Grain Traders Assistant - International Agricultural Concern, Stellenbosch

   
Stellenbosch  

APPOINTMENT REQUIREMENTS

 

  • BCom degree( Agricultural Economics /International Trade & Investment / Financial Risk Management)
  • Min 1 – 3 years working experience
  • Risk Management / Fund Administration background is beneficial
  • Grain / agricultural industry background will be beneficial
  • Strong in numbers and reconciliations
  • Excellent communication skills in Afrikaans and English
  • Strong attention to detail and highly organized
  • Team player and able to work on your own
  • Ability to work well in a fast-paced professional office environment with multi tasking skills
  • PC Literate in MS Office and web based applications
  • Ability to work under pressure

KPA’S                                    

  • Trading One 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


DUTIES

 Timely and accurate trade capture in Trading One (position management software) on physical and derivatives

  • In charge of the daily follow up and maintenance of all positions (past and forward, including but not limited to MtM valuation and PNL exposure)
  • Assure proper internal communication between desks throughout (Front Office, Operations, Product Control, Freight and Finance desks)
  • Provide support to traders on a daily basis in the preparation and verification of position reporting (exposure and PNL)
  • Responsible for daily maintenance of open positions (physical trade applications, paper trade allocations, wash out proposals, MtM curve rolling/modifications, market daily prices verification and upload)
  • 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
  • Meet requests for ad hoc information

 

PROCESSING NEW DEALS

 

 

 

  • Per Contract Type

 

  • Per Strategy

 

  • Per PGU

 

  • 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

 

 

 

  • 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

 

 

 

DATA MAINTENANCE, AGENTS & FARMING

  • Maintain an accurate Farming environment for positions
  • Submit CMS codes for Trade Counterparties
  • Load new Trade codes in Trading 1

 

Competitive market-related salary on offer

 

To apply, please email CV’s to leniseb@kubekanye.com stating your current gross ctc monthly salary + notice period