Commodity Managment Section Manager | alfanar Electric

Job description:Job Purpose

Analyze market trends and economic conditions to provide strategic insights for commodity investments and procurement. Evaluate risks, develop forecasts, and optimize strategies to ensure cost efficiency and capitalize on market opportunities. Leverage data analysis techniques and collaborate with teams to align commodity strategies with business goals.

Key Accountability Areas

Market Analysis and Research

• Conduct in-depth analysis of global commodity markets, including supply, demand, pricing trends, and economic indicators.
• Monitor geopolitical events, weather patterns, and regulatory changes that could impact commodity prices.
• Develop comprehensive market reports and forecasts to inform strategic decision-making.

Risk Assessment and Management

• Identify and assess potential risks in commodity trading and procurement.
• Develop risk management strategies to mitigate exposure to market volatility and fluctuations.
• Provide recommendations for hedging and other financial instruments to manage risk.

Strategic Planning and Optimization

• Collaborate with procurement and trading teams to develop and implement commodity strategies aligned with business objectives.
• Optimize commodity sourcing and purchasing decisions to maximize cost savings and minimize risk.
• Analyze data to identify opportunities for improving commodity supply chain efficiency and profitability.

Data Analysis and Reporting

• Utilize advanced data analysis techniques to interpret market data and trends.
• Maintain and update commodity price models and databases to ensure accuracy in forecasting.
• Prepare detailed reports and presentations for senior management and stakeholders.

Cross-Functional Collaboration

• Work closely with finance, procurement, and operations teams to align commodity strategies with overall business goals.
• Provide expert guidance and insights on market developments to support decision-making across departments.
• Communicate complex market information in a clear and concise manner to non-technical audiences.

Role Accountability

HR Proficiency:

• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification Bachelor Degree in Electrical Engineering or Mechanical EngineeringWork Experience 6 to 10 YearsTechnical / Functional Competencies Work under pressurRisk AssessmentMS OfficeTime ManagementTroubleshootingWell OrganizedCommunicationTeamworkInitiativeCreativityAnalytical thinkingDetails OrientedReport writingProfile description:

Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions.

The hub of alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals.

alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar.

For more information about alfanar, please visit alfanar.com