Trade Support

2 weeks ago


Stellenbosch, South Africa Status Staffing Full time

**Western Cape**, Stellenbosch**

**(Market related)**

**Our client, located in Stellenbosch is looking to employ a **Trade Support **who is an organized professional, able to adjust to a fast-paced environment.**

**EMPLOYMENT TYPE : Permanent**

**SECTOR : Finance**

**START DATE : A.S.A.P / Immediate**

**DUTIES**:
***
- **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**

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- **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 Counter parties**
***:

- **Load new Trade codes in Trading 1: ERP system**
***

**REQUIREMENTS**:
***
- **2 - 5 years’ working experience in a similar position**
***:
***:

- **Qualification degree required in Agricultural Economics and/or Finance and/or Risk**
***:

- **Agricultural Products Market Dealers Examination (SAFEX Exam)**
***:

- **Risk Management background is beneficial**
***:

- **Fundamentals understanding of market terminals and trading environments**
***:

- **Exposure to ERP systems**
***:

- **Grains industry exposure is beneficial**
***:

- **Excellent communication skills (written, and verbal) in Afrikaans and English**
***:

- **Strong in numbers and reconciliations**
***

**HOURS**:
***
- **8am - 5pm (Mon - Fri)**
***

**CLOSING DATE**:
***
- **13 July 2023**
***

**today.**
- For more information please contact:
**Lisa Snyman



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