This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
The Manager Procurement - Commodities & Risk drives the development of best procurement practices, including commodity risk management/mitigation, sourcing strategy definition, deployment, and stakeholder management (Directors and VPs) to maximize total value contribution and fuel the growth of LW. Drives the Procurement value contribution to Lamb Weston while ensuring compliance with policies, strategies, and processes. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical. Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, Source to Pay (STP) fundamentals, factory environments, and risk mitigation strategies. A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement: category and sourcing strategy development, negotiation, contracting, supplier management, and analysis. The role will be responsible for strategy implementation, negotiation and contracting within assigned categories.
Job Responsibility
Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs
Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and STP strategy) to meet regional and global business expectations
Manage alignment and deployment of global strategies and financial plans
Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams
Manage stakeholder engagement and alignment throughout the end-to-end sourcing process
Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities
Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations
Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold
Ensure standardization of processes and tools in coordination with other Spend Towers
Coordinate delivery of assigned regional and global KPI's
Be a point person responsible and accountable for delivery of goals for commodity procurement
Collect, manage, and report external market intelligence
Provide insights and report on commodity performance, trends, and forecasts
Monitor market dynamics and make coverage recommendations to optimize value in commodity markets
Analyze trends in commodity markets
Maintain physical and financial commodities positions in compliance with Commodity Risk Policy
Other duties and responsibilities may be required and/or assigned as necessary
Requirements
Bachelor's degree in Supply Chain, Business, or Finance required
10+ years related experience in all aspects of sourcing processes, including agricultural commodity risk management, contract negotiation, and project management
Demonstrated success in people/team management
Experience in Agricultural Commodity Risk Management and Trade Strategies to mitigate financial and operational risk, as specifically applied to vegetable oils, corn, wheat, dairy, natural gas
Experience working with diverse executive leaders and proven ability to develop agreement of priorities
Demonstrated interpersonal, verbal, and written communication skills to interact and consult with all levels in the business units as well as external suppliers
Ability to manage projects, work under pressure and meet agreed and often tight deadlines
Proven ability in building and managing strategic plans and annual budgets
Outstanding organizational, multi-tasking, and prioritization abilities
an excellent attention to detail
Excellent analytical skills, Excel proficiency, and familiarity with market analysis platforms (Eikon, Bloomberg)
Highly motivated and ability to work independently and as part of the team
Nice to have
MBA or CPSM/ CPM certification preferred
What we offer
Health Insurance Benefits - Medical, Dental, Vision
Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts
Well-being programs including companywide events and a wellness incentive program
Paid Time Off
Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance
Family-Friendly Employee events
Employee Assistance Program services – mental health and other concierge type services