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


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.


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


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)