Contract Desk Controller

Location:

Stellenbosch, Stellenbosch, 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.

• 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.

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 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