Jobs · Purchasing · Illinois

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

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