Job Description
Are You Ready to Make It Happen at Mondelēz International?
Join our Mission to Lead the Future of Snacking. Make It Matter.
Commodity Price Risk Management (CPRM) is a dedicated team working on how to match hedging activities to pricing activities in order to protect our margins. As a general rule, we seek coverage that protects our margins until the next pricing opportunity.
How You Will Contribute
Provide competitive intelligence from external market, business, industry engagement
Formulation of market outlook and price risk strategy (physicals)
Coordinate RMM, formulate & prepare monthly RMM & PNOC deck
Provide Commodity Economic Forecasts, incl. risk assessment (volatility)
Bridge commodity impacts/forecasts/strategies to regional/category/global financial budgets
Partner cross functionally with Spend Area to optimize E2E value delivery, incl. support on Productivity in order to meet joint KPI on productivity
Collaborate with SA to optimize execution of approved Cocoa Bean and Cocoa Butter strategies & supplier negotiation
Support SA on various topics (Blend changes, Washout of contracts, external Financing etc)
Coach / Train SA newcomers (various process, vendor approach, way of working, Kiodex, Ofi shared site etc.)
Lead market intelligence on Cocoa Butter and Cocoa Bean differential, formulate and propose strategies at PNOC
Position control: Global Butter Ratio and Global Cocoa Beans Diffs, incl. managing switch exposure, price fixation
Manage switch exposure by maintaining position overview and executing switchess
Global Butter ratio & Global Bean exposure
Identify commodity risk and establish strategies/tool box to mitigate it (forward price contracts, inventory builds and spot buying)
Provide competitive intelligence from external market, business, industry engagement/participation
Understand extern