Commodity Analyst Job Description
Commodity analyst
provides ongoing internal auditing of hospital, retail (when needed) and contract pharmacies per MMC’s 340B drug program policies and procedures.
Commodity Analyst Duties & Responsibilities
To write an effective commodity analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included commodity analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Draft Commodities OTC derivatives trade confirmations, making sure that the terms and conditions listed in the trade confirmation matches the trade terms booked into the firm's risk system
Reconcile and settle OTC derivative Trades
Provide exceptional client service by building strong relationships with Traders, Sales, internal teams and clients
Demonstrate a strong focus on controls and operational risk management, escalate issues timely
Understand business climate to analyze forecasts, including trend, seasonality, scheduled order programs
Determines appropriate replenishment methodology (forecast, safety stock, MTO, ) to support SBU fill rate and inventory objectives
Incorporates accounting, tax and market factors where appropriate
Prepares accurate and timely financial reports for assigned business unit or department as appropriate to support reporting cycle or forecast and budget development
On a daily basis prepare daily cash payments/receipts via wire transfers, ACH payments, G/L accounting entries through sub ledger systems in a timely and accurate manner
Daily review of payment forecast report from Tax group to determine if counterparties are FATCA withholdable and action as required
Commodity Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Commodity Analyst
List any licenses or certifications required by the position: MBA, APICS, CPSM, BBA, ISM
Education for Commodity Analyst
Typically a job would require a certain level of education.
Employers hiring for the commodity analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Engineering, Accounting, Economics, Business, Education, Mathematics, Statistics, Financial Mathematics, Management
Skills for Commodity Analyst
Desired skills for commodity analyst include:
Excel
Access
Contract law
Functional concepts and a rudimentary understanding of policies and procedures
Government policies and regulations for the food and drug industry
Microsoft Project
Various aspects of retail math and accounting
Visio
Customers
Engineering and manufacturing processes
Desired experience for commodity analyst includes:
Basic understanding of financial risk calculations
Provide daily CAD/EUR position to Front Office to determine if FX hedging is required
Generate settlement report on a T+7 day from trading system (Openlink) to forecast and monitor upcoming settlements, process invoices and confirm with counterparties
For specific clients, prepare detailed reconciliation of system settlement data vs
Update and maintain queries and reports that pertain to settlement related activity in Openlink
Acquire a solid understanding of businesses and how the trades are recorded in Openlink
Commodity Analyst Examples
1
Commodity Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a commodity analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for commodity analyst
- Update journal postings in Sage 50 accounting application for all payables and receivables
- Complete Client and Supplier invoice reconciliation with Athena trading system
- Prepare deposits, cash payments to clients and update G/L accounting entries through Sage 50 in a timely and accurate manner
- Complete reconciliation between Accounts Receivable tracking sheet, Sage 50 and trading system to ensure no discrepancies
- Track outstanding receivables and send aging receivables to Credit Risk, Traders and Financial Control
- Provide month end reports and supporting documentation to Financial Control and address any resulting queries
- This role is responsible and accountable for the analysis, maintenance and interpretation of purchasing and usage data including but not limited to
- Collects and analyzes data, works with team members to resolve errors, explains changes and recommends actions to resolve problems
- Participates in team meetings and is prepared to provide information to ensure meetings are timely, efficient, and follow agenda
- Implement strategic sourcing practices for commodities and/or ingredients across Safeway retail, manufacturing, distribution and private label co-packing network
Qualifications for commodity analyst
- 5+ years of experience in a physical or financial trading environment
- This position is responsible for commodity, economic and quantitative research/ analysis to support the commodity strategy and risk management operations for Kraft Heinz
- Tracking commodity markets, and issuing reports related to changing fundamentals
- Analyzing & presenting fundamentals (supply/demand) and market data to forecast commodity prices
- Working to support procurement/risk management within different zones and business units to provide forward-prices to explain pricing actions and perform hedge strategy analysis
- Aiding in preparing materials for various procurement strategy meetings
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Commodity Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of commodity analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity analyst
- Maintain supply base for use in Global Quoting activities
- Maintain a list of suppliers and the commodities they provide products for in the quoting system
- Provide feedback to/and receives input from Commodity Quotes Manager (CQM), Global Commodity Manager (GCM), and Sectors and potential new suppliers to be included in quoting process
- Support all quoting, price analysis, and sourcing activities for GCM commodities and quoting activities for the Sectors parts where applicable
- Drive and attend quote kick-off meetings for all quotes
- Maintain knowledge of what information is required to obtain accurate quotes from the supply base and ensures that the required information is available
- Prepare quote packages and solicits quotes from the supply base
- Analyze for completeness and accuracy in quote responses
- Maintain records of which suppliers are consistent in providing quotes and related information
- Establish methods for analyzing the pricing received and price scrub to get the correct pricing from Supply base
Qualifications for commodity analyst
- Attention to detail, ability to work with detailed transactions and accurately control, report and communicate trading activity • Ability to perform in a deadline orientated environment
