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BU
Senior Process Associate - Trade Execution
BungePB, IN, 160059full_timeVerifiedPosted 20 Dec 2024
About the role
Job Description
Business Title
Senior Process Associate –Trade Execution
Global Function
Business Services
Global Department
Global Trade Execution
Reporting to
Team Lead-Trade Contract
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 ultimate goal of building and efficient execution team.
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 co-workers (Finance team) for payments processing
• Negotiate Letters of Credit and Prepare shipping documents 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. Technical • Relevant experience in handling entry and issuance of commodity contracts for bulk and container shipments of Agri-commodities, with good knowledge of GAFTA, FOSFA contracts’ rules.
• Good knowledge of concepts and procedures related to contract life cycle of commodity contracts and execution, related terms & guidelines, including expertise in Incoterms, logistics and shipping documents.
• Ability to work independently, efficiently and deliver high quality output under time pressure
• Experience in managing people and processes through a sustained period of change
• Strong written & oral communications skills in English. Knowledge of any other foreign languages will be an added advantage
• 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 co-workers (Finance team) for payments processing
• Negotiate Letters of Credit and Prepare shipping documents 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. Technical • Relevant experience in handling entry and issuance of commodity contracts for bulk and container shipments of Agri-commodities, with good knowledge of GAFTA, FOSFA contracts’ rules.
• Good knowledge of concepts and procedures related to contract life cycle of commodity contracts and execution, related terms & guidelines, including expertise in Incoterms, logistics and shipping documents.
• Ability to work independently, efficiently and deliver high quality output under time pressure
• Experience in managing people and processes through a sustained period of change
• Strong written & oral communications skills in English. Knowledge of any other foreign languages will be an added advantage
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