Responsibilities:
Buying beans
- Free to buy (Buying plan)
- Prepare/update buying plan based on stock, contracted arrivals & bean blend (scope -execution)
- Buying plan to meet following targets - availability of right blend with the factory, availability of sufficient beans to grind in line with financial grind/press plan, procured blend to meet differential & yield targets or should meet the budgeted margins, & procurement plan should minimize carry(financial + physical), double handling (scope -execution)
- Supplier relation (Bid, offer, market info, Contract, Fixations)
- Collect quotes from existing set of suppliers that comprises of international trade houses & local FOB sellers (scope -execution)
- Search for new suppliers/origins to procure - liaise in vendor onboarding (scope -execution)
- Deal confirmation with suppliers based on their acceptance of our bid or our acceptance of their offer (T&C w.r.t Price, quality, packaging, payment, insurance etc. should be agreed at the time of deal confirmations (scope -execution)
- Contract confirmations - Enter contracts in pluto and SAP, print contracts, send copy to suppliers, and get countersigned copy from supplier back for record (scope -execution)
- Fixations - Do price fixations with suppliers AA or at market based on mutual agreement (scope -execution)
- Shipping Instructions - Instruct logistics to send SI as soon as contract is entered (scope -Monitoring)
- Shipment declarations - Monitor contract fulfilment, timely reminder to suppliers in case of drags, imposition of penalty after reviewing specific cases of drags (scope-execution)
- Payments - Monitor payments, help suppliers with payment status (scope -monitoring)
- Quality - Monitor incoming quality, send quality claims, settle quality claims with supplier, instruct finance to issue debit note and realize quality claim gain (scope-execution)
- Insurance - Monitor damage beans, monitor reporting to insurance, monitor status of claims closure (scope - monitoring)
- Futures Trading
- Understanding hedging and how to work futures - has worked in an environment where futures hedging is used
- Knowledge of arbitrage between London and NY terminal month
- Structure movement between various terminal months and managing structure efficiently
- Making risk report for Indonesia
Background
- MBA/Post graduate Degree
- Experience commodity procurement, trading and risk management
- Strong research, analytical and reporting skills
- Strong verbal and oral communication skills