Hedging And Procurement Manager - VKB Agri Processors, Head Office Reitz at VKB Group

Job Description

The Hedging and Procurement Manager at VKB Agri Processors is responsible for the overall effective management of the Purchasing and Hedging function of all raw materials within the Agri Processing group of companies (wheat, white maize, yellow maize, oil cake, bran, chop and other feed components).

Requirements

• Grade 12/ NQF4.
• Relevant B.Com or B.Sc Degree (Agricultural Management/ Agricultural Economics/ Risk Management).
• Completed SAFEX Course.
• Post graduate qualification would serve as recommendation.
• Minimum 8 years’ experience in physical grain trading environment.
• Experience in a procurement function would serve as recommendation.
• Proven network of market intelligence.

Duties and Responsibilities

• Effective risk management of Raw Material prices through SAFEX Hedging.
• Effective management of the execution of Raw Material contracts.
• Stay abreast of grain market trends and possible risks through continuous research.
• Compilation and distribution of relevant market information reports to management to provide a view of market trends, risks and probabilities.
• Continuous assessment of practices, policies and procedures to ensure compliance to VKB’s Risk Management policy.
• Continuously evaluate and propose Hedging strategies for the different mills.
• Purposefully collect and process market intelligence to support informed market predictions.
• Timely completion of admin orders to ensure accurate accounting of Hedge positions.
• Continuous monitoring of Raw Material stock levels at the relevant VKB Divisions.
• Regularly report on Hedge positions to relevant parties.
• Continuous liaison with divisions within VKB to stay abreast of Raw Material needs and possible changes in needs.
• Sign off on the Hedging book on a daily basis.
• Continuous liaison with relevant stakeholders within the different markets.
• Compilation of all relevant reports to Management and Directors on a weekly/ monthly basis.
• Liaise with external service providers to ensure sufficient storage space and fair storage prices.
• To stay abreast of all the new Hedging instruments that are available on the JSE and inform internal stakeholders of them.
• Identify and allocate training interventions for the procurement department.

Skills

• Ability to function independently within team context and to accept responsibility
• Strong analytical, numeracy and interpersonal skills
• Compliance
• Accuracy
• Able to work under pressure

Closing Date: 5th, June 2022