Sr Commodity Analyst

1 month ago

Marlborough, United States BJ's Wholesale Club Full time

The Benefits of working at BJ’s

• BJ’s pays weekly

•Eligible for free BJ's Inner Circle and Supplemental membership(s)*

• Generous time off programs to support busy lifestyles* 

o Vacation, Personal, Holiday, Sick, Bereavement Leave, Jury Duty

• Benefit plans for your changing needs*

o Three medical plans**, Health Savings Account (HSA), two dental plans, vision plan,flexible spending ​

• 401(k) plan with company match (must be at least 18 years old)

*eligibility requirements vary by position

**medical plans vary by location

​ The Senior Commodity Analyst is the liaison between their assigned division(s) and the Strategic Sourcing & Procurement team. The Senior Analyst is responsible for the timely handling of commodity information requests and providing analysis focusing on consumption and other economic considerations. The work will include developing and deploying complex models, tools, and processes to influence decisions related to risk management, margin enhancement, asset utilization. Effective project management, presentation creation, communication of crucial details to stakeholders, and building and maintaining commodity tracking dashboards and templates are a must. The ultimate goal is to ensure that their assigned division(s) expectations have been met or exceeded while adhering to BJ’s established policies and procedures. To succeed, it is imperative to build strong relationships with the assigned division and help them to understand and integrate commodity market information within the sourcing process.

Provide timely, accurate, and actionable insights to key customers such as the merchant team (Direct) and SS&P(Indirect). Review and scrub historical pricing data and respond to price increases using commodity information sources, analyzing component costing and sourcing recommendations. Develop, enhance, and execute complex tools, models, and processes to forecast and describe price, supply and demand, relative value, and global trends. Create, manage, and review formula and cost model pricing to manage risk, drive efficiencies and cost improvements. Create, maintain, and automate commodity market tracking reports that monitor COGS, Indirect SG&A expenses. Project management responsibilities include maintaining a detailed project plan, regular updates about strategy, adjustments, progress, and measured outcomes to identify areas for improvement Partner with other team members to deliver analysis that maximizes our competitive advantage. Develop, coordinate and support initiatives related to technology and data to predict commodity fluctuations better Proactively identify and provide support to capture cost savings opportunities and explain those opportunities to SS&P and the Merchant team. Provide thought leadership for new data, technology, tools, and innovation. Independently solve moderately complex issues with minimal supervision while escalating more difficult issues to appropriate staff. Strong communication and negotiation support & skills Knowledge of Powerpoint, Excel and Word Understanding of commodity futures markets and forward curves Strong data analysis, logic, and curiosity skills Strong research skills Strong attention to detail and organizational skills Bachelor's Degree Required. 5+ years

Environmental Job Conditions

Team Oriented, Service Centric, Fast Paced, Accuracy Critical, Ever Changing Environment.

This role has excellent exposure with daily opportunities to meet with team members across Merchandising, Analytics, and Direct and Indirect Strategic Procurement.

In accordance with the Pay Transparency requirements, the following represents a good faith estimate of the compensation range for this position. At BJ’s Wholesale Club, we carefully consider a wide range of non-discriminatory factors when determining salary. Actual salaries will vary depending on factors including but not limited to location, education, experience, and qualifications. The pay range for this position is starting from $74,500.00.

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