Section Manager , Commodity Management | alfanar Electric

alfanar Group; Riyadh; On-site; SAR 80,000 - 120,000; Full time

Job summary

A leading construction and manufacturing firm in Riyadh is seeking a Commodity Analyst to analyze market trends and provide strategic insights. The ideal candidate will have 6 to 10 years of experience and a Bachelor’s degree in Accounting and Finance or a relevant field. Responsibilities include conducting market analysis, risk management, and collaborating across departments. This role offers opportunities for professional growth in a dynamic environment.

Qualifications

• 6 to 10 years of relevant work experience.
• Ability to work under pressure and troubleshoot effectively.
• Strong problem-solving skills and attention to detail.

Responsibilities

• Analyze market trends and economic conditions for strategic insights.
• Conduct risk assessment and develop mitigation strategies.
• Collaborate with cross-functional teams to align strategies with business goals.

Skills

Risk Assessment

Analytical thinking

Communication

Teamwork

Time Management

Report writing

Education

Bachelor Degree in Accounting and Finance or relevant field

Tools

MS Office

Job description

Overview

Requisition ID: 13623

Location: C. Supply Chain

Group overview:

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.

alfanar is involved in:

• Electrical, Electromechanical and Civil Engineering Construction
• Manufacturing and Marketing Electrical Construction Products
• Allied Engineering Services

Our Main Divisions:

• alfanar electric
• alfanar Construction
• alfanar Building Systems

alfanar electric is the industrial arm of alfanar, manufacturing a variety of low, medium and high voltage electrical construction products.

alfanar electric operates industries in:

• Riyadh and Jubail, Saudi Arabia
• Dubai, UAE
• London, UK

alfanar has a development and engineering center in Chennai, India.

Industrial Complex, Riyadh

The center of alfanar’s industrial activities is alfanar Industrial Complex situated in the Third Industrial Zone on Al-Kharj Road, Riyadh.

Spread across 700,000 square meters, the Complex houses alfanar’s facilities.

The Complex has a comprehensive infrastructure including a data and communication center as well as a commercial zone.

Job Purpose

Analyze market trends and economic conditions to provide strategic insights for commodity investments and procurement. Evaluate risks, develop forecasts, and optimize strategies to ensure cost efficiency and capitalize on market opportunities. Leverage data analysis techniques and collaborate with teams to align commodity strategies with business goals.

Key Accountability Areas

• Market Analysis and Research
• Conduct in-depth analysis of global commodity markets, including supply, demand, pricing trends, and economic indicators.
• Monitor geopolitical events, weather patterns, and regulatory changes that could impact commodity prices.
• Develop comprehensive market reports and forecasts to inform strategic decision-making.

• Risk Assessment and Management
• Identify and assess potential risks in commodity trading and procurement.
• Develop risk management strategies to mitigate exposure to market volatility and fluctuations.
• Provide recommendations for hedging and other financial instruments to manage risk.

• Strategic Planning and Optimization
• Collaborate with procurement and trading teams to develop and implement commodity strategies aligned with business objectives.
• Optimize commodity sourcing and purchasing decisions to maximize cost savings and minimize risk.
• Analyze data to identify opportunities for improving commodity supply chain efficiency and profitability.

• Data Analysis and Reporting
• Utilize advanced data analysis techniques to interpret market data and trends.
• Maintain and update commodity price models and databases to ensure accuracy in forecasting.
• Prepare detailed reports and presentations for senior management and stakeholders.

• Cross-Functional Collaboration
• Work closely with finance, procurement, and operations teams to align commodity strategies with overall business goals.
• Provide expert guidance and insights on market developments to support decision-making across departments.
• Communicate complex market information in a clear and concise manner to non-technical audiences.

Role Accountability

HR Proficiency:

• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems that arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automation opportunities as much as possible.

Compliance:

• Comply with related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification

Bachelor Degree in Accounting and Finance or Any relevant field

Work Experience

6 to 10 Years

Technical / Functional Competencies

• Work under pressure
• Risk Assessment
• MS Office
• Time Management
• Troubleshooting
• Well Organized
• Communication
• Teamwork
• Initiative
• Creativity
• Analytical thinking
• Details Oriented
• Report writing