Commodity Risk Manager

We are hiring Rockstars to join our Sauer Brands team!


Job Summary:
The Commodity Manager for Sauer Brands is responsible for the strategic procurement of various agricultural commodities consumed within the manufacturing process. The successful candidate will serve as Sauer Brand’s subject matter expert on commodities and their associated markets, working to strategically procure materials, mitigate market risks while optimizing costs, and advise senior leadership of pending opportunities and obstacles. As a Sauer Brands team member, the candidate will execute special projects, initiatives as assigned, accept safety as a condition, and support factory operations. This role reports to the VP, Procurement.

Key Duties and Responsibilities:
• Strategically procure Soybean Oil, Sugar, Eggs and other commodities.
• Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies and supplier management strategy) to deliver business objectives.
• Identify and manage connectivity with functional stakeholders and suppliers.
• Manage stakeholder engagement and alignment throughout the end-to-end sourcing and risk management process.
• Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities.
• Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations in partnership with the Finance team.
• Create and maintain reports for category and market risk, trade activities and compliance documentation.
• Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts to senior leadership.
• Monitor market dynamics and make coverage recommendations to optimize value in commodity markets. Analyze trends in commodity markets.
• Maintain physical and financial commodities positions in compliance with Commodity Risk Policy.
• Provide financial planning and budgeting support for projected costs
• Strategically identify cost savings opportunities
◦ Identify alternate sources of supply
◦ Identify waste and seek opportunities for cost reduction in the supply chain

Performance Standards (the criteria used to evaluate performance):
• Full Production Line Support
◦ No unplanned line shortages or shutdowns
• Cost Control/Cost Savings
◦ Meet or exceed defined KPIs for cost control savings
▪ COGS reduction
• Cash Conversion Metrics
◦ Inventory Optimization
◦ Extended Supplier Terms
• Culture Support/Building
◦ Fully support Safety Initiatives at SBI
◦ Participation in safety activities (active in meetings, Safety MyVoice, and Training)
◦ Promote safety as a condition
◦ Organizational Health KPIs
• Objectives and Behavioral Expectations
◦ Leadership and contribution to the overall success of SBI
◦ Personal effectiveness-meeting timelines and productivity requirements (quantity and quality of work)
◦ Personal interaction, communication, and teamwork with internal and external parties, consistent with Sauer Brands values

What We Are Looking For:
• Characteristic Requirement:
◦ Professional Demeanor
◦ Demonstrate excellent negotiation, problem solving and conflict resolution skills
◦ Customer-centric mindset
◦ Energetic, and results-oriented personality
◦ Self-Confident in abilities and independent decision-making
◦ Accountability
◦ Communicate clear, concise facts comfortably
◦ Smart, creative and inquisitive
◦ Integrity-Does the right thing even when no one is looking
◦ Disciplined approach and accountability for KPIs.
◦ No excuses mindset. Accountable and reliable.
◦ Dependable team player with a positive attitude
◦ Passion for the organization, and attention to details
◦ Personal values that mesh with SBI values
◦ Detailed oriented
◦ Ability to reconcile and manage multiple tasks/objectives
• Performance History Requirement:
◦ Documented history of making bottom line improvements with solid decision making
◦ Stellar references based on contributions and performance
• Skills Requirement:
◦ Proficient in Outlook, Word, Excel, and PowerPoint
◦ Ability to work and thrive under time constraints and juggle/prioritize responsibilities
◦ Strong project management skills with the ability to lead cross-functional initiativ