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Mars

Commodity Risk & Financial Analyst

Salary:  $71,200 – $97,900 per annum
Location:  USA-Illinois-Chicago | United States of America
Location flexibility:  1 office day / week, 2 office days / week, 3 office days / week, 4 office days / week
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Job Description

Job Description:

Key Responsibilities

Commodity Risk Management, Valuation & Reporting

  • Execute daily commodity risk management processes, including trade validation, trade reconciliation, exposure monitoring, and risk reporting across multiple commodities and regions.
  • Generate and maintain commodity exposure, hedge coverage, net open position, and market risk reports for business and leadership stakeholders.
  • Maintain and validate commodity forecast, pricing, position, and market data to ensure integrity and consistency across systems and reports.
  • Partner with Commodity Price Risk Managers to evaluate hedge structures, coverage strategies, and potential financial impacts of commodity market movements.
  • Support liquidity forecasting and reporting related to commodity hedging activities, including cash settlement requirements, margin obligations, and derivative-related cash flows.

Financial Analysis, P&L Attribution & Business Insights

  • Develop and maintain financial models, dashboards, and reporting tools to quantify commodity exposures, hedging performance, market risks, and business impacts across the global Mars Snacking portfolio.
  • Deliver P&L attribution and cause-of-change analysis, identifying key drivers of financial performance including commodity price movements, basis changes, hedge impacts, timing effects, and market structure shifts.
  • Conduct scenario analysis, sensitivity modeling, and risk and opportunity assessments to evaluate financial impacts and support strategic decision-making.
  • Support budgeting, forecasting, and business performance reviews by translating commodity market dynamics and hedging activities into clear financial outcomes.
  • Prepare executive-ready reporting and insights that communicate commodity exposures, financial impacts, risks, opportunities, and mitigation strategies.

Hedge Accounting, Financial Controls & Governance

  • Support hedge accounting programs through documentation, monitoring, and testing of designated hedging relationships in partnership with Treasury and Technical Accounting teams.
  • Perform prospective and retrospective hedge effectiveness testing to ensure compliance with applicable accounting standards and maximize hedge accounting effectiveness.
  • Maintain a strong control environment around commodity transactions, trade validation, market data governance, curve management, and financial reporting processes.
  • Support internal and external audits by providing valuation support, reconciliation documentation, control evidence, and commodity risk reporting.
  • Ensure compliance with commodity risk management policies, financial controls, and governance requirements.

Systems, Data Management & Process Improvement

  • Serve as a key user and business owner for commodity risk management and CTRM systems, supporting system integrity, process controls, master data governance, and end-user adoption.
  • Reconcile data across CTRM platforms, broker statements, ERP systems, market data providers, and financial reporting systems.
  • Develop and enhance reporting and analytical solutions using Excel, VBA, SQL, Python, Power BI, Tableau, and other technology platforms.
  • Identify automation opportunities and drive continuous improvement initiatives that enhance efficiency, reporting accuracy, transparency, and controls.
  • Support implementation, testing, and ongoing enhancement of commodity risk management systems and technology platforms.

Planning & Cross-Functional Collaboration

  • Partner closely with Treasury, Technical Accounting, Finance, Procurement, S&OP, Commercial Finance, and Commodity Price Risk Managers to support commodity risk management objectives.
  • Support demand forecast validation and volume planning processes that underpin commodity exposure and hedge management activities.
  • Support budgeting, forecast updates, cause-of-change reporting, and business performance reviews in collaboration with Finance Business Partners.
  • Provide analytical support for business planning, sourcing decisions, commodity strategy development, and financial performance management.
  • Build strong relationships across Treasury, Procurement, Planning, Manufacturing, Commercial, and Finance teams, providing insights and executive-ready reporting to support business decisions.

Required Experience & Qualifications

  • Bachelor's degree in Finance, Accounting, Economics, Financial Engineering, Supply Chain, Business, Mathematics, Engineering, or a related analytical field.
  • Strong understanding of global commodity markets, trading, hedging, valuation methodologies, and risk management principles.
  • Experience supporting commodity risk management, treasury, commodity trading, market risk, financial planning, product control, or commodity finance organizations.
  • Experience developing financial models that combine commodity pricing, sourcing assumptions, exposure forecasts, hedge results, and business drivers to assess P&L impacts.
  • Experience with commodity exposure reporting, Mark-to-Market valuation, trade reconciliation, hedge effectiveness testing, financial controls, and P&L attribution analysis.
  • Advanced analytical and quantitative skills with the ability to interpret complex datasets and deliver actionable insights.
  • Advanced proficiency in Microsoft Excel and experience with SQL, Python, VBA, Power BI, Tableau, or similar analytical and reporting tools.
  • Experience with CTRM systems, ERP platforms, financial reporting systems, and market data providers preferred.
  • Demonstrated ability to perform data validation, reconciliation, valuation, financial analysis, and reporting in a fast-paced environment.
  • Strong attention to detail and commitment to data accuracy.
  • Excellent critical thinking, problem-solving, and decision-making capabilities.
  • Proactive mindset with a willingness to challenge discrepancies, improve processes, and recommend solutions.
  • Strong communication and stakeholder management skills with the ability to work effectively across global, cross-functional teams.
  • Demonstrated success operating within complex matrix organizations and collaborating with diverse internal and external stakeholders.

Preferred Qualifications

  • Experience supporting commodity trading, procurement, treasury, risk management, hedge accounting, or commodity finance organizations.
  • Knowledge of futures, options, swaps, OTC instruments, and hedge accounting methodologies.
  • Experience with independent price verification (IPV), P&L attribution, hedge effectiveness testing, and financial controls.
  • Experience working with CTRM systems, data warehouses, ERP systems, and business intelligence platforms.
  • Exposure to agricultural, dairy, energy, packaging, or other globally traded commodity markets.
  • Professional certifications such as CFA, FRM, CPA, or equivalent are considered a plus.

What can you expect from Mars? Work with diverse and talented Associates, all guided by the Five Principles. Join a purpose driven company, where we’re striving to build the world we want tomorrow, today. A strong focus on learning and development support from day one, including access to our in-house Mars University. An industry competitive salary and benefits package, including company bonus.

#LI-JH1

#LI-Onsite

The base pay range for this position at commencement of employment is between the range listed below, however, base pay offered may vary depending on multiple individualized factors, including but not limited to job-related knowledge, skills, and experience. The total compensation package for this position will include variable pay, medical and dental benefits, participation in 401k plan, and paid time off benefits. Details of participation in these benefit plans will be provided if an applicant receives an offer of employment.

The pay range shown is applicable to all US locations listed within the job posting:USD 71,200.00 - USD 97,900.00

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4,000 In the UK

Gender diversity (m:f):

57:43

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