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City : Mohali State : Punjab (IN-PB) Country : India (IN) Requisition Number :
45440
Role Purpose Statement
The overall responsibility of the Risk Specialist is the accurate and timely
annual review of counterparties, assigning of 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 the
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 it's business partner's across the globe.
Main Accountabilities
1. Premium updates within timeliness
2.
Cash Calls and Cash book updates
3. Updating premium underwriting report
4. Loss billing and Cargo claims settlements
5. Follow ups with Insurer and broker regarding settlement of claims
6. Balance sheet reconciliation
7. Review claims payments and reserves
8. Insurance MIS , stock statements,
9. Coaching trainees and newcomers on company and helping team members to work
in a collaborative manner to achieve the desired objectives
10.Build valuable 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 maintaining the
ability to man
📌 Process Executive (India)
🏢 Bunge
📍 India