Senior Hedger

Senior Hedger

Saudi Networkers Services
Not Specified
Not Specified

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.

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