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Commodity Risk Associate Jobs in Illinois (NOW HIRING)

Crane NXT Co

Headquartered in Malvern, PA, CPI is supported by more than 2500 global associates, 7 manufacturing ... Risk Management -- Identify and assess potential risks in the supply chain, including geopolitical ...

Crane Payment Innovations

Headquartered in Malvern, PA, CPI is supported by more than 2500 global associates, 7 manufacturing ... Risk Management -- Identify and assess potential risks in the supply chain, including geopolitical ...

Mars

CFO, Global M&M'S Ecosystem

Chicago, IL

Develop and execute strategies to manage the financial risk of commodity price volatility and other ... Work with diverse and talented Associates, all guided by the Five Principles. Join a purpose driven ...

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Commodity Risk Associate information

What is the difference between Commodity Risk Associate vs Commodity Trader?

AspectCommodity Risk AssociateCommodity Trader
Primary RoleAssessing and managing risk exposure related to commoditiesBuying and selling commodities to generate profit
Skills & CertificationsRisk management, analytics, certifications like FRM or CFAMarket analysis, trading strategies, financial acumen
Work EnvironmentCorporate risk departments, energy, agriculture, metals sectorsTrading floors, financial firms, commodity exchanges

While both roles involve commodities, a Commodity Risk Associate focuses on identifying and mitigating risks associated with commodity price fluctuations, often within a company's risk management team. In contrast, a Commodity Trader actively engages in buying and selling commodities to profit from market movements. The roles differ in their primary objectives but share skills in market analysis and industry knowledge.

What are the most commonly searched types of Commodity Risk jobs in Illinois? The most popular types of Commodity Risk jobs in Illinois are:
What are popular job titles related to Commodity Risk Associate jobs in Illinois? For Commodity Risk Associate jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Commodity Risk Associate jobs in Illinois look for? The top searched job categories for Commodity Risk Associate jobs in Illinois are:
What cities in Illinois are hiring for Commodity Risk Associate jobs? Cities in Illinois with the most Commodity Risk Associate job openings:
Commodity Risk Associate jobs near you
Commodity Mgr.

Commodity Mgr.

Crane NXT Co

On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

Have you ever used the self-checkout? Played the slots at a casino? Maybe you grabbled a drink for a vending machine or paid to park your car? If you answered with a resounding "YES", then you have done so with the aid of one of the 10 million devices installed by Crane Payment Innovations (CPI).
We make the technology that powers your everyday life, enabling more than 4 billion transactions every week in more than 143 currencies worldwide. From cash and coins to cards and mobile, we keep the world of payments moving with smart validation devices and business management software.
Headquartered in Malvern, PA, CPI is supported by more than 2500 global associates, 7 manufacturing sites, 12 corporate offices, and 43 service branches.
If you would like to have a hands-on global impact on payment solutions, we would like you to join our team as a Commodity Manager. This is a full-time, hybrid position based in our office in Mt. Prospect, IL.
WHAT YOU WILL BE DOING
As the Plastic & Resin Commodity Manager, you will manage a critical part of CPI success, the development and implementation of our strategy for CPI plastic components which represent one the most critical direct spend category for CPI.
You will report to the Commodity Management Director and collaborate with the support of an international sourcing team (US, China, Europe, and Mexico). Your primary goal is to ensure that CPI obtains the necessary goods at the right quality, price, and terns while optimizing supplier relationships and mitigating risks. This commodity manager is responsible to lead the commodity team, including, but not limited to, engineering, quality, NPD Sourcing and site materials management, in setting the commodity strategy for Plastics and Resins. This role includes supplier relationship development, leadership of productivity project, support for site material management and quality assurance as well as supporting mew product development sourcing teams in the supplier selection process.
The Plastic & Resin Commodity Manager will have a direct impact on our supply chain group, responsible for the end-to-end category management:
  • Strategic Sourcing -- Develop and implement sourcing strategies for plastic components. This includes identifying potential suppliers, negotiating contracts, and evaluating supplier performance.
  • Cost Management -- Analyze market trends, pricing, and cost structures to identify cost-saving opportunities. Negotiate pricing and terms with suppliers to achieve cost reductions or cost stability.
  • Supply Chain Optimization -- Work closely with other departments, such as buyer and supplier quality assurance team, to ensure a smooth and efficient supply chain. Address any supply chain disruptions or issues promptly.
  • Risk Management -- Identify and assess potential risks in the supply chain, including geopolitical, economic, and environmental factors. Develop strategies to mitigate these risks and ensure continuity of supply.
  • Quality Assurance -- Ensure that purchased commodities meet quality standards and specifications. Collaborate with quality control teams to address any quality issues with suppliers.
  • Cost-Benefit Analysis -- Conduct cost-benefit analyses and financial evaluations to support procurement decisions and investments.
  • Communication -- Collaborate with cross-functional teams and communicate effectively with stakeholders, including executives, to align procurement strategies with overall business objectives.
  • Continuous Improvement -- Identify opportunities for process improvement and efficiency gains within the procurement function and implement best practices.
  • Environmental and Social Responsibility -- Consider sustainability and corporate social responsibility aspects in sourcing decisions and supplier relationships.

