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Commodity Risk Manager Jobs in New Jersey (NOW HIRING)

Chief Estimator

Jersey City, NJ · On-site

$134K - $178K/yr

Monitor commodity pricing, labor rates, escalation factors, and supply-chain conditions. Provide ... Risk Management * Lead cost-risk assessments and scenario modeling to support informed decision ...

... risk, gathering intelligence on fundamental conditions and technical information that impact the ... complex commodity which includes research of potential vendors, development of Request for ...

... risk, gathering intelligence on fundamental conditions and technical information that impact the ... Providing contract life cycle management of a significant, complex commodity which includes ...

Ensure compliance with security and risk management protocols. Qualifications: * Minimum 6+ year ... of the Commodity Exchange Act, and (b) they do not conflict with the background screening ...

Ensure compliance with security and risk management protocols. Qualifications: * Minimum 6+ year ... of the Commodity Exchange Act, and (b) they do not conflict with the background screening ...

Review capital requests and business cases for financial assumptions, return expectations, risk ... Manage financial monitoring, reconciliation, and reporting of commodity inventory, shipments ...

Review capital requests and business cases for financial assumptions, return expectations, risk ... Manage financial monitoring, reconciliation, and reporting of commodity inventory, shipments ...

... risk management. * Experience managing physical precious metals inventory, vault relationships, or commodity logistics. * Advanced Microsoft Excel and analytical skills. * Strong organizational ...

... risk management. * Experience managing physical precious metals inventory, vault relationships, or commodity logistics. * Advanced Microsoft Excel and analytical skills. * Strong organizational ...

... risk and innovation, in alignment with the category strategy • Prepare and lead Quarterly ... commodity management, preferably in Cables & Harnesses and in complex organizations • Bachelor ...

... Commodity Trading and Risk Management and AI Powered Customer Experience (CX). Our client services are built on Microsoft Dynamics 365, Microsoft Azure, AWS, Cloud Engineering and Managed Services ...

Showing results 41-60

Commodity Risk Manager information

See New Jersey salary details

$37.1K

$99.5K

$162.4K

How much do commodity risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for commodity risk manager in New Jersey is $99,535.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,200.00 and $115,700.00 per year, depending on experience, location, and employer.

What does a commodity risk manager do?

A Commodity Risk Manager is responsible for identifying, assessing, and managing risks associated with the trading, purchasing, or production of commodities such as oil, gas, metals, or agricultural products. They analyze market trends, develop risk mitigation strategies, and use financial instruments like hedging to protect the company from price volatility. Their role often involves collaborating with traders, analysts, and senior management to ensure that the organization’s commodity exposure aligns with its overall risk appetite and business objectives.

What are the key skills and qualifications needed to thrive as a commodity risk manager?

To thrive as a Commodity Risk Manager, you need a solid understanding of financial markets, risk assessment, and commodity trading, typically backed by a degree in finance, economics, or a related field. Familiarity with risk management software, trading platforms, and certifications such as FRM (Financial Risk Manager) are highly valuable. Strong analytical thinking, attention to detail, and effective communication skills help you make informed decisions and clearly convey risk assessments. These competencies are crucial for managing exposure, optimizing trading strategies, and safeguarding organizational profitability in volatile commodity markets.

How does a commodity risk manager typically collaborate with other departments within an organization?

A Commodity Risk Manager works closely with departments such as procurement, finance, supply chain, and trading to identify and mitigate risks associated with commodity price fluctuations. They often coordinate with procurement teams to develop hedging strategies and ensure contracts align with risk tolerance, as well as with finance to analyze market trends and forecast potential exposures. Regular communication and cross-functional meetings are common to align strategies and maintain a holistic view of the organization's commodity risk profile.

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

AspectCommodity Risk ManagerCommodity Trader
CredentialsRisk management certifications, finance or economics degreesTrading licenses, finance or economics degrees
Work EnvironmentCorporate risk departments, energy, agriculture, or metals companiesTrading floors, financial institutions, commodity firms
Industry UsageFocus on risk mitigation and hedging strategiesFocus on buying and selling commodities for profit

While both roles involve commodities, the Commodity Risk Manager primarily focuses on managing and mitigating risks associated with commodity price fluctuations, whereas the Commodity Trader actively engages in buying and selling commodities to generate profit. The roles often overlap in industry and credentials but differ in their core objectives and daily activities.

