Title: Manager Procurement - Commodities and Risk Management

               

Location: Kennewick, WA

               

About Lamb Weston

We love making fries almost as much as you like eating them! Since the 1950’s, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it’s our business to see the possibilities in potatoes and people.

We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow.

We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you’d expect from the most inventive potato company in the world!

Join Lamb Weston! We bring the world together with our fries.

Job Description Summary

               

The Commodity & Risk Manager drives the development of best procurement practices, including commodity risk management/mitigation, sourcing strategy definition, deployment, and stakeholder management (Directors and VPs) to maximize total value contribution and fuel the growth of LW. Drives the Procurement value contribution to Lamb Weston while ensuring compliance with policies, strategies, and processes. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical. Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, STP fundamentals, factory environments, and risk mitigation strategies. A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement: category and sourcing strategy development, negotiation, contracting, supplier management, and analysis. The role will be responsible for strategy implementation, negotiation and contracting within assigned categories.

Job Description

Manage strategy development, deployment, and strategic planning for Agricultural Commodity ingredients and inputs.Lead the development of long-term strategies (including physical commodity sourcing and financial risk strategies, supplier management strategy, and S2P strategy) to meet regional and global business expectations.Manage alignment and deployment of global strategies and financial plans.Identify and manage connectivity of the Spend Tower with functional stakeholders, suppliers, and internal procurement teams.Manage stakeholder engagement and alignment throughout the end-to-end sourcing process.Develop risk mitigation and margin enhancement strategies and recommendations for purchased commodities.Calculate commodity exposure using cost models and stress tests for forecasted raw material purchases, oversee underlying risk exposure and monitoring process through various reconciliations.Create and maintain reports for category and market risk, trade activities, compliance documentation, and develop sensitivity dashboards including open volume impact on cost of goods sold.Ensure standardization of processes and tools in coordination with other Spend Towers.Coordinate delivery of assigned regional and global KPI’s.Be a point person responsible and accountable for delivery of goals for commodity procurement.Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts.Monitor market dynamics and make coverage recommendations to optimize value in commodity markets. Analyze trends in commodity markets.Maintain physical and financial commodities positions in compliance with Commodity Risk PolicyOther duties and responsibilities may be required and/or assigned as necessary.

Basic & Preferred Qualifications

Degree in Supply Chain, Business Administration or Finance. MBA or CPSM / CPM certification is a plus.10+ years of business experience in all aspects of sourcing processes including Agricultural Commodity Risk Management, contract negotiation and project management.Demonstrated success in people/team managementExperience in Agricultural Commodity Risk Management and Trade Strategies to mitigate financial and operational risk, as specifically applied to vegetable oils, corn, wheat, dairy, natural gasExperience working with diverse executive leaders and proven ability to develop agreement of prioritiesDemonstrated interpersonal, verbal, and written communication skills to interact and consult with all levels in the business units as well as external suppliers.Ability to manage projects, work under pressure and meet agreed and often tight deadlines.Proven ability in building and managing strategic plans and annual budgets.Outstanding organizational, multi-tasking, and prioritization abilities; an excellent attention to detail.Excellent analytical skills, Excel proficiency, and familiarity with market analysis platforms (Eikon, Bloomberg)Highly motivated and ability to work independently and as part of the team.

Leadership Competencies:

Business AcumenStrategic AgilityOrganizational AgilityMotivating Others

Functional Competencies:

Strategic SourcingCommodity Risk ManagementSupplier Selection and ContractingSupplier Relationship ManagementStakeholder Influencing

Industry-Competitive Benefits

Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.  Some of the most attractive elements of our benefit programs include:

Health Insurance Benefits - Medical, Dental, Vision

Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts

Well-being programs including companywide events and a wellness incentive program

Paid Time Off

Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance

Family-Friendly Employee events

Employee Assistance Program services – mental health and other concierge type services

Benefits may vary based on location, job role/level, job status, and/or the terms of any applicable collective bargaining agreements.

               

Job Requisition ID: Req-256772

               

Time Type: Full time

               

Anticipated Close Date: 03/28/2025

               

In compliance with applicable state and local laws, Lamb Weston has opted to include a reasonable estimate of the compensation for this role. This compensation is specific to this position and takes into account a number of variables. Actual compensation may be higher or lower in the range posted based on various factors, including, but not limited to, job duties, experience and expertise. A candidate’s work location could also impact the actual compensation being outside of the range to reflect local cost of labor. A reasonable annual estimate of the range for this role based on the variables previously mentioned is: $110,610.00 - $165,920.00

               

Lamb Weston is an Equal Opportunity Employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status or any other protected factor under federal, state or local law