The Commodities team is responsible for over 250 million USD spend sourcing physical commodities such as corn, wheat, milo/sorghum, soybean meal/oil, barley, corn grits, rice, wheat flour and other products within the US and Canada. Managed derivatives spend totals 375 million USD across the US, Canada, and Latin America. Role is responsible for supporting the Senior Sourcing Manager Commodities - Price Risk Management (PRM) by enhancing Pet commodity hedge strategies (both direct and indirect) and establishing strong cost transparency metrics for the business through price forecasting and risk models.  This role is challenged with delivering a competitive advantage for Mars Pet care via analysis, hedging strategy and risk management. This role must work across the regional Mars Pet Nutrition Business Units and cross-segment.

What are we looking for?

• Execution of all derivative hedging for Pet Nutrition North America and portions of Latin America including futures, options, and OTC’s.
• Development of hedging strategies to mitigate market inflation and providing accurate cost forecasts.
• Development of hedging strategies that are based on fundamental economic analysis and implement within the context of tolerance for risk at the Business Unit
• Provide guidance on which indexes to use in supply agreements to assist ingredient buyers in the development of price/cost models where appropriate with integrated suppliers.
• Cash impact models of commodity hedging strategies including: Mark to market, Maintenance margins, etc.
• Perform correlation and regression market analysis.
• Innovate risk management tools to enhance and improve costs and margins.
• Support price forecasting capabilities within the Commercial Sourcing Team.
• Analyze supplier and economic markets; identify and manage market risks and opportunities, review competitive insights.

What will be your key responsibilities?

• Executing derivative hedging strategies against $375 million USD spend for commodities such as corn, wheat, milo/sorghum, soybean meal/oil, barley, corn grits, rice and animal proteins within the US, Canada, and Latin America.
• Deliver value for money for Pet care NA given the dynamic commodity markets. Decisions in this area can significantly affect Pet profit and/or cause the business to cut investment spending to cover cost pressures.
• Prediction of costs, to maximize accuracy and delivery of the Pet’s business plan and P&L projections. Sets annual cost standards for all ingredients. 

Required Experiences & Education

• Bachelor’s degree in business, finance, mathematics, economics, supply chain, procurement, engineering, or a related field.
• Minimum 5 -10 years of experience in agricultural commodity price risk management and derivative hedging (feedstock) within the Agricultural Processing, Trading and/or Consumer-Packaged Goods (CPG) Industry
• Experience in managing dynamic business environments, where price stability, supply availability, and potential business outcomes are under continuous pressure and change.
• MS Excel, Word, and PowerPoint functional skills
• Data Analytics and/or dashboarding through API feeds.

Preferred Experiences & Education

• MBA
• Proficient in SAP and MRP systems
• Experience with commodity systems (ProphetX, FutureSource, Allegro etc.)
• Experience in strategic sourcing including end to end strategy development.
• Computer programming

What can you expect from Mars?

• Work with over 130,000 like-minded and talented Associates, all guided by The Five Principles.
• Join a purpose driven company, where we’re striving to build the world we want tomorrow, today.
• Best-in-class learning and development support from day one, including access to our in-house Mars University.
• An industry competitive salary and benefits package, including company bonus.

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About Mars:
Mars is a family-owned business with more than $35 billion in global sales. We produce some of the world’s best-loved brands: M&M’s®, SNICKERS®, TWIX®, MILKY WAY®, DOVE®, PEDIGREE®, ROYAL CANIN®, WHISKAS®, EXTRA®, ORBIT®, 5â„¢, SKITTLES®, BEN’S ORIGINAL® and COCOAVIA®. Alongside our consumer brands, we proudly take care of half of the world’s pets through our nutrition, health and services businesses such as Banfield Pet Hospitalsâ„¢, BluePearl®, Linnaeus, AniCura, VCAâ„¢ and Pet Partnersâ„¢. Headquartered in McLean, VA, Mars operates in more than 80 countries. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our 130,000 Associates into taking action every day towards creating the world we want tomorrow.

Disclaimer:
Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.​​​​​​​

Note to Search Firms/Agencies:
Mars, Incorporated and its subsidiaries and affiliates (Mars) do not compensate search firms for unsolicited assistance unless they have a written search agreement with Mars and the requisition is position-specific.  Any resumes, curriculum vitae, and other unsolicited assistance from search firms that do not have a written search agreement or position-specific requisition submitted to any Associate of Mars will be deemed the sole property of Mars and no fee will be paid in the event the candidate is hired by Mars.