Manager Procurement - Commodities & Risk

About Lamb Weston

You’ve probably enjoyed our fries without even knowing it! As a leading manufacturer in our industry, and public Fortune 500 company, we inspire and bring people together with foods they love and trust. Our customer base includes international food service providers, restaurants, and households in over 100 countries around the world.

A highly innovative global corporation with a start-up mindset, we empower every individual to make a genuine difference. You’ll gain access to hands-on training to fuel your growth and success, explore opportunities for new solutions, and you’ll join a winning team of 10,000+ people all dedicated to raising the bar – together.

If you have a strong drive for results, a desire to help us bring the world together through our fries, and are ready for a fresh challenge, we want to hear from you.

Job Description Summary

Job Description

• Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs.
• Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and STP strategy) to meet regional and global business expectations.
• Manage alignment and deployment of global strategies and financial plans.
• Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams.
• Manage stakeholder engagement and alignment throughout the end-to-end sourcing 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.
• Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold.
• Ensure standardization of processes and tools in coordination with other Spend Towers.
• Coordinate delivery of assigned regional and global KPI’s.
• Be a point person responsible and accountable for delivery of goals for commodity procurement.
• Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts.
• 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
• Other duties and responsibilities may be required and/or assigned as necessary.

Basic & Preferred Qualifications

Education/ Certifications:

• Bachelor’s degree in Supply Chain, Business, or Finance required.
• MBA or CPSM/ CPM certification preferred.

Skills and Experience:

• 10+ years related experience in all aspects of sourcing processes, including agricultural commodity risk management, contract negotiation, and project management.
• Demonstrated success in people/team management
• Experience in Agricultural Commodity Risk Management and Trade Strategies to mitigate financial and operational risk, as specifically applied to vegetable oils, corn, wheat, dairy, natural gas
• Experience working with diverse executive leaders and proven ability to develop agreement of priorities
• Demonstrated interpersonal, verbal, and written communication skills to interact and consult with all levels in the business units as well as external suppliers.
• Ability to manage projects, work under pressure and meet agreed and often tight deadlines.
• Proven ability in building and managing strategic plans and annual budgets.
• Outstanding organizational, multi-tasking, and prioritization abilities; an excellent attention to detail.
• Excellent analytical skills, Excel proficiency, and familiarity with market analysis platforms (Eikon, Bloomberg)
• Highly motivated and ability to work independently and as part of the team.

Functional Capabilities:

• Strategic sourcing
• Commodity risk management
• Supplier selection and contracting
• Supplier relationship management
• Stakeholder influencing

Physical Environment/Demands:

• Some travel may be required (% of time if significant)
• Most work is performed in a temperature-controlled office environment
• Incumbent may sit for long periods of time at desk or computer terminal
• While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear.
• Incumbent may use calculators, keyboards, telephone and other office equipment in the course of normal workday
• Stooping, bending, twisting and reaching may be required in completion of job duties

Industry-Competitive Benefits

Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.  Some of the most attractive elements of our benefit programs include:

• Health Insurance Benefits - Medical, Dental, Vision

• Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts

• Well-being programs including companywide events and a wellness incentive program

• Paid Time Off

• Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance

• Family-Friendly Employee events

• Employee Assistance Program services – mental health and other concierge type services

Benefits may vary based on location, job role/level, job status, and/or the terms of any applicable collective bargaining agreements.

Anticipated Close Date

Pay Transparency

Equal Opportunity Employer

Lamb Weston is an Equal Opportunity Employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status or any other protected factor under federal, state or local law