Commodity Trade Operations Specialist (Grains)

Overview

Connecting clients to markets – and talent to opportunity With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.  Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth.  

 

Business Segment Overview - Commercial: With boots on the ground authenticity at the heart of everything we do, our comprehensive array of commercial products and services enable you to work directly with our clients, across hedging, risk management, execution and clearing, OTC products, commodity finance and more.   

 

Position Purpose:  This role is responsible to ensure efficient and effective execution of StoneX Commodity Solutions’ transactions. This role’s primary purpose is contract performance, inventory control and risk mitigation. Ensuring accurate execution, payment performance, and safe transfer/release of title for structured trade finance, and domestic back-to-back trade flows.

Responsibilities

Primary duties will include:

• Coordinate with Front Office, Clients, and Vendors to execute purchase and sales transactions.
• Perform trade control activities to ensure safe transfer and release of title documentation.
• Daily Inventory Management & reconciliation of physical commodity movements.
• Trade Settlement - Create ticket applications against contract parameters.
• Creation of Inventory, Accounts Payable, Accounts Receivable and cost accrual entries.
• Exercised and apply of title documents (bills of lading, scale ticket, warehouse receipts).
• Authorization and approval of vendor invoices and supporting documentation for physical commodity products, freight.
• Create and send commercial invoices.
• Process settlement checks for approval payment to suppliers and clients.
• Formulate Accounts Payable Pre-Payment Advances.
• Process daily calls/mail/emails from Customers, Vendors, Truckers and Warehouse facilities.
• Create Overfills/Underfills/Washes on Contracts.
• Performs monthly inventory reconciliation and adjustments per business line requirements.
• Monitors aging payables and receivable balances and escalates as appropriate.
• Communicates with management and brokers regarding outstanding issues.
• Resolve any customer payment discrepancies.
• Preserve orderly records of reconciliations.
• This list of responsibilities may not be all-inclusive and can be expanded to other responsibilities as needed.

Qualifications

To land this role you will need:

• Bachelor’s Degree in Business, Finance, Supply Chain, Economics or business-related field.
• 2+ years relevant commodity trade experience Excellent verbal and written communication skills.

 

What makes you stand out: 

• Demonstrated ability to assess risk and mitigate/problem solve with sense of urgency.
• Strong attention to detail and accuracy.
• Flexible and adaptable with an ability to prioritize tasks and meet deadlines.
• Passion to learn and expand trade knowledge in unfamiliar product lines.
• Proficient in Microsoft office product.

 

Working environment:

• Base + health and life insurance (salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data).
• Full time (Monday to Friday), with an indefinite contract.
• Hybrid setting: 4 days in-office and 1 day from home.

 

 

 

Notice to Recruitment Agencies: please be advised that any résumé or CV submitted to us without: (i) prior onboarding with StoneX as an approved recruitment partner; and (ii) prior written authorization/instruction from StoneX’s Talent Acquisition Team, will be treated as an unsolicited and unapproved submission. We may, at our discretion, review and consider such candidates; however, no placement fee, referral fee, or any other form of compensation will be payable to the submitting agency if the candidate is subsequently hired, and regardless of the agency’s involvement. Submission of a résumé/CV in these circumstances will be deemed acceptance of these terms, and these terms supersede any the agency seeks to impose on StoneX.