Bunge Limited (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, Chandigarh, 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 the Risk Specialist is the accurate and timely annual review of counterparties, assigning accurate credit limits considering potential exposure of Business partners for existing business partners as well as New counterparties. Detailed annual review includes the evaluation of financial statements, checking customer's payment history and payments terms allowed mark to market limits, PFE calculations and securing open credit with Insurance. Preparation of scorecard is also an important activity applicable for the limits above the threshold >350K USD. Approvals to be obtained for higher grades/credit limits as per Bunge Global Credit Policy. It's a critical role as activities and deliverables of this role directly impacts the Bunge's business with its business partners across the globe.
- Perform annual review of existing counterparties and assign the credit limits ensuring accuracy and timeliness.
- Support centralized risk team with other tasks like industry updates in Delta, validating the Insurance and others.
- Bulk review - exemption from detailed annual review basis payment history
- Intuitive Grading in case of insufficient financial information
- Credit history and compliance checks.
- Create risk reports using Tableau desktop version.
- Coaching trainees and newcomers on company and helping team members to work in a collaborative manner to achieve the desired objectives.
- Build good relationships with the teams/departments involved.
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