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Commodity Analyst Jobs in Chicago, IL (NOW HIRING)

Flender

Commodity Manager

Elgin, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Commodity Manager Company Description Flender is a leading global supplier for mechanical drive ... Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to ...

Flender

Commodity Manager

Elgin, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Commodity Manager Company Description Flender is a leading global supplier for mechanical drive ... Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to ...

Flender

Indirect Commodity Manager

Elgin, IL · On-site

Analyze spend and market trends to identify and implement cost savings opportunities. Negotiate pricing, terms, and value-added services. * Risk & Market Analysis: Track market conditions, manage ...

Flender

Indirect Commodity Manager

Elgin, IL

Analyze spend and market trends to identify and implement cost savings opportunities. Negotiate pricing, terms, and value-added services. * Risk & Market Analysis: Track market conditions, manage ...

Entegris

Lead Commodity Manager

Aurora, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Lead Commodity Manager The Role The Global Supply Chain team is integral to enabling Entegris ... Drive value creation initiatives, including cost savings, should-cost analysis, and commercial ...

Entegris

Lead Commodity Manager

Aurora, IL

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Job Title: Lead Commodity Manager The Role The Global SupplyChainteam is integral to enabling ... Drive value creationinitiatives,includingcost savings, should-cost analysis, and commercial ...

Hendrickson USA, LLC

Commodity Buyer

Woodridge, IL · On-site

$79K - $130K/yr

The Commodity Buyer will: * Lead material cost reduction activities for assigned purchased material ... Lead cross-functional analysis to prepare recommendation(s) for make vs. buy decisions.

Adecco

Purhasing - Commodity Sourcing II

Buffalo Grove, IL

$37/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... analysis, financial analysis, etc. * Estimates values according to knowledge of market price ... For instant consideration for this Purchasing - Commodity Sourcing II position with Adecco in ...

Barry Callebaut

Sr Analyst, Pricing

Chicago, IL · Hybrid

$82K - $92K/yr

  • PTO

You will lead the development of pricing strategies and proposals leveraging chocolate open-book pricing models, commodity market insights, and cost-to-serve analytics. You will act as a key business ...

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All JobsCommodity Analyst JobsCommodity Analyst Jobs in Chicago, IL

Commodity Analyst information

See Chicago, IL salary details

$60.8K

$91.3K

$154.5K

How much do commodity analyst jobs pay per year?

As of Aug 14, 2026, the average yearly pay for commodity analyst in Chicago, IL is $91,293.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,600.00 and $105,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a commodity analyst, and why are they important?

To thrive as a Commodity Analyst, you need strong analytical abilities, a solid understanding of financial markets, and a degree in finance, economics, or a related field. Familiarity with data analysis tools like Excel, Bloomberg Terminal, and statistical software, as well as relevant certifications such as CFA, is highly beneficial. Exceptional communication, critical thinking, and attention to detail help you interpret market trends and convey insights to stakeholders. These skills are essential for making informed recommendations, managing risks, and supporting effective decision-making in a fast-moving commodities market.

What does a commodity analyst do?

A Commodity Analyst researches and analyzes data related to the supply, demand, and pricing of commodities such as oil, metals, grains, or energy products. They monitor market trends, economic indicators, and global events that could impact commodity prices. Their insights help companies, traders, and investors make informed decisions about buying, selling, or hedging commodities. Commodity Analysts often prepare reports, forecasts, and recommendations based on their findings.

What does a commodity analyst do?

A commodity analyst specializes in the raw materials part of the stock market. These can range from oil and electricity to soybeans and fruit. As a commodity analyst, it is your job to analyze the market to predict what it will do in the future regarding how these types of items are traded. You may be asked to focus on just one item or several at a time. Typical duties include analyzing financial information, monitoring the market and commodities industries, and drafting accurate reports for investors. This career requires at least a bachelor’s degree in economics, finance, or a related field. Additional qualifications include excellent analytical skills, a thorough knowledge of economics, and the ability to use complex computer software. It is also helpful to have experience writing concise reports and to know the jargon of Wall Street.

What are some common challenges commodity analysts face when interpreting market data, and how can they overcome them?

