong relationships and networks, effectively influence others, and develop talent to excel in their current and future roles.
• Develop data driven strategies aligned with Bunge’s priorities, energize others to action through clear and compelling communication."

Technical

• Strong knowledge of SAP (S/4HANA preferred), including settlement modules, billing strings, master data, pricing, ticketing, and freight components.
• Strong understanding of trade contracts, commodity pricing structures, and cost components.
• Working knowledge of International Trade Execution, documentation, and quality/quantity settlement mechanisms.
• Advanced Excel skills (data analysis, reconciliation models).
• Proficiency in workflow tools and document imaging systems.
• Ability to interpret and validate Mark‑to‑Market and P&L impacts."

Education & Experience

• Graduate degree required; Post‑Graduation or MBA preferred.
• 12–18 years of experience in Trade Execution/Settlements/Finance, with minimum 5 years in leadership roles.
• Experience in global agribusiness, commodities, shared services, or high‑volume transactional environments preferred
• 12–18 years of experience in Trade Execution/Settlements/Finance, with minimum 5 years in leadership roles.
• Experience in global agribusiness, commodities, shared services, or high‑volume transactional environments preferred

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"

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.

• 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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