Entry Level Commodities Broker
Powerhouse
154 reviews
Powerhouse in Washington, DC 20007
$50,000 - $55,000 a year - Full-time
Powerhouse
154 reviews
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Job details
Salary
$50,000 - $55,000 a year
Job Type
Full-time
Number of hires for this role
1
Qualifications
• • Bachelor's (Required)
• US work authorization (Required)
Full Job Description We are seeking a candidate that is willing to get in on the ground floor and learn our commodities brokerage business by assisting with trade execution, processing account opening paperwork, reviewing daily trade activity, monitoring accounts payable and cash reconciliation. From this position, candidates can progress to become a commodities broker responsible for sales calls, client advice, order execution, and account management. This position requires a high-energy highly motivated person. Interpersonal skills are central to the task.
Areas of Responsibility
A successful Energy Commodities Broker will:
• communicate with clients and prospects and may expect to spend a good deal of time on the telephone
• maintain lead and client lists, in our CRM (HubPs
• assist in developing financial structures for risk management strategies
• participate in order generation and execution
• assist in researching fundamental economic data related to energy
Primary Objectives
Powerhouse is a full-service energy brokerage. It relies on a regular stream of new clients and new services for its existing clients to maintain its growth. This employee’s contribution to that growth will be readily identifiable. The successful candidate will be evaluated using the following criteria:
• Passing the Series 3 Exam within three months of hire
• Ability to engage with prospects and current customers over the phone and in person
• Accurate entry of trades (after Series 3 is earned)
• Willingness and success with other tasks assigned
Powerhouse is a collaborative enterprise; the efforts of all employees are known and appreciated by all of us.
Required Knowledge, Skills and Abilities, Education
This position requires an energetic, highly motivated person. Powerhouse is an open trading office, and our floor plan is open by design. As a result, we are seeking an individual that is comfortable and can focus in chaotic environments.
Education
The employee will possess a college degree. Although not essential, specialization in economics, finance, international relations, mathematics, or business subjects is highly desirable, but not required.
The employee will hold the Series 3, General Commodities License or will obtain certification within three months of employment. Powerhouse will bear the costs of training and licensure. The National Futures Association (NFA) requires an individual to successfully complete the Series 3 in order to become qualified to trade commodity futures and options contracts.
Demands of the Job
Futures brokers have a unique opportunity to bring some degree of planning and control to clients. A broker must be able to react to events that are outside of his/her control that nonetheless impact clients’ businesses. A broker must also be able to work with clients who have changing business objectives. To successfully navigate this environment, a candidate will possess
• An attention to detail
• The ability to focus in chaotic environment
• The capacity to drive on-going and complex work tasks to completion
• Comfort on the phone with clients AND prospects (sometimes cold calls)
• An intellectual curiosity about movements in commodities and financial markets
• The desire to work closely with team members
Work Environment
Powerhouse is an active, highly interactive brokerage. Our employees sit in a common bullpen office environment allowing for the easy sharing of information and awareness of client trades and issues. As a result, we do not offer a remote work option. We do require employees to be vaccinated against COVID-19.
Compensation
The employee will be paid a regular salary and may expect bonus depending on the performance of the enterprise and their own effort. The Company offers health insurance and participates in paying for it. In addition to current compensation, Powerhouse offers a pension plan that a successful candidate will be eligible for on their first anniversary.
Powerhouse is a welcoming and supportive employer. Its principals have been with the group for many years.
This position description offers only the most general description of the job. It is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
Job Type: Full-time
Pay: $50,000.00 - $55,000.00 per year
Benefits:
• Dental insurance
• Health insurance
• Paid time off
• Relocation assistance
• Retirement plan
• Vision insurance
Schedule:
• Monday to Friday
Supplemental Pay:
• Bonus pay
COVID-19 considerations:
We are a small office of 4 people with limited face-to-face contact with people from outside the office. As a result, we require all employees to be vaccinated and boosted.
Education:
• Bachelor's (Required)
Work Location: One location
1 day ago
If you require alternative methods of application or screening, you must approach the employer directly to request this as Indeed is not responsible for the employer's application process.
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