Commodity Manager

Company: Stratas Foods
Location: Southaven
Posted on: May 15, 2022

Job Description:

Company Description

Stratas Foods LLC is the leading supplier of fats and oils to the Foodservice, Food Ingredients and Retail Private Label markets in North America and is a producer of quality bulk and packaged dressings, mayonnaise and sauces. Stratas Foods was formed in October 2008 as a 50/50 joint venture between ACH Food Companies (ACH) and Archer Daniels Midland (ADM).

Manufacturing facilities are located in Dallas and Houston, TX; Decatur and Quincy, IL; Englewood, NJ; Fresno, CA; Nashville, TN; and Valdosta, GA. Corporate offices are located in Memphis, TN. We are committed to maintaining a progressive workplace by utilizing the ideas, skills and talents of all of our employees. We strive to make Stratas Foods a great place to work and are building a team capable of meeting our business goals.

Job Description

The procurement/risk management position is responsible for the direction, planning and coordination of procurement and supply chain activities for assigned edible oils. The individual will purchase goods that support quality, cost, and service level standards, manage standards, manage business relationships with related suppliers and key industry personnel, continually evaluate the risk management strategies (including hedging and cash purchases) and execute plans to meet changing economic and competitive situations. This position will work with sales to develop customer risk management strategies, conduct market presentations and solidify Stratas Foods as the supplier of choice.

• Assist in the development and execution of procurement, hedging, and risk management strategies for all edible oils to minimize price risk exposure including contract management
• Provide supply and demand commodity input analysis, price forecasting, commodity research, and cost risk management for major commodity ingredients
• Provide Key Management with regular analysis and updates on commodity markets, risk strategies, and business impacts including both internal and external presentations
• Assist sales in development of customer risk management programs. Participate in customer visits as the commodity expert and present market analysis and forecasts.
• Tracks, monitors, and manage daily oil positions to insure all risk management strategies are fully met.
• Aggressively work with Operations, Sales, Marketing, Finance, and other key internal support areas to insure all are aware and working toward key department objectives
• Participate in supply chain activities
  Competencies
  
  Analytical Skills - Very critical in managing the business and identifying problems or opportunities. Synthesizes complex or diverse information. Uses intuition and experience to complement data.
  
  Business/Financial Acumen - This position involves P&L management and responsibility. Must understand financial implications of various business decisions. Displays orientation to profitability, works within approved budget.
  
  Interpersonal Skills - Position deals with many internal and external people, companies and positions. Must be able to establish relationships, foster teamwork and build consensus
  
  Communication Skills - will be actively involved in conveying information and ideas, both in written and verbal form. Strong presentation skills are a must.
  
  Strategic Thinking - Develops strategies to achieve organizational goals; Understand organization's strengths and weaknesses; Analyzes market and competition and adjusts strategic direction accordingly.
  
  Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well. Takes responsibility for subordinates' activities.
  
  Qualifications
  
  Education:
  
  Minimum BS/BBA in relevant academic field.
  
  Preferred BS/BBA in Agricultural Economics and/or MBA.
  
  Related Experience:
  
  Minimum of 5-7 years related commodity or futures trading and/or direct ag-based commodity procurement.
  
  Equipment/Software Skills
  
  Must have excellent experience and knowledge of Microsoft Office applications, especially Excel and PowerPoint
  
  Additional Information
  
  Essential Physical and Mental Requirements
  
  Physical: Normal level of routine activity. Must be able to travel at least 30% of the time. Must be capable of occasionally lifting boxes and other bulky items weighing approximately 30-50 pounds
  
  Sensory: Must be able to speak clearly and listen effectively. Generally good sensory skills in order to work effectively and give direction to technical services on projects
  
  Mental/Reasoning: Must be able to rationalize every situation and make recommendations. Must be able to analyze the business results and make directional changes as required
  
  Stratas Foods is an equal opportunity employer and will not discriminate against any applicant or employee in any manner prohibited by law, including but not limited to, on the basis of race or color, religion, gender, age, genetic information, national origin/ancestry, mental or physical disability, family status/marital status, sexual orientation, military/veteran status, and any other legally protected status. Associated topics: annuities, capital, commodities, fiduciary, fund, invest, market, nasdaq, purchase, s p

Keywords: Stratas Foods, Southaven , Commodity Manager, Executive , Southaven, Mississippi