Assistant - Book Owner (Coal)

Company Description

You’re talented and adaptable. That’s why you’ll fit in.

As well as discovering, mining and processing many of the essential raw materials that enable, support and enhance modern life, our global business is involved in selling and marketing products – copper, platinum and other precious metals, iron ore, coal, nickel and diamonds. Through our Marketing Business, we are able to offer innovative solutions to meet our customers’ specific challenges. This includes physical products, logistics and technical support, as well as pricing and financing solutions.

Job Description

The purpose of the Marketing BU is to sustainably maximise cash flows from the marketing of Anglo American products and services. In support of this, we have set ourselves a target to deliver a considerable uplift in Value by 2023.

The Coal Trading team as part of Energy Solutions has a global footprint with team members situated in offices in Johannesburg, London, Brisbane, and Singapore. The team is accountable for the marketing and sales of ~25Mtpa of coal, 10-15Mt of which is procured under offtake in South Africa from Thungela with the balance sourced from third party volumes primarily from South Africa and Australia with expansions into Indonesia, U.S., and Colombia.

Planning and executing the physical marketing, sales & trading strategies of exports and aligning it with the overall trading strategy and risk policy require special focus.

KEY TASKS

Regional Commodity Portfolio Management

• Determine the optimal short-medium term commodity allocation and sourcing to ensure the highest value is generated for the regional commodity sales/trading book(s)
• Effectively manage risk exposure to ensure sustainable value generation within region(s)
• Optimize the Commercial/Operational interface for the traders through understanding of the commodity including, quality, tonnage and timing, availability for sale to end use customers and/or traders
• Understanding of MtM P&L and impact on portfolio valuation / Work with traders and Risk Management to ensure best defined forward price curves

Systems and Reporting

• Maintain CTRM system with regional contract information (e.g., matching sales and purchases) on a timely and accurate basis
• Utilize CTRM system data to produce summary customer reports to assist Book Owner and Traders in commercial decision-making
• Maintain regional positions book with up-to-date information
• Ad hoc reporting for Book Owner and/or Front Office, liaison with Risk and Finance

Process Improvement

• Make suggestions for process and system improvements
• Continuous improvement on management of portfolio as markets change

Stakeholder Management

• Build and maintain relationships with key stakeholders in the production Business Unit, Risk Management and Accounting

Risk and Governance

• Maintain and integrate the commodity trading approval process
• Ensure all activities are compliant with Marketing’s risk framework

Qualifications

Preferred - Degree educated with a qualification in a relevant subject area

 Specific Knowledge requirements:

• An understanding of the economic, commercial, and political issues affecting the coal market
• Knowledge of and interest in the mining or resources industry and commodity markets
• Expertise in global commodity markets and their drivers
• Knowledge of coal value chain
• Experience/knowledge of the coal market, technical coal specifications and operational knowledge
• Deep understanding of marketing fundamentals (i.e., pricing, delivery strategy, value chain dynamics, net back calculations)
• Advanced CTRM systems knowledge, e.g., Aspect
• Reporting system knowledge, e.g., Tableau, Power BI

Additional Information

Who We Are

Anglo American is a global diversified mining business. Our portfolio of world-class mining operations provides the metals and minerals that make modern life possible. We use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world.

As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people’s lives.

What We Offer

• Competitive salary and benefits package
• Amazing opportunities for learning and growth - from technical training to leadership programs, we bring out the best in our people
• We’re a large, successful multinational company and there are plenty of opportunities internally to move onwards and upwards too

Inclusion and Diversity

Anglo American is an equal opportunities employer. We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are and provide equality of opportunity so that everyone can fulfil their potential.

How To Apply

To apply for this role, please complete our online application form. You will have the opportunity to upload your CV and other relevant documentation as part of this process.

#LI-AO1