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Commodity Analyst / Jr. Commodity

PRIMARY PURPOSE OF THE ROLE: The Commodity Analyst is responsible for analyzing and forecasting trends within specific classes of goods or services. This role involves monitoring trends, presents risks and opportunities to their manager, and supports price and contract negotiations.

ARE YOU AN IDEAL CANDIDATE? We are looking for enthusiastic candidates who thrive in a collaborative environment, who are driven to deliver great work, are customer-oriented and are naturally empathetic.

ESSENTIAL RESPONSIBLITIES MAY INCLUDE

Conducts market research to identify risks and trends and reviews possible opportunities in commodity sourcing.Monitors fluctuations in commodity prices, analyzes spending patterns and identifies opportunities for cost reductions without compromising quality.Supports supplier negotiations by documenting and summarizing changes, ensuring the system is updated accordingly.Analyzes supplier performance by checking if they meet cost-saving goals.Establishes and maintains relationships with suppliers to ensure reliable and sustainable commodity sourcing.Maintains the documentation of contracts, request for proposals (RFPs), supplier agreements, and processes.Partners on sourcing projects that require collaboration across various teams and departments.Stays abreast of industry news, market trends, and regulatory changes that could affect commodity prices.

QUALIFICATIONS

Bachelor’s degree in business administration, Supply Chain from an accredited college or university preferred.IIBA, CIPS or CPSM helpful but not required.Two plus (2+) years of related experience or equivalent combination of education and experience required.Experience with P2P platforms and/or Power BI helpful but not required.

TAKING CARE OF YOU

Career development and promotional growth opportunitiesA diverse and comprehensive benefits offering including medical, dental vision, 401K, PTO and more

 

Work environment requirements for entry-level opportunities include –
Physical: Computer keyboarding
Auditory/visual: Hearing, vision and talking
Mental: Clear and conceptual thinking ability; excellent judgement and discretion; ability to meet deadlines

Travels as required

 

The statements contained in this document are intended to describe the general nature and level of work being performed by a colleague assigned to this description.  They are not intended to constitute a comprehensive list of functions, duties, or local variances.  Management retains the discretion to add or to change the duties of the position at any time.

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Sedgwick is an Equal Opportunity Employer and a Drug-Free Workplace.

If you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, consider applying for it anyway! Sedgwick is building a diverse, equitable, and inclusive workplace and recognizes that each person possesses a unique combination of skills, knowledge, and experience. You may be just the right candidate for this or other roles.