Trader's Assistant - Free State Oil (Pty) Ltd, Head Office at VKB Group

Job Description

• The Trader's Assistant will be responsible for the management of Free State Oil's Trader's contracts and administration to ensure compliance and accuracy.

Requirements

• Grade 12/ NQF4
• Proficient in MS Office with the ability to work on EXCEL on an advanced level
• 3 Year's previous experience in a financial administrative role
• Proven understanding of financial transactions

Duties and Responsibilities              

• Monitor and manage expenses.                
• Post daily Mark to Market, Initial Margin & Booking Fee journals.                             
• Monitor and manage expenses related to trading that includes Brokerage Fees and Variation Margin.
• Comply to VKB’s Risk Management policy.                          
• Continuously monitor and report on the progress and availability of stock on contracts.  
• Verify the accreditation process to ensure FICA documents of all clients and suppliers are in place before the transaction takes place.
• Reconciliate of Purchase Orders, loading sheets, Raw Materials and Finished Goods
• Review external load sheets to ensure correctness.
• Ensure correctness of reconciliations and timeous distribution to the relevant personnel.
• Review the Hedge- & Sales Admin orders and report deviations from normal business practice to the Financial Manager.
• Report recon items on stock reconciliations to ensure that they are resolved timeously.
• Continuous liaison with internal departments with regards to relevant transactions.

Skills

• Problem definition and analyses
• Communication
• Maintaining Long term relationships
• Teamwork
• Compliance
• Organizing
• Planning
• Personal Resilience

Closing Date: 3rd, July 2022