Associate Team Lead – Trade Contracts

Location : Mohali 

City : Mohali 

State : Punjab (IN-PB) 

Country : India (IN) 

Requisition Number : 35187 

Role Purpose Statement

Bunge 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 overall responsibility of this role will be supervising the team for smooth execution and implementation of contract related activities ensuring KPIs are met, stakeholder management, work load distribution, addressing queries/issues raised by team and resolving them, impart knowledge and support to the team and overseeing projects related to CLM, DocuSign, project management, planning and development and successful roll out and implementation, with ultimate goal of building an efficient, customer centric and self-reliant Contract admin team.

Main Accountabilities:

• Ensure all KPIs are met daily.
• Domain knowledge of Agri-contracts, gauge complete understanding to be SME of the process.
• Ability to impart knowledge to the team.
• Supervision and close coordination with team on daily activities.
• Be first point of contact for the team -Handle teams queries, Issues, and concerns effectively.
• In-put of purchase and sale contracts and relevant amendments.
• Allocation of futures pricing, rolling of futures pricing and overfill / underfill pricing.
• Creation of master data request for new contractual counterparties.
• Issuance of contracts using Bunge standard terms and review of third party issued contracts.
• Monitor the status of the activities and report upward to Manager. Responsible to ensure accuracy of Contract Admin metrics reported.
• Ensure timely filing of document for retention, in accordance with Company’s policies and procedure requirements.
• Effective communication on all day-to-day operational related activities with various stakeholders.
• Adapt and quickly get hands on to the new introduced applications and process and in turn train the team to learn and adapt for achieving better result and desired outcome. (SEDNA, DocuSign and CLM)
• Work in coherence to achieve self and team goals.

Additional responsibilities:

• Ensure SOPs are diligently followed, and compliance checks are always in place, Control mechanism, quality checks, manage the process, propose solutions.
• Ensure all daily, weekly, and monthly reports send on time.
• Daily status updates and report issues to the manager for timely resolution
• Ensuring close coordination with team to have smooth closure of month end activities.
• Identify and propose ways of process improvement as per Industry leading practices.
• Drive and ensure successful implementation of internal projects.
• Lead User Accessibility Testing (UAT).
• Ensuring SOX and other statutory requirements are met, and all information, documents and reports provided by the team for audit. Post the audit; ensure corrective and preventive action plan set and successfully implemented in the Team.
• Provide guidance and support to the team, knowledge sharing and best practices.

Impact/Dimensions

• Responsible for ensuring on time and accurate entry of the +45,000 transactions in SAP, and timely issuance of the +7000 contracts ensuring its legal enforceability with intact $ value. Also targeting towards business KPI improvement by improving the lifecycle of contracts (CLM) across value chains.

Key Performance Indicators (KPIs)

• Target to achieve 99% TAT and 98% accuracy for Contract entry (Purchase /Sales) in SAP
• Ensure timeline for Contract drafting and signing within 1 working day, maintaining 100% accuracy.
• Overall Timeline contract issuance (from the date of receipt of Biz com to sending the signed copy to the Counterpart). Baseline for best in Class TAT is 3 working days.
• Deliver efficiency of around 10 % in the process flow by continuous improvement and eliminating unproductive methodology.

Major Opportunities and Decisions

• Highly organized and able to work within tight timeliness and applicable KPIs.
• Flexible and adaptive to changing conditions in the business/market environment.
• Strong customer service, communication skills/soft skills
• Attention to details, process oriented and analytical skills.
• Effective decision making and problem solving.
• Computer proficient (SAP, Analytical tools, MS Office).
• Work well as part of a team to achieve a common objective.

Management/Leadership

This is a people centric role. Requiring close coordination with team on day today activities and requires leadership skills with good interpersonal skills to be able to work in coherence with the team and drive efficiency. Domain knowledge and understanding of end-to-end process is a must with good understanding of contract rules, GAFTA, FOSFA etc. 

Key Relationships, Stakeholders & Interfaces

This is a role that interacts with trading, legal, execution, controlling, accounting, finance, tech Support teams like IT, EDM and SAP team across regions Bunge servers along with interaction externally with Vendors, Customers, and brokers.

Knowledge and Technical Competencies:

• 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.
• Computer proficient and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook).
• Experience in working with SAP system.

Education/Experience:

• 3-5 years of work experience in a similar role or with International Commodity company.
• Minimum Education Qualification – Graduation, Post-graduation or MBA in International Business would be an advantage.
• Relevant experience in handling commodity contracts with good knowledge of GAFTA, FOSFA contract rules is desirable.

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. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status. Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled

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