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Treasury Hedge Manager

Date: May 16, 2019

Location: TN:Brentwood, TN - Tennessee, US, 37027

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Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, renewable fuels and convenience store retailing.  The refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

 

The logistics operations primarily consist of Delek Logistics Partners, LP.  Delek US Holdings, Inc.and its affiliates own approximately 63% (including the 2 percent general partner interest) of Delek Logistics Partners, LP.  Delek Logistics Partners, LP (NYSE:DKL) is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets.

 

The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.

Position Summary

The Treasury Hedge Manager will manage hedge trade database for all swap, options and futures transactions by counterparty and across various segments, in order to generate open positions to reflect mark-to-market pricing to prepare profit and loss reports monthly on commodity and interest rate hedges. 

 

Responsibilities: 

  • Responsible for the review and signoff of all daily futures and swap verification process within Treasury
    • Ensure all  trade confirmations have the proper review and signature approvals by the appropriate officers
    • Ensure all trades loaded into SAP have been reviewed against counterparty statements
    • Review trader approval reports from RightAngle against counterparty statements for completeness
    • Ensure all counterparty statement check offs are complete daily
  • Provide assistance to Operations to address any discrepancies on trade issues with various counterparties
  • Import new trade and pricing files into SAP daily.  Export the data once captured into SAP for review against counterparty confirmations for accuracy and completeness
  • Prepare and process all hedge settlements within SAP to ensure compliance with all audit procedures and timely payment or receipt of funds
  • Confirm settlement and generate invoices with counterparties monthly
  • Create monthly hedge summary and results with Accounting for SEC reporting and distribution internally to executive management
    • Track and maintain master spreadsheet monthly that contains all new trades executed within the hedge workbook until expiration
    • Roll the spreadsheet monthly to take off expiring positions
    • Add market value data valuations and settlement valuations for each trade once generated in SAP
  • Review cash margin threshold levels and requirements daily and prepare cash wire transfer requests to counterparties as needed 
  • Generate weekly cash margin position report for all hedges
  • Maintain all pricing tables within SAP monthly
  • Manage the setup of all business partner, commodity table and pricing source data needed within SAP system
  • Prepare and issue audit requested commodity confirmations
    • Carefully prepare confirms based on reviewed material
    • Submit confirms for review
    • Follow up with addressees to ensure receipt and return of signed audit confirm
    • Discuss confirm with external auditors as needed as well as discuss any audit related questions for hedge
  • Assist with the review and maintenance of ISDA and FCM agreements and Dodd-Frank compliance requirements for all segments and with all brokers; negotiate and open new ISDA and FCM agreements in coordination with Operations
  • Serve as backup to debt and interest accrual process

 

Requirements – Skills/Knowledge/Abilities:

  • Commodity hedging experience a plus
  • General ledger experience in SAP a plus with general reconciliation experience
  • Advanced Excel skills are required
  • Organizational skills, preferably in a paperless environment
  • Accounting/Finance degree required

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, disability status, protected veteran status, or any other characteristic protected by law. Equal Opportunity Employer/Disabled/Veterans.


Nearest Major Market: Nashville

Job Segment: ERP, Manager, SAP, Database, Technology, Management, Retail

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