Product Controller (Sugar)
What we do
We source, store, ship and distribute agricultural products including coffee, sugar, molasses and grains. We trade those products around the world, and with some, we process and brand them for industrial customers and the supermarket shelves.
We help many of our customers manage pricing risk through financial products. For others we act as a broker, executing orders for hedge funds and professional traders. And we do our own clearing through exchanges, such as the Chicago Board of Trade and the London Metals Exchange.
Why we do it
There’s a lot of uncertainty in the world – situations change; crops fail – but we’re known for making sure our customers can still do business. It’s a stance we’ve held to be true since 1783.
For us, it’s about managing risk and providing security. For example, we help our farmers grow better-quality crops, more sustainably, by teaching them agricultural techniques that will keep their land productive for future generations.
That way we can help our growers achieve a better, more sustainable standard of living. And we help protect our customers from that price-change volatility with tools such as hedging and futures.
How we do it
We do business across the world, but we’re small enough that business feels personal.
As group of companies, we use our diverse strengths to help our customers succeed – not just the people who buy from us; we think of our colleagues and suppliers as customers too.
ED&F Man is one of the world's leading traders of agricultural commodities; we are looking to recruit a Product Controller to support our worldwide sugar trading business which operates in over 20 countries managing sugar procurement, production and distribution, with significant strategic growth ambitions for the future.
This is an exciting opportunity to take on a challenging role which offers a broad spectrum of responsibilities, scope, and commercial activity. A primary objective is the provision of high quality value added financial analysis and insight to support the trading management team by the product of Daily and monthly PnLs and Attributions.
The role requires a high level of interaction with the Sugar Division's trading business unit, its related operations, and other departments within the ED&F Man Group. This is a significant "hands on" role requiring flexibility to handle detailed transactional work as well as higher level analysis and review.
We need an individual with proven experience of operating within a fast paced international trading environment with a proactive approach to transactional activities, financial reporting and control, continuous improvement and business performance initiatives.
- Partner with the trading team to provide support through financial and management information analysis and reports.
- Timely and accurate P&L reporting for the global trading regions.
- Review and challenge the pricing of contracts to ensure a consistent and accurate methodology is applied.
- Produce and understand the positions being run by the traders to ensure the systems are consistent with trader estimate.
- Develop a consistent and comprehensive set of standards and reports for the trading operation to improve financial and commercial support services to the business.
- Ensure compliance with minimum control standards and risk requirements.
- Proactive support for traders and operations, providing all relevant financial information and responding to ad hoc requests.
- Provide resource to ongoing initiatives with respect to processes.
- Review and monitor incomplete contracts.
- Previous exposure to physical commodities is not necessary but would be a benefit.
- Ideally a qualified accountant with experience in industry in product control
- Experience in daily PnL production.
- Finance Qualification of ACA /CPA / ACCA / CIMA or equivalent is preferred
- Previous experience working in a business facing organization.
Who We Are
Established in 1783, ED&F Man is an employee-owned agricultural commodities merchant with 7,000 people in 60 countries and annual revenue in excess of $10bn. We trade sugar, coffee, molasses, animal feed, grains and pulses. We help our counterparties manage price risk through hedging and provide access to commodity and capital markets through our brokerage business.
We source or process raw, white and specialty sugars from over 40 producing countries. We sell to refineries, industrial users, wholesalers, retailers and consumers, offering local solutions though a number of in-country purchasing, sales and distribution businesses. We have also invested in a food technology company to launch a stevia sweetener with the flavour and mouth feel of sugar.
As a founding member of Bonsucro, all our processing operations and trading hubs have the highest sustainability credentials and we play an active role in developing the sustainability agenda.
Here at ED&F Man we are guided by our five company values: Respect, Integrity, Meritocracy, Client Focus and Entrepreneurship.
Our values are underpinned by a set of essential behaviours, which form part of our performance management approach. Delivering on our objectives is very much about 'what' we do, but these essential behaviours also provide a guide and measure for 'how' we do things.
As part of the annual performance review, all employees are measured either against a set of five Leadership Essentials if you are a people manager or four Performance Essentials if you are an individual contributor.
1. Drives Innovation
2. Leads People
3. Delivers Results
5. Manages Resources
1. Drives Innovation
2. Leads People
3. Delivers Results
Equal Opportunities Statement
ED&F Man is committed to promoting equal opportunities in employment. All qualified applicants will receive equal treatment without regard to race, colour, sex, gender, age, religion or belief, ethnic or national origin, marital or civil partner status, physical or mental disability, military or veteran status, sexual orientation, gender reassignment (identity, gender expression), genetic information or any characteristic protected by local law.