Commodity Risk Manager Jobs in Northbrook, IL (NOW HIRING)

Procurement Manager – Commodities

Commodity & Market Risk Management:

• Monitor and analyze global and regional commodity markets to identify risks and opportunities impacting pricing and supply availability.
• Assess the effects of market volatility, geopolitical events, and supply chain disruptions on procurement strategies and business performance.
• Develop and implement risk mitigation strategies including hedging, forward contracts, and supply chain diversification.
• Build and maintain analytical models to forecast commodity trends and evaluate key cost drivers using market intelligence and historical data.
• Generate and present regular reports and dashboards summarizing commodity exposure, procurement performance, and mitigation actions to senior leadership.
• Partner cross-functionally with Finance, Operations, and other stakeholders to align risk management strategies with overall business objectives.

General Job Responsibilities:

• Lead end-to-end procurement activities including sourcing, negotiations, supplier selection, and contract management.
• Manage international and cross-border sourcing activities, including logistics coordination for materials and services outside of the US and Canada.
• Develop and execute procurement strategies that optimize costs, improve supplier performance, and support organizational goals.
• Implement strategic sourcing processes including RFIs, RFQs, and RFPs, ensuring supplier selection aligns with defined criteria and business needs.
• Drive cost control and cost reduction initiatives while maintaining uninterrupted supply of goods and services.
• Partner with Finance and Continuous Improvement teams to develop annual operating plans, budgets, and cost savings pipelines; track performance and implement corrective actions as needed.
• Own standard cost development and analyze spend, market trends, and historical data to support financial planning and decision-making.
• Lead corporate and regional procurement initiatives from strategy development through execution.
• Collaborate cross-functionally with Operations, Supply Chain, Sales, R&D, Finance, Regulatory, and Quality teams to ensure alignment of procurement strategies with business objectives.
• Develop and maintain strong supplier relationships, represent the organization in negotiations, and identify new sources of supply to strengthen the supply base.
• Establish and manage supplier performance programs using KPIs, scorecards, and regular business reviews; drive continuous improvement and resolve supplier issues effectively.
• Maintain procurement policies, procedures, and best practices to ensure efficiency, compliance, and continuous improvement.
• Promote innovation, sustainability, and continuous improvement across the supply base.
• Partners with the Sustainability team to advance responsible sourcing practices and support environmental and corporate sustainability objectives

Required Competencies & Knowledge:

Knowledge/Skills Required:

• Bachelor\'s degree in finance, supply chain management, economics, or a related field.
• 3+ years of experience in commodity risk management, procurement, or related fields.
• Strong analytical and quantitative skills, including data analysis and modeling proficiency.
• Knowledge of commodity markets, pricing mechanisms, and supply chain dynamics.
• Familiarity with risk management tools, such as hedging and derivatives.
• Excellent communication and negotiation skills.
• Proficiency in relevant software tools and systems.
• Experience with SAP.
• Proficiency in MS Office, particularly Word, PowerPoint, and advanced Excel skills.
• Minimum of 5 years of strategic procurement experience in manufacturing, MRO, facilities, corporate services, or indirect categories.
• Familiarity with the food industry and manufacturing practices is an asset.

• Experience with sustainability programs is an asset; this role partners with the Sustainability team to advance responsible sourcing practices and support environmental and corporate sustainability objectives
• Conflict resolution experience.
• Prioritization skills based on short and long-term objectives.
• Data analysis and presentation to multiple organizational levels.
• Influence management skills.
• Change management skills.
• Project management skills.
• Effective verbal and written communication.
• Multi-tasking capability.
• Collaborative relationship-building with industry, trade, associations, regulatory agencies, and cross-functional staff.
• Demonstrated leadership in safety, quality, and policy adherence.
• Adaptability to a fast-paced environment.
  

The pay range for this full-time, salaried position is $97,210-$133,663/year. Individual base pay depends on work location and additional factors such as experience, job-related skills, and relevant education or training. The position is eligible for a discretionary annual incentive based on company and individual performance. We offer a comprehensive benefits package including health, dental, 401k and wellness benefits beginning on the first day of employment. 

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Maker\'s Pride is an Equal Opportunity Employer.