City : Mohali
State : Punjab (IN-PB)
Country : India (IN)
Requisition Number : 45434
Role Purpose Statement
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.
Main Accountabilities
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- 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 cooperative manner to achieve the desired objectives.
- Build good relationships with the teams/departments involved.
Knowledge and Skills
Behavior "Improve Bunge's outcomes by making data-driven decisions, keeping the customer at the forefront of all they do, and proactively gaining insight into the global strategy.
Collaborate, effectively communicate with others and take initiative to continually develop themselves.
Pursue opportunities to solve problems and take action while