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Commodity Jobs in Chicago, IL (NOW HIRING)

Flender

Commodity Manager

Elgin, IL · On-site

Commodity Manager Company Description Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of ...

Flender

Commodity Manager

Elgin, IL

Commodity Manager Company Description Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of ...

Fionics

Desk Head - Commodity Options

Chicago, IL · On-site +1

Exciting opportunity to build a Commodity Options Desk within a highly successful Equity Options business at a leading international firm. Benefit from the industry's best payout structure for ...

Entegris

Lead Commodity Manager

Aurora, IL

Lead Commodity Manager The Role The Global SupplyChainteam is integral to enabling Entegris' global supply chain and business growth objectives-while meeting the requirements of some of the world ...

Entegris

Lead Commodity Manager

Aurora, IL · On-site

Lead Commodity Manager The Role The Global Supply Chain team is integral to enabling Entegris' global supply chain and business growth objectives-while meeting the requirements of some of the world ...

Flender

Indirect Commodity Manager

Elgin, IL

Indirect Commodity Manager Company Description Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability ...

Entegris

Lead, Commodity Manager

Aurora, IL · On-site

Lead, Commodity Manager The Role The Global Supply Chain team is integral to enabling Entegris' global supply chain and business growth objectives-while meeting the requirements of some of the world ...

Entegris

Lead, Commodity Manager

Aurora, IL

Lead, Commodity Manager The Role The Global SupplyChainteam is integral to enabling Entegris' global supply chain and business growth objectives-while meeting the requirements of some of the world ...

Hendrickson USA, LLC

Commodity Buyer

Woodridge, IL · On-site

$79K - $130K/yr

The Commodity Buyer will: * Lead material cost reduction activities for assigned purchased material. Expected to independently identify cost reduction opportunities on a regular basis. * Takes steps ...

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All JobsCommodity JobsCommodity Jobs in Chicago, IL

Commodity information

See Chicago, IL salary details

$37.6K

$101K

$164.8K

How much do commodity jobs pay per year?

As of Aug 2, 2026, the average yearly pay for commodity in Chicago, IL is $100,997.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $117,400.00 per year, depending on experience, location, and employer.

What jobs are there in commodities?

Jobs in commodities include roles such as commodity trader, analyst, broker, and risk manager, focusing on buying, selling, and analyzing physical goods like oil, metals, and agricultural products. These positions often require strong analytical skills, market knowledge, and familiarity with trading platforms and regulations.

What are commodities?

Commodities are basic goods or raw materials that are interchangeable with other goods of the same type. They are often used as inputs in the production of other products or services and are typically traded on exchanges. Common examples include agricultural products like wheat, livestock, energy resources such as oil and natural gas, and metals like gold and copper. The prices of commodities are determined largely by supply and demand dynamics in the global market.

What are the key skills and qualifications needed to thrive as a Commodity Trader, and why are they important?

To thrive as a Commodity Trader, you need a strong grasp of financial markets, analytical skills, and a relevant degree in finance, economics, or a related field. Proficiency with trading platforms, risk management systems, and data analysis tools like Bloomberg Terminal is typically expected. Excellent decision-making, negotiation, and stress management abilities help traders excel in fast-paced and high-pressure environments. These skills are crucial for making informed trades, managing risk, and securing profitable outcomes in volatile markets.

What are 5 examples of commodities?

Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. Examples include crude oil, gold, wheat, coffee, and natural gas. These are often traded on commodity exchanges and require knowledge of market prices and trading strategies.

Do commodity traders make good money?

Commodity traders can earn high salaries and bonuses, especially in large firms or with significant experience, as their income often depends on market performance and trading success. However, the profession involves high risk, long hours, and requires strong analytical skills and market knowledge. Compensation varies widely based on performance, experience, and the specific commodities traded.

What are some common challenges faced by commodity traders when managing market volatility?

Commodity traders often encounter significant market volatility due to factors such as geopolitical events, weather conditions, and changes in global supply and demand. Managing this volatility involves closely monitoring market trends, utilizing risk management tools like futures and options, and maintaining strong analytical skills to anticipate price movements. Effective communication with team members and staying informed about global economic developments are also crucial for navigating unpredictable markets. Being adaptable and proactive helps traders minimize risk and seize opportunities in a rapidly changing environment.

What is a job in commodities?

A job in commodities involves trading, analyzing, or managing physical goods such as oil, metals, or agricultural products. Roles often require knowledge of markets, risk management, and sometimes certifications like the Series 3 license. These jobs can be found in trading firms, banks, or commodity companies and may involve working in fast-paced, data-driven environments.

What is the difference between Commodity vs Commodity Trader?

