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Accounting and Finance Associate (Rotational Program)

Location Inver Grove Heights, Minnesota Date posted 10/16/2021
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CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world.  We serve agriculture customers and consumers across the United States and around the world.  Most of our 10,000 employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.

Summary

At CHS our people and their innovative spirit bring our vision to life each day by linking essential resources to producers and consumers. Each of our employees brings unique talents and skills to our orgnaization.  Their vision and collaboration enables us to meet the changing needs of our customers around the world.  

As an Accounting and Finance Associate in the Finance Development Program, you will work with farmers, merchandisers, export documentation, corporate accounting, external audit, internal audit and various finance staff in CHS divisions.  You must have excellent communication skills, both verbal and written, analytical skills, problem solving skills, a strong desire to succeed, and the ability to build strong relationships. 

The 24-month Finance Development Program provides an opportunity for you to grow professionally.  You will gain knowledge and experience through on-the-job training in four six-month rotations in Grain Accounting, Grain Marketing Financial Reporting, Country Operations Financial Reporting, and Corporate Internal Audit. 

Responsibilities

Grain Accounting: Accounting Specialist Functions (3 months)

  • Develop a basic understanding of grain-related contract terms
  • Application and Settlement of loads to contracts: Generate A/P and A/R, multiple modes of transportation and settlement type.
  • Perform advance payment and invoicing 
  • Vendor/Customer and General Ledger account management and reconciliation 
  • Perform General Ledger account reconciliation 
  • Customer service: Assist customers with questions 

Grain Accounting: Accounting/Risk Analyst functions (3 months) 

  • Daily long/short position reconciliation 
  • Complete market-to-market valuations / P&L

Grain Marketing Financial Reporting (6 months)

  • Perform monthly reconciliations of balance sheet accounts
  • Review Mark to Market files 
  • Analyze Traders P&L for accuracy 
  • Prepare financial statements
  • Set-up demurrage, dispatch and other costs on vessels
  • Inventory reconciliations 
  • Perform bushel balancing reconciliation 
  • Perform hedge journal entries and reconciliations 
  • Perform financing review, journal entries and reconciliations 
  • Perform terminal advances 

Country Operations Financial Reporting (6 months)

  • Process monthly journal entries for accruals at Country Operation locations 
  • Review and analyze the balance sheet, income statement and operating expenses for any varainces 
  • Review balance sheet support so that it is in conformity to SOX and Country Operations policies
  • Provide support for controllers on SAP, Agris and Country Operations policies and procedures
  • Provide review of financial statements and assist with in house statements and discussions between the general managers and bookkeepers 
  • Compile accurate monthly financial satement for non-controller Country Operations location 
  • Assist controllers with running SAP and BI reports 

Internal Audit (6 months)

  • Build effective partnerships with business unit leaders and audit teammembers in a manner that delivers impact, value and influences positive change
  • Obtain reliable, relevant and sufficient data that is reviewed with professional skepticism. 
  • Perform annual SOX testing and report deficiencies to management
  • Ensure audit work papers are a true reflection of all activities performed during the audit engagement 
  • Develop accurate conclusions based on test work performed
  • Document test script activities, findings, recommendations and management action plans, based on root cause analysis and impact to the organization
  • Select and use a variety of manual and automated tools and techniques to obtain and analyze data for each audit engagement
  • Discuss audit findings and their impacts professionally and confidentially 
  • Perform follow up testing on open action plans to ensure management action plans have been effectively remediated
  • Assist in developing risk based audit plan
  • Travel up to 30%

Minimum Qualifications (required)

  • Bachelor's degree in Finance, Accounting or Business-related field, or currently enrolled in a Bachelor's degree program in Finance, Accounting or Business-related filed with a graduation date prior to Septemeber 2021
  • Proficient in Microsoft Office (Excel and Word)
  • Ability to travel up to 30% for Internal Audit rotation 

Additional Qualifications

  • Agriculture experience or understanding of Agriculture industry 
  • Previous internship relating to finance, accounting or other Agriculture related internship 
  • SAP experience 

CHS offers a competitive total compensation package. Benefits include Health, Dental, Vision, Hearing, Life Insurance, Health and Day Care Savings Accounts, Paid Vacation, 401K, Company Funded Pension, Profit Sharing, Long and Short Term Disability, Tuition reimbursement, and Adoption assistance.

CHS is an Equal Opportunity Employer.

Effective January 6, 2020, the U.S. Department of Transportation, Federal Motor Carrier Safety Administration (FMCSA) requires employers to conduct a pre-employment verification full query against the newly established License Drug and Alcohol Clearinghouse prior to beginning employment in a position that requires a valid commercial driver’s license (CDL). Candidates seeking employment in a position that requires a commercial motor vehicle license must voluntarily enter their information into the FMCSA and must provide disclosure authorization, at the time of offer, to CHS or an authorized third-party agent of CHS to verify the information.

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  • Accounting and Finance, Inver Grove Heights, Minnesota, United StatesRemove

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