Trainee Physical Metal Trader

Sydney

Ancillary Areas

Permanent

Our client is a global trading firm seeking a young and enthusiastic junior to join their metal trading desk as a trainee metal trader in Sydney.

Broadly speaking, the successful Trainee Metal Trader applicant would be coordinating a range of tasks in support of the Australian metal traders, who are based in the firm’s Sydney office. The metals desk coordinates the physical sales and delivery of metal products – primarily copper, lead, manganese, iron ore and zinc.

Responsibilities

• Drafting/ issuing/ reviewing of purchase and sales contracts including all related legal documents, such as Holding Certificates, storage agreements, prefinance agreements, guarantees;
• Verification of all documents with Compliance and Company internal guidelines;
• Identification of issues and contractual risk and respective advice to Traders;
• Documentary monitoring of the contract from the beginning to the end, including co–managing of contract changes and corrections;
• Close interaction with the respective Trader and traffic persons, as well as cooperation with other teams such as Chartering, Insurance, Finance, Legal and Compliance;
• Administration of Purchase and Sales contracts: Purchase/ Sales Order Entry into CTTS, Customer data handling / processing and maintenance, including updating and amending the current data in the internal data system. Filing of documents and archiving;
• Depending on the respective task area, the Contract Writer/ Administrator may have direct contact to customers and/ or colleagues in field offices

Additional responsibilities include

• Vessel chartering or container shipments in co-operation with the chartering department; organizing rail, truck and air transport or releasing of material in warehouse
• Opening of and checking of Letters of Credit for the firm’s suppliers and receivers; requesting amendments and negotiating documents for collection of payment
• Calculation of metal quantity and foreign currency amounts to be priced Contact to clients / field offices
• Correspondence on availability of materials in production, transit and in stock; documentation, invoicing, outgoing and incoming payments, client exposure control and claim handling
• Insuring risks of each transport as well as material in storage

Requirements

• 1-3 years post-university experience
• Ideally some exposure to logistics or commodities
• Tertiary qualifications with a background in Business/Engineering or a commodities related field