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Settlement Team Operations Associate
INTL FCStone
Kansas City, MO, United States
Job Details - this job has expired, please see similar jobs below
Position Purpose:
Responsible for converting contracts to inventory or cash. Daily initiation of purchases, inventory and deliveries of feed/ingredients, fats/oils, cotton, physical fuel, coffee/cocoa, coco-trading, energy, off-take agreements and repurchase programs. This will be inclusive of entering bookings, applying title documents, accounts receivable invoice creation, freight processing and verification of those items against contract parameters.
Primary Accountabilities/Responsibilities:
• Liaise with Execution Team, Clients and Vendors as required to convert contracts to inventory or cash Initiation of purchases, inventory and deliveries
• Enter bookings (ticket/ladings) against specific contracts
• Matching and working of tickets against contract parameters
◦ o Applying title documents to contracts
◦ o Management of title documents (bills of lading, scale ticket, warehouse receipts)
◦ o Create Accounts Receivable Invoice
◦ o Handoff and communication of vendor invoice and supporting documentation to Back Office for physical products, freight and EWRs
• Create Accounts Receivable Pre-Payment/Proforma Invoices
• Create Accounts Payable Pre-Payment Advance
• Process daily mail/emails from Vendors, Truckers and Warehouse facilities that would create the logistics movement of product
• Verify freight charges are correctly entered on each ticket that the trader (front office) has assigned to the load order and process settlement of freight invoices
• Assist with the daily processing and reconciliation of marketing and feedstock financing agreements
• Assist with repurchase programs and the daily processing associated with those programs
• Create Overfills/Underfills/Washes on Contracts
• Review of daily and weekly recaps of Customer activity reports
• Communicates with management and brokers regarding outstanding issues
• Assist with research of contract discrepancies (price, product, freight, date, etc.)
• Perform miscellaneous administrative projects. Assists back office with customer payment discrepancies Maintain orderly records of reconciliations
• Maintain prompt and regular attendance
• This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed
Job Requirements:
• Associate degree or equivalent work experience preferred or 3+ years’ experience in a financial and/or physical trading environment, or equivalent combination of education and experience.
• Strong work ethic.
• Detail oriented and excellent documentation skills.
• Ability to multitask and prioritize multiple projects in a busy, demanding environment.
• Ability to work in a team environment.
• Excellent customer service, communication, and organization skills.
• Proficient knowledge of Microsoft Word and Excel.
• Able to work with a minimum of supervision while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.
• Proven analytical problem-solving ability.
Physical requirements/Working conditions:
• Climate controlled office environment
• Minimal physical requirements other than occasional light lifting of boxed materials • Dynamic, time-sensitive, trade room environment
We encourage applicants of all ages and experience, as we do not discriminate on the basis of the applicant's age.