Director, Commodity Risk Management

The Cheesecake Factory; Calabasas (CA); Hybrid; USD 180,000 - 280,000; Full time

Benefits offered by this job

Annual bonus

Equity grants

Benefits from day one

401K with company match

Vacation and sick time

Tuition reimbursement

Adoption assistance

Dining discount

Gift card program

Job summary

The Cheesecake Factory is seeking a Director of Commodity Risk Management to shape enterprise strategy across brands. This role protects margins, reduces forecast volatility, and translates market dynamics into actionable guidance for senior leaders.

You will start with agriculture-related exposures and expand across commodities, partnering with finance, operations, and accounting to align pricing, sourcing, forecasting, and hedging. This position follows a hybrid work model.

Qualifications

• Bachelor's degree in Finance, Economics, Supply Chain, Agricultural Economics, Business, or related field; advanced degree preferred.
• 10+ years of progressive experience in commodity risk management, commodity trading, agricultural markets, procurement, treasury, or related field.
• Direct experience developing and executing commodity risk management strategies in beef, cattle, agriculture, food, retail, packaging, CPG, or other physical commodity environment.
• Proven experience developing, implementing, and scaling commodity risk management programs, including governance frameworks, policies, controls, and performance measurement processes.
• Strong knowledge of commodity markets, derivatives, basis risk, forward curves, hedge ratios, liquidity, and physical-to-financial exposure management.
• Experience with market analysis, scenario modeling, position management, governance, and risk reporting.
• Experience leveraging commodity risk management, treasury, ERP, forecasting, or analytics platforms to support risk assessment, decision-making, and reporting.
• Demonstrated ability to translate complex market dynamics and risk exposures into clear business recommendations and influence senior leadership.

Responsibilities

• Develop and execute commodity risk management and hedging strategies aligned with business objectives, forecast needs, and enterprise risk appetite.
• Advise the business on market trends, pricing decisions, exposure risks, structure, and financial statement impacts.
• Partner with suppliers, finance, operations and accounting to connect physical exposures with financial risk management strategies.
• Evaluate futures, options, swaps, and other instruments; monitor supply/demand, basis, forward curves, and macro trends.
• Develop reporting on exposures, hedge strategy, scenarios, performance, and business implications.
• Establish governance, controls, documentation, escalation protocols, and performance measurements for risk management activity.
• Manage larger supplier partnerships and improve forward buying opportunities to reduce volatility.
• Quarterly reporting to Finance on actual costs and revised full-year forecast.

Skills

Expert in field

Critical thinking

Communication

Partnership building

Education

Bachelor's degree

Advanced degree preferred

Tools

ERP systems

Forecasting platforms

Analytics software

Job description

Eligible for a hybrid work schedule split between home & office, with a minimum of 3 days in the office each week.

The Director, Commodity Risk Management will shape and lead the enterprise strategy for managing commodity price risk across our portfolio of brands. This highly visible role will protect margins, reduce forecast volatility, and strengthen business decisions by translating complex market dynamics into clear, actionable recommendations for senior leaders.

Initially focused on agriculture-related exposures, you will have the opportunity to expand the program into additional commodities over time. You will partner closely with business, finance, operations, and accounting leaders to align pricing, sourcing, forecasting, and hedging strategies while establishing the governance, financial controls, reporting, and performance measures needed to build a disciplined commodity risk management capability at enterprise scale.

You'll Thrive in This Role If You Are

• An Expert in Your Field: you seek to maintain a comprehensive and strategic knowledge base of the current commodity landscape, particularly trends, developments, and strategies.
• A Critical Thinker: you can evaluate complex information & data, identify patterns, and make sound recommendations.
• A Skilled Communicator: you're readily able to pivot your communication efforts to the chosen channels, platforms, and styles of everyone you encounter.
• Skilled at building partnerships across business, finance, operations and accounting teams

Here’s more of what you’ll get to do:

• Develop and execute commodity risk management and hedging strategies aligned with business objectives, forecast needs, and enterprise risk appetite
• Advise the business on market trends, pricing decisions, exposure risks, structure, and financial statement impacts
• Partners across suppliers, finance, operations and accounting to connect physical commodity exposures with financial risk management strategies
• Evaluate futures, options, swaps, and other instruments; monitor fundamentals including supply and demand, basis, forward curves, and macroeconomic trends
• Develop reporting on exposures, hedge strategy, scenarios, performance, and business implications
• Establish governance, controls, documentation, escalation protocols, and performance measurements for risk management activity
• Manage larger supplier partnerships and improve forward buying opportunities which can reduce volatility and strengthen business planning.
• Quarterly reporting to the Finance team on all the actual quarterly cost and adjusted full year forecasting.

What we require:

• Bachelor's degree in Finance, Economics, Supply Chain, Agricultural Economics, Business, or a related field; advanced degree preferred.
• 10+ years of progressive experience in commodity risk management, commodity trading, agricultural markets, procurement, treasury, or a related field.
• Direct experience developing and executing commodity risk management strategies in beef, cattle, agriculture, food, retail, packaging, CPG, or another physical commodity environment.
• Proven experience developing, implementing, and scaling commodity risk management programs, including governance frameworks, policies, controls, and performance measurement processes.
• Strong knowledge of commodity markets, derivatives, basis risk, forward curves, hedge ratios, liquidity, and physical-to-financial exposure management.
• Experience with market analysis, scenario modeling, position management, governance, and risk reporting.
• Experience leveraging commodity risk management, treasury, ERP, forecasting, or analytics platforms to support risk assessment, decision-making, and reporting.
• Demonstrated ability to translate complex market dynamics and risk exposures into clear business recommendations and effectively influence senior leadership and cross-functional stakeholders.
• Proven ability to create reporting on costs, simplify complex risk concepts, and influence decisions with data-driven insights.
• Strong cross-functional partnership skills across commercial, finance, treasury, and controllership teams.
• Experience managing external relationships with banks, brokers, exchanges, or commodity market participants.

What we Prefer

• Advanced Degree in Finance/Economics/Statistics with multiple years of advanced derivatives/hedging expertise.

What we offer:

• Eligible for annual bonus
• Eligible for annual equity grants
• Eligible for benefits first day of the month following date of hire
• 401K with company match
• 3 weeks of vacation which increases to 4 weeks starting in your 5th year
• 5 days of sick time per year (first year prorated)
• Tuition Reimbursement of $2,500 for qualified programs
• Adoption Assistance Benefit of $2,500
• 25%-35% discount when dining as a guest
• Reusable gift card loaded annually for your dining enjoyment

About the Company:

Named to FORTUNE Magazine’s “100 Best Companies to Work For®” list every year since 2014, The Cheesecake Factory Incorporated is a leader in experiential dining. We are culinary-forward and relentlessly focused on hospitality. Delicious, memorable experiences created by passionate people—this defines who we are and where we are going.

We currently own and operate over 370 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia®, Flower Child® and a collection of other FRC brands. Internationally, 35 The Cheesecake Factory® restaurants operate under licensing agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants, international licensees and third-party bakery customers.

We are committed to creating an inclusive and welcoming workplace for all. We welcome applicants from a wide variety of identities, ideas, perspectives, backgrounds and experiences to apply. The Cheesecake Factory offers reasonable accommodations to job applicants with disabilities.

#SoCheesecake #LifeAtCheesecake

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