Derivatives Analyst

Your role

The dairy derivatives markets are developing rapidly. Our derivatives team scouts for the best opportunities to mitigate price risk, analyze market information and guide the position holders on taking positions. Their expertise enables Interfood to add value to our clients to limit their direct price exposure in the dairy commodity market. The Derivative Analyst has a leading role in maintaining the integrity of the derivatives position and the accompanying position limits. This role, supported by our derivatives accountant, ensures that the underlying administrative processes are in place as well as proper matching, settlement and accounting. The interaction with the traders and the brokers will put your communicative skills to the test.

In this role you will report to the Business Financial Controller and will be involved in the financial control procedures enabling the monthly close, audit assistance and integrity of our financials.

As our new Derivatives Analyst you:

• create and maintain accurate reporting of the dairy derivatives transactions.
• coordinate and review the procedures performed by the derivatives team.
  • reconcile daily & monthly broker statements.
  • manage margin calls/excess cash related to derivatives.
• prepare monthly journals for derivatives accounting.
• ensure compliance with hedge documentation and prepare hedge effectiveness testing.
• work with the JDE project team to improve the reporting capabilities of Tableau/JDE.
• monitor suspense accounts.
• execute an adequate and timely month end close / annual close.
• support the Financial Controller in preparation for the external audit and the financial statements.
• develop, prepare and update internal and external reporting.
• support the derivatives traders and the financial and business control team in the day-to-day operations.