Senior Hedger
Job Description
Job Description :
- Pricing with suppliers/customers according to the contractual QP
- Square off Open LME position as per the Customers final pricing request.
- Sell/Buy on LME based on Customer / Supplier / Stock position / Traders Instructions / Project Team.
- Monitoring Open position to close/carry before expiry date / on or before CASH date.
- Update the trade data in the master sheet with all the details of Open Hedging Control / Hedging-Open / Hedging-Close.
- Analyzing, monitoring & reporting mainly base metals, especially copper, price risks the company is exposed to.
- Following-up and report MTM (Mark to Market) of the existing hedging deals, evaluate hedge accounting and carry out hedge effectiveness tests.
- Liaison with the sales team to respond to customers pricing models for their orders.
- Liaison with the procurement team to respond to suppliers pricing models for our orders according to resource management's requirements and inventory numbers.
- Updation of contracts details in monitoring sheet.
- On time updation of SAP system through JV / Designated program
- Release the loaded container and per hedge/sales price for booking.
- Getting provisional price for Buyer option contracts from customers and release docs for invoicing.
- Follow up with suppliers/customers for pricing over QP.
- Prepare & submit payment request to finance against Margin Calls / Balance settlement.
- Preparation of Job Card for Yard, Suppliers & Projects hedging
- Proper controlling of vessel sailing / OBL receipt as per the QP & shipments for hedged containers.
- Daily & on time updation of SAP system with all the trading done for the previous day and get approval signature of Daily Trade Sheet.
- Custodian & Filing of all the Hedging related documents.
- Maintenance & Reconciliation of Hedging related Ledger Accounts daily.
- Monthly reporting for Hedging Summary along with challenges & recommendations.
- Daily COB MTM positioning to be reported to Risk Head.
- Provide price information for the preparation of purchase order, invoices etc.
- Comply with established internal policies, procedures, and controls
- Provide analytical support and ad hoc reports to the management.
- Sending on time email confirmation of trades to suppliers/customers.
Job Details
Employment Types:
Part time
Industry:
Telecom
Function:
Telecom / ISP , Advertising / Entertainment / Media
Roles:
Other Telecom / ISP , Correspondent / Reporter
