Commodities Job Description
Commodities Duties & Responsibilities
To write an effective commodities job description, begin by listing detailed duties, responsibilities and expectations. We have included commodities job description templates that you can modify and use.
Sample responsibilities for this position include:
Commodities Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commodities
List any licenses or certifications required by the position: APICS, CFA, CPA, ISM, PMP, ERP, MBA, CPIM, CIA, CPM
Education for Commodities
Typically a job would require a certain level of education.
Employers hiring for the commodities job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Engineering, Finance, Economics, Education, Science, Accounting, Computers, Supply Chain Management, Mathematics
Skills for Commodities
Desired skills for commodities include:
Desired experience for commodities includes:
Commodities Examples
Commodities Job Description
- Perform additional duties as assigned as related to commodities
- Ensure all internal and external queries are responded to daily, liaising with clients, traders, controllers, credit, documentation, legal & compliance, and IT
- Coordinating responses to certain audit requests
- Identify and implement continuous improvement in systems and processes to improve efficiency and controls
- Monthly reconciliation of Risk/Trading system profit and loss to general ledger
- Performing analysis to ensure accuracy of gross margin
- Preparing and booking journal entries impacting the gross margin
- Identifying and reconciling discrepancies that impact the gross margin
- Preparing and allocating cost of cash usage by dept/portfolio
- Analyzing, ensuring accuracy, and preparing reconciliation of trade accruals, inventory and other accounts
- Act as the conscience of trading management by provide trading businesses with timely and relevant independent risk analysis
- Exceptional quantitative abilities and attention to detail, written/verbal communication skills
- Student pursuing an undergraduate degree with a focus in Sales/ Marketing
- Experience in or selling to the financial markets is required
- Extensive fundamental knowledge and experience of European Power and Gas from a trading/strategist/structuring/analyst perspective, ideally gained while working at a utility, commodity trading house or bank
- Has built credible contacts in the market and has a strong understanding of the companies participating in these market
Commodities Job Description
- Assisting in the monthly preparation of ASC 815/820 schedules
- Understanding and reporting profit and loss and mark to market attributes and movements
- Validating market valuation
- Monitoring and ensuring compliance of control policies and procedures
- Assisting in the annual external audit
- Fielding and responding to inquiries from management, traders, and external auditors
- Complete monthly Net Revenue, Balance Sheet and Expense reconciliations identifying the differences between our General Ledger and the P&L reporting systems
- Support Traders in day to day tasks such as trade pricing, risk management, trade booking, P & L decomposition and reconciliation
- Develop trading infrastructure alongside the Quantitative Analysts
- Liaising on a daily basis with clients, sales people and traders on issues such as scenarios, trade ideas
- Experience in a commodity trading house, utility or bank
- Extensive knowledge European power and gas markets from a trading/sales/structuring perspective
- Strong understanding of what our clients need in their daily workflow
- Ability to travel throughout Europe
- Ability to proactively contact clients and manage projects
- Languages such as Spanish or Italian would be an advantage
Commodities Job Description
- Detailed portfolio and position analysis for clients and potential clients
- Providing indicative pricing to clients
- Settle accounts from front and mid-office derivative trades, transactions, hedges, and swaps
- Account for Renewable Energy Credits (RECs) and Renewable Identification Numbers (RINS)
- Review mid-office trade capture for completeness and accuracy
- Assist mid-office in back testing hedge program results for achieving objectives
- Assist in determining the appropriate accounting treatment for future potential derivative contracts
- Assist in creating and editing risk management reports and accounting reports for management
- Calculate settlements and reconcile mid-office statements including line items and the number of trades
- Perform monthly accounting close for derivatives
- Drafting of physical oil trade confirmations
- Verbal affirmation and Broker affirmation of trade details for physical oil and freight transactions
- Ensuring all internal and external queries are responded to daily, involves liaising with clients, traders, controllers, credit, documentation, legal & compliance, and IT
- Assist in meeting the Firm's obligations with regard to Regulations, including Anti-Boycott reporting
- Escalate breaks and mis-bookings to the desk within set time frames and ensure follow up until issue resolved
- Risk mitigation via 3rd party (Broker) checks versus risk system checks (T+1 timeframe)
Commodities Job Description
- Conduct the transactions including structuring the financing solutions, conducting due diligence and risk analysis etc
- Works closely with the credit risk team to manage the credit process
- Responsible for generation, distribution and analysis of weekly, monthly and annual revenue reports for Securities division (with respect to business units, sales locations, client industry and trade type) based on which management strategy is framed and executed
- Identify possible cross selling opportunities and improve existing client coverage models
- Work closely with sales/ trading/ finance leadership during Securities division town halls – assist with presentations /performance analysis / future strategy
- Assist businesses in Opportunity Analysis (potential clients) by providing Industry Analysis/ Market penetration / Coverage reports
- Manage large and complex data projects related to specific commodity market datasets
- At least business fluency in Italian and/or French
- Experience in sales where you have met or exceeded demanding targets
- A good understanding of the gas & power and/or oil sectors
- Control checks on trader activities + enact escalation process for trader activities
- Managing the identification and implementation of continuous improvement in systems and processes to improve controls and gain efficiencies
- System enhancement projects and testing for turnover
- Support for evolving business and product initiatives
- Design of system to allow new trading activity and product types, regulatory requirements
- Coordinate and process novations
Commodities Job Description
- Ensure efficient governance & communication frameworks are in place to steer the FXLM & Commodities initiatives, and act as secretary to them, ensuring proper tracking of decisions and follow-up of actions
- Able to represent, when relevant, FXLM & Commodities Management in internal forums with regional heads of other GBLs and/or regional heads of desks (trading and sales), in external forums/bodies
- Leveraging on the Strategy & Client Development teams notably, ensure regular benchmark with competition to feed the development or adjustment of the FXLM & Commodities strategy and roadmap
- Consultative and solutions sales skills
- A strong interest in financial markets and technology
- A track record of building and maintaining solid client relationships
- Well versed and confident in presentations, training and written communications
- Daily interaction with Traders, Sales, Technology, Legal, Strategists and other Operational departments
- Preparation and review of escalation and control reports
- Coordinate the posting of inventory within Hershey SAP including shipping and receiving process
- A proven track record of Physical oils drafting experience
- A solid understanding of the physical oil and freight markets
- Communication and risk awareness - ability to understand financial concepts, and communicate end to end lifecycle of a trade, risks and controls clearly and concisely at all levels
- Numeracy and attention to detail- able to learn concepts quickly and maintain a strong focus on control and accuracy
- Initiative - high level of self-motivation, ability to take responsibility for tasks and managing team workload, proactive attitude to learning and sharing the team's workload
- Team leadershipexperience (such as assigning tasks, writing evaluations, setting goals and providing feedback- both verbal and written)