Trade Support

2 weeks ago


Stellenbosch Western Cape, South Africa Tailormade Solution Full time

Job Title: TRADE SUPPORT

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 and Experience
- Qualification degree required in Agricultural Economics and/or Finance and/or Risk
- Risk Management background is beneficial
- Agricultural Products Market Dealers Examination (SAFEX Exam)
- Excel - Intermediate to Advanced is beneficial
- Future Source - Market data terminal and analytics platform
- SAP S4Hanna - ERP system

Critical Skills:

- Fund Administration profile and/or understands 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.
- 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)
- 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

Additional Notes:

- This role is not a first step to a trading position
- 2-calendar months’ notice period
- 18 annual leave days
- Financial year end is December
- Season runs from March - September


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