WHO WE ARE LOOKING FOR
You will bring your industrial background knowledge with well demonstrated experience in international supplier management.
  • Bachelor's degree in Business, Supply Chain Management, or a related field
  • +5 years of experience in procurement or supply chain management
  • Strong analytical, negotiation, communication, and project management skills
  • Pragmatic - we need to make things happen
  • Proven ability to develop collaborative relationships and influence up, down, and across organizational lines
  • Hands on experience supporting new product development projects, qualifying suppliers, qualifying products/components, verifying suppliers manufacturing readiness and ramping up volume production
  • Strong interpersonal skills and demonstrated ability to perform and produce results in multifunctional global teams in a dynamic work environment
  • Engineering background is an advantage

Key Attributes for Success
  • Action Oriented: You display a sense of urgency and are known for being a timely decision maker
  • Analytical Thinker: You need to have insight and enjoy solving problems
  • Creative: You are innovative and resourceful
  • Customer Service Oriented: You possess a drive to serve your "customers" and focus on responding promptly to project team needs
  • Decision-Making Skills: You have a reputation for making quality decisions and sticking to them
  • Facilitator: You are good at negotiating win-win solutions
  • Flexible: You are comfortable wearing many hats and able to shift priorities as needed
  • Comfortable with Innovation: You have passion for continuous improvement and are always seeking a better way to do things
  • Organized: You assemble all necessary materials and information before starting a task
  • Team Player: You are approachable, and willing to follow or lead based on the team's need

WHAT WE ARE OFFERING
  • Flexible work environments
  • Base $120-140K
  • Defined career growth plans with opportunities to go outside of your "comfort zone"
  • Team building activities that support innovation
  • Generous paid time off plus sick and Holiday pay
  • Medical, dental & vision insurance plans
  • 401K with company contribution
  • Flexible spending accounts
  • Life insurance and disability benefits
  • Discounts for childcare
  • Tuition assistance
  • Community involvement and volunteering events
  • On-site gym
  • Opportunities to travel and work at global sites

Sound interesting? Come see why we are OneCPI!
CPI is a part of Crane NXT
CraneNXT is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. The company is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies. CraneNXT has approximately 4000 employees with global operations and manufacturing facilities in the United States, the United Kingdom, Mexico, Japan, Switzerland, Germany, Sweden, and Malta. For more information, visit www.cranenxt.com
Crane Payment Innovations is committed to hiring a diverse workforce. Applicants will receive consideration without regard to race, color, religion, sex, gender identity, sexual orientation, age, disability, military status, or national origin or any other characteristic protected under federal, state, or applicable local law.
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