Commodity Trader, Metals

Job Purpose

The Commodity Trader will be responsible for the execution and evaluation of trades for the Commercial Metals Trading Group. The Commodity Trader will be responsible for analyzing the metals commodity market, both foreign and domestic, as it pertains to demand, inventory, and margins. This position will be the channel for evaluating physical and financial trading and asset enhancement opportunities, both via organic and inorganic sources. This position is responsible for all aspects of executing physical shipments. In this role, the trader will be responsible for contract execution of physical trades as per contractually agreed terms in a safe and cost-effective way.

Essential Duties & Responsibilities

The responsibilities of this role include, but are not limited to:

1. Manage and control all applicable buy/sell contracts and associated shipped volumes.
2. Seek and develop relationships with new customers to cultivate high value opportunities in addition to maintaining our existing relationships.
3. Assist in generating long term opportunities to grow markets and acquire assets in the assigned market area to increase the sustainability of the business.
4. Work closely with production accounting and finance personnel to ensure the smooth flow of information and proper tracking of volumes, qualities and revenues associated with marketing at each facility.
5. Ensure all transactions are accomplished in accordance with internal trading, credit, and risk policies.
6. Foster positive working relationships with all internal customers including all metal recycling yards.
7. Keep up to date with developments in the global market and react positively and creatively to international economic and political developments. Forecast market direction.
8. Work with Metals Recycling team to determine trade requirements for executing strategic plans.
9. Trade volumes during index window to lock in product spreads and facility profit margins.
10. Quickly resolve supplier issues that may arise from late shipments or quality concerns in a manner that is respectful and fair to both parties and allows for future business and relationship development.
11. Discuss freights with shipping lines.
12. Regularly visit current and prospective suppliers at their facilities and perform inspection of materials to assess and maintain quality standards.
13. Work closely with sales team on a daily basis to ensure pricing is competitive and up to date for our suppliers.
14. Negotiate agreements that maximize volume while maintaining desired margin.
15. Assist upper management in the development of a purchasing strategy.

Qualifications/Competencies

The individual in this role will have:

1. 5+ years’ experience related to commodity trading or in a business development role.
2. Strong background and knowledge of the metals recycling industry.
3. Successful candidate will have a degree in Business, Engineering, Computer Programming or Commerce/Finance.
4. Highly proficient in Microsoft Office (Excel, Word, Outlook, Power Point). High proficiency in programming functionality would be considered an asset.
5. Excellent understanding of the product, logistical chain, risk involved and best practices to deliver proper execution of trade.
6. Detail oriented with the ability to do research and understand economic drivers.
7. Strong ability to build working relationships and contacts within the organization as well as with industry, external regulators, vendors, and contractors.
8. The ability to demonstrate success in assuming a high degree of accountability for individual initiatives, common sense solutions, and professional decisions.
9. A positive, self-motivated and energetic team player attitude with a willingness to work independently in a fast-paced and dynamic environment while sharing experiences and knowledge with others.
10. Team player who enjoys learning and contributing to team goals.