Section Manager , Commodity Management | alfanar Electric

Alfanar; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in Saudi Arabia is seeking a Section Manager for Commodity Management. This role involves analyzing market trends, developing risk management strategies, and optimizing procurement processes. Ideal candidates will have a Bachelor's degree and 6-10 years of experience in a related field.

Qualifications

• Minimum 6 to 10 years of experience in a relevant field.
• Ability to work under pressure and manage risks effectively.
• Strong problem-solving and organizational skills.

Responsibilities

• Conduct in-depth analysis of global commodity markets.
• Collaborate with procurement to develop strategic commodity plans.
• Utilize data analysis for optimal purchasing decisions.

Skills

Risk Assessment

Analytical Thinking

Communication

Time Management

Teamwork

Education

Bachelor Degree in Accounting and Finance or Any relevant field

Tools

MS Office

Job description

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Section Manager , Commodity Management | alfanar Electric

Description:

Requisition ID:13623

CityC. Supply Chian

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

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 formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems 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 automations opportunities as much as possible.

Compliance:

• Comply to 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 pressur Risk Assessment MS Office Time Management Troubleshooting Well Organized Communication Teamwork Initiative Creativity Analytical thinking Details Oriented Report writing