Manager, Position Management Trading & Sourcing
Barry Callebaut Group · Chicago, IL · 4 wk ago
Purchasing$100k–$120k/yrFull-time
About the role
Barry Callebaut is a global organization committed to excellence in chocolate and cocoa. The company is seeking a Manager, Cocoa Position Management to provide critical support to the Cocoa Trading & Sourcing Desk.
Key responsibilities
- Monitoring and managing daily cocoa positions (flat price, differentials, arbitrage)
- Running exposure reports intra-day, and hedging of position via physical purchases and futures
- Pricing of inter-company flows and creating purchase contracts and futures/FX transactions in the trading system
- Reconciling trade details between traders, brokers, suppliers, and customers
- Validating daily contract book, investigating discrepancies and escalating material issues to Cocoa Traders and Director, Trading & Sourcing, and/or Risk Management
- Monitoring physical and futures positions and ensuring adherence to Group risk limits
- Coordination with Treasury on margin calls and cash requirements
- Weekly updates of bean and product buying plans
- Maintaining strong relationships and collaborating closely with Traders, Pricing, Risk Management, and Treasury Team
Contract Management and Contract Execution
- Monthly contract reconciliation inter-company and Third-Party suppliers with follow up in case of discrepancies
- Procurement planning and product coverage analysis for liquor, powder, cake, and butter based on existing portfolio and budgeted requirements
- Ensuring local planners have contracts available to fulfill raw material requirements for plants
- Collaboration with Logistics Analysts and Planning on shipment execution, contract washouts, amendments, and pricing events
- Ownership of the claim management process for cocoa solids, i.e. cake. Support team and back-up for other cocoa product claims
- Establishing effective relationships and collaboration with Local and Global Planning Teams as well as Plants and Finance Business Partner
Other
- Monitoring and building understanding for cocoa market developments
- Preparing reports about cocoa bean and cocoa product usage for better purchasing decisions
- Maintaining master data accuracy (counterparties, materials, pricing structures)
About you
- Bachelor’s degree in Finance, Economics, Supply Chain, Business, or related field
- Fluent in English, Spanish is a plus
- 8-10 years of experience in Traffic, Logistics, Pricing, Risk or other Commodity Trading Operations or Procurement function (cocoa, softs, agri-commodities, or relevant physical markets preferred)
- Familiarity with commodity trading concepts: P&L, futures, hedging, mark-to-market, exposure management
- Experience managing or working with financial reports and data
- Working knowledge of SAP, database management, Power BI
- High attention to detail
- Strong analytical, critical thinking, and problem-solving skills
- Ability to thrive in fast-paced, dynamic trading environment with exceptional time management skills
- Excellent communication and collaboration abilities across commercial and operational teams
- Proactive mindset with willingness to challenge discrepancies and propose improvements and solutions
- Inquisitive and eager to learn
- Demonstrated ability to interact with internal and external stakeholders in complex matrix organization
What you can expect from Barry Callebaut
- Salary Range of $100,000 - $120,000, depending on factors such as experience and location, plus annual bonus and our comprehensive benefits package
- Paid time off, Paid holidays, and Flex days
- An environment that welcomes workplace flexibility
- An atmosphere where diversity is embraced, and inclusivity is second nature. We call it #OneBC!
- The ability to grow personally and professionally within an organization that values development and internal career growth
- Participation in our mission in making sustainability the norm through Forever Chocolate with priorities centered around prospering farmers, zero child labor, carbon and forest positive, and creating 100% sustainable ingredients in all of our products