Associate Grain

Overview:
StoneX Commodity Solutions LLC (SCS) provides commodity finance, price risk management, merchandising, and logistics to its clients as a value-added service. This role will require an originator to develop an understanding of local, national, and global market trends while partnering with customers to learn their business and identify new potential customers for SCS. It will focus on procurement of grains and feed ingredients from commercial elevators and producers while balancing risk management, customer relationships, transportation, and logistics.

Responsibilities:
Contact suppliers and customers on a regular basis.

Enter all purchase and sale trade information into the system of record timely.

Accurately prepare documentation for transactions (such as purchase and sale agreements) and ensure terms of contracts are acceptable under guidelines established by the organization.

Coordinate transportation for the movement of physical commodities being purchased and sold with logistics service providers.

Proactively develop prospective customers while providing customer service to existing sales and supplier accounts.

Obtain market knowledge and insight through continuous communication with product suppliers, customers, and other industry players.

Accept pricing orders from clients and places them through the appropriate channels.

Research, document, and verify counterparty information such as financial statements, credit references and trade references for new clients and for the yearly renewal of existing clients.

Oversee trade positions and identify risk factors along with ways to mitigate those risks.

Monitor trade limits and receivable limits and communicate with trade control, risk, and management departments daily to ensure trades remain within established credit thresholds.

Reconcile daily Profit and Loss associated with physical commodity trades and ensures economics are accounted for appropriately (mark-to-market accounting).

Help develop and provide input on infrastructure & software for better client reporting and process improvement.

This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed.

Qualifications:
Job Requirements:

Bachelor’s degree or equivalent work experience in Agriculture, Trade and/or Finance field preferred

Minimum of two years of related work experience in Agriculture, Trade and/or Finance

Ability to exercise good judgment in assessing opportunities and risk.

Strong organizational and communication skills

Excellent customer service and sales skills

Detail oriented, organized, and excellent documentation skills

Ability to multitask and prioritize multiple projects in a busy, demanding environment

Ability to work in a team environment.

Excellent verbal and written communication skills

Proficient in Microsoft office products

Preferred Qualifications:

Basic understanding of commodity futures markets and hedging

Proficient in Microsoft Power BI

Understanding of databases and basic coding (Python and SQL)

Physical requirements/Working conditions:

Maintain prompt attendance

Travel as needed to other offices, client meetings and industry events

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