Trade Support - Stellenbosch, South Africa - COFCO International North America

COFCO International North America

Verified Company

Stellenbosch, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Performs a variety of support tasks in Front Office including:
Contract management (also receiving contract back from client)
All invoices excluding delivered contracts
Trade and contract management for Farming Agents
SAFEX deliveries and assignments - Trade and Invoice
Financing - Repos - Trade and Invoice
Trade and contract management for Farming, including invoices
CMS requests for non-Commercial Clients
Contract Position Recon

Qualifications:

Qualification degree required in Agricultural Economics and/or Finance and/or Risk
Risk Management background is beneficial
Agricultural Products Market Dealers Examination (SAFEX Exam)

Critical Skills:

Fundamentals understanding of market terminals and trading environments.
Grains industry exposure is beneficial.
Strong in numbers and reconciliations.
Excellent communication skills (written, and verbal) in Afrikaans and English.
Strong attention to detail and highly organized.
Problem solver who creates strategies to prevent, address and mitigate risk.
Team player who is able to work independently.
Ability to work well in a fast-paced professional office environment with multi-tasking skills.
Ability to work under pressure.
Exposure to ERP systems.

Function:

Timely and accurate trade capture in Trading One (position management software) on physical and derivatives
Responsible for the daily maintenance and follow up of all positions (past and forward, including but not limited to

MTM:
Mark to Market valuation and P&L: Profit n Loss exposure)
Provide support to traders on a daily basis in the preparation and verification of position reporting (exposure and PNL)
Concentrate pricing responsibility; daily coordination of pricing to be done (versus cash), validity check of fixing orders, daily broker statement reconciliation and capture of executed orders
Daily derivatives reconciliation
Assure proper internal communication between desks throughout (Front Office, Operations, Product, Freight and Finance teams)
Meet requests for ad hoc information and reporting

NEW DEALS - PROCESSING

Trade Slip to Contract:

Per Contract Type

Per Strategy

Per PGU:
Profit Generating Unit

Per Commodity

Pricing of basis trades

POSITION MANAGEMENT
Reconciling new deals to draft position

Preparing and circulating draft position

Reconciling new deals to final position

Preparing and circulating final position

CONTRACT ADMINISTRATION AND COST ACCRUALS ON CONTRACTS

From Trade Slip to Contract:

Processing of cost accruals at Contract Level

Prepare contracts for sign off

Issue system generated contracts

Review physical contracts and positions

Initiate washouts on under/over deliveries

GP & TRADE RECON

Daily Trade P&L vs. Accounting P&L

Position maintenance per Strategy

Estimate Daily P&L

Prepare daily estimate P&L for review by Traders

Report daily estimate P&L to Group: Head Office in Switzerland

Data maintenance, Agents and Farming

Maintain an accurate Farming environment for positions
Submit CMS codes for Trade Counterparties

Load new Trade codes in Trading 1: ERP system

Software utilized:

T1:
Trading One - ERP system: Front end trading system that interfaces with Accounting systems

Excel - Intermediate to Advanced is beneficial

Future Source - Market data terminal and analytics platform

SAP S4Hanna - ERP system

Additional Notes:

This role is not a first step to a trader position
2-calendar months' notice period
18 annual leave days
Financial year end is December
Season runs from March - September