Manager - Procurement Risk Management
Kellogg Company - Battle Creek, MI

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Manager - Procurement Risk Management - FIN000415 Grow with us by playing a key role in being an expert in commodity markets and the various financial derivatives utilized to protect the company from adverse and volatile price movements. You will be responsible to balance risk and opportunities of commodity costs with the long term goals of the business. Lead with us by developing risk management process for commodity categories utilizing similar derivative instruments while reporting directly to the Director of Risk Management.

WHAT WILL I BE DOING?
In your role as a Manager- Procurement Risk Management at Kellogg, you will be part of our success by:
  • Performing market research and data gathering from various industry, government, and trade sources on Kellogg commodity exposures with a primary focus on corn, wheat, soybean oil, palm oil, sugar, oats, natural gas, diesel fuel, and cocoa
  • Maintaining internal Kellogg Supply & Demand data
  • Maintaining database for various macro economic data inputs
  • Assisting with data collection, modeling, analysis, and reporting of quantitative exercises that pertain to commodity risk exposure.
  • Assisting in Creating and Editing various Kellogg Commodity Risk Management reports for strategic and corporate risk groups
  • Creating and presenting supply demand presentations to strategic buying group and other various internal groups
  • Communicating market information to strategic buyers, procurement leadership, upper management, and business unit leaders
  • Constructing appropriate hedge recommendation of futures / options to minimize cost and manage risk of minor Kellogg commodity exposures
  • Execution of derivative strategies with counterparties (Commodity brokers, banks, suppliers)
WHAT DO I NEED TO DEMONSTRATE?
As well as a hunger to learn and succeed in Finance, to be considered for this position you must be able to meet the following requirements:

Required
  • Bachelor’s Degree in a Ag economics or business related field and/or relevant work experience
  • Demonstrated strong analytical capability in commodity research and/or trading
  • Ability to link commodity fundamentals with macro-economic factors driving potential price changes
  • Demonstrate knowledge of agriculture and energy supply & demand fundamentals
  • Basic understanding of financial derivatives (futures, options, and OTC instruments) used to hedge price exposure and full understanding of the impact to the company financial statements
  • Proficient usage of Excel and Power point, Statistical analysis, Option price modeling, and commodity quote system software
  • Ability to work in conditions where there are multiple and changing priorities, specific time constraints, and extended work hours
  • Strong communication and time management skills to handle multiple requests and deadlines effectively
  • Advanced proficiency with Microsoft Office and proficient knowledge of enterprise resource planning (ERP) and other financial planning systems
  • Advanced analytical, problem solving, decision making, and communication skills and a detail orientation
  • Good leadership skills
Preferred
  • Master’s Degree in Ag economics or Finance/Business related field and related work experience
  • CPG hedging experience
  • Strong background and experience in physical and financial commodity markets, products and instruments
  • CPA/CMA Certification
  • SAP experience
WHAT ELSE DO I NEED TO KNOW?
  • There is occasional travel required in this position.
Kellogg Company is an Equal Opportunity Employer who strives to provide an inclusive work environment that involves everyone and embraces the diverse talent of its people.

Where required by state law and/or city ordinance; this employer will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee’s Form I-9 to confirm work authorization. For additional information, please follow this Link for English or this Link for Spanish.

About this company
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In 1906, W.K. Kellogg saw a better way. Healthier food and a healthier work place. “I’ll invest my money in people,” W.K....