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Head of Risk Commodity Management

Employer
Procurement Heads
Location
Hertfordshire
Salary
£80-85,000 + £6,000 car allowance + 15% bonus + 10.5% pension (total contribution)
Closing date
4 Mar 2021

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Specialist Area
Procurement
Sector
FMCG
Function
Lead
Contract Type
Permanent
Hours
Full Time

Job Details

A reputable FTSE 250 FMCG organisation with an exciting approach to sustainable Procurement is seeking a Head of Commodity Risk Management as part of its expanding Procurement Leadership Team.

Reporting to the CPO in a standalone role, you will lead the function’s approach to managing the financial risk associated with indirect and direct Procurement. Working collaboratively with Finance, Tax and Treasury, you will develop the company’s approach towards the financial risk management of a host of commodities. 

Working with the Category Management Team, you will provide subject matter expertise into commodity market analysis and the selection of financial instruments, and develop recommendations for managing risk.

As Head of Commodity Risk Management your key responsibilities will be:

Risk Management:

  • Leading the analysis of commodity markets 
  • Identifying opportunities to implement risk management solutions
  • Managing commodity exposure for sourced raw materials and ingredients
  • Reporting on and tracking all commodity exposure
  • Development Risk Management Policies with Finance and Treasury
  • Pricing of commodities and development of risk management strategies with Category Managers
  • Identifying and recommending the use of instruments to manage financial risk
  • Execution of agreed risk management strategies
  • Tracking and reporting performance implemented risk management strategy
  • Recommend pricing levels LRP and annual business planning process
  • Developing commodity price tracking capability and providing updates to internal stakeholders.

Governance:

  • Development of governance structures with Tax and Treasury in accordance with Company Risk Management Policy
  • Lead Commodity Risk Management committee meetings and preparing all relevant documentation informing committee decisions and strategy relating to pricing, timing and coverage
  • Execute, track and report performance of agreed risk management strategies

Stakeholder engagement:

  • Internal and external champion for Commodity Risk Management 
  • Own commodity reporting process to all internal stakeholders 
  • Build network all relevant internal and external stakeholders

Skills and experience:

  • Experience of managing portfolio commodities (experience of metals, plastics, fuel and soft commodities)
  • Extensive knowledge of financial instruments for risk management
  • A broad network of contacts with commodities / financial sector
  • Proven ability to build analytical and reporting tools
  • Category management experience and an understanding of procurement 
  • A good understanding of core procurement and sourcing processes 
  • Developed analytical skills use of access databases and advanced Excel
  • Demonstrated success working in a cross-functional team environment is essential

Benefits of the Head of Commodity Risk Management role include:

  • £80-85,000
  • £6,000 car allowance
  • 15% bonus
  • 10.5% pension (total contribution)
  • 25 days holiday

Company

PROCUREMENT HEADS ICON [square]

Procurement Heads is all about getting to know great Procurement Professionals and bringing them together to make outstanding Procurement teams.

With a proven track record of delivery, we support people through the life-cycle of their careers, providing an end-to-end consultative service. We partner with many prominent brands and organisations, sourcing Procurement talent using industry-leading tools and techniques. Focussed and proactive, our methodology provides a comprehensive assessment of your needs and tailors solutions to meet them. The ability to identify and attract the best people across all sectors, often involves us designing and managing bespoke campaigns.

Our purpose...

To deliver recruitment as a professional service.

We engage with leaders across procurement, HR and executive functions to make their organisations successful. More than just a recruitment company, we provide a suite of talent solutions tailored to your business needs.

Our values

Rewarding relationships

For us, it’s personal. Relationships are pivotal to our existence and we place great value on their development. We encourage collaboration through our unique referral scheme ‘The Heads Up’ and are driven by a desire to build deep long-standing partnerships. Our goal is to act as an ambassador for the teams and individuals we support.

Exceeding expectations

More than just a recruitment company, we engage with leaders to deliver the unexpected when it comes to sourcing talent. Going beyond ‘filling the role’, we advise, challenge, champion and are innovative in the value-add solutions we provide.

Doing the right thing

Doing the right thing is not difficult. Knowing what the right thing is, that’s where we come in. Everyone has a responsibility for the choices they make. We pledge to lead the way by championing Equality, Diversity & Inclusion and Sustainability.

Our team of experienced Procurement consultants are on hand to support you with your Procurement career.

Address: The Corner, Gordon Rd, Winchester SO23 7DD

Tel: 01962 869 838

Website: https://www.procurementheads.com/

Company info
Website
Telephone
01962 869 838
Location
Heads Resourcing Group,
West Wing, Ground Floor,
Burlington House, Hedge End
Southampton
Hampshire
SO30 2AF
United Kingdom

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