Commodity Manager

Tesco Hungary; Welwyn Garden City; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

A leading company is seeking a Commodity Manager to join their team in the UK. This role involves managing agricultural raw materials, developing pricing strategies, and working closely with a range of stakeholders to drive efficiencies and manage risks within the supply chain. The ideal candidate will have a strong background in buying and procurement, with a focus on commodity markets.

Qualifications

• Strong buying and procurement experience within commodity sector.
• Evidence of developing a product area strategy.
• Understanding of country and global supply chain products.

Responsibilities

• Managing key agricultural raw material exposure and executing pricing strategies.
• Developing price risk management strategies based on market research.
• Building relationships with internal and external stakeholders.

Skills

Commodity market knowledge

Buying and procurement experience

Developing a product area strategy

Understanding of global supply chain products

Negotiation skills

Supplier management experience

Stakeholder management skills

Data Analysis

Job description

Are you passionate about commodities, retail and the economics of global supply chains?

We have a unique opportunity to join our team here at Tesco as a Commodity Manager.

The Commodity Price Risk Management team at Tesco is at the leading edge of commodity risk within the retail sector. The role provides a fantastic opportunity to grow in a fast-paced environment and help to reshape the way we work with suppliers, manage risk and drive efficiencies across the business.

This role will require the successful candidate to have strong buying and procurement experience within commodity sector, evidence of developing a product area strategy and an understanding of country and global supply chain products.

• Managing key agricultural raw material exposure (P&L, cover positions) and executing pricing strategy collaboration with Suppliers
• Developing price risk management hedging strategies and solutions based on market research, managing cover positions as well as P&L reporting
• Develop Market Intelligence across key commodity markets
• Develop and lead Data Science programme (Price and S&D forecast) across key Commodities
• Lead Macro intelligence Research
• Working with buying team, forecasting and managing budgets effectively, through commodity cover strategy
• Developing and maintaining relationships with key internal and external stakeholders (traders, commodity house, suppliers, banks..)
• Identifying commodity risk management best practice in the industry and suppliers
• Identifying Commodity risk and developing partnership models and ways of working with supplier partners.
• Working with commercial, responsible sourcing and agricultural teams to support Tesco Sustainable Farming Groups (TSFGs) and environmental initiatives
• Adhering to all Tesco policies, storage and handover protocols and successfully completing all my training so that I have zero GSCOP breaches
• Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within my team
• Following our Business Code of Conduct and always acting with integrity and due diligence

• Commodity market knowledge
• Buying and procurement experience within commodity sector
• Developing a product area strategy
• Understanding of country and global supply chain products
• Negotiation skills
• Supplier management experience
• Stakeholder management skills
• Data Analysis

Key People and Teams you will work with:

• Buying Managers
• Finance, Treasury
• Sustainability and Agricultural teams
• Suppliers, commodity suppliers, trading companies & industry analysts
• Data Science and Technology

Budgets you will be responsible for:

• Tracking and ensuring reporting in Finance, and commodity governance reports

#LI - EF1

#LI - Hybrid

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