What are the responsibilities and job description for the Trade Operations Coordinator position at StoneX Group?
Overview:
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.
Business Segment Overview:
Connecting clients to markets – and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.
Business Segment Overview:
Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you’ll have the opportunity to optimize processes and implement game-changing policies.
Responsibilities:
Position Purpose: This role is responsible to ensure efficient and effective execution of StoneX Commodity Solutions’ transactions. This role’s primary purpose is contract performance, inventory control and risk mitigation - ensuring accurate execution, payment performance, and safe transfer/release of title for structured trade finance, and domestic back-to-back trade flows.
Primary Accountabilities/Responsibilities: :
- Coordinate with Front Office, Clients, and Vendors to execute purchase and sales transactions
- Perform trade control activities to ensure safe transfer and release of title documentation
- Daily Inventory Management & reconciliation of physical commodity movements
- Trade Settlement - Create ticket applications against contract parameters
- Creation of Inventory, Accounts Payable, Accounts Receivable and cost accrual entries
- Exercised and apply of title documents (bills of lading, scale ticket, warehouse receipts)
- Authorization and approval of vendor invoices and supporting documentation for physical commodity products, freight
- Create and send commercial invoices
- Process settlement checks for approval payment to suppliers and clients
- Formulate Accounts Payable Pre-Payment Advances
- Process daily calls/mail/emails from Customers, Vendors, Truckers and Warehouse facilities
- Create Overfills/Underfills/Washes on Contracts
- Performs monthly inventory reconciliation and adjustments per business line requirements
- Monitors aging payables and receivable balances and escalates as appropriate
- Communicates with management and brokers regarding outstanding issues
- Resolve any customer payment discrepancies
- Preserve orderly records of reconciliations
- This list of responsibilities may not be all-inclusive and can be expanded to other responsibilities as needed.
Requirements
Required:
- Excellent verbal and written communication skills
- Demonstrated ability to assess risk and mitigate/problem solve with sense of urgency
- Strong attention to detail and accuracy
- Flexible and adaptable with an ability to prioritize tasks and meet deadlines
- Passion to learn and expand trade knowledge in unfamiliar product lines
- Proficient in Microsoft office product
Education and Certification Requirements:
- Bachelor’s Degree in Business, Finance, Supply Chain, Economics or business-related field or 5 years relevant commodity trade experience
Working Environment:
- Hybrid: onsite 3 days per week, remote 2 days per week
- Climate controlled office environment
- Minimal physical requirements other than occasional light lifting of boxed materials
- Dynamic, time-sensitive environment
- Some travel as needed
