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Renewable Energy Group Senior Analyst, Commodities & Risk Management in Ames, Iowa

POSITION PURPOSE:

The purpose of this position is to be responsible for tracking and reporting of all commodities and hedging activities of REG. Serve in a consultancy role to the Operations Control Team, Procurement, Accounting and Sales Groups regarding hedging activities and the subsequent impact upon financial position and reporting requirements.

ESSENTIAL FUNCTIONS:

Risk Management:

  • Review, analyze and monitor REG’s positions (biodiesel-related, co-products, etc.) and risk management limits. If needed, recommend actions based on reported position levels

  • Assist with monitoring and reporting the Risk Management Policy

  • Work closely with Operations Control Team, Procurement, Sales and Accounting Teams to ensure compliance and proper execution of the overall risk management for REG

  • Research, define, and implement internal control policies and procedures that can be utilized for commodities purchasing and hedging activities

  • Enhance or further develop reporting tools to capture, organize and account for commodity hedge and derivative positions for GAAP reporting in accordance with ASC 815

  • Reconcile accounting system derivative position reports to third party broker statements and reconcile any differences

  • Develop and review financial models for commodity hedge positions relating to projections and gross margin analysis

  • Review the tracking and analysis of the commodity hedge transactions, including realized and unrealized gains and losses

  • Review and assist with electing and documenting hedge accounting relationships and reconciliations for normal purchase/normal sale items

  • Prepares and presents risk management reports to various departments/individuals within the company

Other Duties

  • Coordinate projects with external and internal auditors

  • Assist with report generation for Board of Directors and Risk Management Committee

  • Cross train in other Risk Management activities to provide task redundancy

  • Perform other duties as assigned

JOB QUALIFICATIONS:

Education Required: 4 year bachelor’s degree – Accounting, Finance, or related degree.

Experience Required: 2+ years of financial analysis and/or accounting experience, experience with commodity accounting management a plus.

Skills Required:

  • Advanced Excel skills (V-lookup, macros, etc.)

  • Strong verbal and written communication skills

  • Comprehensive math, algebraic and logic skills

  • Strong working knowledge of balance sheet and P&L accounts

  • Understanding of Generally Accepted Accounting Principles

  • Microsoft Office Suite (Excel, PowerPoint, Outlook)

Special skills or knowledge preferred:

  • JD Edwards/TriplePoint hedge accounting software experience

  • ASC 815 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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