Bizongo - Specialist - Hedging

Hedging Specialist

About 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 2-4 years of relevant experience

- Previous experience in commodity hedging is highly preferred

- Knowledge of technical analysis is preferred

Competencies:

- 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