Commodities ManagerLocation: Mina, SD
Exempt/SalaryPosition SummaryThis position manages the procurement of corn for the facility. He or she is an integral part of the GLE Commodities Team and participates in a variety of risk and margin management roles. The successful candidate will be an excellent communicator at many levels who enjoys a team environment. Employment for this position is conditioned upon successfully passing certain per-employment requirements.
Essential Job Functions- Manage corn procurement for the facility, managing basis and physical risk
- Be an active participant in both Internal and Board Risk Management Committee meetings
- Maintain overall location commodity flat price position using appropriate futures hedging
- Manage corn inventory, working with operations personnel
- Communicate market conditions, changes and trends to Commodity Team members
- Actively and appropriately manage direct reports
- Purchase corn from producers and elevators. Creatively grow producer share
- Oversee all aspects of contractual agreements, including confirmations and execution
- Be responsible for timely and accurate settlements
- Remain familiar with local and regional corn markets at all times
- Manage corn futures spread position
- Understand and be able to offer various contracting tools established by GLE (basis, minimum price, deferred price, flat price, HTA etc.).
- Understand USDA programs pertaining to grain producing farmers
- Focus on continuous improvement in all aspects of the job
- Actively promote GLE's vision, mission, and values with team members, outside vendors, and customers
- Be depended on to report to work at the scheduled time and is seldom absent from work
- Be depended upon to complete work in a timely, accurate and thorough manner
- Maintain high level of customer service
- Other duties as assigned
Education/Experience- Bachelor's degree or extensive applicable experience is required
- Five years of commodity merchandising experience is required, ten years preferred
- A minimum of three years in a supervisory position
- Experience with Agris is desired
- Experience in a grain processing environment is preferred
- Proven customer services skills are required
- Must be familiar with Microsoft Word and Excel
- Must be able to communicate clearly in English, both in writing and verbally
