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Trainee Physical Metal Trader

Written by Anton Murray Consulting on .

Location: Sydney

Salary description: Up to $70k base

  • $50-100k AUD Equivalent
  • Permanent
  • 1 to 3 years of experience

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

 

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