Senior Commodity Manager
4 weeks ago
Job Overview:
The Senior Commodity Manager will oversee all aspects of spend related to beef, soybean oil, flour, pork, chicken, cheese, eggs, and energy commodities. This role manages one team member and collaborates with suppliers, Commercial, Planning, Legal, Regulatory, Transportation, Warehousing, Quality, and Operations to ensure commodity materials are available to support manufacturing operations.
Key Responsibilities:
- Manage enterprise commodity spend across four manufacturing plants in the United States, with a raw material SKU count exceeding 100 items.
- Analyze supply markets, assess physical and financial risk to the company, and forecast prices of commodities using fundamental and technical analysis.
- Collaborate with Finance and Commercial stakeholders to set Annual Business Plans for commodities.
- Prepare and present detailed reports to senior leadership on commodity markets and their risks, recommending comprehensive risk management strategies to mitigate market risks and achieve Annual Business Plans.
- Develop and maintain category strategies for each commodity area, ensuring the company is well-positioned in supply markets with the right suppliers.
Requirements:
- Minimum of 10 years of experience in a consumer goods company, preferably in food or beverage.
- Minimum of 10 years of experience in risk management or commodity trading roles.
- Bachelor's degree in Finance, Economics, Supply Chain, or other business-related field; Master's degree preferred.
- Deep expertise in financial risk management techniques, including forward fixed contracts, futures, options, and swaps.
- Strong analytical skills and financial acumen.
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