Team Lead - Trade Execution

Bunge

  • Saint Louis, MO White Plains, NY
  • Permanent
  • Full-time
  • 9 days ago
Team Lead - Trade ExecutionReporting to-Manager/Senior ManagerSize of team reporting in and type -2-3 team membersRole Purpose StatementBunge 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
Knowledge and SkillsBehavior
  • Use knowledge of Bunge's business, structure and strategy to develop innovative solutions to improve results or eliminate problems.
  • Build partnerships, appropriately influence to gain commitment, foster talent and coach others to grow in current or future roles..
  • Drive results through high standards, focus on key priorities, organization, and preparing others for change."
Technical
  • 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.
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. Veterans/Disabled

Bunge