Specialist - Hedging - Mumbai, India - Bizongo

    Bizongo
    Bizongo Mumbai, India

    3 weeks ago

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    Description

    Hedging Bizongo:


    At Bizongo, we help brands and enterprises achieve scalable growth through our AI-powered transaction first vendor digitization and embedded financing platform.

    Bizongo's platform has an embedded ecosystem of 450+ brands/enterprises across diverse industries, an extensive vendor network of 7500+ businesses, and 30+ financial institutions.

    We offer ease of business and growth opportunities to businesses across India's backbone industries.

    About Function : The function manages raw material business, trading of Aluminium RM mainly

    What you'll be doing:


    • We are seeking a Hedging Specialist to join our team, focusing on Raw Material Consolidation with a primary emphasis on Aluminium ingots, aluminium foil stocks, aluminium wire rods, etc
    • The role involves managing domestic transactions, mitigating price volatility through strategic hedging, and expanding into the realm of international trade, including Dollar hedging, MCX, and LME hedging
    • The Hedging Specialist will play a crucial role in managing the hedging activities associated with our Raw Material Consolidation, with a focus on Aluminium products
    • The role involves both domestic and international transactions, requiring a keen understanding of commodity markets and effective hedging practices
    • The successful candidate will contribute to maintaining a robust hedging framework, ensuring profitable trades while minimizing risks
    • This position offers the opportunity to be part of a dynamic team and contribute to the company's growth in the commodities market

    Key Responsibilities:

    • Execute hedging activities on the platform in adherence to Standard Operating Procedures (SOP) for all physical trades involving Aluminium products
    • Devise effective hedging strategies, ensuring zero speculation and minimal risk to maximize profitability in alignment with market conditions
    • Continuously identify and implement efficiencies in hedging transactions to optimize trade outcomes
    What will make you a good fit :

    • MBA is preferable
    • Min 24 years of relevant experience
    • Previous experience in commodity hedging is highly preferred
    • Knowledge of technical analysis is Strong analytical skills and attention to detail
    • Ability to navigate and execute transactions on various platforms
    • Strategic thinking to identify and implement effective hedging strategies
    • Excellent communication skills to coordinate with internal teams and external partners )