Commodity Analyst / Jr. Commodity

Sedgwick

237d

About The Position

The Commodity Analyst is responsible for analyzing and forecasting trends within specific classes of goods or services. This role involves monitoring trends, presents risks and opportunities to their manager, and supports price and contract negotiations.

Requirements

• Bachelor's degree in business administration, Supply Chain from an accredited college or university preferred.
• Two plus (2+) years of related experience or equivalent combination of education and experience required.
• Experience with P2P platforms and/or Power BI helpful but not required.

Nice To Haves

• IIBA, CIPS or CPSM helpful but not required.

Responsibilities

• Conducts market research to identify risks and trends and reviews possible opportunities in commodity sourcing.
• Monitors fluctuations in commodity prices, analyzes spending patterns and identifies opportunities for cost reductions without compromising quality.
• Supports supplier negotiations by documenting and summarizing changes, ensuring the system is updated accordingly.
• Analyzes supplier performance by checking if they meet cost-saving goals.
• Establishes and maintains relationships with suppliers to ensure reliable and sustainable commodity sourcing.
• Maintains the documentation of contracts, request for proposals (RFPs), supplier agreements, and processes.
• Partners on sourcing projects that require collaboration across various teams and departments.
• Stays abreast of industry news, market trends, and regulatory changes that could affect commodity prices.

Benefits

• Career development and promotional growth opportunities
• A diverse and comprehensive benefits offering including medical, dental vision, 401K, PTO and more

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree