Commodity Price Risk Manager

Sazerac Company • Louisville, KY

9d • Hybrid

About The Position

As the North American Bulk Spirits & Ingredients Procurement Category Manager (Commodities Price Risk Manager), you will play a crucial role in the Procurement function, responsible for managing the sourcing, contracting, and supplier management activities specific to our North American Spirits, Sweeteners, Flavors and Grains categories. Your expertise and strategic approach will contribute to the success of our organization by ensuring the availability of high-quality products, optimizing costs, and maintaining strong supplier relationships. This role will have +$200M in Spend Under Management and two Direct Reports. As the North American Bulk Spirits & Ingredient Procurement Category Manager, you will have the opportunity to make a significant impact on our organization's procurement practices and contribute to our overall success. Your expertise and strategic thinking will play a vital role in ensuring the availability of high-quality spirits products while driving cost efficiencies and maintaining strong supplier partnerships. R elocation to Louisville, KY is available!

Requirements

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field is required.
• Proven experience (5-10 years) in procurement, category management, or strategic sourcing, preferably within the spirits, beverage or CPG industry.
• Must have a strong experience in leveraging commodities.
• Strong knowledge of market trends, production processes, and supplier landscape.
• Demonstrated negotiation skills with a track record of achieving cost savings and driving supplier performance.
• Analytical mindset with the ability to conduct market research, analyze data, and make data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and build relationships with suppliers.
• Proficiency in Microsoft Excel with business acumen, including: o Advanced formulas (e.g., nested formulas, array functions, etc.) o Pivot tables and Power Query
• Hands-on experience with Power BI including DAX, data modeling, and data visualization.
• Data validation and dynamic dashboards
• Fluent in English and Spanish
• Ability to travel (up to 25%)
• Valid Passport

Nice To Haves

• Advanced degree or professional certifications (e.g., CSCP, CPSM) is a plus.

Responsibilities

• Category Strategy: Develop and implement comprehensive category strategies, aligned with the organization's goals and objectives. This includes conducting market analysis, identifying trends, and assessing supplier capabilities to drive innovation and competitive advantage.
• Supplier Management: Evaluate and select suppliers based on criteria such as quality, reliability, cost, and sustainability. Establish and maintain strong relationships with suppliers, negotiating contracts and terms to secure favorable pricing, volume discounts, and service level agreements.
• Sourcing and Contracting: Lead the sourcing process for our Grain Neutral Spirits, Sweeteners, Flavors and Grains portfolios. Duties would include RFx preparation, bid evaluation, and supplier selection. Collaborate with cross-functional teams to ensure the products meet quality standards, comply with regulatory requirements, and achieve cost savings.
• Risk Management: Identify and mitigate potential risks associated with the categories. Monitor market trends, pricing fluctuations, supply chain disruptions, and regulatory changes to develop contingency plans and ensure business continuity.
• Performance Monitoring: Establish key performance indicators (KPIs) to track supplier performance, quality metrics, and cost savings achieved. Generate regular reports and provide insights to stakeholders, driving continuous improvement and identifying areas for optimization.
• Stakeholder Collaboration: Collaborate closely with internal stakeholders, including Marketing, Operations, Planning and Finance teams, to understand their requirements and align procurement strategies accordingly. Act as a trusted advisor, providing insights and recommendations to support their business objectives.

Benefits

• Competitive Pay
• Comprehensive Benefits from Day One including medical, dental, vision, disability, and life insurance.
• Family Coverage: Options to cover family members, including domestic partners.
• 401(k) Plan: Immediate access to a matching 401(k) plan.
• Flexible Time Away: Enjoy paid time off (PTO), holidays, and parental leave.
• Mental Health and Wellness: Access to mental health care and wellness incentive programs.
• Educational Support: Benefit from tuition reimbursement and our scholarship program for dependents of Sazerac team members.
• Fun Extras: Enjoy branded apparel, fun events, and a team member bottle purchase program.
• Training and Development: Opportunities for professional growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees