Commodities Manager - Mina, SD in Mina, South Dakota at Glacial Lakes Energy

Location: Mina, SD
Exempt/Salary

This 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

Glacial Lakes Energy is an Equal Opportunity Employer (EOE). Qualified applicants are considered for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, disability, veteran status or any other classification protected by law.