Contract Desk Controller

2 weeks ago


Stellenbosch, South Africa COFCO International North America Full time

**Location**:
Stellenbosch, Western Cape, ZA

Duties & Responsibilities
- Daily processing of purchase and sales contracts.
- Contract management (also receiving contract back from client)
- Managing open contracts.
- Matching Futures/Options traded on SAFEX and CBOT (Chicago Board of Trade) market to physical contracts.
- Updating pricing sheets for clients.
- Understanding all inputs inserted into TradeOne (ERP system).
- Doing consolidated position reporting (Inventory, Purchase and Sales, Futures, and Options)
- Trade and contract management for Farming Agents
- SAFEX deliveries and assignments - Trade and Invoice
- Financing - Repos - Trade and Invoice
- Contract Position Recon
- Handling of queries send to Contract-Desk.

**Qualifications**:

- Qualification degree required in Agricultural Economics and/or Finance and/or Risk
- 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.
- Excellent attention to detail and high a degree of accuracy.
- 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.
- The ability to be proactive and work under pressure.
- Aptitude for continuous system enhancements and automation.
- Positive attitude.
- Critical thinker with emotional resilience to overcome obstacles.

**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)
- Provide support to traders on a daily basis in the preparation and verification of position reporting (exposure and PNL)
- 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
- Reconciling new deals to 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
- Report daily estimate P&L to Group: Head Office in Switzerland

Data maintenance, Agents and Farming
- Maintain an accurate Farming environment for positions



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