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Trader, Procurement in Ames, IA at REG

Date Posted: 3/5/2019

Job Snapshot

  • Employee Type:
  • Location:
    Ames, IA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description


The purpose of this job is to be responsible for trading commodities, developing market opinions, managing inventories, and specifically managing product position in feedstock, chemicals, or co-products. This position is responsible for establishing and cultivating positive relationships with customers, suppliers, and plant personnel. 


Key Accountabilities:

Develop Market Opinion

  • Look at historical trends
  • Determine future opinion on markets
  • Act upon market opinion within limitations

Trade commodities:

  • Establish and maintain positive
    relationships with customers, suppliers, and plant personnel
  • Trade variety of inputs and outputs
  • Utilize freight and logistic advantages to improve overall profitability
  • Manage purchasing/sales position

Manage Inventories:

  • Make sure plants have adequate feedstock/chemical/co-product levels to operate plant
  • Project future needs of plant by working with plant management and supply chain 
  • Manage blend limitations with purchases

Other frequent duties: 

  • Work with developing and improving processes as well as developing new feedstocks and relationships
  • Consider REG’s risk management policy in all trades
  • Ensure all trades abide by appropriate specified guidelines
  • Provide support to other REG departments as necessary

Perform other duties as assigned


Education Required: 4 year bachelor’s degree –Finance, Economics, Agriculture Business or related business degree 

**5 years of trading experience may substitute for some education 

Experience Required: +3 years commodity trading or supply chain experience  

Skills Required:  

Advanced excel skills 

Extensive math and accounting skills 

Microsoft Office Suite
(Excel, PowerPoint, Outlook, Word) 

Strong verbal and written communication skills 

Special skills or knowledge preferred:

JD Edwards 

General market knowledge

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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