Trade Support at COFCO International

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.
• Competency in Microsoft applications and web-based applications.
• 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)
• 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)
• 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