Cargill Settlement Specialist in Hopkins, Minnesota

Settlement Specialist

Description

Position Purpose

Trade and Capital Markets (TCM) compliments the efforts of Cargill commodity business units by providing financial solutions to Cargill’s business partners (suppliers and buyers). TCM’s experience and expertise in global financial markets aid in mitigating documentary, cross-border and credit risks associated with structured trade finance. TCM plays a key role in funding the global operations of Cargill through cross-border funding structures and management of transferability and convertibility risks. In additional to structured trade finance and internal funding, TCM also leverages Cargill’s international trade flows to create trade structures that provide funding to emerging market-based financial institutions and corporations.

The candidate will be responsible to handle the trade and administration support aspects of the Trade & Structured Finance activities basis established procedures and in a timely and accurate manner. Ensure compliance to the TCM guidelines and procedures. Responsibilities also include preparation of documents using templates, KYC reviews, electronic and physical file maintenance, handling of periodic rate resets and working with other local and regional offices to ensure that appropriate Cargill controls are included in the process.

Principal Accountabilities

60%

  • Execution of all TCM trades in adherence to the TCM Standard Operating Procedures/Guidelines. Ensure work processes and procedures are in compliance with Cargill and TCM policies.

  • Manage all aspects of trade settlement. Preparation and execution of all documents arising from TCM activity based on approved templates (trade confirmations, financing agreements, LC formats, etc.); Coordination with counter-parties and internally on issuance of instruments (letters of credit, stand-by LC, guarantees) and on timing of funding;

  • Input/processing of deals in the trade capture system;

  • Second review and verification of trades (system input, documentation, approvals) & cash payments (amounts, value dates, bank details)

  • Liaise with other functional groups including traders, trade execution teams, accounting and treasury to resolve execution issues and provide assistance where necessary.

  • Assist in transaction file reviews within defined timelines.

30%

  • Develop a thorough understanding of relevant TCM structures through PAF reviews including the key risks and controls associated with each structure, and relevant tax & legal implications. Ensure complete understanding of transaction specifics, including data integrity, documentation, and settlement processes as well as the attributes of the relevant market and geography.

10%

  • Facilitate innovation and work process improvements through idea generation and applying of business knowledge . Champion and/or participate in global projects where appropriate.

Relocation assistance will not be provided for this position.

Qualifications

Minimum Required

  • Bachelor’s degree in Business Administration/Finance/Accounting/Economics

  • Understanding of trade finance business

  • Demonstrated knowledge of internal control structure & compliance

  • Ability to work flexible hours to support global counterparties and global TCM team

  • Working experience with Microsoft office applications

Success Factors

  • Strong people/teamwork skills, yet able to work independently

  • Proven ability to take initiative to independently analyze and solve problems

  • Good oral and written communication skills

  • Integrity, strong attention to detail, and thoroughness and accuracy in work

  • Good organizational skills with ability to perform well under pressure and manage multiple priorities

  • Ability to adapt positively to an ever-changing environment

Preferred

  • Familiar with various types of instruments including LCs, Bills of Exchange, SBLCs,etc.

  • Experience in loan administration in a financial institution.

  • Basic knowledge of accounting would be preferred

  • Familiar with interest swaps

Job Finance/Accounting

Primary Location US-MN-Hopkins

Schedule Full-time

Job Type Standard

Shift Day Job

Req ID: HOP04854