Business Title
Team Lead-OTC
Global Job Title
Sr Anl Finance OTC
Global Function
Business Services
Global Department
Finance OTC
Reporting to
Manager - OTC
Size of team reporting in and type
Role Purpose Statement
The position is responsible for support Credit to cash (CTC) function in performing Billing, Managing Debit and credit notes; cash application, customer clearing, running different reports, dispute management,
Main Accountabilities
Main Accountabilities:
Ensure unapplied and advance cash review and clearing on daily basis and reporting the open items each day to management.
Manage the timely and accurately 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 regards 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
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 toolsEducation & 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
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
