Commodity Manager

Salary: Competitive

Location: Shire Park, Welwyn Garden City, Hertfordshire AL7 1GA

United Kingdom

Apply by: 15/03/2024


Commodity Manager

Shire Park, Welwyn Garden City, Hertfordshire AL7 1GA

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About the role

Are you passionate about commodities, retail and the economics of global supply chains? 

The Commodity Price Risk Management team at Tesco is at the leading edge of commodity risk within the retail sector. The role provides a fantastic opportunity to grow in a fast-paced environment and help to reshape the way we work with suppliers, manage risk and drive efficiencies across the business.

You will be responsible for

  • Managing key agricultural raw material exposure (P&L, cover positions) and executing pricing strategy collaboration with Suppliers
  • Developing price risk management hedging strategies and market view based on market research, managing cover positions as well as P&L reporting
  • Provide Market Intelligence across category
  • Working with buying team, forecasting and managing your budgets effectively, to deliver commodity-led savings, as well as sales and margin targets
  • Developing and maintaining relationships with key internal and external stakeholders (traders, commodity house, suppliers, banks...)
  • Identifying best commodity risk management practice in the industry and suppliers
  • Building cost models linking retail procurement to commodity markets, and agreeing transparent ways of working with supplier partners
  • Working with commercial, responsible sourcing and agricultural teams to support Tesco Sustainable Farming Groups (TSFGs) and environmental initiatives 
  • Adhering to all Tesco policies, storage and handover protocols and successfully completing all training so that you have zero GSCOP breaches
  • Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within your team
  • Following our Business Code of Conduct and always acting with integrity and due diligence

You will need

  • Agricultural commodity market knowledge
  • Buying and procurement experience within commodity sector
  • Experience developing a product area strategy
  • Understanding of country and global supply chain products
  • Negotiation skills
  • Supplier management experience
  • Stakeholder management skills
  • Data Analysis

Key People and Teams you will work with:

  • Buying Managers
  • Finance, Treasury

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What’s in it for you

We’re all about the little helps. That’s why we give our wonderful colleagues bags of benefits. Including wellbeing services, an award-winning pension scheme and much, much more, our colleague reward package keeps on giving. And helps make every day a little better for you and your family. These include but are not limited to:

  • Annual bonus scheme of up to 20% of base salary
  • Holiday starting at 25 days plus a personal day (plus Bank holidays)
  • Buy holiday salary sacrifice scheme (for salaried roles)
  • Private medical insurance
  • Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
  • Life Assurance - 5 x contractual pay
  • 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 4 weeks fully paid paternity leave
  • The right to request flexible working from your first day with us
  • Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing
  • A Colleague Clubcard for you & a family member (after 3 months of service), giving you access to lots of discounts in-store & online
  • Great colleague deals and discounts, saving you money on everyday purchases, eating out and utility bills for the home
  • Access to our colleague networks providing a space for colleagues to come together from a range of backgrounds. For more information about our colleague networks please click here
  • Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want

Click Here to read more about the full range of benefits we have available for our colleagues

About us

Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.

We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you.  We work in a more blended pattern - combining office and remote working.  Our offices will continue to be where we connect, collaborate and innovate.  If you are applying internally, please speak to the Hiring Manager about how this can work for you - Everyone is welcome at Tesco.

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