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SalaryAbout Us
Ardent Mills is the premier flour-milling and ingredient company whose vision is to be the trusted partner in nurturing its customers, consumers, and communities through innovative and nutritious grain-based solutions. Ardent Mills' operations and services are supported by more than 35 flour mills, a specialty bakery, gluten-free facilities, and the Emerging Nutrition, a dedicated team committed to cultivating the future of specialty grains and plant-based ingredients.
Deeply rooted in communities throughout North America, Ardent Mills’ operations are located in the U.S., Canada, and Puerto Rico. The company is headquartered in Denver, Colorado. Ardent Mills employs more than 100 certified millers and thousands of dedicated team members, supporting thousands of local jobs and contributing billions of dollars to local economies. We’re looking for dynamic, positive, and creative people with a team centric mindset to join our team.
The Role:
The Hedge Desk Associate will have a primary responsibility for executing futures and options trades to mitigate company’s daily exposure resulting from purchase & sale contracts, inventory fluctuations, and other bona-fide commercial activity. Responsibilities include, but are not limited to, daily trading/hedging of futures and options, interacting with various national exchanges and brokers, working closely with the Trading and Sales teams, managing long/short position for flour and grain activity, Hedge Desk grain/flour position reconciliation prior and after trading hours, daily hedge P&L reporting, compliance reporting, establishing and monitoring effective business/process controls, in-depth understanding of company’s hedging strategies and limits, supporting internal and external audits for the Risk Finance space, continuous improvement initiatives, and ad-hoc project work. This position will be a key role for the Risk Finance team. The position reports to the Sr. Manager Risk Finance and has direct accountability to Risk Team and Sales Team.
Key Accountabilities:
- Execute multitude of trading/hedging transactions electronically and over the phone during the trading hours resulting from sales/purchases of flour and grain.
- Occasionally, be available to enter electronic trades during the night trading session.
- Prior to market opening, reconcile the daily slate long/short position.
- After trading hours, reconcile top day trades and physical contract activity. Ensure all physical contracts are accurately entered into the ERP by the Trading and Sales teams.
- Collaborate with the Risk Team and Risk Finance regarding daily slate long/short commodity position analysis. Be able to explain variances and fluctuations in the slate position.
- Work with the Trading Team to execute inter-market spreads, inter-commodity spreads, futures rolls, EFPs, EFRs, etc.
- Support our Risk Control Group and Risk Finance around stress test and VaR reporting.
- Prepare daily Hedge P&L and bridge hedging slippages. Be accountable to protect the trading margin with minimum slippage resulting from futures hedging.
- Abide by company’s regulatory compliance in connection with Board established limits, company’s policies, and external regulatory framework.
- Complete other projects, tasks, and responsibilities as assigned.
- Demonstrate effective communication skills with key stakeholders, primarily the Grain Merchants/Traders and the Sales Team. Short. Concise. To the point.
- Operate with simplicity, clarity, and transparency while demonstrating understanding, respect, and care for others.
- Learn and apply new technology and share your knowledge with others.
- Occasional travel to HQ or other company’s offices may be necessary, depending on candidate’s place of residency.
Skills & Experience:
- Bachelor’s degree in business administration preferred, but not required.
- Must be comfortable handling and analyzing sizable data sets in tight time windows. Turn data into actionable information.
- Ability to work under pressure during trading hours. 8:30AM – 1:30PM Central Standard Time
- Detail oriented with the ability to accurately account and explain each trading leg.
- Some knowledge of ERPs and implementing process improvements is preferred.
- Designing, implementing, grasping, and monitoring internal controls and effective policies.
- Demonstrated capability to collaborate and execute cross functionally.
- Excellent communication (both written and verbal), presentation and influencing skills.
- Excellent analytical and organizational skills with impeccable attention to detail.
- Proficient computer skills including Microsoft Excel, Word, Access, PowerPoint, and Outlook.
- Possess a go-get attitude, lightheartedness, business owner mindset, and appreciation for daily intricacies of life and work.
Internal and External Stakeholders:
- Finance Team
- Risk Team (Grain Merchants)
- Sales Team
- Company’s vendors and customers
- Various market exchanges, brokers, clearing houses, IB, OTCs
- Internal & External Auditors
- IT Team
EEO Commitment
Ardent Mills is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
The preceding position description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this position. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees in this position. The description, duties, functions, and responsibilities are subject to change at the discretion of Ardent Mills.
Location:
Remote US Address:
1875 Lawrence Street, Denver CO, 80202 Additional Locations (if applicable):
Employment Type:
Full time Additional Information:
COMPETITIVE COMPENSATION: We provide market-driven base pay, based on skills, abilities, and level of experiences. Our salary ranges are broad, and individual salary will be market competitive based on a candidate’s unique set of skills and level of experience. The starting range for this position is $71,700.00 - $95,603.20, with additional earning potential possible commensurate with experience. Additionally, we believe that our team members are the reason for our success and all team members are incentive eligible with a target based on contribution, company performance, and individual results achieved. While the specific bonus plan and target amount will be determined based on the role and breadth of contributions, the targeted bonus plan and targeted percentage amount for this role is Bonus - MIP, 5% Annual. BENEFITS: At Ardent Mills we offer a wide range of benefits to our team members and their eligible family members. Some of our great benefit programs you may be eligible for include: • Medical, Dental and Vision Coverage• Health and Dependent Savings Accounts • Life and Disability Programs • Voluntary Benefit Programs • Company Sponsored Wellness Programs • Retirement Savings with Company Match • Team Member and Family Assistance Program (EAP) • Paid Time Off and Paid Holidays • Employee Recognition Program with Rewards (RAVE). EEO Commitment:
At Ardent Mills, everyone matters and everyone has a voice. We are committed to providing an environment of mutual respect where equal opportunities are available to all applicants and team members and the decisions will be based on merit, competence, performance, and business needs. We are proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, religion, creed, national origin, ancestry, marital status, sex, sexual orientation, gender identity or expression, physical or mental disability, pregnancy, genetic information, veteran status, age, political affiliation, or any other non-merit characteristic protected by law or not. Together, celebrating our differences, we make Ardent Mills.
The preceding position description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this position. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees in this position. The description, duties, functions, and responsibilities are subject to change at the discretion of Ardent Mills.
