Hedging & Contract Specialist at Nucor Corporation in Cincinnati, Ohio

Job Description:

About Us:



DJJ, a division of Nucor Corporation, is seeking applicants for our Hedging position. DJJ is a world leader in scrap metal recycling, trading, and transportation. We have relationships with scrap metal businesses around the world. Founded in 1885, we pride ourselves on our dedication to safety, and the principles of integrity and respect. We're recognized as a good community citizen who is trustworthy, financially strong, and environmentally proactive. Our parent company Nucor Corporation is a Fortune 100 company, known for being North America's leader in designing, manufacturing, and recycling steel and steel products with a history of long-term sustainability and stability. Fortune Magazine recently ranked Nucor No. 1 on their list of the World's Most Admired Companies in our industry. The key to Nucor's success is that we care about the safety and well-being of our teammates and customers, the health and protection of our environment, and the relationships we establish in the communities where we live and work. At the heart of every Nucor division are the dedicated people who make up our team. We are seeking a creative, motivated, and dedicated teammate to join our DJJ team. We offer you a challenging and rewarding work environment where you can contribute to the success of over 30,000 Nucor teammates.




Benefits:



SOME OF THE BEST BENEFITS IN THE BUSINESS
Medical and dental are just the beginning. We value our teammates and offer benefits packages that also include:

• Bonus program


• Profit sharing


• Retirement savings


• Vacation and holiday pay


• Scholarship and tuition reimbursement


• Unlimited growth potential


• Hybrid work schedule

We strive to avoid implementing layoffs or furloughing our teammates. We strongly believe that a Nucor teammate who does their job properly today, should feel confident that they will have a job tomorrow. For more information on our benefits go to Nucor.com/benefits.




Basic Job Functions:



DJJ has an immediate opening for a Hedging and Contract Specialist in the Metals Group Trading Office. This role reports to the Hedging and Contract Supervisor and is expected to focus primarily on aluminum and copper risk management and the related hedging and contract activities.

• Risk Management: Develop and implement hedging strategies to protect against adverse price movements in aluminum and copper scrap. This involves analyzing market trends, monitoring pricing indicators, and executing hedging transactions such as futures contracts


• Market Analysis: Conduct research and analysis on the nonferrous scrap metal market, including supply and demand dynamics, pricing trends, and macroeconomic factors. Stay updated on industry news and regulatory changes that may impact the market


• Contract Management: Enter, maintain, and manage contracts received from our Recycling Group. Ensure accurate and error-free contract entry, monitor contract terms, and handle contract troubleshooting


• Pricing and Pricing Strategies: Collaborate with Commercial Team to determine pricing strategies for unhedged/open priced orders. Monitor pricing deadlines and ensure timely pricing from customers. Provide pricing reports and updates as necessary


• Relationship Management: Work closely with traders, customers, suppliers, internal teams, and hedging counterparties to build and maintain strong relationships


• Reporting and Analysis: Generate regular reports on inventory volumes, open orders, priced orders, and other relevant metrics. Analyze data to identify trends, risks, and opportunities, and provide insights to support decision-making


• Provide support to Commercial Team and other team members during travel or periods of high workload


• Compliance: Ensure compliance with relevant laws, regulations, and internal policies. Monitor and mitigate risks associated with contract discrepancies, margin reports, and customer creditworthiness

Safety is the most important part of all jobs within Nucor; therefore, candidates must be able to demonstrate the ability to initiate, lead, and uphold safety policies, practices, procedures, and housekeeping standards at all times.




Minimum Qualifications:

• Bachelor's Degree, preferably in a business discipline


• Exceptional communication skills


• Able to work autonomously and as a member of the team


• Open to future relocation (company paid) to opportunities throughout the enterprise

Preferred Qualifications:

• Extensive knowledge of the scrap metal recycling and steel industries


• Demonstrate a high level of computer skills in Word, Excel, PowerPoint, etc

Nucor is an Equal Opportunity/Affirmative Action Employer - M/F/Disabled/Vets - and a drug - free workplace Apply Now