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Procurement Analyst-Risk

City & State: 

Chicago, IL, US, 60654

60654
Job Category:  Procurement/Purchasing
60654

ARYZTA is a global baking company with a Passion for Good Food. We provide our retail and foodservice customers with a portfolio of bakery solutions so they can deliver memorable, delicious food to consumers. With operations in the United States, Canada, South America, Europe, Asia, Australia and New Zealand, ARYZTA has become a global leader in the baked goods industry and one of the largest specialty bakery companies in the world. Our leading bakery brands in North America include La Brea Bakery®, Otis Spunkmeyer®, and Oakrun Farm Bakery®. We have 58 state-of-the-art bakeries and kitchens around the globe, with 20 of those in North America, and are committed to driving innovation, predicting upcoming consumer trends and flavors, and exceeding our customers’ expectations. The Americas team champions the values of Integrity, Ownership, Customer Focus, Creativity and Care to help us deliver on People Safety, Food Safety, Quality and Collaboration.

 

 

Job Title

  • Procurement Analyst-Risk (Commodity Risk Management)

Location

  • Chicago, IL USA

Department

  • Procurement

Reporting to

  • Director, Procurement – Commodity Risk Management

 

Key Accountabilities

The Procurement Analyst-Risk is responsible for commodity, economic and quantitative research/ analysis to support the commodity strategy and risk management operations for ARYZTA.  This role will develop and enhance commodity risk management tools and models that allow for more effective strategy development and execution. The Analyst's responsibilities directly support business plans for the underlying commodities used in the procurement of ingredients and energy consumption.  This position is strategically important to delivering Procurement’s cost of goods budgets within stated annual goals and objectives, and is critical to the price stability of finished foods. 

 

Responsibilities

  • Support the business units through the development of commodity position reports, PPV models, and price forecasting tools.
  • Responsible for system and database development, and the maintenance of audit traceable transaction records used in executing commodity trades.
  • Regularly review impact of economic, trade flow and commodity movements, assessing trends and provide insights to Procurement team and business partners on underlying cost drivers.
  • Create regular commodity reports to monitor market dynamics and potential price impacts to various categories.
  • Contribute to the development of commodity risk management strategies.
  • Develop presentation tools to be used in the monthly Commodity Price Risk Management Committee meeting; these tools are vital in communicating and gaining consensus for  strategic hedging initiatives with the key Executive Leadership team members, including CFO and VP of Procurement
  • Consolidate views on variety of commodity markets for strategic category managers, procurement leadership, business unit leaders, and external customers.
  • Train and coach team members necessary for performance of duties and responsibilities.

 

Skills, Experience & Qualifications

  • Minimum Bachelor’s degree in Finance, Business, Applied Mathematics, Econometrics, Engineering or similar. 
  • 3 years of experience in applied research or modeling with an understanding of econometric techniques.
  • Demonstrate working knowledge and experience of commodity hedging within the food and agriculture, energy, or related industries.
  • Advanced knowledge in energy, agricultural, softs, metals and other commodity markets is a plus.
  • Strong analytical, business process analysis and problem solving capabilities
  • Persuasion skills
  • Ability to manage conflict
  • Drive for results
  • Business and financial insights
  • Customer Focus
  • Organizational savvy
  • Ability to manage ambiguity 
  • Effective written and verbal communication skills

 

 

 

 

 

ARYZTA is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.