Commodity Analysts often encounter challenges such as rapidly changing market conditions, data inconsistencies from multiple sources, and geopolitical events that can impact commodity prices unexpectedly. To overcome these issues, analysts should stay updated with real-time news, use reliable data platforms, and develop strong analytical frameworks to filter out noise. Collaborating with traders, economists, and supply chain specialists can also provide broader perspectives and enhance the quality of market insights.
More about Commodity Analyst jobs

What are the most commonly searched types of Commodity Analyst jobs in Chicago, IL?

The most popular types of Commodity Analyst jobs in Chicago, IL are:

What are popular job titles related to Commodity Analyst jobs in Chicago, IL?

For Commodity Analyst jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Commodity Analyst jobs in Chicago, IL look for?

The top searched job categories for Commodity Analyst jobs in Chicago, IL are:

Commodity Analyst jobs near you
Infographic showing various Commodity Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 1% Internship, 85% Full Time, 8% Part Time, and 6% Contract. Highlights an 83% Physical, 8% Hybrid, and 9% Remote job distribution, with an average salary of $91,293 per year, or $43.9 per hour.

Commodity Manager

Flender

Elgin, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Job description

Commodity Manager
Company Description
Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of mechanical components for 125 years.
We're now hiring a talented Commodity Manager for our team in Elgin, IL on a full-time basis. If you're eager for your next challenge, Flender is a great place to grow your career.
For more information on Flender, please see website: www.flender.com
Equal Employment Opportunity Statement
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, marital status, family responsibilities, pregnancy, genetic information, protected veteran or military status, other categories protected by federal, state, or local law, and regardless of whether the qualified applicants are individuals with disabilities.
Job Summary:
The Commodity Manager for Direct Materials leads sourcing and procurement for strategic direct material categories vital to our manufacturing operations. This role is responsible for supplier relationship management, contract negotiations, cost optimization, and risk mitigation. The Commodity Manager partners closely with Engineering, Operations, R&D, Product Management, and Finance to align procurement strategies with business objectives and drive value, innovation, and continuous improvement.
Job Responsibilities:
  • Strategic Sourcing: Lead sourcing, supplier selection, RFx processes, negotiations, and contract management for assigned direct material categories, in conjunction with corporate Global Commodity Management strategies.
  • Supplier Management: As Supplier Relationship Owner for strategic suppliers, build and maintain strong supplier partnerships. Oversee supplier performance, conduct regular reviews, resolve issues, and drive continuous improvement.
  • Cost Optimization: Build and manage value creation roadmaps - cost savings, avoidance, innovation, working capital, resilience. Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to-end sourcing events (RFI/RFQ/RFP). Negotiate pricing, terms, and value-added solutions. Develop should-cost and total cost of ownership models.
  • Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.
  • Contract Management: Draft, negotiate, and administer contracts with suppliers, ensuring compliance with legal, regulatory, and company requirements.
  • Cross-Functional Collaboration: Work closely with Engineering, Operations, Quality, Finance, and other teams to align procurement with business needs and support new initiatives.
  • Process Improvement: Evaluate and enhance procurement and sourcing processes. Drive continuous improvement using data analytics and KPIs.
  • Compliance: Ensure all procurement activities adhere to company policies, industry regulations, and ethical standards.

Required Knowledge/Skills, Education, and Experience:
  • Bachelor's degree in Supply Chain Management, Business, Engineering, or related field.
  • Minimum 5 years of procurement or sourcing experience, with focus on direct materials in manufacturing or engineering.
  • Experience with following commodities preferred: Roller bearings, steel castings, gears, hydraulics, machined parts, fasters/hardware.
  • Strong negotiation, supplier management, and contract administration skills.
  • Proficiency with ERP/procurement systems (e.g., SAP, Coupa) and data analysis tools (Celonis, SAP Analytics Cloud, Excel).
  • Professional certifications (CPSM, C.P.M., APICS, ASCM) are a plus.
  • Excellent communication, collaboration, and organizational skills.
  • Ability to manage multiple priorities in a fast-paced environment.

Flender as an employer offers:
  • Paid Time Off (18 Days)
  • Paid Holidays
  • Tuition Reimbursement
  • Medical, Dental, Vision, Life Insurance
  • Flexible Spending Account
  • Health Savings Account
  • 401k (6% Employer Match)
  • Employee Assistance Program

Your contact person(s) for this job posting is/are:
Jacob Stupec-Hernandez
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

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