Senior Hedger

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:

IT / Computers – Hardware & Networking

Function:

IT , Advertising / Entertainment / Media

Roles:

Other Software / Hardware / EDP , Correspondent / Reporter

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