600k to 900k
Essentials for the role
CA(SA) with at least 2- years of post-articles experience.
Exposure to the oils and fats industry preferably but essential to have come from an environment which involved commodity hedging/price
Suitable candidates must have experience in:
1. in bottom line profitability analysis with a strong understanding of financial principles.
2. Experience in Procurement, Margin management Hedging and Pricing strategies, Market trend analysis and technical and commercial support to traders
3. Excellent human interaction, communication and organizational skills.
4. Strong Microsoft Excel skills.
5. Ability to multi-task and deal with multiple deadlines
6. Proficient in English (speaking, writing and reading)
This commercial role includes:
Procurement at the right price at the right place at the right time: Carrying out the procurement function across oils and fats commodities under the mandates and guidance of the department head. Ensure that procurement is performed strategically to remain competitive in the market and beat monthly market average pricing. Keep up to date with market movements across all commodities and dollar currency
Margin management: Liaise carefully with department Head to ensure that budgeted margins are achieved across all SKU’s. Review margins and provide business insight. Perform the approval process of all sales orders received,
Hedging strategies: Maintain the position (short/long) for priced and unpriced oils and fats commodities across the group in line with board mandates. Alert management as to when there are potential problems and provide solutions.
Building relationships with internal and external stakeholders
Negotiating the best conversion rates with suppliers and bring in baseline savings after attaining an understanding of charge structures from the relevant suppliers applicable.
Provide support to the department head/customers on market movements/trends and advise on pricing strategy and invoice and shelf/customer level.
Provide technical and commercial support to the sales trading team and the Board on market trend analysis on commodities and currencies and assumptions for the annual budget.
Negotiate & maintain open book pricing models with corporate customers.
Keep accurate record of forward sales and apply hedging principles with no room for speculation.
Maintain proper record keeping of weighted average cost per commodity after excluding forward sales using the FIFO method.
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