Specialist - Singapore - De Beers Group of Companies

De Beers Group of Companies

Verified Company

Singapore

3 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

**Company Description

You're talented and adaptable. That's why you'll fit in.**As well as discovering, mining and processing many of the essential raw materials that enable, support and enhance modern life, our global business is involved in selling and marketing products copper, platinum and other precious metals, iron ore, coal, nickel and diamonds. Through our Marketing Business, we are able to offer innovative solutions to meet our customers' specific challenges. This includes physical products, logistics and technical support, as well as pricing and financing solutions.

The purpose of the Marketing BU is to sustainably maximize cash flows from the marketing by optimally connecting commodities and customers.

Our vision is to be the most respected marketer of the commodities and in support of this, we have set ourselves a target to deliver a considerable uplift in Value by 2023.

**Job Description

What you'll do**Ensure that appropriate contracts are in place and monitored for all commercial activities for the Base Metals. This role comprises the first and second line governance controls through the validation and confirmation of physical trades and will be crucial in validating the trade entries to ensure the accuracy of the data in the system, which has a direct impact on the commercial invoices.

The Base Metals business environment is experiencing increased levels of complexity, which require greater agility and robust processes, in order to avoid value leakage while optimizing 3rd party trading and equity sales to achieve value maximization.

Typical Tasks:

Deals Validation - _Base Metals ((Copper Concentrates/ Chrome/ Nickel and Ferro Nickel) _

Check and validate the daily trade entries in Trading System against deal blotters as Trade Recap, thereby providing key point of control.
Ensure the accuracy of data in the system through the validation of the daily trade entries, which has a direct impact on the accuracy of commercial invoices
Ensure all deal blotters are appropriately reviewed and signed off and then properly filed and stored in the relevant systems

Contract Management

Contract Preparation and Execution - Base Metals

Interface with Base Metals traders to understand and analyse key contractual terms and conditions
Identify and evaluate potential contractual terms mismatches for purchase and sales contracts and highlight to the traders for their attention
Work with traders to understand their strategies in retaining/ optimizing value through such mismatches and incorporate such contractual terms in the drafting of the physical contract to protect Anglo's interest
Act as a gatekeeper to protect/ minimise the potential value loss through the different contractual / commercial terms of the 3rd party purchase and sales contracts
Understand and evaluate the different payment terms of the purchase and sales contracts and provide advice on workability of the contracts to manage cash flow and working capital. Analyse and identify potential operational issues prior execution that arise from the different contractual terms between purchase and sales contracts and propose resolutions to mitigate such operational risks.
Draft contracts / confirmations
Submit standard contracts to customers for review.
Liaise with customers to agree final terms, escalation to legal and / or traders as required.
Maintain the Trading system with contract information on a timely and accurate basis

Identify and escalate any nonstandard deals or contracts.
Maintain price fixing and sending pricing confirmation to customer

Contract Preparation and Execution - PGMs

Issue framework agreement and forward to customers for their signatory
Issue Sales confirmation from Trading system and forward to front office and customers for their signature

Contract Administration

Manage both supplier and customer communications regarding contracts.
Follow up on KYC and Masterdata setup with internal counterparties
Ensuring Front office submit blotter in a timely manner as per SOP setup
Track and monitor the compliance of all contractual obligations.
Follow up on 3rd party warehouse inventory report/ statement for inventory reconciliation with trading system
Monitor execution of contract and subsequent filing of all contractual documentation in relevant repository.

Contract Reporting

Provide regular and ad hoc reporting on contract outstanding status and performance.

Group Governance and Risk Management

Execute all contract administration activities in alignment with Group Business Integrity and Governance. policies
Escalate and communicate any contract compliance discrepancies through the appropriate reporting line.
Maintain accurate records as contract admin role's within relevant systems.
Governance role to ensure that relevant credit line has been established by Traders, obtained relevant internal control approva