Commodity and Procurement Analyst

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Restaurant Supply Chain Solutions, LLC, a Yum! Brands Co-op, is currently seeking a Commodity/Procurement Analyst to join the Commodity Risk Management and Procurement Teams in Louisville, KY.

Overview of the Position:

The Commodity Risk Management (CRM)/Procurement Analyst will provide analytical support to the Strategic Sourcing Directors and Category Managers on the Grains and Bakery team with the execution of category sourcing strategies and supply chain initiatives for all YUM! Brands concepts; Taco Bell, KFC, Pizza Hut, The Habit Burger Grill, and for A&W All American Restaurant. Specifically, with direction, the Analyst is responsible for conducting spend analytics, historical commodity price analysis and forecasting, category market research, support sourcing events and optimization of the supply base. The Analyst will also support special projects across the department and drive research into emerging technologies affecting the procurement landscape. The position reports to the Vice President of Commodity Risk Management and the Senior Director of Bakery Procurement. This is a unique role in which the candidate will be exposed to commodity risk management and procurement.

Position Responsibilities:

Commodity Risk Management

• Manage risk management order entry, monitor order execution, and manage the reporting of commodity risk management positions with suppliers for accuracy.

• Manage and maintain updated risk management position summary tables and prepare monthly financial reports that are distributed to the executive team and others as requested.

• Regularly verify hedged positions are flowing through to the final item pricing in cost bars.

• Facilitate the development and implementation of various risk management tools by proactively assessing price risk by building analytical models based on fundamental supply and demand variables for all key commodities.

• Facilitate the development of strategic hedge plans, which includes thoroughly studying correlations and risk associated with hedging in various markets.

• Communicate internally and externally on commodity activities to all members.

• Develop high quality reporting and updates for the Board of Directors and RSCS Executive Team.

• Lead or participate on special project teams as needed.

Bakery Procurement

• Create and update Category Profiles, category segmentation, support strategy development and contract negotiations.

• Create and assess total cost of ownership models to help analyze alternative, Best Alternative to Negotiating Agreement generating sourcing scenarios.

• Provide key insights, including industry and supplier capacity analysis, for short and long-term business continuity planning.

• Track and communicate team restaurant margin initiatives to ensure projects are on track and appropriately reported to RSCS Finance Team

• Develop and maintain category spend databases.

• Conduct relevant spend analytics to support overall category sourcing and optimization activities.

• Support development of RFx pricing models, conduct supplier bid analyses, and recommend award decisions.

• Develop/administer robust cost of goods models that accurately forecast key SKUs in the Bakery team categories.

• Work with Commodity Risk Management Team ensuring alignment between pricing and commodity updates.

• Analyze pricing across suppliers to ensure pricing is consistent for raw materials.

Hybrid Work Schedule: 3 days in the office, 2 days remote

Excellent Benefits!

Required Skills

• Bachelor's degree required with emphasis in Agricultural Economics or strong understanding of agricultural markets. Master's degree preferred.

• Minimum of 2 to 3 years of experience in a position related to agricultural commodity risk management.

• Experience with risk analysis and an understanding of futures, options, and OTC structures.

• Excellent interpersonal skills, including strong verbal and written communication skills.

• Proficiency in Microsoft Office - Excel, PowerPoint, Teams, and Outlook

• Candidate demonstrates initiative and motivation for success, will be solutions oriented, proactive and results driven.

• Candidate will also have the innate curiosity to use data to make decisions and will be able to lead and influence.

• Comfortable working in a fast-paced environment with the ability to shift gears quickly.

• Ability to think strategically and entrepreneurially, while keeping an eye on tactical execution.

• Strong organizational skills, including ability to prioritize and attention to detail.

• Ability to garner trust and respect of all constituents, while managing tight timelines in a dynamic environment.

• Experience working with large data sets, able to manipulate and parse data to structure for analysis and reporting.

• Will promote and champion the RSCS World Class with Class Values (WC2) by acting with integrity, delivering breakthrough results, being transparent and collaborate, recognize, and celebrate, being humble and respectful, serve our members and pursue growth and lifelong learning.