Contract Desk Controller

Vacancy:                       Contract Controller

Department:                 Operations (Trade Support)

Contract:                       Permanent

Location:                      Stellenbosch

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COFCO International South Africa (Pty) Ltd has an opportunity for a dynamic individual to fulfil a role in this company. 

Minimum qualifications and experience

• Qualification degree required in Agricultural Economics and/or Finance and/or Risk.
• Agricultural Products Market Dealers Examination (SAFEX Exam)
• 2 to 3 years’ experience in similar role

Essential skills

Fluent in English.

Computer Literacy (MS Excel – advanced)

Experience with an ERP system

Main 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 Trade One (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

• Managing of queries send to Contract-Desk

Duties (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)

• Responsible for daily maintenance of open positions (physical trade applications, paper trade allocations, wash out proposals, MtM curve rolling/modifications, market daily prices verification and upload)

• Provide support to traders daily 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

Desirable skills

Grain and Agri industry and commodities trading background.

Competencies

• Planning and Organising
• Relating and Networking
• Deciding and initiating Action
• Presenting and communicating information
• Analysing
• Following instructions and procedures
• Delivering results and meeting customer expectations
• Coping with pressure and setbacks
• Adapting and responding to change

• 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 can 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.
• Competency in Microsoft applications and web-based applications.
• Aptitude for continuous system enhancements and automation.
• Positive attitude.
• Critical thinker with emotional resilience to overcome obstacles.

General

Reports to Admin Manager.

Salary is market related basic salary with provident fund and medical aid benefits.

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How to apply

The company is offering a competitive salary with provident and medical benefits.  Exciting incentive opportunities, a rewarding work environment, product and supply chain knowledge and career growth opportunities for the right candidate.

Interested parties should please submit a comprehensive CV and covering letter, outlining why you feel that you are best suited to the position on the COFCO Careers website https://www.cofcointernational.com/careers/ by searching for vacancies in South Africa, clicking on the listed positions available, and following the prompts when clicking “Apply” on the job description, and answering all related questions in full to complete your application. The company will apply the employment equity plan.

Only applications submitted direct on the COFCO Careers website will be considered.

If you do not hear from us within 21 days from date of application, please regard your application as unsuccessful.

Only short-listed candidates will be moved through the Talent Pipeline and contacted.

Privacy Policy

By contacting COFCO International South Africa (Pty) Ltd., you acknowledge and agree that COFCO International South Africa (Pty) Ltd. has a legitimate business purpose to collect and process your personal information (as defined in Protection of Personal Information Act 4 of 2013 and any amendments thereto (“POPIA”)) to review your personal information and to comply with its legal obligations. COFCO International South Africa (Pty) Ltd will process your personal information in accordance with POPIA and in accordance with and the purposes described in COFCO International South Africa (Pty) Ltd.’s privacy policy available at https://www.cofcointernational.com/data-privacy-policy/  You hereby confirm that you have read, understood and agree with the terms of COFCO International South Africa (Pty) Ltd.’s privacy policy, and consent to the processing of your personal information.