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

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About Us:

TreeHouse Foods is a leading manufacturer of private label packaged foods and beverages, operating a network of over 20 production facilities and several corporate offices across the United States and Canada. At TreeHouse Foods, our commitment to excellence extends beyond our products and revolves around our people. We are investing in talent and creating a performance-based culture where employees can do their best work and develop their careers, directly impacting our mission to make high quality, affordable food for our customers, communities, and families. We hope you will consider joining the team and being part of our future.

Named one of America's Best Large Employers by Forbes Magazine, we are proud to live by a strong set of values and strive to "Engage and Delight - One Customer at a Time." Guided by our values-Own It, Commit to Excellence, Be Agile, Speak Up, and Better Together. We are a diverse team driven by integrity, accountability, and a commitment to exceptional results. We embrace change, prioritize continuous learning, and foster collaboration, transparency, and healthy debate. Together, we set each other up for success to achieve enterprise-wide goals.

What You Gain:

• Competitive compensation and benefits program with no waiting period - you're eligible from your first day!

• 401(k) program with 5% employer match and 100% vesting as soon as you enroll.

• Comprehensive paid time off opportunities, including immediate access to four weeks of vacation, five sick days, parental leave and 11 company holidays (including two floating holidays).

• Leaders who are invested in supporting your accelerated career growth, plus paid training, tuition reimbursement and a robust educational platform - DevelopU - with more than 10,000 free courses to support you along the way.

• An inclusive working environment where you can build meaningful work relationships with a diverse group of professionals. Take advantage of opportunities to build on our team-oriented culture, such as joining one of our Employee Resource Groups.

• Access to our wellness and employee assistance programs.

Job Description:

About the Role:

We are seeking a Manager, Commodity Procurement and Risk Management, based out of our corporate office in Oak Brook, IL. This role partners across the TreeHouse Corporate Procurement team and key stakeholders to develop and execute procurement category and risk management strategies that support Business Unit objectives. Through excellent communication and collaboration skills, this role will ensure that sourcing and risk management strategies are aligned with the overarching TreeHouse business strategies, focused on generating continued value to the organization.

You'll add value to this role by performing various functions including, but not limited to:

• Develop category and commodity risk management strategies, while demonstrating the ability to translate the strategies into actionable roadmaps and plans.
• Provide clear and concise market condition updates and the impact of changes in the market to the Company's commodity risk exposure to the Procurement Leadership Team.
• Assure strategic sourcing opportunities and hedging activities are prioritized and executed.
• Execute strategies to manage price risk related to underlying commodity markets and industry dynamics.
• Collaboratively share knowledge and skills in category management, risk management (price and supply security), and negotiations within Supply Chain.
• Manage supplier relationships including KPIs, conduct quarterly business reviews, negotiate contracts and pricing, and serve as a corporate and plant representative in dealings with suppliers.
• Responsible for complex category management, including identifying and leading strategic sourcing events.
• Responsible for annual and monthly financial forecasts for ingredient categories and underlying commodity positions, as well as reporting purchase price variance and mark-to-market valuations.
• Stay abreast of the latest contracting processes and technologies that have implications for strategic sourcing.
• Continually monitor, analyze, and assess pricing and delivery trends that impact category spend and continuous communication with Procurement leadership, Finance, and Manufacturing.
• Communicate category strategies, risk management strategies, and gain alignment with internal stakeholders.
• Produce purchasing recommendations at targeted price levels, quantities, and timeframes.
• Coordinate with the Continuous Improvement Team, internal stakeholders, and suppliers to develop a continuous improvement pipeline and action plans to deliver ongoing value to the organization.
• Ensure completion of accurate spend analysis and execute long-term, sustainable strategies that create productivity.
• Assist in the development of annual budgets.
• Resolve vendor disputes with suppliers related to purchasing activities.
• Ensure that all contracts and associated suppliers are compliant with corporate policy.
• Ensure all risk management activities are reported and compliant to corporate policy.
• Ensure suppliers agree to specifications generated for approved materials.

Important Details:

• This is a full-time, hybrid role based out of our Oak Brook, IL office.
• The anticipated compensation for this position ranges from $97,500.00 - 146,300.00 USD annually. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee's position within the salary range will be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics and business or organizational needs. For certain roles, the successful candidate may be eligible for annual discretionary merit compensation award, bonus and equity pay. organizational needs. For certain roles, the successful candidate may be eligible for annual discretionary merit compensation award, bonus and equity pay.

You'll fit right in if you have:

• A bachelor's degree or equivalent years of experience is required.
• A minimum of 5 years of procurement experience in the food manufacturing industry is required.
• Minimum of 5 years of risk management experience with physical commodities and/or financial derivatives is required.
• Experience with financial derivative trading and reporting required.
• Experience managing supplier relationships and leading cross-functional projects is required.
• Experience with ERP systems such as SAP and e-RFQ is preferred.
• Thorough understanding of manufacturing and supply chains as well as how materials are utilized by TreeHouse required.
• Strong technical and analytical skills with the ability to solve problems creatively are required.
• Must possess exceptional communication skills, including verbal, written, and listening skills.
• Excellent negotiation skills are required.
• Must enjoy working in a collaborative and team-oriented environment in a mid-sized organization.
• Proficiency in Microsoft Office, with intermediate to advanced Microsoft Excel skills, is required.

Your TreeHouse Foods Career is Just a Click Away!

Click on the "Apply" button or go directly towww.treehousefoods.com/careersto let us know you're ready to join our team!

At TreeHouse Foods, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work to help us "Engage and Delight - One Customer at a Time".TreeHouse Foods is an Equal Opportunity Employer that prohibits discrimination or harassment of any type. All qualified applicants are considered for employment without regard to race, color, national origin, age, sex, sexual orientation, gender, gender identity or expression, disability status, protected veteran status, or any other characteristic protected by law. Applicants who require an accommodation to participate in the job application or hiring process should contactdisability-accommodations@treehousefoods.com

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