FirstBank Jobs

Title: Sr Procurement Specialist - Commodities Risk Management Location: Kennewick, WA About Lamb Weston We love making fries almost as much as you like eating them! Since the 1950's, Lamb Weston has inspired customers with food they love, trust, and share with families and friends. As a leading global manufacturer of quality frozen potato products with over 10,000+ team members around the world, it's our business to see the possibilities in potatoes and people. We are looking for team members with an appetite for a challenge! People who are hungry to join a winning team and help us make a difference in the world. When you join Lamb Weston, you join a community with a strong support network and training programs designed to nurture, inspire, and help you grow. We are driven by a relentless pursuit of results and by people who think creatively and embrace our values of: Integrity, Teamwork, Inclusion, Drive for Results, and Empowerment. Exactly what you'd expect from the most inventive potato company in the world! Join Lamb Weston! We bring the world together with our fries. Job Description Summary A successful candidate understands the STP process from the beginning to end as it pertains to direct material procurement and can actively demonstrate through an understanding of supply assurance and risk mitigation, category and sourcing strategy development, negotiation, contracting, supplier management, and analysis. The role will be responsible for strategy implementation, negotiation and contracting within assigned categories. The position is also responsible for assisting in the development and execution of strategic risk management programs in support of LW global business plans for the underlying commodities used in the procurement of ingredients. Capable in cross functional engagements with stakeholders and prioritizing activities to achieve procurement department objectives and financial results. Maintenance of relationships with internal and external stakeholders, market analysis, supply and financial exposures and risk, and execution of mitigation strategies will be critical. Must maintain the ability to communicate with internal and external stakeholders clearly and concisely with a strong understanding of global ingredient markets, STP fundamentals, factory environments, and risk mitigation strategies. Job Description * Category Management (40%): * Develop and execute strategies for global ingredient procurement. * Identify and implement cost and/or process improvement projects across the LW platform. * Assist in the collection, reporting, and improvement of key metrics to reduce expenses without impacting productivity. * Develop benchmarking, performing cost analysis, and execution strategies as appropriate. * Work collaboratively with internal stakeholders to ensure proper alignment across the platform. * Collaborate with business stakeholders at all levels of the organization globally to achieve savings targets, improve supplier performance, minimize supply chain risk, and maximize supplier collaboration and innovation. * Identify key procurement and supply chain risks and opportunities and assist in developing mitigation strategies. * AOP planning and execution. * Other duties and responsibilities may be required and/or assigned as necessary. * Risk Management (60%): * Collect, manage, and report external market intelligence. Provide insights and report on commodity performance, trends, and forecasts. * Monitor market dynamics and make coverage recommendations to optimize value in commodity markets. Analyze trends in commodity markets * Maintain physical and financial commodities positions in compliance with Commodity Risk Policy * Work collaboratively with man