Department: Finance / Treasury / Commercial
Designation: Hedging Executive
Location: Chennai / Corporate Office
Experience: 3–5 Years
Industry Preference: Metals, Manufacturing, Import & Export
Job Purpose
To manage and monitor commodity price risks and foreign exchange (forex) exposure through appropriate hedging strategies, ensuring effective risk management and minimizing financial losses arising from fluctuations in metal prices and currency exchange rates.
Key Responsibilities
- Commodity Hedging
- Monitor daily fluctuations in Copper, Aluminium, Lead, Zinc and other metal prices.
- Track LME (London Metal Exchange) and MCX commodity prices.
- Execute and monitor commodity hedging transactions based on management requirements.
- Maintain records of open positions, contracts and settlement details.
- Forex Hedging
- Monitor foreign exchange rate movements, particularly USD/INR.
- Identify foreign currency exposure arising from imports and exports.
- Coordinate with banks for forward contracts and other forex hedging instruments.
- Track forex gains and losses and ensure timely settlement.
- Risk Management
- Analyse market trends and price movements.
- Identify potential commodity and currency risks.
- Prepare daily and monthly hedging reports.
- Ensure hedging positions are aligned with actual purchase, sales and import/export exposure.
- Bank & Broker Coordination
- Coordinate with banks, commodity brokers and financial institutions.
- Obtain market quotations and compare hedging options.
- Monitor margin requirements, MTM (Mark-to-Market) and contract settlements.
- MIS & Reporting
- Prepare daily LME price reports and forex exposure statements.
- Maintain hedging transaction records.
- Submit periodic reports to management on open positions, realized/unrealized gains and losses.
- Reconcile physical metal purchases/sales with hedging positions.
Required Qualifications
- Bachelor's degree in Commerce, Finance, Economics or related field.
- MBA Finance / CA Inter / relevant financial certification preferred.
Required Experience & Skills
- 3–5 years of experience in commodity hedging or forex treasury operations.
- Positive knowledge of LME, MCX and metal commodity markets.
- Understanding of futures, options and forward contracts.
- Knowledge of USD/INR currency fluctuations and forex exposure.
- Strong Excel and MIS reporting skills.
- Analytical skills and financial risk assessment.
- Experience in metal manufacturing, trading or import/export companies preferred
Interested candidate please text me via whatsapp:+91-XXXXXXXXXX.
Pay: ₹25,000.00 - ₹50,000.00 per month
Benefits:
- Cell phone reimbursement
- Health insurance
- Provident Fund