- Interpreting the bespoke pricing scripts used to represent complex and exotic trades to ensure they are correctly reflected in the trade booking systems
- Assisting in the development and testing of systems to improve handling and workflows for complex trades
- Provide support to other functions in the verification of less complex products
- Lead/Co-lead project implementation such as new project/reports developments that will help enhance current support
- Work with supply base for best possible pricing, lead-time, terms and conditions
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Commodity Analyst Job Description
Job Description Example
Our company is looking to fill the role of commodity analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity analyst
- Maintain log of quoting performance in terms of cycle time to administer quote and results of quote activities
- If required, available for special assignments or projects requiring someone with thorough knowledge of the systems, processes and procedures used by the Global Commodity Management team
- Provide assistance in the performance of various routine commodity management assignments
- Exercise working knowledge of materials and sources of supply to ensure effective sourcing of parts for Global Commodity Manager
- Adhere to all safety and health rules and regulations associated with this position and as directed
- Develop supply base for use in Global quoting activities
- Daily un-hedged inventory calculations by hedging group and product for the Supply Dept
- Research Commodities Markets
- Manage Commodity Research projects
- Analyze historical commodity markets data, cash and futures
Qualifications for commodity analyst
- 1 to 3 years in Purchasing in a high volume electronics manufacturing environment or equivalent combination of education and experience
- Advanced PC skills and analytical skills
- Ability to be flexible on a number of work assignment changes, and meet changing deadlines
- Update info
- Interpret and implement guidelines prescribed by the respective agencies
- Project management skills to ensure delivery of these critical reports by the appointed due dates
4
Commodity Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a commodity analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for commodity analyst
- Performing in-depth fundamental stock analysis to generate investible ideas and to provide buy/sell recommendations for our internally managed equity strategies
- Writing research reports and performing detailed financial modeling
- Participation in a collaborative research process
- Gain great opportunities to learn the business while working with a talented group of individuals
- Handle client enquiries
- Develop reporting and associated processes to provide decision making analytics in support of commodity areas
- Research of background information to enable effective negotiations with suppliers and, as required, participate in actual negotiations
- Provide data and thorough project recommendations to directors to support strategic decision-making
- Monitor, report, analyze and forecast key drivers (from a procurement perspective)
- Some data entry/administrative responsibilities in support of critical control areas
Qualifications for commodity analyst
- Bachelor’s degree in Materials Management, Business Administration, or an equivalent
- Project/Time management - demonstrate commitment to deadlines and analytical skills necessary to assure accuracy
- The successful candidate will possess the minimum of a Bachelor’s degree or equivalent experience
- This position may require occasional overtime and travel
- 1-3 years’ in Big 4 Public Accounting experience
- Coursework or work experience in using statistical analysis and econometrics
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Commodity Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of commodity analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for commodity analyst
- Perform, according to the established quality and service standards, all processing and checking functions assigned by Section Manager including system input and authorization, data and information verification, receiving and dispatching of documents, screening application for compliance with terms and conditions as per approved credit approval, proper approval for deviation and ad hoc excess, preparation of documents and answering enquiry from internal and external customers
- Supporting corporate access initiatives including investor field trips to China and key Commodity supply regions
- Manages the workflow and approval process to ensure that transaction deadlines are met
- Maintains sufficient and updated knowledge/understanding of the Bank’s credit approval process, lending delegation matrix, various credit / risk policies and all other related policies and guidelines
- Possesses adequate working knowledge of or have ability to adapt to the Bank’s internally developed models/tools relative to financial spreadsheets, risk ratings, recovery rates, and risk adjusted returns
- Monitors the evolution of a portfolio of assigned corporate borrowers by tracking announcement of results, reviewing covenant compliance reports, keeping abreast of important press releases and news articles, perusing rating agency and equity analyst reports and general awareness of market / industry information
- Prepares Watchlist reports and provides an update and assessment of its evolution on accounts that have been deemed by Management to present some concerns
- Assists Team members with account opening, security documentation and when needed, act as back up for handling transaction requests from clients
- Utilize various proprietary systems to settle the physical deliveries on behalf of the Clearing house and the Clearing Members for all Agricultural products
- Use proprietary eCOPS system to generate, receive, and setup cocoa and coffee samples for physical grading, including the roasting of green coffee beans for “cupping”
Qualifications for commodity analyst
- Deep knowledge of the physical commodities markets and the relationship between the physical and the futures markets
- Experience working with large data sets of structured and unstructured data
- Programming in one of the following (Matlab, R, STATA)
- An interest in how commodity research can impact investment decisions in equity and currency markets
- Quantitative PhD from a Top School
- Pursuing a Bachelors Degree in a quantitative field (Economics, Mathematics, Statistics, Finance, Accounting)