Financial Analyst

Bay State Milling Company•Saint Louis Park, MN

36d•Hybrid

About The Position

The Commodity Financial Analyst position is an integral team member of the Core Wheat Milling business unit finance team that supports the Supply Chain business segment. The position reports to the Supply Chain Finance Manager and will interact with multiple levels of the organization spanning sales, supply chain, corporate shared services, manufacturing locations and senior management. This positions will work alongside a small team consisting of grain trading assistants and grain settlement personnel in combination of risk management personnel supporting central hedge responsibilities. This position will also support the month-end closing processes. The position requires developed analytical skill sets, ability to analyze and reconcile data, and fulfill the required responsibilities. This position will reside in our Minneapolis, MN office providing a flexible work arrangement combination of at home and in office work environments.

Requirements

Bachelor’s degree in Accounting, Finance, Economics or Business, and/or equivalent job experience.
Four to six years of experience in commodity trading and/or agricultural processing (e.g. milling, crushing, or refining) or other commodity processing is strongly desired.
Experience with Microsoft Office applications is required.
General understanding of commodity pricing, position tracking, mark-to-market accounting, and variance analysis related to raw materials and finished goods tied directly to traded and flat price commodities.
Ability to build trust-based relationships, demonstrate strong interpersonal communication skills, and collaborate with senior, junior and peer colleagues across organizational boundaries to optimize the achievement of the business unit objectives
Excellent verbal and written communication skills
Highest standards of accuracy, organization, and precision
Unquestionable integrity and personal ethics
Ability to work effectively in a team environment
Partner and provide thought leadership with the Supply Chain team leadership
Self-motivated individual with the ability to problem solve and work independently with a minimum level of supervision

Nice To Haves

Experience with Microsoft AX or Great Plains or similar ERP solutions a strong plus.

Responsibilities

Daily central hedge task management with proper reconciliation and representation of the grain, flour, and co-product risk positions.
End of day trading closing processes and procedures.
Management of flour sales component contract pricing and reporting.
Monthly and daily oversight of grain exchange broker statement confirmations and reconciliations. Balance sheet equities and central hedge equities represented accurately.
Supports understanding and conducts product profitability, product formulation profitability, grain usage cost variances and least cost computations.
Assist with month end management of commodity contract mark-to-market equity calculations and general ledger postings.
Conduct analysis and metric reporting supporting gain origination profitability
Department process and practices assessments. Seeking continuous improvement with data automation eliminating waste in process inefficiencies.
Assist and support external auditors as part of the annual audit.
Ensure standard company controls and compliance adherence.
Create ad hoc reporting and analysis as needed.
Other duties as assigned