Senior Hedger

Saudi Arabia

Job ID SNS-0747

Posted On
24-Mar-2022
(137 days ago)

Job type
Contract

Sector
Telecommunication

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.

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