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Commodity Analyst / Jr. Commodity
- Sedgwick (Cleveland, OH)
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By joining Sedgwick, you'll be part of something truly meaningful. It’s what our 33,000 colleagues do every day for people around the world who are facing the unexpected. We invite you to grow your career with us, experience our caring culture, and enjoy work-life balance. Here, there’s no limit to what you can achieve.
Newsweek Recognizes Sedgwick as America’s Greatest Workplaces National Top Companies
Certified as a Great Place to Work®
Fortune Best Workplaces in Financial Services & Insurance
Commodity Analyst / Jr. Commodity
**PRIMARY PURPOSE OF THE ROLE:** The Commodity Analyst is responsible for analyzing and forecasting trends within specific classes of goods or services. This role involves monitoring trends, presents risks and opportunities to their manager, and supports price and contract negotiations.
**ARE YOU AN IDEAL CANDIDATE?** We are looking for enthusiastic candidates who thrive in a collaborative environment, who are driven to deliver great work, are customer-oriented and are naturally empathetic.
ESSENTIAL RESPONSIBLITIES MAY INCLUDE
+ Conducts market research to identify risks and trends and reviews possible opportunities in commodity sourcing.
+ Monitors fluctuations in commodity prices, analyzes spending patterns and identifies opportunities for cost reductions without compromising quality.
+ Supports supplier negotiations by documenting and summarizing changes, ensuring the system is updated accordingly.
+ Analyzes supplier performance by checking if they meet cost-saving goals.
+ Establishes and maintains relationships with suppliers to ensure reliable and sustainable commodity sourcing.
+ Maintains the documentation of contracts, request for proposals (RFPs), supplier agreements, and processes.
+ Partners on sourcing projects that require collaboration across various teams and departments.
+ Stays abreast of industry news, market trends, and regulatory changes that could affect commodity prices.
QUALIFICATIONS
+ Bachelor’s degree in business administration, Supply Chain from an accredited college or university preferred.
+ IIBA, CIPS or CPSM helpful but not required.
+ Two plus (2+) years of related experience or equivalent combination of education and experience required.
+ Experience with P2P platforms and/or Power BI helpful but not required.
TAKING CARE OF YOU
+ Career development and promotional growth opportunities
+ A diverse and comprehensive benefits offering including medical, dental vision, 401K, PTO and more
Work environment requirements for entry-level opportunities include –
Physical: Computer keyboarding
Auditory/visual: Hearing, vision and talking
Mental: Clear and conceptual thinking ability; excellent judgement and discretion; ability to meet deadlines
Travels as required
The statements contained in this document are intended to describe the general nature and level of work being performed by a colleague assigned to this description. They are not intended to constitute a comprehensive list of functions, duties, or local variances. Management retains the discretion to add or to change the duties of the position at any time.
\#LI-TS1
Sedgwick is an Equal Opportunity Employer and a Drug-Free Workplace.
If you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, consider applying for it anyway! Sedgwick is building a diverse, equitable, and inclusive workplace and recognizes that each person possesses a unique combination of skills, knowledge, and experience. You may be just the right candidate for this or other roles.
Sedgwick is the world’s leading risk and claims administration partner, which helps clients thrive by navigating the unexpected. The company’s expertise, combined with the most advanced AI-enabled technology available, sets the standard for solutions in claims administration, loss adjusting, benefits administration, and product recall. With over 33,000 colleagues and 10,000 clients across 80 countries, Sedgwick provides unmatched perspective, caring that counts, and solutions for the rapidly changing and complex risk landscape. For more, see** **sedgwick.com
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