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ACH Food Companies, Inc. · 1 day ago

Dir Comm and Risk Management

Oakbrook Terrace, IL

Full-time

Hybrid

Director/Executive

$205K/yr - $268K/yr

10+ years exp

ACH Food Companies, Inc. is a leading consumer packaged goods company specializing in cooking oils and baking ingredients. The role of Director of Commodity and Risk Management involves overseeing strategic sourcing and hedging activities for major commodities, managing supplier relationships, and ensuring compliance with industry standards.

AgricultureConsumer GoodsFood and Beverage

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 analysisION/TriplePointNegotiation skillsCertified Purchasing ManagerCommunication skillsTeam leadership