Competitive base salary with a generous commission structure! Benefits: Medical, dental, vision ... Cultivate deep-rooted relationships with procurement, engineering, and commodity managers to ensure ...
Competitive base salary with a generous commission structure! Benefits: Medical, dental, vision ... Cultivate deep-rooted relationships with procurement, engineering, and commodity managers to ensure ...
Competitive base salary with a generous commission structure! Benefits: Medical, dental, vision ... commodity managers to ensure G.A. Richards Group remains the "first call" for both new programs and ...
Competitive base salary with a generous commission structure! Benefits: Medical, dental, vision ... commodity managers to ensure G.A. Richards Group remains the "first call" for both new programs and ...
Commission Commodity Trading information
How much do commission commodity traders make?
Commission commodity traders typically earn a base salary plus commissions based on trading volume and performance. Their total income can range from $50,000 to over $200,000 annually, depending on experience, market conditions, and the firm they work for. Success in this role often requires strong analytical skills and knowledge of trading platforms.
What is commission commodity trading?
Commission commodity trading involves buying and selling commodities such as agricultural products, metals, or energy resources on behalf of clients, for which a broker or trader earns a commission. In this role, traders execute orders on commodity exchanges and provide market advice, but do not take ownership of the commodities themselves. The commission is typically a percentage of the transaction value or a flat fee per trade. This type of trading helps producers and buyers manage price risk and gain access to global markets. Successful commission commodity traders require strong analytical skills, market knowledge, and regulatory compliance.
What are the key skills and qualifications needed to thrive as a commission commodity trader?
To thrive as a Commission Commodity Trader, you need strong analytical abilities, financial acumen, and a solid understanding of commodity markets, usually backed by a degree in finance, economics, or a related field. Proficiency with trading platforms (such as CME Direct or ICE), charting software, and risk management tools, along with relevant certifications like Series 3, are typically required. Excellent negotiation, decision-making, and stress management skills help traders stand out in high-pressure, fast-paced environments. These skills are crucial for making informed trades, managing risk, and building strong client relationships for long-term success.
What are some common challenges faced by professionals in commission commodity trading, and how can they be addressed?
Commission commodity traders often face challenges such as market volatility, intense competition, and the need to stay updated with global economic trends. Navigating frequent price fluctuations and rapidly changing market conditions requires strong analytical skills and quick decision-making. Building and maintaining strong client relationships is crucial, as is ensuring compliance with regulatory requirements. Successful traders stay proactive by continuously learning, leveraging technology, and collaborating closely with research analysts and risk management teams.
Does commission commodity trading pay well?
Commission commodity trading can be financially rewarding, especially for experienced traders with strong market knowledge and risk management skills. Earnings often depend on trading volume, commissions, and performance, with successful traders potentially earning significant income, but it also involves high risk and variability. Compensation structures may include base pay, commissions, and bonuses based on trading results.
What is the difference between Commission Commodity Trading vs Commodity Broker?
| Aspect | Commission Commodity Trading | Commodity Broker |
|---|---|---|
| Credentials | Typically requires licensing (e.g., Series 3), knowledge of commodities markets | Requires similar licenses, industry knowledge, and sales skills |
| Work Environment | Trading firms, financial institutions, commodities exchanges | Brokerage firms, trading floors, client offices |
| Role Focus | Executing trades on behalf of clients, earning commissions | Advising clients, executing trades, earning commissions |
Both roles involve earning commissions through trading activities and require similar licensing and industry knowledge. The main difference is that a Commission Commodity Trader often refers to the individual executing trades within a firm, while a Commodity Broker emphasizes client advisory and trade execution services. Understanding these distinctions helps job seekers identify the right career path in commodities trading.
What are the most commonly searched types of Commodity Trading jobs in Michigan?
The most popular types of Commodity Trading jobs in Michigan are:
What are popular job titles related to Commission Commodity Trading jobs in Michigan?
For Commission Commodity Trading jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Commission Commodity Trading jobs in Michigan look for?
The top searched job categories for Commission Commodity Trading jobs in Michigan are:
What cities in Michigan are hiring for Commission Commodity Trading jobs?
Cities in Michigan with the most Commission Commodity Trading job openings:
Full-time
Medical, Dental, Vision, PTO
Re-posted 27 days ago
G.A. Richards Group rating
3.1
Based on 7 frontline employees who took The Breakroom Quiz
Job description
Description
Pay: Competitive base salary with a generous commission structure!
Benefits: Medical, dental, vision, and PTO after 30 days!
Summary: Spearhead growth across the Midwest and global markets. Serve as the bridge between engineering excellence and the needs of OEMs, Tier 1 suppliers, and other diverse manufacturing sectors.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Identify and capture new business opportunities within OEM and Tier 1 ecosystems.
Act as the dedicated lead for existing accounts, identifying "land and expand" opportunities to increase wallet share through additional product lines or service offerings.
Collaborate with internal engineering teams to review RFQs and provide "Design for Manufacturability" (DFM) feedback, ensuring projects align with machine capabilities from award through production.
Cultivate deep-rooted relationships with procurement, engineering, and commodity managers to ensure G.A. Richards Group remains the "first call" for both new programs and current production issues.
Lead long-term agreement (LTA) negotiations and annual price reviews, ensuring favorable terms while navigating fluctuating raw materials markets.
Serve as the internal voice of the customer to ensure quality, delivery, and engineering support meet or exceed customer-specific requirements.
Maintain a high-touch presence through a minimum of 30% travel to visit customer sites and industry trade shows, with frequency varying week-to-week based on project demands.
Requirements
Education and/or Experience:
5-10 years of outside sales or business development experience in manufacturing sectors
Bachelor's degree in Business, Engineering, or a related technical field is preferred
Proven experience with various manufacturing processes
Strong familiarity with APQP, and the PPAP process.
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