Director, Commodities & Hedging

Director, Commodities & Hedging

Apply remote type: Onsite

Locations: Smithfield, VA

Time type: Full time

Posted on: Posted 22 Days Ago

Job requisition id: R-2024-11109

If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub.

A great job-and a great future-awaits you at Smithfield Foods. We are an American food company with a leading position in packaged meats and fresh pork products. We’re looking for motivated people who want to join our team and grow lasting and meaningful careers with us. Apply Now!

Your Opportunity

Our team members receive industry-competitive salaries and are eligible for great benefits packages:

• Competitive Pay
• Annual Bonus Earning Potential
• Comprehensive Health Insurance, Retirement Benefits and More
• Education benefit available to full and part-time Smithfield team members on their first day of employment.
• Open to moving? We will help! Ask about our Relocation Assistance packages!

In addition, we offer opportunities for career growth, professional development, and tuition assistance.

The Director, Commodities & Hedging is responsible for the strategic operation of the Commodities team’s analysis and research of particular commodity markets relevant to Smithfield. This position will work closely with the Commodities Leadership and direct reports in expanding reporting and analysis capabilities.

Core Responsibilities

• Develop and conduct core fundamental and technical market research and analysis on commodities relevant to Smithfield.
• Report and interpret relevant data on price and supply and demand factors for core commodities both in the US and globally.
• Develop and execute forward-thinking hedging strategies across a range of commodity exposures, including strategy development, trade execution, management, and financial reporting.
• Aggregate key data from internal and external sources; communicate findings to key stakeholders and drive future market strategy.
• Provide leadership for Risk Management Team, helping to lead, grow, and develop team members.
• Leverage deep understanding of relevant markets, including both internal and external economic factors, to provide analyses and internal consultancy for risk leadership.
• Analyze financial information to forecast business, industry, and economic conditions and communicate results to appropriate parties.
• Work closely with team members of Smithfield Commodity Team and 3 core business segments (Hog Production, Fresh Pork, and Packaged Meats) providing market research and intel through both reporting and presentations.
• Monitor fundamental economic, industrial, and corporate developments by analyzing information from various sources.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. May perform other duties as assigned.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals to perform the essential functions.

• Bachelor's Degree from an accredited four-year college or university in Business, Finance, Accounting or related field and 10+ years’ relevant experience; or equivalent combination of education and experience, required.
• 5+ years of demonstrated experience in team management and development is required.
• MBA from an accredited college or university in Agricultural Economics or Agricultural Finance, preferred.
• Strong analytical, logic, and problem-solving skills.
• Ability to interpret/communicate results.
• Excellent knowledge of Microsoft Excel; ability to run extensive reports and queries.
• Strong verbal, written, interpersonal, and presentation skills.
• Must possess independent decision-making skill.
• Ability to work well with others in a fast-paced, dynamic environment.
• Ability to be respectful, approachable, and team-oriented while building strong working relationships and a positive work environment.

EEO/AA Information

Smithfield is an equal opportunity employer committed to workplace diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, gender identity, protected veterans status, status as a disabled individual or any other protected group status or non-job characteristic as directed by law.

If you are an individual with a disability and would like to request a reasonable accommodation for any part of the employment selection process, please call us at 757-357-1595.

Why Work at Smithfield Foods?

Smithfield is proud to offer robust, flexible, and affordable benefit plans and programs to support our team members and their loved ones, with out-of-pocket costs averaging 20 percent less than plans offered by other employers.

Beyond our medical plans, our Be Well programs offer tools and resources to enhance your quality of life at no additional cost. These programs are uniquely tailored to our Smithfield team and provide support for elective surgeries, weight loss, mental health, cancer, kidney disease, diabetes, smoking cessation, asthma, maternity management, and more.

In addition, Smithfield offers tuition assistance and tuition reimbursement. In partnership with Guild, Smithfield provides upfront tuition assistance, covering up to 100% of tuition costs for various degree and certificate programs and offering partial funding for other learning programs to help team members accomplish their personal and professional goals.

Smithfield’s Education Reimbursement Program provides financial reimbursement to team members who want to further their formal education by obtaining a GED/High School Equivalency (HSE) Diploma or by pursuing an academic degree at an accredited college or university that is not a Guild learning partner.

About Smithfield Foods

Headquartered in Smithfield, Virginia, since 1936, Smithfield Foods, Inc. is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world.

We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our communities. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield, Eckrich, and Nathan's Famous, among many others.