Merchandiser Assistant

GENERAL SCOPE OF WORK

Work closely with Agrex team members and customers in commodity based daily trading activities. Responsible for trading position, developing and supporting relationships with suppliers and end users, maximizing profit for Agrex and adhering to strict business ethics and company policies. Communication with management and understanding strategy while working on implementation throughout trading group. Responsible for daily position limit monitoring and reporting. Assist with execution and trading communication between groups.

RESPONSIBILITIES LISTED BELOW:

• Assist General and Assistant General Manager in daily tasks.
• Work closely with management and monitor Daily Position Report (DPR) as well as overall positions and strategy.
• Communicate and coordinate process and procedures in place for traders and execution staff. (Paper flow from initial contract to final settlement)
• Work closely with other offices to find synergies and trading opportunities.
• Originate commodities from Country Elevators and Company owned facilities.
• Solicit new business and maintain existing business.
• Manage customer and supplier relationships.
• Merchandise commodities by both Truck and Rail.
• Learn and understand rail rates and programs.
• Read and understand trade rules and regulations.
• Review credit limits and policies to maintain compliance at all times.
• Complete execution records as needed to assist in making grain settlement in a timely manner.
• Report accurate and timely grain positions and review reports daily and monthly.
• Keep knowledgeable in commodity market intelligence and current supply and demand.
• Trade commodities within company position limits and within trading guidelines.
• Understand Futures, basis, spreads along with using and understanding risk management skills.
• Protect company inventories and grain contracted positions by being properly hedged.
• Report to supervisor immediately any breach of position limits, credit, regulatory, or company rules or regulations.
• Keep informed of markets traded and review new opportunities to grow the company market share.
• Communicate with other Agrex and Mitsubishi personnel to inform and review market conditions and opportunities by phone or email.
• Keep current on required company education and regulatory materials.
• Travel is required as directed, for company functions, training and client visits.

KNOWLEDE REQUIRED FOR POSITION:

Position requires in depth knowledge of the grain trading industry, hedging, marketing, logistics and risk management. Computer experience in Word, Excel, and Powerpoint are required. Candidate must have good communication skills to work with people internally and externally.

• Ability to organize work, set priorities, and make productive use of time in a fast paced, stressful environment is required.
• Flexibility to make and accept change in a fast-paced environment.
• Ability to follow direction, rules and policy.
• Must possess excellent communication and team building skills.
• Minimum of 1 year prior experience in grain trading industry.

Education-

• A 4-year degree in Agriculture, Business, or related field is preferred.

PHYSICAL ASPECTS OF POSITION:

· Prolonged periods sitting at a desk and working on a computer.

· Must be able to lift up to 15 pounds at times.

· Must be able to navigate various departments of the organization’s physical premises.

· Travel will be required.

Note: Job descriptions are subject to change as directed by management and may vary by location.

Job Type: Full-time

Benefits:

• 401(k) matching
• Employee assistance program
• Flexible spending account
• Health savings account
• Life insurance
• Mileage reimbursement
• On-the-job training
• Opportunities for advancement
• Parental leave
• Professional development assistance
• Referral program
• Tuition reimbursement

Schedule:

• 8 hour shift

License/Certification:

• Driver's License (Preferred)

Ability to Commute:

• Minnetonka, MN 55305 (Required)

Ability to Relocate:

• Minnetonka, MN 55305: Relocate before starting work (Required)

Willingness to travel:

• 25% (Preferred)

Work Location: In person