Wheat Trader

4 weeks ago


Bowling Green, United States Frank Group Full time
Job DescriptionJob Description

Work closely with team members and customers in commodity-based daily trading activities. Responsible for trading position, developing and supporting relationships with suppliers and end users, maximizing profit and adhering to strict business ethics and company policies. Communication with management and understanding strategy while working on implementation throughout the trading group. Responsible for daily position limit monitoring and reporting. Assist with execution and trading communication between groups. We are currently looking to expand our Eastern US market position


Responsibilities:

  • Assist General and Assistant General Manager in daily tasks.
  • Oversee build out of wheat or co-product trading desk.
  • Work closely with management and monitor Daily Position Report (DPR) as well as overall positions and strategy.
  • Communicate and coordinate process and procedures in place for traders and execution staff. (Paper flow from initial contract to final settlement)
  • Work closely with other offices to find synergies and trading opportunities.
  • Originate commodities from Country Elevators and Company owned facilities.
  • Solicit new business and maintain existing business
  • Manage customer and supplier relationships.
  • Merchandise commodities by both Truck and Rail
  • Review credit limits and policies to maintain compliance at all times.
  • Report accurate and timely grain positions and review reports daily and monthly.
  • Keep knowledgeable in commodity market intelligence and current supply and demand.
  • Trade commodities within company position limits and within trading guidelines.
  • Understand futures, basis, spreads along with using and understanding risk management skills.
  • Protect company inventories and grain contracted positions by being properly hedged.
  • Report to supervisor immediately any breach of position limits, credit, regulatory, or company rules or regulations.
  • Keep informed of markets traded and review new opportunities to grow the company market share.
  • Communicate with other company personnel to inform and review market conditions and opportunities by phone or email.
  • Keep current on required company education and regulatory materials.
  • Travel is required as directed, for company functions, training and client visits.



KNOWLEDE REQUIRED FOR POSITION:


  • 5+ years wheat or co-product trading experience
  • Position requires in depth knowledge of the grain trading industry, hedging, marketing, logistics and risk management. Computer experience in Word, Excel, and PowerPoint is required.
  • Candidate must have good communication skills to work with people internally and externally.
  • Ability to organize work, set priorities, and make productive use of time in a fast-paced, stressful environment is required
  • Flexibility to make and accept change in a fast-paced environment
  • Ability to follow direction, rules and policy.
  • Must possess excellent communication and team building skills.


EDUCATION:

  • 4-year degree in Agriculture, Business, or related field is preferred.