Hedge Associate

BROADGRAIN COMMODITIES INC•Toronto, ON

6d•CA$50,000 - CA$65,000•Onsite

About The Position

BroadGrain Commodities Inc. (“BroadGrain”) is a fast-growing global company trading and transporting grains, cereals, oilseeds, corn and by-products. We use our expertise and experience in logistics, sourcing and distribution to connect our customers to global markets while providing excellence in customer service. Today, BroadGrain enjoys over $700 million in annual revenue and handles over 1.8 million tonnes of grain each year in our international and domestic businesses. We are poised for continual growth across all of our business units and are continually looking to add talented individuals to support our expansion. We are currently seeking a Hedge Associate in our Toronto office, located in the heart of the financial district. Demonstrating sound decision-making aptitude and delivery of customer service excellence, the Hedging Associate will be responsible for the overall maintenance and execution of derivatives (hedging), including but not limited to: Execution of commodity and currency hedging, including futures, forwards and options Reconciliation of trading positions Entry and distribution of trades Reconciling Trader performance Report Miscellaneous financial reporting The role will also include general support for treasury activities as required from time to time including: Co-ordinating and directing fund transfers and producing cash management reports as required. Co-ordinating and booking, withdrawal and repayments of various loans as required Co-ordinating the requests of receivable insurance as required Co-ordinating cash settlements of foreign exchange trades as required Producing monthly and weekly borrowing base calculations as required Other ad hoc projects as required

Requirements

Enrollment or completion of an accounting, economics, business or applicable designation program
Excellent communication skills
Ability to manage multiple priorities effectively
Ability to work within a dynamic fast-paced, work environment
Able to work independently/within a team environment
Strong Excel proficiency
Strong written, oral and presentation skills
University degree
High attention to detail
Strong organizational skills
Works well under pressure
Quick thinker
Ability to carry out detailed data analysis
Strong problem solving skills

Responsibilities

Execution of commodity and currency hedging, including futures, forwards and options
Reconciliation of trading positions
Entry and distribution of trades
Reconciling Trader performance Report
Miscellaneous financial reporting
Co-ordinating and directing fund transfers and producing cash management reports as required.
Co-ordinating and booking, withdrawal and repayments of various loans as required
Co-ordinating the day-to-day requests of receivable insurance as required
Co-ordinating cash settlements of foreign exchange trades as required
Producing monthly and weekly borrowing base calculations as required
Other ad hoc projects as required