Job InformationJob titleFutures, Options & Derivatives AssociateLocationAl Khaleej Sugar CompanyJob familyHedgingReports toSenior Manager - TradingDepartmentRisk Management DepartmentJob Grade7Job SummaryMaintain the Raw and White Sugar Physical and Futures Trading accounting. Back office / operational work of the trading function. Coordinate with the finance department all pricing and invoicing.Job ResponsibilitiesEssential duties, responsibilities and accountabilities1. Reconciliation of Accounts on daily basis with Future brokers and OTC service providers, Prepare overall position report inclusive of physical and future positions.2. Reconciliation of invoices for physical sugar purchased from sugar suppliers in coordination with Purchase department.3. Keep track of raw sugar purchase and costing of individual vessels.4. Execute the futures, options and OTC derivatives positions as per directions from DGM/Trading Manager.5. Execute Buyer's Executable Orders(BEO's) and Against Actuals (AA's) as per the company contractual obligations in Sales and Purchase Contracts (Allocation of AAs/ BEOs for different Physical Contracts).6. Calculate the realized and unrealized profit / loss of the futures, options and Over the Counter trades on a daily basis.7. Manage the operations of the assigned area to ensure timely delivery of committed accountabilities.

• Note: The accountabilities listed above are not permanently fixed and can be reviewed and modified from time to time depending on organizational and business requirements.

Qualification/Professional CertificationsQualificationsQualificationMust haveDesirableEducation (Degree)University DegreeMaster's DegreeEducation (Major)Finance, Economics, BankingProfessional Certifications - other than education degreeQualificationMust haveDesirableProfessional CertificationRelevant Internationally recognized commodity trading certificationsRelevant ExperienceMust have: 2 - 3 years - Commodity & Futures AccountingDesirable: Back office accounting hands on ExperienceInternal/External relationshipsInternal relationshipsManaging Director, Sales, Finance, Sugar Procurement and Execution DepartmentsExternal relationshipsFuture market operation service providers and OTC (Over The Counter) service providers.Job Specific RequirementsShift(Yes/No)N/APhysical environmentNever/seldomOccasionallyFrequentlyIndoorOutdoorConfined areasHigh temperaturesCold TemperatureLoud noisesFumesPhysical demandsNever/seldomOccasionallyFrequentlyLifting (up to 10 kg)Lifting (11-25 kg)Lifting (26 kg +)Carrying (up to 10 kg)Carrying (11-25 kg)Carrying (26 kg +)Pushing/pulling (up to 10 kg)Pushing/pulling (11-25 kg)Pushing/pulling (26 kg +)Sliding/transferring (up to 10 kg)Sliding/transferring (11-25 kg)Sliding/transferring (26 kg +)Travel outside UAE (please choose one)None/ RareUp to 25% of timeBetween 26% and 50% of timeAbove 51% of timeXCompetenciesBusiness CommunicationCustomer CentricityReporting and AnalyticsProcess OptimizationTime ManagementTools and Systems LiteracySkillsRegulatory ComplianceQuantitative AnalysisFinancial AnalysisFraud / Risk Trend AnalysisAttention to detailsTeam workMarket AnalysisComputer Skills (MS Excel)The above description is intended to describe the general nature and level of work performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all job duties performed by the personnel so classified. Management reserves the right to revise or amend duties at any time.

Al Khaleej Sugar