Trader: Crush - Free State Oil, Head Office Reitz at VKB Group

Job Description

• The Crush Trader position is situated at VKB’s Head Office in Reitz and will be responsible for managing the raw material margin of Free State Oil, by contributing to the formulation of the margin management strategy and executing the strategy by trading the physical as well as derivative components for soya beans, soya bean meal, soya bean oil and forex.

Requirements

• Grade 12/ NQF4.
• Relevant Degree in B.Sc. or B.Com.: Risk Management or Economics or Actuarial sciences or Mathematics or other relevant subjects will be advantageous.
• At least 5 year’s proven experience in the grain and oilseeds trading market is required.
• Oilseed, protein, and vegetable oil experience will serve as recommendation.
• Agricultural Products Market Dealers Exam is required.
• Advanced proficiency in MS Excel is required.

Duties and Responsibilities

• Assist Free State Oil Management to reach budgeted goals on raw material margin, sales, and procurement.
• Daily trading of SAFEX, CBOT, YieldX, FEC and other OTC instruments as well as physical commodities.
• Trading strategy formulation, presentation, and execution within set mandates.
• Daily relevant trade administration, position management and reporting.
• Comply with VKB and Free State Oil Risk management policy.
• Assist Management in the execution of the Business Strategy within policy guidelines; specific to margin hedging, sales, stock, and logistics, but not limited to this.
• Assist in daily cashflow management through margin management, stock, and sales.
• Continuous liaison with suppliers, customers, and internal departments with regards to relevant transactions, product standards and quality.
• Grow Free State Oil’s customer and supplier base in line to company strategy.

Skills & Strengths

• Attention to detail.
• Communication.
• Compliance.
• High tolerance for stress.
• Organising.
• Planning.
• Decision making.
• Personal resilience.

Closing Date 12 July 2023