Jaime Benes
Commodity Trading Analytics & Risk · Physical Softs — Positions, Hedging & Pricing
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About
Commodity professional with a market seat: 4+ years managing ~€150M (≈32,000 t) of annual physical green-coffee exposure inside a €200M+ industrial business — positions, hedging and inventory priced against ICE Arabica and Robusta references, physical differentials and EUR/USD — turning market moves into P&L and P&L into purchasing and coverage decisions. Day-to-day across pricing construction, contract execution, hedging support and coverage steering in a volatile softs market. Python for quantitative analysis (backtesting & validation), advanced Excel, Power BI.
Two prior years advising on funds and portfolios at Kutxabank.
Native
Spanish, C1 English.
Experience
Green Coffee Controller — Positions, Hedging & P&L - UCC Coffee Spain (UCC Group) - Logroño, Spain
(2023-08)
- Manage ~€150M (≈32,000 t) of green-coffee exposure; quantify the P&L impact of hedging and inventory positions — €4M+ identified for 2025–2026 — and drive mitigation with Procurement and leadership.
- Steer physical coverage between 20–50 days of cover, balancing price view, supply security and working capital.
- Produce price and market estimates referenced to ICE Arabica and Robusta, physical differentials and EUR/USD, using ICE certified stocks and market positioning to inform coverage, pricing and purchasing views.
- Own pricing and margin analysis across key B2B clients, surfacing and influencing actions worth €1M+ per year.
- Lead P&L forecasting and reforecasting for a €200M+ business, with monthly performance commentary and gap analysis for senior management.
- Build the Excel and Power BI models and dashboards behind position, pricing and margin decisions; cost / volume / mix variance analysis.
Green Coffee Specialist — Forecasting, Pricing & Hedging Support - UCC Coffee Spain - Logroño, Spain
(2022-09 - 2023-07)
- Supported pricing construction, contract execution and hedging / risk-management processes in a commodity-driven environment.
- Coordinated physical raw-material supply across planning, procurement and operations.
- Ran 12-month rolling forecasts across 50+ SKUs, keeping deviations consistently below 10% and feeding coverage and purchasing decisions.
Financial Advisor — Markets & Portfolios - Kutxabank - Santurce (Vizcaya), Spain
(2020-09 - 2022-09)
- Advised clients on funds, portfolios, pension plans and lending; managed portfolios and branch performance — building markets, risk and product literacy.
Education
MSc - Complex Problem Solving - International University of La Rioja (UNIR) (2023)
Double Degree - Business Administration + Law - Deusto Business School (DBS), Bilbao (2015 - 2020)