What are the most commonly searched types of Commodity Risk jobs in New Jersey?

The most popular types of Commodity Risk jobs in New Jersey are:

What are popular job titles related to Commodity Risk Manager jobs in New Jersey?

For Commodity Risk Manager jobs in New Jersey, the most frequently searched job titles are:

What job categories do people searching Commodity Risk Manager jobs in New Jersey look for?

The top searched job categories for Commodity Risk Manager jobs in New Jersey are:

What cities in New Jersey are hiring for Commodity Risk Manager jobs?

Cities in New Jersey with the most Commodity Risk Manager job openings:

Infographic showing various Commodity Risk Manager job openings in New Jersey as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $99,535 per year, or $47.9 per hour.

$134K - $178K/yr

Full-time

Re-posted 4 days ago


Port Authority Of New York And New Jersey rating

8.3

Company rating: 8.3 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

276th of 848 rated public administrative organizations


Job description

Description
Position at The Port Authority of NY & NJ
Chief Estimator - Engineering Department, Port Authority of NY & NJ
Step into a defining leadership role at the Port Authority of New York & New Jersey as the Chief Cost Estimator and help shape one of the most ambitious transportation programs in the country. As the agency advances a transformative 10-Year Capital Plan-including next-generation airport terminals, major bridge and tunnel rehabilitations, PATH modernization, marine and port upgrades, and state-of-good-repair megaprojects-you will be the strategic force ensuring every investment is grounded in rigor, transparency, and world-class cost intelligence.
Why This Role Matters
The Port Authority is delivering some of the most complex, high-visibility infrastructure projects in the United States. This role offers a rare opportunity to elevate cost governance, strengthen estimating standards, and influence capital decisions that will shape mobility, resilience, and economic vitality for millions across the region for decades to come.
Chief Estimator Position Overview
The Chief Estimator serves as the Engineering Department's senior authority on construction and engineering cost intelligence and leads the Port Authority of New York and New Jersey's Engineering Estimating function, managing cost-governance frameworks and collaborates across Engineering, the PMO and business leadership to support successful project planning and delivery. The Chief Estimator is responsible for establishing estimating standards, overseeing the development of accurate and competitive project cost estimates, and providing strategic cost intelligence to support leadership decision-making.This position is responsible for developing accurate, defensible, and comprehensive cost estimates for large, complex engineering and infrastructure projects. The ideal candidate brings deep technical expertise, strategic insight, and a collaborative mindset to support planning, risk management, and cost control efforts while ensuring alignment with agency standards and client expectations.
Key Responsibilities:
Strategic Leadership
  • Lead the organization's estimating strategy, standards, and long-term vision. Provide executive-level guidance on cost implications, budget validation, and project feasibility. Support capital planning and organizational financial forecasting through cost intelligence.
  • Cost Governance & Quality Assurance
  • Develop and maintain standardized estimating methodologies, tools, templates, and workflows. Oversee the preparation and review of conceptual, preliminary, and detailed estimates. Ensure accuracy, consistency, and compliance with industry standards and client requirements.
  • Conduct independent estimate reviews for high-risk or high-value projects.

Market Intelligence & Cost Data Management
  • Maintain and enhance the organization's cost database, including historical data, productivity benchmarks, and market trends. Monitor commodity pricing, labor rates, escalation factors, and supply-chain conditions. Provide timely cost insights to support project planning and procurement strategies.
  • Technical Expertise & Oversight
  • Guide teams in quantity takeoffs, cost modeling, risk analysis, and contingency development.
  • Evaluate constructability, value-engineering options, and alternative delivery methods. Support project teams in identifying cost drivers, scope gaps, and estimating risks.
  • Cross-Functional Collaboration
  • Partner with engineering, project management, finance, procurement, and executive leadership to integrate cost considerations throughout the project lifecycle. Participate in design reviews, project kickoff meetings, and bid evaluations. Provide cost-related input during contract negotiations and procurement planning.

