Cotton Market Risk Management Specialist

5 days ago


Karachi, Sindh, Pakistan beBee Careers Full time
Job Description

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.
Qualifications

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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