Associate Manager-OTC

Role Purpose Statement The position is responsible for supporting Credit to cash (CTC) function in performing Billing, Managing Debit and credit notes; cash application, customer clearing, running different reports, dispute management,

Main Accountabilities:

• Ensure unapplied and advance cash review and clearing on daily basis and report the open items each day to management.
• Manage the timely and accurate posting of incoming customer payments, billing process and other CTC tasks
• Ensuring processing quality is maintained (e.g. release of blocked orders, refund of advances, Billing and Deliveries to be invoiced)
• End to end knowledge of Credit to cash process in SAP environment
• 1st point of contact for managing escalations with regard to any technical or procedural issues on OTC processes
• Applies significant knowledge of industry trends and developments, best practices, implements effective continual improvement solutions.
• Measure, analyze and report internal KPIs to monitor OTC activities and quality
• Identify the unallocated/unapplied cash and work with onshore teams in clearing the customer accounts
• Monitor and minimize unapplied cash or advance payment in line with agreed targets
• Support the Manager in achieving process improvements, driving continuous improvement
• Ability to understand customer expectations and deliver accordingly
• Ensure compliance with Group’s Sarbanes Oxley programme and Standard Policy and Procedures
• Fair understanding of period closing procedures and meet deadlines
• Periodic review of receivables aged balance reports
• Preparation of data for audit requests during quarterly/annual reviews.
• To be responsible for meeting and exceeding Service Level Agreements targets and Customer expectations, improve operational effectiveness and efficiency, resolve problems, and ensure compliance to policies

Additional responsibilities:

• Resolve queries within defined timelines
• Identify ideas for process improvement utilizing industry leading practices
• Handle exceptions generated, perform root cause analysis to resolve current issues and act proactively to avert potential issues in future
• Provide all information, documents, and reports for audit. Post the audit; take steps as per corrective action plan drafted by the Team Leader.
• File and archive relevant documents.

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

• Ability to provide high quality level of customer service for Counterparty credit risk assessments & reporting.
• Ability to work independently, efficiently and deliver high quality output under time pressure.
• In depth knowledge of Counterparties assessment and due diligence
• Good knowledge of concepts and procedures related to Counterparty credit risk assessments & reporting.
• Experience in SAP and workflow tools

Education & Experience

• 6-8 years of relevant experience with OTC
• Experience in Agribusiness/Commodity trading industry preferred
• Minimum Education Qualification – Graduation or higher (MBA finance)
• Good knowledge of concepts and procedures related to Cash application
• Ability to work independently, efficiently and deliver high quality output under time pressure
• Good communication & Interpersonal skills to work effectively with internal/external teams across the Globe.
• Strong problem solving & organization skills
• Develop knowledge of the business, Accounting systems, Reconciliation policy, Finance Control standards and Quality Framework and ensure compliance with these
• Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)
• Experience in ERP/ Accounting systems (SAP) will be added advantage
• Strong Team Player

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.

Every day our people exemplify these values, which represent Bunge at its core:

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