Risk Management
  • Lead cost-risk assessments and scenario modeling to support informed decision-making. Recommend contingency strategies and risk-mitigation approaches. Support project controls monitoring cost performance and identifying variances.

Team Leadership & Development
  • Manage, mentor, and develop the estimating team, fostering a culture of excellence and continuous improvement. Provide training on estimating tools, best practices, and industry trends.

Digital Optimization
  • Champion the adoption of modern estimating technologies, including BIM-integrated estimating, cost-modeling automation, and digital delivery workflows. Collaborate with Digital Solutions teams to enhance data-driven estimating practices.

Qualifications & Skills
Education and Experience
  • Bachelor's degree in Engineering, Architecture, Construction Management, or related field. Master's preferred.
  • 15+ years of demonstrable experience on large-scale engineering or infrastructure projects and other related construction experience, including:
  • Complex multi-disciplinary cost estimating associated with transportation, buildings, bridge, marine and utility systems,
  • Advanced cost-risk and contingency modeling, scenario analysis, escalation forecasting and probabilistic risk assessments
  • Independent cost validation for billion-dollar programs ensuring realistic, defensible and competitive budgets before procurement
  • Integration with engineering design and digital tools, WBS structures, BIM-linked estimating and historical; cost databases
  • 10+ years of progressive supervisory experience, performing management and oversight of senior to mid-level staff
  • Experience with estimating software (e.g., HCSS, Bluebeam, and other similar systems). Advanced knowledge of Microsoft Office software.
  • Strong Excel modeling and data analytics capability, including the ability to build and maintain cost databases/libraries desired.

Technical & Professional Skills
  • Strong analytical and numerical skills.
  • Deep understanding of construction methods, materials, and labor productivity.
  • Excellent written and verbal communication skills.
  • Ability to manage multiple priorities and meet tight deadlines.
  • Strong work ethic with an understanding of government service.
  • Skills for all levels of estimate completeness, from order of magnitude to contract documents. Ability to understand costs in difficult work environments and for historic preservation type work, including some familiarity with infrastructure construction and facilities in the New York City area.

Preferred Certifications
Certified Professional Estimator (CPE) as issued by the American Society of Professional Estimators (ASPE); or, equivalent certifications through the American Association of Cost Estimators (AACE International) or Royal Institute of Chartered Surveyors (RICS).
NOTE: This position will be located at 2 Montgomery St., Jersey City, NJ 07302, with frequent visits to other Port Authority offices, including 4 World Trade Center, New York City.
Selection Process
The application process varies by position but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.
Compensation, Benefits & On-Site Collaboration Requirements
The Port Authority of New York and New Jersey offers a competitive benefits package, hybrid work options for many positions, and a professional environment that supports development and recognizes achievement. Click here for more information about benefits, our culture, and career development opportunities.
The Port Authority of New York and New Jersey anticipates that the actual salary offered to a successful candidate will depend on aspects such as experience, knowledge, skills, abilities, and internal factors. The expected compensation range for this role is:
Salary Range: $ 191486 - $235,664
In accordance with Port Authority policy, this position permits employees to work remotely a maximum of one day per week. In person collaboration is essential to how the Port Authority conducts business, and regular in-office days or team collaboration days may be required on business needs.
How to Apply:Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications. Only applicants under consideration will be contacted.About The Port Authority:Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than twenty three billion in annual wages and eighty billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.Equal Opportunity EmployerThe Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.It is the Port Authority's policy, in accordance with the Americans with Disabilities Act (ADA) and other applicable laws, to provide reasonable accommodations to qualified persons with disabilities who are employees or applicants for employment and who request the Port Authority do so, unless providing the requested accommodation would result in an undue hardship to the Port Authority.Job applicants may request a reasonable accommodation (1) if they claim a disability is affecting the interview process, or (2) to ensure that if they are selected for a position, they can perform the essential job functions. To submit a request, please contact the recruiter or email the Human Resources Department's Disability Accommodation Coordinator at [email protected].The Port Authority will treat any request for Reasonable Accommodation by a job applicant confidentially.

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