
Cotton Market Risk Management Specialist
5 days ago
Main Responsibilities:
- FX Position Management: Daily preparation of FX positions and coordination with the Head of Finance to ensure FX exposure is within required limits.
- Budget Preparation: Assistance in budget preparation and coordination with the regional team.
- Weekly Profit & Loss Report: Weekly adhoc profit and loss for cotton/pulses, reported to regional management after reconciling with position and getting it validated by commercial team.
- Audit Support: Assistance in preparation of documents and data required for internal and external audits.
- Stock Register Maintenance: Proper maintenance of stock register and reconciliation with execution records.
- MTM Calculation: Independent calculation of MTM and ensuring correct reflection in SAP.
- Commodity Hedge Monitoring: Monitoring commodity hedge and reporting variance.
- CP Balance Management: Ensuring CP balances always reflect true position.
- Aging Inventory Report: Preparation of aging inventory report and sharing it with Head of Finance.
- Forward Contracts Tracking: Accurate record maintenance of forward contracts and highlighting when lifting date is approaching.
- Taxation Liaison: Liaison with Manager of taxation to ensure any abnormal impact of tax is properly highlighted for the cotton platform.
- Credit Risk Report: Preparation and circulation of weekly credit risk report.
- Cashflow Forecasting: Preparation of monthly and weekly cash flow forecast.
- P&L Reconciliation: Preparation of reconciliation between flash and finalized P&L with quantified explanations for variance.
Required Qualifications:
- Academic Qualification: CA or ACCA qualified.
Experience:
- CA or ACCA Qualified: Minimum 3 years of relevant post-qualification experience for CA qualified, or minimum 5 years of relevant post-qualification experience for ACCA qualified.
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