Commodity Risk Analyst Jobs in Chicago, IL (NOW HIRING)

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:

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.