Job Description

Relocation Assistance Offered Within Country

# 131346 - Piscataway, New Jersey, United States

In an ever-changing and dynamic world, our Supply Chain and Manufacturing professionals, who are recognized as the best in the business, are essential to quickly delivering our products to consumers worldwide. They are responsible for ensuring we make quality products that consumers love. Using advanced technology and an analytical mindset, they are especially adept at continuously improving manufacturing processes. This team comprises a variety of global roles and focus areas, including operations, engineering, process development and innovation, procurement, network operations, project management, factory performance & reliability, packaging, continuous improvement, and supply chain management.

Join our team in Piscataway, NJ!

The Global Commodity Forecasting Manager will be responsible for reinforcing the overall strategy for the risk management program to assess and mitigate the financial risks arising from direct and indirect commodities. They will use external market data to provide insight and help to reset the strategy. They will redefine and evolve the data and analytical platform crucial for generating insights, acting on urgent events, and communicating findings clearly/simply to a broad audience in the business. They will build standard methodologies for identifying and mitigating risks, hedge execution, post trade reporting and compliance with all internal and external policies and regulations.

The successful candidate will have strong leadership skills and is able to communicate technical / specialist knowledge and best practices to a broad audience of partners in an informative and succinct manner. They must have successfully integrated commodity risk practices inside a dynamic organization and is comfortable pivoting between strategic and tactical decisions to ensure execution. They must build successful relationships internally to develop broad specifications for changing conditions, and externally to gain knowledge and expertise quickly to incorporate to Colgate strategies/approaches. They have prior experience in aligning and supporting key collaborators and business partners to advance a strategic commodity sourcing and risk management program within a corporate environment.

Responsibilities

Understand, implement and adjust as needed the Commodity Risk Management (CRM) Strategy to manage the exposures arising from $3B USD annual spend on commodity raw and packaging materials.
Build consensus and alignment with key partners in treasury, finance, procurement, tax and legal to grow risk management program..
Develop standard methodologies for the execution of Over the Counter (OTC) and exchange traded derivatives.
Develop best practices to report, capture and mitigate price risk both financially and within physical contracts where financial instruments don’t exist.
Provide leadership on direct and indirect materials pricing and contracts.
Build relationships with key suppliers and financial counterparties for the execution of strategy.
Develop and share your specialist knowledge and assist in the professional development of the team in this area.
Analyze and develop deep understanding of the supply markets, including external economic factors which influence those markets.
Provide weekly risk strategy updates and market view to the Commodities Risk Committee.
Provide regular updates to key senior leadership team members upon request.
Represent Colgate at relevant industry meetings and events.

Required Qualifications

Bachelor's degree in Economics, Finance, Accounting or related field.
At least 8 years of experience in commodity trading, analytics, sourcing roles.
Fluency in creating insightful, risk-topic relevant reports and action items that have been grounded in significant amounts of data from internal and external sources
Experience in designing and implementing digital procurement and commodity management transformations.

Salary Range $107,760 - $158,445

Pay is based on several non discriminatory factors including but not limited to experience, education, skills and office location. In addition to your salary, Colgate-Palmolive offers a performance based bonus and competitive benefits package.

Equal Opportunity Employer

Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Are you interested in working for Colgate-Palmolive? You can apply online and attach all relevant documents such as a cover letter and resume or CV. Applications received by e-mail are not considered in the selection process. Become part of our team. We look forward to your application.

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, elmex, Tom’s of Maine, Sorriso, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Elta MD, PCA Skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet.

For more information about Colgate’s global business, visit the Company’s web site at http://www.colgatepalmolive.com . To learn more about Colgate Bright Smiles, Bright Futures® oral health education program, please visit http://www.colgatebsbf.com . To learn more about Hill's and the Hill’s Food, Shelter & Love program please visit http://www.hillspet.com . To learn more about Tom’s of Maine please visit http://www.tomsofmaine.com .

Reasonable accommodation during the application process is available for persons with disabilities. Please contact [email protected] with the subject "Accommodation Request" should you require accommodation.

This job was posted on Sat Mar 11 2023 and expired on Thu Mar 16 2023.

Minimum $31K /yr

$130K /yr Average

Maximum $367K /yr

Tasks

Represent companies in negotiating contracts and formulating policies with suppliers.

Develop cost reduction strategies and savings plans.

Develop and implement purchasing and contract management instructions, policies, and procedures.

Prepare bid awards requiring board approval.

Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment, machinery, and supplies.

Locate vendors of materials, equipment or supplies, and interview them to determine product availability and terms of sales.

Interview and hire staff, and oversee staff training.

Prepare and process requisitions and purchase orders for supplies and equipment.

Review, evaluate, and approve specifications for issuing and awarding bids.

Control purchasing department budgets.

Review purchase order claims and contracts for conformance to company policy.

Resolve vendor or contractor grievances, and claims against suppliers.

Administer online purchasing systems.

Maintain records of goods ordered and received.

Analyze market and delivery systems to assess present and future material availability.

Participate in the development of specifications for equipment, products, or substitute materials.

Prepare reports regarding market conditions and merchandise costs.

Arrange for disposal of surplus materials.

Skills

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Speaking - Talking to others to convey information effectively.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others' actions.

Persuasion - Persuading others to change their minds or behavior.

Negotiation - Bringing others together and trying to reconcile differences.

Instructing - Teaching others how to do something.

Service Orientation - Actively looking for ways to help people.

Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

Time Management - Managing one's own time and the time of others.

Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.

Management of Material Resources - Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.

Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Knowledge

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.

Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.