Dir Comm and Risk Management

ACH Food Companies, Inc.•Oakbrook Terrace, IL

9d•Hybrid

About The Position

Serves as the head of the commodity and risk management for ACH Food Companies. Responsible for the direction, planning and coordination of strategic sourcing and hedging activities for major commodities of all ACH business units. Manages risk for Soy, Corn, and Canola oil, corn, as well as packaging, energy, and diesel. Manages business relationships with strategic suppliers and continually evaluates the timely adjustment of sourcing strategy and plans to meet changing economic and competitive situations in a timely manner. Leads the Commodity Risk Management Committee (CRMC) meetings. Responsible for supply and demand analysis, price forecasting, hedging and cost risk management for all major commodities in alignment with ABF standards, policies, and guidelines.

Requirements

Bachelor’s degree in finance, management, or a relevant academic field.
10-15 years of related commodity and risk management experience. Strong knowledge of strategic sourcing principles and contractual language. In depth knowledge of the edible oils market. Knowledge of the renewable energy markets preferred.
ION/TriplePoint

Nice To Haves

Certified Purchasing Manager (CPM) certification preferred

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.