Senior Trader - Commodity (Cocoa)
Resume:
Jasveer Singh
Commodity Consultant - (Cocoa) (** months)
W.R Carpenters (PNG) Limited
+60-164****** ************.*****@*****.*** Segambut, Kuala Lumpur
Experience
Apr 2015 - Feb 2016
(10 months )
Commodity Consultant - (Cocoa)
W.R Carpenters (PNG) Limited Papua New Guinea
Industry
Agricultural / Plantation / Poultry / Fisheries
Specialization
Trading: Physical, Futures & Options
Role
Others
Position Level
Senior Manager
WR Carpenter (PNG) Group of Companies operates in the Pacific primarily in Papua New Guinea and Fiji. It has over 6,000 employees and is one of the top four employers in PNG. WR Carpenter (PNG) cocoa trading operations commenced 2 years ago (2013) and is gradually gaining market share being the third largest exporter of PNG cocoa. WR Carpenters operates nine procurement units throughout Papua New Guinea and one procurement unit in Honiara, Solomon Islands.
Roles & Responsibilities
Responsible for the overall Cocoa Division Profit & Loss (cradle to grave) cocoa procurement and sales operations throughout Papua New Guinea and Solomon Islands which includes accounting, audit, capital/cash flow budgeting, logistics, hedging/futures/finance, sales, hiring/training of new/existing staff, implementing industry best practices and performance / KPI overviews.
To provide and communicate market information, obtain competitors prices and provide daily purchase prices based on the ICE New York/Liffe close to warehouse managers for distribution throughout the supply chain. This is to ensure that all partners in the supply chain have transparency of prices including exchange rates between USD /PNG Kina/Sol Dollar.
Implemented Standard Operating Procedures (Industry Best Practices) and Internal Controls for all origin cocoa procurement operations which monitors and records daily purchases, deliveries, stocks and fund recap.
To monitor Daily Reporting Templates for compliance, completeness, accuracy, cut off and existence on a daily basis and update daily profit/loss stock price risk exposures.
To communicate with brokers, clients, grinders and trade houses to keep abreast of global cocoa market developments and to provide information on regional cocoa news.
To evaluate New York and London Cocoa futures markets using fundamental, technical analysis and chart patterns focusing on outright price movements, arbitrage between ICE & LIFFE and spread/switches to capitalize on favourable market movements for profit maximization.
To monitor various aspects of the warehouse operations including stocks levels, reprocessing cocoa and consumable stocks monitoring (gunny sacks).
To monitor sales stocks position and shipments to ensure sufficient stocks are in hand to be delivered to clients at contracted dates with specific quality requirements.
To update and communicate Weekly Shipment Schedules and Weekly Outstanding Items List (Account Receivables Ageing Report / Pending Shipment Schedule / NLWQ Reports)with clients and origins respectively.
To analyse, update and communicate Weekly Procurement Performance and KPI reports for all buying units to ensure team awareness of respective performance strengths, weaknesses, opportunities, threats as well as sharing and comparing information between buying units.
Responsible for maintaining, building and diversifying client and supplier base.
To implement and expand special projects (Single origin cocoa, plantation cocoa and certified cocoa (UTZ).
To perform quarterly internal audits on all procurement units to check for irregularities and compliance with Group Financial Reporting Standards.
To format seasonal budgets and monitoring of fixed/variable costs against budgets and costs associated with export shipments.
To prepare, monitor and present quarterly cash flow statements, impact of financing costs on profitability and solutions for cost reduction (FIFO, alternative financing, etc)
Nov 2014 - Mar 2015
(4 months )
Senior Trader and Special Projects
Sucden Malaysia Limited Kuala Lumpur, Malaysia
Industry
Agricultural / Plantation / Poultry / Fisheries
Specialization
Trading: Physical, Futures & Options
Role
Others
Position Level
Senior Executive
Company Background
Principal activity of Sucden Malaysia Limited will be to develop Origin sourcing of Indonesian, Vietnamese and South Pacific Cocoa beans, including Sustainable and Certified sources and target Sales to emerging and international Chocolate markets. With staff force boasting 70 years of combined experience specializing in sourcing, logistics, marketing and trading cocoa regionally and globally, Sucden Malaysia Limited is poised to take advantage of Asia’s economic growth in general and demand for Soft Commodities.
Roles & Responsibilities
•To provide and communicate market information, obtain competitors prices and provide daily purchase prices based on the ICE New York/Liffe close to warehouse managers for distribution throughout the supply chain. This is to ensure that all partners in the supply chain have transparency of prices including exchange rates between USD/Indonesian rupiah/VND/PNG Kina/Sol Dollar.
•To monitor daily cocoa arrivals at main ports, monthly cocoa production through a field track reports so as to have fundamental information on the supply of cocoa trends in the local markets of Asia and Pacific Region. This information is used to make strategic sales decisions in marketing of cocoa and supports the rationale of the profit and loss of the company.
