Location:Mobeni, Durban
Job Description:
As a Senior Commercial Trader in the edible oil manufacturing industry, you will be responsible for managing the trading activities related to edible oil products. You will play a vital role in executing trading strategies, securing supply contracts, managing inventory levels, and optimizing profitability.
Requirements:
- Bachelor's degree in finance, economics, business administration, or a related field. Advanced degrees or certifications in finance or commodity trading are a plus.
- Must have proven experience in commodity trading, preferably within the edible oil or agricultural commodities industry.
- Knowledge of risk management techniques and financial instruments used in commodity trading.
- Must be familiar with trading platforms, order management systems, and market analysis tools
- This position requires expertise in commodity trading, market analysis, and a strong understanding of the edible oil industry.
- Proficiency in using spreadsheets and financial software for data analysis and reporting
- Must have an understanding of relevant regulations, trade laws, and compliance requirements in the commodity trading industry
Responsibilities:
Trading and Contract Execution
- Execute trading activities by buying and selling edible oil products based on market conditions and company strategies.
- Negotiate and secure supply contracts with suppliers and customers, ensuring favourable terms and conditions.
- Monitor contract performance and resolve any disputes that may arise.
Market Research and Analysis
- Conduct thorough market research and analysis to identify trends, price fluctuations, and supply-demand dynamics in the edible oil industry.
- Stay informed about global market conditions, regulatory changes, and competitor activities that may impact trading decisions.
Risk Management
- Develop and implement risk management strategies to mitigate exposure to price volatility, supply disruptions, and currency fluctuations.
- Monitor market indicators and establish hedging mechanisms to protect against market risks.
- Implement appropriate risk management tools and instruments, such as futures contracts and options.
Inventory Management
- Monitor and manage inventory levels of edible oil products, ensuring optimal stock levels to meet customer demands while minimizing storage costs and obsolescence.
- Coordinate with production, logistics, and warehousing teams to ensure smooth flow of goods and timely deliveries.
Relationship Management
- Build and maintain strong relationships with suppliers, customers, brokers, and other trading partners in the industry.
- Negotiate favourable terms and conditions for contracts and establish mutually beneficial partnerships.
- Collaborate with internal stakeholders, such as sales, operations, and finance teams, to align trading activities with business objectives.
Compliance and Documentation
- Ensure compliance with relevant industry regulations, trade laws, and internal policies.
- Maintain accurate and up-to-date documentation related to trading activities, contracts, invoices, and financial transactions.
Reporting and Analysis
- Generate reports and provide regular updates on trading activities, including volume, pricing, profitability, and market trends.
- Analyse trading performance, identify areas for improvement, and propose strategies to optimize profitability and operational efficiency.