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Sr Procurement Specialist - Risk Management
Sr Procurement Specialist - Risk ManagementWashington Staffing • Kennewick, WA, US
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Sr Procurement Specialist - Risk Management

Sr Procurement Specialist - Risk Management

Washington Staffing • Kennewick, WA, US
5 days ago
Job type
  • Full-time
Job description

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

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 :

  • Responsible for managing risk on ~$300m in annual procurement spend
  • Supports hedging with approximately 5 counterparty relationships
  • Coordinate with strategic supply relationships for 15-20 critical suppliers

    • Basic & Preferred Qualifications :

  • 2-5 years procurement or commodity risk management experience
  • Demonstrated success developing & executing hedging strategies using financial derivatives
  • Strong familiarity with commodity exchanges, broker networks & counterparty management
  • Advanced analytical skills with expertise in financial modeling & risk assessment tools
  • Strong cross functional skills with proven ability to influence Finance stakeholders
  • Demonstrated ability to manage complex timelines & deliver high-quality results in fast-paced environments
  • Familiarity with platforms such as Bloomberg, or LSEG Refinitiv
  • Bachelor's degree in Supply Chain, Business, Finance, or related field required

    • Physical Environment / Demands :

  • ~10-15% travel required to supplier & operating locations
  • Majority of work performed in a temperature-controlled office environment
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    Risk Management Specialist • Kennewick, WA, US