•To travel to all origins on a regular basis to meet all partners in the supplier chain, review all warehouse operations and perform internal audits.
•To monitor monthly export data, local shipments, grinding data and export duty to make strategic marketing and logistic decisions.
•To create seasonal annual budget for buying units in all origins and monitor actual costs against budgets on a monthly basis.
•To monitor the various aspects of the warehouse operations including stocks levels, reprocessing of cocoa and consumable stocks monitoring (gunny sacks).
•Limited speculative trading positions taking into various fundamental, technical & chart patterns to justify trades.
•Updates & monitors individual buying units/warehouse profitability, valuation & expenses reports as well as KPI’s for performance comparison in respect of promotion & bonus.
•Monitor sales stock monitoring and shipments to ensure sufficient stocks are in hand to be delivered to clients at contracted dates with specific quality requirements.
•Monitor of contracts, weight & quality claims, and quality analysis and warehouse layout plans to ensure sufficient quality cocoa is blended to be able to reduce weight & quality claims.
•Communicating with brokers and liaise with London/Paris and Singapore counterparts to keep abreast of global cocoa market developments & to provide information of regional cocoa news.
•Maintain & build client relationships. (New sales, price fixes, weight & quality settlements)
•To source and actively market different origin cocoa beans (African/South American/South Pacific/Indonesian/Vietnamese) to local, regional and international grinders/chocolate manufacturers.
•Developing and actively seeking new suppliers and clients to enhance profitability portfolio.
•Market research and development to actively capitalize on speculative and arbitrage trading opportunities from both physical and futures markets.
•Accounting, capital budgeting, auditing and reconciliation services. (Book keeping/records maintaining/ fixed asset listings/petty cash/internal audits/cash flow budgeting/cost accounting etc.)
Jan 2010 - Sep 2014
(4 years 8 months )
Trader
Armajaro Kuala Lumpur Sdn. Bhd. Kuala Lumpur, Malaysia
Industry
Agricultural / Plantation / Poultry / Fisheries
Specialization
Trading Physical, Futures & Options
Role
Others
Position Level
Junior Executive
Company Background
Armajaro Trading Limited is a global agricultural trading and procuring Commodity Company with headquarters in London, United Kingdom. Its key objective is to an active supply chain manager in the procuring of agricultural commodities from farm level to end user.
Roles & Responsibilities
•To provide and communicate market information, obtain competitors prices and provide daily purchase prices based on the ICE New York close to warehouse managers for distribution throughout the supply chain. This is to ensure that all partners in the supply chain have transparency of prices including exchange rates between USD and Indonesian rupiah.
•To monitor daily cocoa arrivals at main ports, monthly cocoa production through a field track reports so as to have fundamental information on the supply of cocoa trends in the local markets of Asia and Pacific Region. This information is used to make strategic sales decisions in marketing of cocoa and supports the rationale of the profit and loss of the company.
•To travel to all origins on a regular basis to meet all partners in the supplier chain, review all warehouse operations and perform internal audits.
•To monitor monthly export data, local shipments, grinding data and export duty to make strategic marketing and logistic decisions.
•To create seasonal annual budget for buying units in all origins and monitor actual costs against budgets on a monthly basis.
•To monitor the various aspects of the warehouse operations including stocks levels, reprocessing of cocoa and consumable stocks monitoring(gunny sacks).
•Responsible for creating & implementing Standard Operating Procedures (SOP) for warehouse operation, fixed asset listing, gunny sacks & sanitary/hygiene management systems.
•To monitor daily trade business (purchases, hedging, arbitrage, switches, price fixes) and update futures positions.
•Limited speculative trading positions taking into various fundamental, technical & chart patterns to justify trades.
•Monitor & engage staff in warehouses to facilitate smooth warehousing activities. (provide performance feedback, pricing, competitors updates, hire & dismiss staff, advise shipments & provide day to day solutions to problems)
•Monitor actual v target purchases to ensure volume targets are met.
•Updates & monitors individual buying units/warehouse profitability, valuation & expenses reports as well as KPI’s for performance comparison in respect of promotion & bonus.
•Monitor sales stock monitoring and shipments to ensure sufficient stocks are in hand to be delivered to clients at contracted dates with specific quality requirements.
•Monitor of contracts, weight & quality claims, quality analysis and warehouse layout plans to ensure sufficient quality cocoa is blended to be able to reduce weight & quality claims.
•Monitoring of cash flow .
•Communicating with brokers and liaise with London and Singapore counterparts to keep abreast of global cocoa market developments & to provide information of regional cocoa news.
•Setting up new buying units, analyzing purchases potential, profitability, staff, resources, capital expenditure & budgets.
•Opportunistic business back to back with Pacific Beans.
