Grains - Trade Operations Execution
1 week ago
Position: Grain Operations (Grains & Oilseeds Division) / Execution
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- Daily Handling of grain shipments and ensuring physical and financial strategies are correctly represented in Olam’s systems.
- Provide information as required to Trade Operation Manager and Head of Dubai Grains & Oilseeds regarding all aspects of the grain business (physical grain, vessel positions, financial strategies, price exposure, laycans, trade pricing, hedge position, demurrage/despatch calculations).
- Identify opportunities to optimize cargo lifts and create additional value through proactive handling of vessels and positions.
- Recognize (potential) issues and report them.
- Collect, analyse and report data in order to track the performance of the operations.
- Assist the trade
Principal Accountabilities:
- Day to Day executions of shipments. Be able to execute a shipment from A to Z.
- Daily handling, review and reconciliation of physical positions.
- Responsible for updating and maintaining Olam system’ s ensuring that all physical positions, direct costs, budgets, freight rates & differentials, trade prices, and financial strategies are correctly captured. Responsibility for TSF and insurance procedures
- Close coordination with Treasury and banks for bank collections, l/c issuance & handling
- Provide information flow to Trade Operations Manager regarding all operational matters
- Identify opportunities to optimize positions - maximising/minimizing cargo lifts, changing laycans/load dates, rolling hedges as appropriate
- Assist the other team members as required
Job Requirements:
- At least 3-5 years or more of direct work experience with a large commodity trading company in grains.
- Minimum a Bachelor's degree in Business, Logistics, Supply Chain Management or related discipline
- Experience with trade documentation.
- Excellent knowledge of Letter of Credit, UCP600, Incoterms, GAFTA, ANEC. Knowledge of NAEGA, Incograin is an advantage.
- Experience in dealing with dry bulk vessels and containers
- Experience in future give ups and linking futures hedges to physical contracts
- Experience in currency covers linking to the deals
- Knowledge of demurrage/despatch calculations
- Excellent working knowledge of Microsoft Office Applications
- Possess Team spirit and able to work independently
- Possess strong initiative, good interpersonal & communication skills with different levels of people
- Able to work in a hectic environment
- English is a must. **Knowledge of French is required for communication/documentation.**
**Salary**: AED12,000.00 - AED15,000.00 per month
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