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

Global Commodity Manager - Chemicals
Imagine yourself...

• Growing your expertise and expanding your skillset with every project.
• Owning your ambition and fueling your career growth.
• Thriving in a supportive team environment that inspires you to strive for excellence.

It's all possible with a role at Videojet, a Veralto company. You have likely purchased or used a product touched by Videojet Technologies this week-after all, Videojet is a world leader in the product identification market, providing in-line printing, coding and marking products, consumables, and software solutions. Videojet's technologies play a critical role in ensuring the safety and authenticity of products sold across the globe in the food, beverage, pharmaceutical, and industrial marketplaces.
As part of the Videojet team and the broader Veralto network, you'll work with products that make an everyday impact on the world around you-and along the way, you'll have opportunities to make your mark on our business and your career with ongoing opportunities to deepen your skillset and pursue your ambitions.
We offer:

• Comprehensive benefits (medical, dental, vision) from day one.
• Annual bonus + salary review.
• Flexible and Permissive PTO and paid holidays.
• 401(k) with company match.
• Tuition reimbursement and paid parental leave.
• Wellbeing programs and career development opportunities.

We are currently seeking a dynamic individual to join our team as a Global Commodity Manager. This pivotal position involves the development and execution of commodity strategy, strategically sourcing components to achieve lowest total cost of ownership, and supporting ongoing initiatives that reduce risk and increase value for the customer. Reporting directly to the Global Procurement Director, this role is based in Wood Dale, IL, requiring a minimum on-site presence of three days per week. If you are passionate about driving efficiency and excellence in procurement and supply chain management, we invite you to join us and contribute to our corporation's continued success.
Location: Wood Dale, IL (Hybrid - minimum 3 days onsite)
Reports to: Global Procurement Director
In this role, a typical day will look like:

• Manage overall responsibility of material spend between $40M-$50M used in production of Videojet for fluids ,Dyes, solvents, additives, packaging, blow mold, injection mold thermal transfer ribbons.
• Develop, negotiate, and complete contracts/agreements with suppliers that minimize TCO, improve quality, minimize supply risk, and assure on-time delivery.
• Develop an in-depth knowledge of chemical commodities, global supply markets, new technologies, supply landscape and pricing trends.
• Build and lead a pipeline of PPV/VAVE projects by conducting cross functional workshops throughout Videojet Technologies Inc. and help implement them.
• Develop and implement working capital turns improvement programs including payment terms extension, inventory reduction, lead time reduction, Consignment and 3PL
• Prepare and conduct RFQ/RFQ's and analyze quotes, including conducting e-auctions as needed. Conduct, analyze and perform cost break down analysis to support negotiations, to result in best overall cost and commercial terms.
• Provide support to manufacturing locations for supplier performance issues related to quality and delivery.
• Deliver measurable and auditable results in policy deployment targets and key performance indicators.
• Stay up to date with regulatory requirements.

The essential requirements of the job include:

• Minimum of 5-7 years in Procurement, Strategic Sourcing, or Supply Chain Management.
• BS degree in Business Administration, Engineering, Supply Chain Management, or similar discipline
• Demonstrated project management experience.
• Financial acumen and demonstrated aptitude in analytics and decision-making.
• Ability to travel when required.

Videojet is proud to part of the Product Quality & Innovation segment of Veralto (NYSE: VLTO), a $5B global leader dedicated to ensuring access to clean water, safe food and medicine, and trusted essential goods. When you join Veralto's vibrant global network of 16,000 associates, you join a unique culture and work environment where purpose meets possibility: where the work you do has an everyday impact on the resources and essentials we all rely on, and where you'll have valuable opportunities to deepen your skillset, pursue your ambitions, and grow your career. Together, we're Safeguarding the World's Most Vital Resources™-and building rewarding careers along the way.
US ONLY:
The below range reflects the range of possible compensation for this role at the time of this posting. We may ultimately pay more or less than the posted range. This range may be modified in the future. An associate's position within the salary range will be based on several factors, including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs.
The compensation range for this role is $105,000 - $115,000 USD per year. This job is also eligible for Bonus Pay.
We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance and 401(k) to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
US residents: In any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information.
Veralto Corporation and all Veralto Companies are committed to equal opportunity regardless of race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law. We value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve. Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes.
The EEO posters are available here.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us at applyassistance@veralto.com to request accommodation.
Unsolicited Assistance
We do not accept unsolicited assistance from any headhunters or recruitment firms for any of our job openings. All resumes or profiles submitted by search firms to any employee at any of the Veralto companies, in any form without a valid, signed search agreement in place for the specific position, approved by Talent Acquisition, will be deemed the sole property of Veralto and its companies. No fee will be paid in the event the candidate is hired by Veralto and its companies because of the unsolicited referral.