AspectCommodityCommodity Trader
Primary FocusRaw materials or primary agricultural productsBuying and selling commodities for profit
Required CredentialsVaries; often includes industry-specific knowledgeKnowledge of markets, trading platforms, and sometimes certifications
Work EnvironmentFactories, farms, mines, or storage facilitiesTrading floors, offices, or online platforms
Industry UsageManufacturing, agriculture, miningFinancial markets, commodities exchanges

In summary, a Commodity refers to raw materials like oil, gold, or wheat, while a Commodity Trader specializes in buying and selling these commodities to generate profit. The trader's role involves market analysis, trading strategies, and understanding price fluctuations, whereas the commodity itself is the physical or digital asset being traded.

What are the most commonly searched types of Commodity jobs in Chicago, IL? The most popular types of Commodity jobs in Chicago, IL are:
What are popular job titles related to Commodity jobs in Chicago, IL? For Commodity jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Commodity jobs in Chicago, IL look for? The top searched job categories for Commodity jobs in Chicago, IL are:
Commodity jobs near you
Infographic showing various Commodity job openings in Chicago, IL as of July 2026, with employment types broken down into 91% Full Time, 3% Part Time, 3% Contract, and 3% Nights. Highlights an 89% In-person, 3% Hybrid, and 8% Remote job distribution, with an average salary of $100,997 per year, or $48.6 per hour.

Commodity Manager

Flender

Elgin, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago

Job description

Commodity Manager
Company Description
Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of mechanical components for 125 years.
We're now hiring a talented Commodity Manager for our team in Elgin, IL on a full-time basis. If you're eager for your next challenge, Flender is a great place to grow your career.
For more information on Flender, please see website: www.flender.com
Equal Employment Opportunity Statement
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, marital status, family responsibilities, pregnancy, genetic information, protected veteran or military status, other categories protected by federal, state, or local law, and regardless of whether the qualified applicants are individuals with disabilities.
Job Summary:
The Commodity Manager for Direct Materials leads sourcing and procurement for strategic direct material categories vital to our manufacturing operations. This role is responsible for supplier relationship management, contract negotiations, cost optimization, and risk mitigation. The Commodity Manager partners closely with Engineering, Operations, R&D, Product Management, and Finance to align procurement strategies with business objectives and drive value, innovation, and continuous improvement.
Job Responsibilities:
  • Strategic Sourcing: Lead sourcing, supplier selection, RFx processes, negotiations, and contract management for assigned direct material categories, in conjunction with corporate Global Commodity Management strategies.
  • Supplier Management: As Supplier Relationship Owner for strategic suppliers, build and maintain strong supplier partnerships. Oversee supplier performance, conduct regular reviews, resolve issues, and drive continuous improvement.
  • Cost Optimization: Build and manage value creation roadmaps - cost savings, avoidance, innovation, working capital, resilience. Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to-end sourcing events (RFI/RFQ/RFP). Negotiate pricing, terms, and value-added solutions. Develop should-cost and total cost of ownership models.
  • Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.
  • Contract Management: Draft, negotiate, and administer contracts with suppliers, ensuring compliance with legal, regulatory, and company requirements.
  • Cross-Functional Collaboration: Work closely with Engineering, Operations, Quality, Finance, and other teams to align procurement with business needs and support new initiatives.
  • Process Improvement: Evaluate and enhance procurement and sourcing processes. Drive continuous improvement using data analytics and KPIs.
  • Compliance: Ensure all procurement activities adhere to company policies, industry regulations, and ethical standards.

Required Knowledge/Skills, Education, and Experience:
  • Bachelor's degree in Supply Chain Management, Business, Engineering, or related field.
  • Minimum 5 years of procurement or sourcing experience, with focus on direct materials in manufacturing or engineering.
  • Experience with following commodities preferred: Roller bearings, steel castings, gears, hydraulics, machined parts, fasters/hardware.
  • Strong negotiation, supplier management, and contract administration skills.
  • Proficiency with ERP/procurement systems (e.g., SAP, Coupa) and data analysis tools (Celonis, SAP Analytics Cloud, Excel).
  • Professional certifications (CPSM, C.P.M., APICS, ASCM) are a plus.
  • Excellent communication, collaboration, and organizational skills.
  • Ability to manage multiple priorities in a fast-paced environment.

Flender as an employer offers:
  • Paid Time Off (18 Days)
  • Paid Holidays
  • Tuition Reimbursement
  • Medical, Dental, Vision, Life Insurance
  • Flexible Spending Account
  • Health Savings Account
  • 401k (6% Employer Match)
  • Employee Assistance Program

Your contact person(s) for this job posting is/are:
Jacob Stupec-Hernandez
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

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