You are viewing a preview of this job. Log in or register to view more details about this job.

Analyst, Commodities & Risk Management

POSITION PURPOSE: 
The purpose of this job is to be responsible to assist with the designing, developing, implementing, and maintaining 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: 
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 daily, weekly, and 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 and properly document research and findings
  • Analyze and support research results 
  • Formulate a recommendation based upon team’s analysis
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: 1-3 years of business, finance, or accounting experience or educational equivalent.  
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)