Grains Brokerage Administrator Job Profile and Description
Grains Brokerage Administrators are responsible for brokering services to various grains growers in the country to ensure they get the best prices for their produce. They are essentially middlemen who work with spot price merchants and commodity marketers who sell any number of commodities like coffee, wheat, oil, gold, etc. in the futures trading markets. They can also broker government grains requirements to feed the population in cases when local production cannot satisfy national feeding needs.
Grains Brokerage Administrator Duties and Responsibilities
- Maintain and update database of grain growers for wheat, rice, barley, etc.
- Maintain good relations with government food authorities, commodities trading and brokerage firms around the word and wheat growers in the country
- Ensure that the correct and fair prices are offered to growers based on prevailing spot market prices.
- Oversee a team of accountants for each commodity type to ensure they perform their duties and responsibilities in accordance with corporate policies.
- Provide regular reports to higher management regarding market price trends, potential markets, new growers and political hot spots around the world
Grains Brokerage Administrator Skills and Specifications
- Excellent negotiation, communication, interpersonal and diplomatic skills to deal directly with farmers and growers along with traders and fellow brokers
- Excellent perception of integrity among wheat growers and commodities traders
Grains Brokerage Administrator Education and Qualifications
- A BS degree in economics, commerce and marketing is basic.
- A master’s degree in economics or management is preferred
- 2-3 years of experience in commodities trading is an advantage
Grains Brokerage Administrator Salary
The average annual salary of Grains Brokerage Administrators varies depending on the number of brokers under his supervision for which he gets an overriding commission on the volume of grain transactions and the spot prices. These prices determine the commissions from the movement of grains which will also vary depending on the trading firms transacted. Typically the earnings can be anywhere from $50,500 to a high of $300,000 which can easily got through the roof during bumper grain harvests or high spot grains prices in the world markets.
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