Associate Manager / Manager - BD & Sales / Trading (Wheat)

ITC Limited; Bengaluru; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

ITC Limited in Bengaluru seeks a Trading and Sourcing professional to drive Wheat sales and trading targets, build market intelligence, and manage PnL for the Wheat division in the region. You will create action plans, interface with internal and external teams, and oversee procurement, warehousing, logistics, and reporting.

The role emphasizes developing staff capability, building a network of brokers and traders, and delivering timely market and risk reports to support strategic

Qualifications

• 2-6 years of experience in Trading and Sourcing desk in reputed Agri procurement company.
• Strong knowledge of local traders and good relationship with government platforms.
• Excellent written and verbal communication skills.
• Excellent Computer skills.

Responsibilities

• Creation of Action Plans for Sales and translating DHQ Plans into PnL aligned targets.
• Prepare and execute sales plans in line with procurement plans and channel capabilities.
• Track market rates to capture arbitrages in trade and optimize margins.
• Develop domestic sale pipeline and ensure full execution to meet annual/quarterly targets.
• Interface with Channel to improve processes and support the trading function.

Skills

Trading experience

Sourcing

Local traders

Communication skills

Education

Agri institutes (IRMA, MANAGE, SIIB, XIMB, NIAM)

Job description

Purpose of Job

Achieve the Sales/Trading Target of the commodity Wheat through creation of Action Plans, Interfacing with Internal / External Organizations, Business Development, generating market intelligence, research, capturing arbitrages in supply chains (procurement, warehouse, logistics etc.), executing the trading plan, customer relationship management, capability building of Staff & extended Organization, providing error free Reports and documentation.

About Us

Purpose of Job

Achieve the Sales/Trading Target of the commodity Wheat through creation of Action Plans, Interfacing with Internal / External Organizations, Business Development, generating market intelligence, research, capturing arbitrages in supply chains (procurement, warehouse, logistics etc.), executing the trading plan, customer relationship management, capability building of Staff & extended Organization, providing error free Reports and documentation. The Manager shall be responsible for managing PnL of Wheat Division for a particular geography.

Key Responsibility Area

Creation of Action Plans for Sales

• Ensure translation of DHQ Plans for PnL and annual sale requirement through customer backward approach
• Prepare and execute sales plan in accordance with the procurement plan and channel capability for procurement of various commodities and finished products
• Continuous tracking of market rates to capture arbitrages in trade
• Creation of domestic sale pipeline, and ensure complete execution of same for meeting annual and quarterly targets
• Execute Sales at the best possible prices at stated contribution levels in line with the overall divisional plan
• Generate action plans to expand the business into other diversified categories in order to better the margins and enter into a more value-added segment

Customer Relationship Management

• Identify customer needs and building strategic and tactical measures to ensure customer satisfaction
• Improvise and execute innovative trading mechanisms customized to the needs of various customers
• Migrate customers from price category to service or commitment category

Interface with Internal / External Organization

• Interface and recommend with the Channel to improve processes
• Ensure adequate support to the Channel to resolve all issues related to Trading in the State has been provided
• Coordination between customers and Channel to improve process efficiency
• Interface with the Foods Division in the State

Performance analysis & feedback

• Highlight various deviations in performance through active monitoring of performance indicators vis-Ã -vis sanctioned plan figures, reasons for the gap, provide feedback on performance improvement and follow up on the suggestions given for its improvement

Capability Building

• To enable staff and team with necessary support for better performance of business
• To interact with all stakeholders to address their issues
• To ensure necessary technology is in place to make the systems more efficient

Reports & Documentation

• Ensure proper documentation of Sales & Trading related Data and Reports as required by the Business
• Ensure all documents such as sale trackers, PnL circulation reports, market reports, risk mitigation reports, Long Short reports and other necessary trackers are sent on time

Market Research / Intelligence

• To access market reports, weather reports, mandi rates, customer end product markets and global markets to derive at a complete understanding of the market
• Develop a network of brokers and traders in the domestic market for extending better reach in the market
• Generating Supply and demand of Wheat at Hub level, State level and subsequently at country level
• Develop a system in conjunction with the Channel Manager that ensures that the Channel keeps track of supplier competition and their activities
• Develop a system in conjunction with the Channel Manager that determines the crop potential of various crops being cultivated or having potential of cultivation in the State, that identifies value chains of crops having marketable surplus and a reliable, credible crop survey mechanism that predicts accurately critical parameters viz. expected quantity, quality etc. of crops under observation

Warehouse Management

• To sensitize BOM manager regarding planned storage capacity before the start of the Wheat season
• Develop a system / process in conjunction with the Channel Manager to ensure optimum warehouse utilization
• To ensure delivery of material as per the required blend specifications of the customers
• To maintains strict distinction between material classified for internal customer (FBD) from material meant for general trading or other preferred customers.

Logistics Management

• Develop a system in conjunction with the Channel Manager that maintains proper records, accounts of material dispatched and received at destination, transition losses, cost of transportation, variation of cost from budgets and packaging material usage and to provide an audit trail to the entire process
• Develop market tracking mechanism in conjunction with the Channel Manager to provide regular information on prevailing market prices, competitor's costs and stock movement by competitors and other market players

Personal profiling

• 2-6 years of experience in Trading and Sourcing desk in reputed Agri procurement company.
• Strong knowledge of local traders and good relationship with government platforms.
• Highly self motivated and demonstrated ability to work with minimal supervision.
• Demonstrated ability to work well with people from a variety of backgrounds.
• Excellent written and verbal communication skills.
• Excellent Computer skills.

Internal communication

• Business Manager
• Vice President – Bulk Commodities & Supply Chain

External Communication

• Government authorities
• Traders and Trading community
• Brokers
• Competitors – Millers, Institutional customers etc
• Logistics and Transporters

Requirements

• From a R eputed Agri sourcing and procurement organizations in similar space
• Preferably from premier Agri Institutes like IRMA, MANAGE, SIIB, XIMB, NIAM etc.