Sr Procurement Specialist - Risk Management

Title : Sr Procurement Specialist - Risk Management

Location : Kennewick, WA

About Lamb Weston

You've probably enjoyed our fries without even knowing it! As a leading manufacturer in our industry, and public Fortune 500 company, we inspire and bring people together with foods they love and trust. Our customer base includes international food service providers, restaurants, and households in over 100 countries around the world.

A highly innovative global corporation with a start-up mindset, we empower every individual to make a genuine difference. You'll gain access to hands-on training to fuel your growth and success, explore opportunities for new solutions, and you'll join a winning team of 10,000+ people all dedicated to raising the bar - together.

If you have a strong drive for results, a desire to help us bring the world together through our fries, and are ready for a fresh challenge, we want to hear from you.

Job Description Summary

The Sr. Specialist, Procurement Risk Management will lead the company's strategy to volatile commodity markets. This role is responsible for developing & executing hedging strategies to stabilize input costs, protect margins & enhance cost predictability. Acting as the primary interface between Procurement, Treasury & Finance, the Sr. Specialist will leverage analytics, financial instruments & market insights for data-driven decision making, aligning strategies with company business objectives.

Job Description

• Design & implement hedging strategies using futures, swaps & options where appropriate
• Actively monitor commodity markets, macroeconomic indicators & relevant geopolitical factors
• Partner with Treasury to ensure strategies align to business risk management objectives
• Build & maintain models to forecast commodity price trends, volatility & financial impacts
• Provide actionable insights to Procurement & Finance for budgeting & cost forecasting
• Deliver regular reporting on hedge effectiveness, exposure levels & overall risk posture
• Align Procurement sourcing strategies with hedging positions to optimize supplier negotiations
• Coordinate with Treasury on counterparty & broker relationships
• Ensure all risk management activities comply with company policies, audit standards, regulatory frameworks & board of directors' authorizations
• Preserve accurate documentation of hedging strategies, agreements & KPI performance
• Support internal & external audit reviews of hedge / risk-management programs

Scope :

Basic & Preferred Qualifications

Physical Environment / Demands :

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 :

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-258881

Time Type : Full time

The anticipated close date is a good faith estimate for when this job will be closed. Some jobs may be unposted or filled earlier or later than the Anticipated Close Date depending on interview processes and business needs. Anticipated Close Date : 12 / 14 / 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 : $76,420.00 - $114,640.00

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