Geneva
IXM is one of the leading global commodity trading companies specializing in non-ferrous metals and plays a key commercial role at each stage of the metals supply chain. With a strong presence in key markets and a commitment to operational excellence, we connect producers and consumers worldwide with efficient, reliable and tailored supply chain solutions.
We are looking for a Commercial Manager to join our team in Geneva, Switzerland.
Main Responsibilities
P&L Reporting & Monitoring:
• Help to prepare the P&L files and assist in the reporting, prepare performance analysis and provide overall profitability vision
• Generate and analyze daily/weekly Pnl and Exposure
• Assist in PnL Reviews with trading teams
• Liaise on a daily basis with Trading, Hedge desk, WSMD, Execution, Risk Management and General Accounting Departments, Finance
• Run daily controls and processes to ensure data quality in the front systems.
• Contract confirmation: understand business flow, review contractual terms & check fields populated in the front system
• Finalization of shipments (trade to cash)
• Coordinate database freezes in front systems
• Mark-To-Market & Benchmark updates in front systems (simulate the impacts, control the relevance of the values with supporting docs)
• Assist in the review of Volumes
• Handles the calculation and recon of month end inventory
• Assist in the preparation of the statutory PnL (transfer of hedges between Metal’s entities, IC pnl...)
• Adhoc - PnL Analysis (Improving the PnL reporting & create financial information for Trading & Finance), and others. Position management
• Managing and updating physical position by month/cp/type of cargo
• Maintain integrity of the physical position by regular liaising with trading teams across offices
• Propose allocations based on best terms/P&L to the desk head
• Reporting weekly open TC position to risk team for VAR purposes.
Hedge Desk
• Ensure that pricing orders from clients/traders are properly executed, confirmed, and booked in the system.
• Maintain pricings in the system for physical contracts and allocate the corresponding hedges
• Gather daily pricing orders and send the final one to IB desk
• Prepare the order for AVG trades at the beginning of the month
• Follow-up FX exposure related to physical contracts (prices, premiums) and ensure its properly hedged
• Assist the finalization team with the confirmation of final pricings
• Follow and propose Hedging strategies
• Contribute to process improvements, implement reconciliations, and provide regular feedback to current practices and how to adapt to evolving business.
Education, Skills and Experience
• Bachelor’s degree in Mathematics and Statistics
• Minimum 10 years’ experience in a trading company
• Minimum 1 year of experience in concentrate trading
• Previous experience as Head of Middle Office
• Strong experience in monitoring all type of risk in a Trading company
• Strong verbal and written communication skills in English
• Strong commercial and strategic mindset
• Ability to be flexible and work to deadlines and under pressure
• Ability to influence
• Strong ability to build and maintain effective business relationships
• A past experience as a Trader will be a plus