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

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

Strong knowledge of SAP (S/4HANA preferred), including settlement modules, billing strings, master data, pricing, ticketing, and freight components.

Strong understanding of trade contracts, commodity pricing structures, and cost components.

Working knowledge of International Trade Execution, documentation, and quality/quantity settlement mechanisms.

Advanced Excel skills (data analysis, reconciliation models).

Proficiency in workflow tools and document imaging systems.

Ability to interpret and validate Mark‑to‑Market and P&L impacts."

Education & Experience

Graduate degree required; Post‑Graduation or MBA preferred.

12–18 years of experience in Trade Execution/Settlements/Finance, with minimum 5 years in leadership roles.

Experience in global agribusiness, commodities, shared services, or high‑volume transactional environments preferred

12–18 years of experience in Trade Execution/Settlements/Finance, with minimum 5 years in leadership roles.

Experience in global agribusiness, commodities, shared services, or high‑volume transactional environments preferred

Distinct Advantage

• Experience working in a similar Shared Services Centre setup

• Experience in processing of high volumes of transactions

• Experience in workflow tools and document imaging systems

• Strong customer service, communication skills/soft skills"

Collaborative, Respectful, Inclusive
Agile, Empowered, Innovative
Safety, Sustainability, With Integrity