Manager Commodity Price Risk Management (CPRM) Cocoa (m/f/d)

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 external and competitive landscape
• Take a strategic long-term view of commodity markets in identifying and developing margin protection/retail pricing opportunities
• Provide spend area baseline and forecasts, incl. risk assessment (volatility)
• Partnership cross functionally in defining leading edge spend management and optimized value delivery
• Build commodity specific strategies in alignment with the spend areas/regions
• Bridge commodity impacts/forecasts/strategies to regional/category/global financial budgets
• Execute Price fixations (send EFP orders to broker, files to CMaas to update Kiodex. Trade log)
• Execution of Switch buying (contract allocations, Kiodex. Rolling of physical Bean position etc.)
• Strong participation in workstreams
• Engage in IT System implementation (e.g. Kiodex, Governance Team, Project Quantum)

What you will bring

A desire to drive your future and accelerate your career with experience and knowledge in:

• University degree (agronomy, engineering, economy, finance)
• Business experience of min. 5 years in Commodity Price Risk Management
• Strong knowledge about agricultural commodity markets: Futures and options markets
• Experience in Cocoa Trading and Research
• Preferred Experience in the Cocoa Chocolate industry
• Excellent analytical skills / strategic thinking
• Dealing with ambiguity
• Stakeholder focus / informing
• Fluent English (spoken and written)

Business Unit Summary

At Mondelēz International, our purpose is to empower people to snack right by offering the right snack, for the right moment, made the right way. That means delivering a broad range of delicious, high-quality snacks that nourish life's moments, made with sustainable ingredients and packaging that consumers can feel good about.

We have a rich portfolio of strong brands globally and locally including many household names such as Oreo, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. We are proud to hold the top position globally in biscuits, chocolate and candy and the second top position in gum.

Our 80,000 makers and bakers are located in more than 80 countries and we sell our products in over 150 countries around the world. Our people are energized for growth and critical to us living our purpose and values. We are a diverse community that can make things happen—and happen fast.

Mondelēz International is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation or preference, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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