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Established in 1806 as a small soap and candle business in New York City, Colgate-Palmolive is now a truly global company with products sold in over 200 countries and territories under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, Haci Sakir, Suavitel, PCA SKIN, EltaMD, Filorga and Hello as well as Hill's Science Diet and Hill's Prescription Diet.

Colgate-Palmolive is a leading consumer products company that serves hundreds of millions of consumers worldwide with brands and products across four core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. We are committed to offering products that make lives healthier and more enjoyable, and programs that enrich communities around the world.

Every day millions of people trust our products to care for themselves and the ones they love. Our goal is to use our technology to create products that will continue to improve the quality of life for our consumers wherever they live.

A career at Colgate-Palmolive is an excellent opportunity if you seek a global experience, constant challenge, and development opportunities in an environment that respects work/life effectiveness.

Job Title:  Sr. Manager, Global Procurement- Fats&Oils

Travel Required?:  Travel - up to 10% of time
Date:  Apr 3, 2024
Hybrid

Relocation Assistance Offered Within Country
# 157319 - Piscataway, New Jersey, United States

Who We Are
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Pet Nutrition.

We are recognized for our leadership and innovation in promoting sustainability and community wellbeing, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving children’s oral health.

If you want to work for a company that lives by their values, then give your career a reason to smile and join our global team!

 

Summary:

The Strategic Commodity Procurement Manager is responsible for building and executing global strategic sourcing plans and risk management programs for fats & oils commodities. The Strategic Commodity Procurement Manager will define the commodity footprint and manage risk landscape, including volatility, sustainability, supply disruptions and policy changes.  He/She will lead the volatility risk management programs which include financial hedging, price locking and improving forward costs transparency.

 

The Strategic Commodity Procurement Manager is responsible for ensuring the supply, cost, quality, and service of a group of materials that he/she will manage,  will identify and resolve all purchasing related issues for the materials/suppliers, must have a clear understanding of the market drivers influencing the dynamics of his/her sourcing geographies, and will be responsible for price and price forecast management. Also will work with related stakeholders to resolve any critical service/quality issues, to align with Network Operations and Technology on New Product Development and must be adept at the use of supply chain tools (Supply Management Inventory, ESM- Enhance Supply Management Audits, CLM - Risk Management etc.).

 

Responsibilities:                                                                  

  • Accountable for defining and leading strategic sourcing plans and commodity risk management (CRM) strategy

  • Map commodity footprint by increasing market intelligence, building strategic framework and long ranch plans

  • Develop best practices to report, capture and mitigate price risk both financially and within physical contracts

  • Analyze and develop a deep understanding of the supply markets, including external economic factors which influence those markets

  • Participates in external industry forums and seminars on an as needed basis

  • Execute annual direct materials budget guidance and support

  • Strategic supplier coordination, scorecard, investment assessments

  • Build relationships with key suppliers and financial counterparties for the execution of strategy

  • Executes effective negotiations with global suppliers

  • Leads continuous improvement programs with suppliers

 

Required Qualifications:

  • A minimum of a Bachelor of Arts or Science Degree in a technical or business field, or comparable discipline

  • Minimum 7 years of Procurement or Supply Chain experience.
     

Preferred Qualifications:

  • Minimum 2 years of management experience.

  • An understanding of execution strategies for futures, swaps and options in high and low liquidity markets

  • An understanding of fats&oils commodities would be an asset

  • An advanced degree (MBA) or professional certification (CPM or CPSM) is desirable.


Compensation and Benefits
Salary Range $140,000.00 - $165,000.00 USD

Pay is based on multiple non-discriminatory, individualized factors including but not limited to experience, job-related knowledge and education, skills and office/market location. In addition to base salary, salaried employees are eligible for annual discretionary bonuses, profit-sharing and, for Executive-level (salary grade 16 and above) roles only, long-term incentives in the form of Restricted Stock Units and/or Stock Options.

Subject to the terms and conditions of the applicable benefits plans then in effect, all salaried employees are also eligible for a competitive benefits package which includes:

  • Insurance: Employees (and their eligible dependents) are eligible to participate in Company-sponsored Medical, Dental, Vision, Basic Life Insurance, Accidental Death & Dismemberment and Disability insurance plans.
  • Retirement Plans: Employees are eligible to enroll in Colgate's 401(k) plan, which provides for company matching contributions subject to eligibility requirements
  • Vacation/PTO: Employees receive a minimum of 15 days of vacation/PTO leave annually
  • Paid Holidays: Employees receive a minimum of 13 paid/floating holidays annually
  • Paid Sick Leave: Based on location and consistent with applicable state and local law, employees receive a minimum of 40 hours of paid sick leave on January 1st of each year
  • Paid Parental Leave: Eligible employees may take up to eight weeks of paid parental leave and 12 weeks of unpaid leave (varies for employees with fewer than 12 months of service and is subject to hours worked requirements)


Our Commitment to Sustainability
With the Colgate brand in more homes than any other, we are presented with great opportunities and new challenges as we work to integrate sustainability into all aspects of our business and create positive social impact. We are determined to position ourselves for further growth as we act on our 2025 Sustainability & Social Impact Strategy.

Our Commitment to Diversity, Equity & Inclusion
Achieving our purpose starts with our people — ensuring our workforce represents the people and communities we serve —and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please contact Application_Accommodation@colpal.com with the subject "Accommodation Request" should you require accommodation.

For additional Colgate terms and conditions, please click here.

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Job Segment: Supply Chain Manager, Procurement, Supply Chain, Strategic Sourcing, Risk Management, Operations, Finance