Manager Procurement - Commodities & Risk

Title:

Manager Procurement
- Commodities & Risk

Location:

Eagle,

Job

Requisition
-270866

Time Type:
Full time

The Manager Procurement
- Commodities & Risk drives the development of best procurement practices, including commodity risk management/mitigation, sourcing strategy definition, deployment, and stakeholder management (Directors and VPs) to maximize total value contribution and fuel the growth of LW. Drives the Procurement value contribution to Lamb Weston while ensuring compliance with policies, strategies, and processes. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical.

Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, Source to Pay (STP) fundamentals, factory environments, and risk mitigation strategies. A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement: category and sourcing strategy development, negotiation, contracting, supplier management, and analysis.

The role will be responsible for strategy implementation, negotiation and contracting within assigned categories.

• Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs.
• Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and STP strategy) to meet regional and global business expectations.
• Manage alignment and deployment of global strategies and financial plans.
• Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams.
• Manage stakeholder engagement and alignment throughout the end-to-end sourcing process.
• Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities.
• Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations.
• Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold.
• Ensure standardization of processes and tools in coordination with other Spend Towers.
• Coordinate delivery of assigned regional and global KPI’s.
• Be a point person responsible and accountable for delivery of goals for commodity procurement.
• Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts.
• Monitor market dynamics and make coverage recommendations to optimize value in commodity markets. Analyze trends in commodity markets.
• Maintain physical and financial commodities positions in compliance with Commodity Risk Policy.
• Other duties and responsibilities may be required and/or assigned as necessary.

• Bachelor’s degree in Supply Chain, Business, or Finance required.
• MBA or CPSM/ CPM certification preferred.

• 10+ years related experience in all aspects of sourcing processes, including agricultural commodity risk management, contract negotiation, and project management.
• Demonstrated success in people/team management.
• Experience in Agricultural Commodity Risk Management and Trade Strategies to mitigate financial and operational risk, as specifically applied to vegetable oils, corn, wheat, dairy, natural gas.
• Experience working with diverse executive leaders and proven ability to develop agreement of priorities.
• Demonstrated interpersonal, verbal, and written communication skills to interact and consult with all levels in the business units as well as external suppliers.
• Ability to manage projects, work under pressure and meet agreed and often tight deadlines.
• Proven ability in building and managing strategic plans and annual budgets.
• Outstanding organizational,…