Commodity Broker/LRP Agent
- Commstock Investments is an independent, full-service agriculture risk management firm, specializing in commodity brokerage services, crop insurance and a well-known newsletter called,
- The Commstock Report*
. Founded in 1985,
we currently have ten offices located across the Midwest with our headquarters in Royal, IA. We help farmers do a better job marketing their production by managing their risk using futures and options. The owner and brokers have real ag production experience in both Iowa and Brazil, giving them a global perspective and direct access to fundamental market intelligence.
We are looking for a self-motivated and energetic new team member to join our staff of experienced commodity brokers. This individual will begin their training process working next to an experienced broker. We have a successful track record of helping new and veteran brokers develop strong books of business.
- We are a family-owned company with strong roots to agriculture. We consider ourselves advocates for the family farm. We specialize in trading all major ag commodities (grains & livestock), although we also trade the financial indexes, currencies and the energy complex. You can learn more about us by visiting www.commstock.com.
- *Responsibilities will include:
- Execute futures and options transactions specifically requested by the customer
- Communicate with clients on market changes/sell signals/options strategies as necessary
- Assist customers in the formulation and implementation of appropriate hedging or speculative strategies
- Develop new customers to grow existing customer base (phone, meetings, on farm visits)
- Collaborate with Customer Service Managers to maintain up to date records of customer information
- Comply with all NFA, industry compliance regulations and company rules
- Conduct and/or participate in radio/print/media/TV appearances as opportunities exist to promote both broker and firm
- Conduct marketing seminars to promote individual portfolio growth and promote firm image and growth
- Contribute to publications/recorded services/other promotions as needed to build business
- Be available for customer calls and questions
- This is a full-time position. Brokers should enjoy working in an office environment and speaking to farmers all day.
- Candidates are encouraged to earn their crop insurance and Livestock Risk Protection insurance to supplement their sales.
- *Qualifications:
- Bachelor’s degree required (Ag Business or Ag Finance preferred but others accepted)
- Currently holds a Series 3 License
- Prior livestock/grain marketing/hedging/client relations or similar experience preferred
- Must have proven ability to develop long term relationships with clients via phone/face-to-face/written communication
- Strong prospecting and sales skills (ex: networking, seminars, or cold calling)
- Must be able to keep confidential information and perform in a trustworthy and ethical manner
- Must have excellent computer skills
- Must be able to take initiative and solve problems
- *Advantages:**
- You will be working alongside a senior broker with years of experience.
- Most compliance and administrative work will be handled by Commstock Professionals, allowing you time to focus on building and assisting your client base.
- You will be working for one of the leading agricultural brokerage firms in the country that has been in business since 1985.
- You may be able to attend national conferences for lead generation.
- You will enjoy a competitive base salary, and commission system that should be attractive to the individual that is passionate about marketing and serving their clients.
- We offer guaranteed income during the introductory period. Following this period, risk management advisors eventually transition to a 100% commission plan with the goal of making six figure annual salaries.
- *Additional Comments:**
- Only applicants meeting the strict criteria outlined above will be contacted for the initial interview process.
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