Metals Trade Operator

Based: City of London / Hybrid

Our client is a well-respected International Metals Commodity Trading Company based in Central London.

The end-to-end execution of trading contracts booked by traders, implementing all relevant administrative functions in line with company business policies, procedures & standards, and the conditions of individual contracts.

Working hand-in-hand with the traders, trading managers, internal departments and external counterparties to successfully perform and conclude each transaction.

RESPONSIBILITIES:

• Issuance of purchase and sales contracts using standard templates when traders book new transactions, and contract amendments during transaction life cycles where applicable
• Inputting details of all transactions on to the trading management software and keeping it up to date during the transaction life cycle
• Ensuring new counterparties are onboarded by the Compliance Team and performing timely sanctions screenings of ongoing counterparties and vessels using our software
• Working with the Trade Finance Team to arrange finance for each transaction and covering any foreign exchange exposure if applicable
• Working with the Traders to ensure the expected profitability reports for each trade are accurate and signed off as required
• Working with the Shipping & Logistics Team to ensure the timely and safe transportation of the goods from our supplier to our customer, or into our stock sites according to the applicable Incoterms, and working with Ports and Warehouses so they are aware of expected cargoes arriving and arrange timely discharge and storage
• Checking documentation received from suppliers and arranging payment of supplier invoices in line with our procedures
• Opening Letters of Credit on Supplier where applicable
• Nominating vessels to suppliers, customers or port agents and giving Bill of Lading and other documentary instructions to different parties
• Liaising with finance banks for cargo releases
• Receipting goods to stock and allocation of stock to customers on the computer system and giving instructions to ports & warehouse operators on which stock to load or deliver to each customer on which dates.
• To check credit lines available to customers and raise invoices to customers
• Prepare documentation to be banked under sales-side Letters of Credit compliantly and in accordance with UCP600
• To review and arrange payment of all service provider invoices such as haulage, storage, inspection, etc
• To perform stock reconciliations and possibly to attend port or warehouse facilities to perform stock audits
• Data handling and reporting for internal purposes
• Raising credit and debit notes as required
• Registering and processing claims, working with the Traders and Insurance colleagues to ensure suitable and timely resolution of claims
• General administration as required
• Working with Accounts Dept to assist with month end and audit processes
• Any other tasks as reasonably assigned