Commodity Hedging Specialist

Company: Dairy Farmers of America
Location: Kansas City
Posted on: May 28, 2023

Job Description:

At Dairy Farmers of America, you approach work each day knowing that you are making a difference by helping dairy farm families. As a Commodity Hedging Specialist, your goal will be to help dairy farmers, processors and customers utilize risk management tools to achieve financial stability, as a part of the DFA Risk Management team. By helping them manage their price risk, you're creating opportunities for dairy farmers across the U.S. to achieve their families' goals. -You will build meaningful relationships within our team and across DFA, gain experience and knowledge in a rapidly growing industry, and take on significant responsibilities from day one in a supportive, collaborative environment. As the largest global dairy cooperative, DFA impacts people at every point of the supply chain, from farmers to consumers. The breadth and scope of DFA's operations are significant, and the opportunities for growth and development within DFA are substantial. -DFA offers a flexible work environment offering a blended remote and in-office schedule. - We are industry leaders in fostering a strong sense of diversity, equity, and inclusion among our team members. -You will be able to work from home for the specified dates of employment. As needed, occasional days in the office could be required. -Job Duties and Responsibilities:Gain an expertise in commodity hedging practicesExecute customer and internal contracting and hedging orders and supporting hedges for farmer-owners' forward contracts by hedging in futures and options, with customer or internal counterparties and swap counterparties.Executing and recording verbal & electronic transactions of futures/options at the CME or via third party swaps to hedge our forward contracting transactions', internal plants', and divisions' bona fide riskPerforming reconciliation and audit functionsMaintaining CME & DFA positions daily across multiple commoditiesTracking and managing working orders execution Assisting with the maintenance of accounts and databases, including but not limited to TriplePoint, QST, QST Quotes Calculator, Futures Files, CME DirectMaintain existing and develop new dashboards in Power BI to better communicate relevant information to decision makersContribute to continual improvement of DFA Risk Management programs and servicesDevelop an appreciation and understanding of DFA's business, programs, services, and philosophyContinue education and increase knowledge of dairy business and pricing, commodity risk management markets, tools, and programsComplete a quarterly review of Dairy Farmers of America, Inc. Commodities Compliance ManualAssisting with other DFA Risk Management functions as needed (invoices, vouchers, margining responsibilities, etc.)The requirements herein are intended to describe the general nature and level of work performed by employee, but is not a complete list of responsibilities, duties, and skills required. Other duties may be assigned as required.

Keywords: Dairy Farmers of America, Kansas City , Commodity Hedging Specialist, Accounting, Auditing , Kansas City, Kansas