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ACH Food Companies, Inc. · 7 hours ago

Director, Commodity and Risk Management

Oakbrook Terrace, IL

Full-time

Hybrid

Director/Executive

$205K/yr - $268K/yr

10+ years exp

ACH Food Companies, Inc. is a prominent consumer packaged goods company specializing in cooking oils and baking ingredients. The Director of Commodity and Risk Management is responsible for the strategic sourcing and hedging activities for major commodities, managing risk, and fostering supplier relationships to support the company's business objectives.

AgricultureConsumer GoodsFood and Beverage

Hiring Manager

Jana Ratz

Responsibilities

Manages and directs the supply/demand price forecasting and cost risk management for raw material commodity underliers

Establishes hedging strategies with the support of industry systems & tools

Directly executes actual trades and contracts in commodities and options

Establishes and develops supplier relationships that support a favorable business environment

Manages relationships by establishing parameters for performance and expectations

Remains involved and supported business unit marketing efforts by attending meetings and serving as a resource for the decision-making process

Performs market analysis, including reporting on commodities production, weather, supply and demand variables, market intelligence and provides risk mitigation and margin enhancement strategies

Drive cost reductions through negotiations, leveraging opportunities, multi-sourcing and sound risk management principles

Establishes and maintains professional relationships with commodity industry experts to identify opportunities for enhanced commodity risk management strategies and tactics

Helps and provides guidance to the Mexico team with commodity & foreign exchange hedging strategies, and supplier relationship management

Manages hedging for packaging materials as well as diesel as applicable

Negotiates contracts and directs the Request for Quote (RFQ) process from draft through final negotiation, when applicable in the commodity market

Ensures departmental compliance with Federal Anti-trust laws

Coordinates interface and activity with ABF Global Procurement and Treasury groups

Other tasks and duties as assigned

Qualification

Commodity risk managementStrategic sourcingPrice forecastingSupplier relationship managementMarket analysisHedging strategiesION/TriplePointCertified Purchasing ManagerNegotiation skillsCommunication skills