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Analyst, Commodities & Risk Management in Ames, IA at REG

Date Posted: 1/19/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Ames, IA
  • Job Type:
  • Experience:
    2 to 5 years
  • Date Posted:
    1/19/2019

Job Description

POSITION PURPOSE:
The purpose of this job is to be responsible for and assist with design, develop, implement, and maintain a tracking and reporting system for all commodities and risk management activities for REG. This position is also responsible to serve in a consultancy and support role to the Operations Control Team, Procurement, and Sales group regarding risk management activities and the subsequent impact upon financial position and reporting requirements.

ESSENTIAL FUNCTIONS:
CONFIDENTIALITY: This position will have access to information that is confidential to the operations of the company. That information must be held in highest confidence and failure to do so will result in disciplinary action which may include termination of employment.

Key Accountabilities:

Risk Management Functions
• Analyze and monitor REG’s positions (biofuel and petroleum-related, co-products, etc.) and risk management limits
• Recommend actions to take based upon reported position levels as needed
• Assist with implementation, oversight, and reporting regarding the Risk Management Policy
• Work closely with the Operations Control Team, Procurement, Sales, and the Accounting teams to ensure compliance and proper execution of the overall risk management for REG

Research Function
• Research, define, and implement internal control policies and procedures that can be utilized for commodities purchasing, sales and risk management activities
• Enhance and further develop reporting tools that will capture, organize, and account for commodity hedge and derivative positions for GAAP reporting
• Develop and review financial models for commodity hedge positions relating to projections and gross margin analysis
• Track and analyze commodity hedge transactions, including realized and unrealized gains and losses

Report Generation
• Enter, track, and monitor hedge trading activities via supporting applications
• Provide monthly reports per business specific needs
• Facilitate the tracking, review, and distribution of sales and/or purchasing contract reports
• Assist with report generation for Board of Directors and Risk Management Committee

Business Project Support
• Conduct research and properly document
• Analyze and support research results
• Formulate a recommendation based upon team’s analysis

Pricing Duties
• Prepare and distribute customer pricing via pricing tools
• Track historical REG pricing along with other designated market prices
• Provide specific pricing to other departments as needed

Other frequent duties:
• Document hedge accounting and review reconciliations for normal purchase/normal sale items
• Coordinate projects with external auditors
• Special projects as assigned

Perform other duties as assigned

JOB QUALIFICATIONS:
Education Required: 4 year bachelor’s degree – Accounting, Finance, or related degree
**FAS 133 expertise a plus
Experience Required: 2-5 years process management experience
**2 years of experience with commodity accountant management preferred
Skills Required:
Advanced Excel skills (VLOOKUP, Macros)
Strong verbal and written communication skills
Extensive math, algebraic, logic, and accounting skills
Microsoft Office Suite (Excel, PowerPoint, Outlook)
Excellent presentation, analytical, and problem-solving/trouble-shooting skills
Special skills or knowledge preferred:
JD Edwards
Database systems
Enterprise Resource Planning (ERP system)

REG is committed to creating a diverse environment and is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, gender identity or expression, sexual orientation, national origin, disability, or veteran status.

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