Hedge Associate
- Toronto, ON, Canada
$50,000 to $65,000 CAD / year · Full-time
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Job details
- Pay
- $50,000 to $65,000 CAD / year
- Job type
- Full-time
- Apply by
- Posting language
- English
- Posted
Original job description
Responsibilities
We are currently seeking a Hedge Associate in our Toronto office, located in the heart of the financial district. Demonstrating sound decision-making aptitude and delivery of customer service excellence, the Hedging Associate will be responsible for the overall maintenance and execution of derivatives (hedging), including but not limited to:
- Execution of commodity and currency hedging, including futures, forwards and options
- Reconciliation of trading positions
- Entry and distribution of trades
- Reconciling Trader performance Report
- Miscellaneous financial reporting
- Co-ordinating and directing fund transfers and producing cash management reports as required.
- Co-ordinating and booking, withdrawal and repayments of various loans as required
- Co-ordinating the day-to-day requests of receivable insurance as required
- Co-ordinating cash settlements of foreign exchange trades as required
- Producing monthly and weekly borrowing base calculations as required
- Other ad hoc projects as required
- Able to work independently/within a team environment
- Strong Excel proficiency
- Strong written, oral and presentation skills
- University degree
- High attention to detail
- Strong organizational skills
- Works well under pressure
- Quick thinker
- Ability to carry out detailed data analysis
- Strong problem solving skills
- Enrollment or completion of an accounting, economics, business or applicable designation program
- Excellent communication skills
- Ability to manage multiple priorities effectively
- Ability to work within a dynamic fast-paced, work environment
Please note that the salary range mentioned in this job description should serve simply as a guide. The final compensation offered may vary based on a variety of factors, including bonuses and/or incentives, or a candidate’s experience, skills, budget and location. Our company is committed to providing a fair, equitable, and competitive package that reflects the value an individual brings to the organization.
For this recruitment process, our system includes built-in artificial intelligence (AI) features; however, they are not relied upon in our hiring process. AI tools do not make hiring decisions; all candidate assessments and selection decisions are made through human review. This job posting reflects a current and existing vacancy, not a future hiring pool or speculative recruitment.
BroadGrain welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.
More about this job
Responsibilities
Execute and maintain commodity and currency hedges, reconcile trading positions, enter and distribute trades, and prepare trader performance and financial reports. Support treasury operations by coordinating fund transfers, loans, receivable insurance requests, foreign exchange settlements, cash management reporting, and borrowing base calculations.
Requirements
Candidates should have a university degree and be enrolled in or have completed an accounting, economics, business, or applicable designation program. The role calls for strong Excel proficiency, communication and organizational skills, attention to detail, analytical and problem-solving ability, and the capacity to manage multiple priorities in a fast-paced environment.
Skills
- Commodity Hedging
- Currency Hedging
- Futures, Forwards, And Options
- Trading Position Reconciliation
- Trade Entry And Distribution
- Trader Performance Reporting
- Financial Reporting
- Treasury Support
- Cash Management
- Loan Coordination
- Foreign Exchange Settlements
- Excel
- Data Analysis
- Problem Solving
- Communication
- Organization
Benefits
- Group RRSP
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Logistics
- Agriculture
- Data & Analytics
Keywords
- Commodity Trading
- Grains
- Cereals
- Oilseeds
- Corn
- Derivatives
- Hedging
- Futures
- Forwards
- Options
- Foreign Exchange
- Trading Positions
- Trade Reconciliation
- Trader Performance Reporting
- Financial Reporting
- Treasury
- Fund Transfers
- Cash Management
- Loans
- Receivable Insurance
- Cash Settlements
- Borrowing Base Calculations
- Excel
- Data Analysis
- Accounting
- Economics
- Business