•Maintain & build client relationships. (New sales, price fixes, weight & quality settlements)
Feb 2008 - Aug 2009
(1 year 6 months )
Associate
PricewaterhouseCoopers Penang, Malaysia
Industry
Accounting / Audit / Tax Services
Specialization
Finance - Audit/Taxation
Role
Auditing
Position Level
Junior Executive
Company Background
PricewaterhouseCoopers is one of the Big 4 global auditing companies. With over 150 years of reliable track record & a global brand name akin to quality assurance, tax & advisory service providers, PWC is firmly an internationally trusted institution. As an associate in PwC I am tasked in planning and auditing medium size to large complex companies from various different industries. All business cycles are audited thoroughly which includes purchasing-payables, sales & receivables, treasury, property, plant & equipment and payroll cycles to ensure accuracy, existence, cut-off, completeness of the financial records as well as the strength of the clients internal control systems. The assignments that I have engaged in the capacity of an external auditor as of to date are:
(i) Sekinchan Marine Products Sdn.Bhd.-Marine food processing & exporters.
(ii) Fuji Lift & Escalators Manufacturing Sdn.Bhd.-Lift & escalator manufacturers.
(iii) Fein Blanking Sdn.Bhd.-Escalator manufacturers.
(iv) Rycohydraulics Sdn.Bhd.-Industrial grade pipes & hydraulics manufacturers.
(v) Toyo Memory Technologies Sdn.Bhd.-Hard disk manufacturers
(vi) Mattel Malaysia Sdn.Bhd.-Toy manufacturers
(vii) GKN Driveline-Auto & Aero shaft manufacturers
(viii) Kraft Snacks & Manufacturing –Food & snacks manufacturers
(ix) President Hotel Sdn.Bhd. (Park Royal)-Hoteliers
(x) Precico Electronics Sdn.Bhd.-Electronic manufacturers
(xi) Khaw Gim Leong Sdn.Bhd.-Palm oil plantation company
(xii) Drs.Alan & Gunstensen-Medical services
Roles & Responsibilities
•Documenting, validating, testing and assessing various control systems
•Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team
•Documenting and validating the operating effectiveness of the clients’ internal control system
•Making constructive suggestions to improve client internal controls and accounting procedures
•Performing audit procedures to verify that the client’s financial records present its true financial situation
•Performing overall financial statements analysis, computation of financial ratios and trend analysis
•Assisting in drafting financial statements, annual income tax returns and management recommendation letters
•Takes an active role in audit planning including preparation of audit approach, preparation of audit budgets and staff forecasting
•Supervises audit fieldwork and performs detailed review of the audit working papers to monitor and maintain the quality of services provided to clients
•Communicates with client management significant issues and possible resolutions pertaining to audit findings
•Reviews drafts and finalizes client financial statements, income tax returns and management recommendation letters
Education
2007
Victoria University of Wellington
Bachelor's Degree in Finance/Accountancy/Banking New Zealand
Major
Accounting & Commercial Law
2002
INTI International College Penang
Higher Secondary/STPM/"A" Level/Pre-U in Sciences Malaysia
Skills
Advanced
Microsoft Excel, Microsoft Word, Microsoft Power Point, Typing, UBS Accounting System, MYOB Accounting System
Languages
Proficiency level: 0 - Poor, 10 - Excellent
Language
Spoken Written
English (Primary)
10 10
Bahasa Malaysia
10 10
Bahasa Indonesia
8 8
Hindi
6 6
Jobstreet English Language Assessment (JELA)
Date Taken
24 Mar 2014
Score
40/40
Additional Info
Expected Salary
MYR 25,000
Preferred Work Location
Anywhere in Malaysia, Australia & New Zealand, Anywhere in Indonesia
Other Information
OTHER ATTRIBUTES AND ACHIEVEMENT
Educational:
-Distinction in Finance 211, Charles Sturt University, Semester 1, 2007
-Best Penang Sikh Student Award (1999,2001)
Extra Co-Curricular Activities:
-Athletics Captain Penang Free School, 2001
-Vice Captain Hargreaves House, Penang Free School, 2001
-Board of Prefects, Penang Free School, 2000-2001
-Board of Wardens, Penang Free School, 1998-1999
-MSSPP Gold Medal (State Level), 4x100m relay, 1999
Strengths:
-Knowledge in investment, finance, futures, options, physical trading, accounting and real estate.
-Good Leadership skills
-Speaks fluent English
-Excellent in communications
-Creative and resourceful
-A Team player
-High sense of responsibility
Referees
Jasbir Singh
General Manager
Armajarokl Sdn. Bhd.
Godfrey Loh
Director
Armajarokl Sdn. Bhd.
Amrit Kaur
Partner
PricewaterhouseCoopers (Kuala Lumpur)
About Me
Gender
Male
Age
31
Address
155-16-6, Menara Duta Condominium 1, Jalan Dutamas Raya, 52100, Segambut, Kuala Lumpur, Malaysia
Nationality
Malaysia
Contact this candidate