City :
Mohali
State :
Punjab (IN-PB)
Country :
India (IN)
Requisition Number:
44602

Role Purpose Statement
The overall responsibility of the Settlement Specialist is the accurate and timely input of commodity purchase and sales orders/contracts including amendments in the system (SAP), load order creation and application for Rail, Truck and Barge movements, create and apply tickets in SAP, Purchase and sales execution in SAP, freight adjustments, quality claim settlement, payment proposal creations as well as preparation of daily reports as per business requirement.

Key Interfaces: Internal – External

Interaction with trading, execution, sales, plant, controller, accounting, fi nance desks, also direct communication with third parties’ suppliers/buyers, surveyors and agents.

Key Performance Indicators (KPIs)
- Turnaround time in the document delivery and collection.
- Accuracy in the related process

Job Description: Trade Settlement Specialist
- Ensure all KPIs are met on a daily basis.
- Manage and execute end- to -end trade settlements processes,



ensuring accuracy and timeliness.
- Accurate PO creation and input of purchase and sale orders/contracts and all relevant amendments in the system (SAP).
- Load order creation and application in SAP.
- Execute Purchase and sales orders, ensuring strict adherence to contractual terms and applicable Incoterms.
- Create and apply tickets in SAP.
- Handle freight adjustments, meticulously applying Incoterms definitions and contract specifications.
- Manage financial instruments pertinent to global trade, including the processing and administration of Letters of Credit (LCs) and other trade finance mechanisms.
- Creation and up-dation of Billing String.
- Issuance of invoices, credits, and debits notes, verifying alignment with trade settlements terms.
- Manage customer queries and complaints related to quality, transportation, and incorrect material, often requiring an understanding of Incoterms’ responsibilities.
- Clai

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