Lead - Hedging
UltraTech Cement
- Location
- Maharashtra, India
- Job type
- Full-time
Required skills
- accounting
- banking
- compliance
- forecasting
- SAP
About the role
UltraTech Cement
Website:
ultratechcement.com
Job details:
Lead – Metal Hedging & Risk ManagementJob Summary:The Lead – Metal Hedging & Risk Management will be responsible for managing the CW ’s commodity exposure to Copper and Aluminium, ensuring price stability and margin protection through effective hedging and risk management strategies. The role involves working closely with LME/MCX brokers, banking partners, and internal teams to forecastmetal requirements, execute hedges, and align procurement and sales pricing to mitigate volatility.Key Responsibilities:1. Metal Price Risk Management
- Monitor global and domestic copper and aluminium prices (LME, COMEX, MCX).
- Identify the company’s natural hedge position between purchases and sales.
- Develop and execute hedging strategies using futures, forwards, and options.
- Recommend optimal hedge ratios and tenures based on forecasts and exposure.
- Establish dashboards for daily metal price tracking and exposure reporting.2. Exposure Identification & Forecasting
- Work with procurement and sales to estimate metal requirements.
- Maintain exposure models integrating purchases, inventory, and sales.
- Forecast net exposure and potential P&L impact under different price scenarios.
- Coordinate with FP&A to integrate hedging outcomes into financial forecasts.3. Hedging Execution & Operations
- Execute hedging transactions on approved exchanges or through authorized brokers.
- Ensure compliance with internal limits, policies, and regulatory guidelines.
- Track daily mark-to-market positions and reconcile with broker statements.
- Manage hedge settlement, rollovers, and profit/loss accounting.
- Maintain documentation and audit trails for all hedge transactions.4. Pricing, Procurement & Sales Coordination
- Align sales pricing with hedged cost levels to maintain margin stability.
- Support procurement in negotiating metal premiums and conversion costs.
- Define price-linked mechanisms in customer contracts.
- Advise business teams on pricing adjustments based on market trends.5. Controls, Compliance & Audit
- Ensure compliance with company hedging policies and accounting standards.
- Support internal and statutory audits on hedge documentation and accounting.
- Monitor adherence to approved risk limits and counterparty exposure.
- Implement risk reporting systems for open positions, P&L, and VaR tracking.6. Market Intelligence & Strategy
- Track LME trends, macro indicators, and currency movements affecting prices.
- Build relationships with brokers and analysts for market insights.
- Prepare periodic reports for management on hedge performance.
- Support strategic sourcing and long-term contract decisions.Qualifications & Experience:
- Education: CA
- Experience: 7–10 years with 3+ years in commodity risk management or treasury (preferably copper/aluminium-related)
- Technical Skills: LME/MCX trading, hedge accounting, VaR, MTM, and SAP/ERP systems
- Experience in Cables & Wires, Metals, Electricals, or Non-Ferrous industries.
- Exposure to international trade, import/export pricing, and commodity risk controls
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