Commodity Trade Operations Specialist

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:

Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you’ll have the opportunity to optimize processes and implement game-changing policies.

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:

• 4 days in-office and 1 day from home.