What are the responsibilities and job description for the Associate Director of Commodities and Risk Management position at DBF Resources LLC?
Associate Director - Commodity Risk Management
This position reports to the Senior Director of Procurement. Local candidates preferred, but relocation can be provided for stellar candidates.
Responsibilities :
- Manages all aspects of spend related to commodities including beef, soybean oil, flour, pork, chicken, cheese, eggs, and energy across four manufacturing plants
- Manage and mentor one team member
- Works closely with suppliers and internal operations and other departments to ensure that commodity materials are available to support manufacturing operations
- Act as the subject matter expert on CRM- analyze supply markets, develop risk management strategies, and build consensus on execution plans with stakeholders
- Works closely with Finance to report on the financial impact of risk management actions.
- Analyze supply markets, assess physical and financial risk to company, and forecast prices of commodities using fundamental and technical analysis.
- Prepare and present detailed reports to senior leadership of commodity markets and their risks. Recommend comprehensive risk management strategies to mitigate market risks and achieve Annual Business Plans. Drive consensus on risk management strategy and execute strategy.
- Monitor and report on all hedging activities, ensuring compliance with company policies and industry regulations. Periodically report out on CRM activities to the internal Commodity Risk Management Committee
- Develops and maintains category strategies for each commodity area ensuring that the company is well positioned in supply markets with the right suppliers. Maintains robust plans to protect company from physical supply risk. Conducts sourcing events and contracts with suppliers. Develops and maintains price change mechanisms.
- Collaborates with R&D to identify new sources of supply and manage material specifications.
REQUIREMENTS :
