Deputy General Manager - Settlements

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