Operations & Insurance Executive, Singapore

City: Singapore State: South East (SG-04) Country: Singapore (SG) Requisition Number: 45693

The position is a multi-task role covering part Operations and part Insurance. Under the operation side, this role will play an important part in providing support to the Execution team in Asia, including BBS Team (Shared Service Centre) in Mohali, India, and is responsible for the Purchase & Sales contracts issuance and arranging document signing, including dispatch of documents for presentation to banks and customers. Under the Insurance side, the role will focus on the ASIAPAC region and country insurance contacts with oversight and coordination with the Director of Global Risk & Insurance.

• Operations Scope – 60%
• Coordinating with BBS team (Shared Service Centre) in Mohali, India for documents presentation as required.
• Liaise and coordinate with Regional Offices Execution team for documents delivery as needed at destinations.
• Prepare and issue Certificate of Origin endorsed by Indian Chamber of Commerce.
• Monitor documents status from origin, then present to banks and/or deliver to the customers for payments to ensure cargo discharge as per schedule without delay.
• Verify the documents details against the bank cover letter prior presentation to prevent rework.
• Sort out the documents for signing and arrange with local dispatch for documents presentation in a timely manner.
• Work closely with customers, surveyors, BBS team and commercial team to meet their requirements to avoid any delays, problems, concerns, and/or complaints.
• Coordinate with Execution and Insurance teams, insurance brokers and loss adjustors in the case of cargo insurance claims and loss recovery.
• Insurance Scope – 40%
• Manage all local insurance policy placements in coordination with global insurance brokers.
  • Manage certificate of insurance requirements and other contractual requirements related to insurance.
  • Collect and package all necessary policy renewal data and information and communicate to local insurance brokers.
  • Report to SharePoint paid claims and losses retained within deductibles or retentions.
  • Pay premiums in a timely manner and coordinate with local finance teams.
  • Communicate to regional finance teams on insurance budgets, claim settlements, and other costs that may impact Bunge’s P&L.
  • Bunge locations that are part of a JV partnership and Bunge is not responsible for placement of insurance; review and share Bunge coverage requirements with the JV partner.
  • Bunge locations that are part of a JV partnership and Bunge is responsible for placement of insurance; communicate in advance policy requirements of the JV partner to the insurance broker and other stakeholders, support placement of coverage and allocate premium per the JV partnership agreement.

• Degree or Diploma in any discipline, preferably Business Administration, Shipping, Banking and Finance.
• Working experience in the commodity logistics or shipping industry or trade services.
• Ability to communicate effectively and work efficiently.
• Good interpersonal skills, positive thinking, reliable, enthusiastic and team player.
• 1+ years of experience in risk/insurance management in a similar industry (agribusiness, food, logistics, or manufacturing) under a global organization.
• 1+ years of experience as a property & casualty insurance broker with a focus on transit risks.