Commodity Position Manager (Job ID:WAY07169)

Employer Name Cargill   Address 00000
Job Type   Address 2
Experience   City Wayzata
Education   State Minnesota
  Zip Code 55391

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Job Description

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**Commodity Position Manager**

Cargill provides food, agriculture, financial and industrial products and services to the world\. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience\. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work\.


The Commodity Position Manager is responsible for the leadership and execution of position reporting and trading profitability analysis for the Cargill Starches, Sweeteners, and Texturizers in North America \(CSSTNA\)\. CSSTNA is in the process of implementing SAP TC2 and this role will be instrumental in leading the Financial Risk Management \(FRM\) team through a successful design, implementation, and stabilization of the ERP\. This implementation will occur in phases over the next 2 to 3 years\. The FRM team will need to develop interim processes while managing multiple systems to ensure accuracy of the position and PandL throughout this implementation\. This is a project role with an expected duration of 4 to 5 years as CSSTNA goes through implementation and stabilization of the SAP TC2 application\.

This role oversees the identification and capture of commodity risks in the position, manages the daily and monthly mark\-to\-market/PandL reporting processes, and partners with traders, merchants and commercial leads to clarify roles for commodity risk policy compliance\. This position works closely with the Risk Management Group to understand commodity risk requirements and ensure complete and accurate commodity position reporting\. This position oversees the reconciliation to the trader estimate, validates prices used in inventory valuation, and ensures commodity risks are accurately presented in the financial statements\. This role requires highly effective talent management and change leadership skills to build and develop a high\-performing team that is business and market focused and process aligned\.

**Principal Accountabilities**

**40% Lead and Develop Talent**

* Inspire a shared sense of purpose and direction with excitement for the future to motivate and energize others\.

* Lead talent development, work/resource organization/planning, performance management, succession planning, engagement, selection, and onboarding of the CSSTNA analyst team\.

* Coach and mentor employees for development\.

* Empower team to initiate change, leverage diversity, promote recognition, engage employees and drive for results\.

* Create a culture of intellectual curiosity and continuous learning to meet individual development goals\.

* Determine resource needs throughout the implementation and stabilization of SAP TC2\.

**30% Ensure Accurate and Timely Commodity Risk and Trading PandL Reporting**

* Ensure well\-controlled and accurate commodity position data, process, and reporting for the CSSTNA commodities before implementation, through implementation with interim manual processes, and post implementation into stabilization\.

* Work with the SAP project team and business leadership on system design decisions\.

* Engage with trading and commercial leads to clarify risks and escalate risk exposures in the position\.

* Clarify trading, commercial, and FRM responsibilities to ensure compliance with corporate commodity risk reporting policies\.

* Develop and deliver a daily mark\-to\-market/PandL reporting process during the phased implementation and into stabilization\.

* Ensure timely and accurate monthly mark\-to\-market/PandL reporting, validating market prices used for valuations and ensuring commodity risks are accurately presented in the financial statements\.

* Develop and deliver a process to reconcile the accounting PandL to the trader estimate post implementation\.

* Oversee the administration activities for futures and options, including broker reconciliations, confirmation, commissions and margins for commodities not traded through the hedge room\.

**30% Optimize Processes and Champion Continuous Improvement**

* Work across the FIBI FRM organization to align commodity position and trading PandL reporting processes in the SAP solution\.

* Perform Business Readiness activities partnering with other AandF domains and commercial teams to ensure business processes are in place prior to implementation\.

* Partner with the Process Improvement and Controls AandF domains to design and implement controlled business processes\.

* Partner with the Commodity and Derivative Risk Lead and Analyst for effective commodity and derivative operational processes\.

* Communicate process and reporting changes for effective stakeholder engagement\.

* Identify and implement process simplification, standardization and automation in commodity position and trading PandL reporting activities to improve accuracy and efficiency\.

* Participate in business stabilization initiatives related to the deployment of the SAP TC2 instance\.


**Required Qualifications**

* Bachelor?s Degree; preferred in Accounting or Finance\.

* Proven ability to identify and assess risk\.

* Demonstrated change agility and change management skills\.

* Highly effective people leadership skills which motivates for high performance\.

* Demonstrated ability to create a team culture of continuous improvement, process optimization, and intellectual curiosity \.

* Ability to communicate, influence and build trust with stakeholders \.

* Proven leader with strong problem solving and analytical skills\.

* Demonstrated flexibility and ability to deal with ambiguity\.

* Proven ability to partner and engage with functions and centers of expertise\.

**Preferred Qualifications**

* 7 years of accounting or finance experience in leadership and business partnering positions, including minimum of 2 years commodity or financial trading business experience\.

* Risk management framework application\.

* Understanding and experience in SAP\.

Equal Opportunity Employer, including Disability/Vet\.

**Job** Finance/Accounting

**Primary Location** US\-MN\-Wayzata

**Schedule** Full\-time

**Job Type** Temporary Work

**Shift** Day Job

**Req ID:** WAY07169

Required Skills

Description of Benefits: Salary / Commissions / Bonuses / Other