Commodity Manager

 

One of the most critical functions for an organisation to undertake is the management of commodities, or instead, their supply and demand. A commodity is a manufactured product which has both value and price. It can be sold, again and again, making it a quick source of capital for many institutions such as banks, hospitals and retail warehouses. Various roles use the expertise of a commodity manager.

What is a Commodity Manager?

Commodity managers help businesses avoid risk and save money. Commodity managers are responsible for proposing alternative management systems to save costs or increase revenues. They are skilled in developing alternative solutions so that the management of a company can select the most advantageous one in terms of resources, profits, and investments. Commodity managers usually work at trading companies (retail or wholesale), investment banks, and specialised consultants.

They can also act as brokers, finding buyers and sellers for their clients when needed.

 

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Commodity Manager Job Description

Commodity Manager Job Overview

The role of a commodity manager is to oversee sales transactions to make sure that the company makes as much money as possible on every transaction. Commodity managers work closely with other departments because they often need to buy or sell products based on orders from other departments, such as sales or human resources.

Responsibilities of a Commodity Manager

Your day-to-day responsibilities will vary depending on your industry and position, but some of the most common tasks include:

• Managing finances and resources
• Negotiating contracts and agreements with suppliers/customers
• Directing employees within your department
• Managing multiple commodities, including but not limited to raw materials, food products, and other goods
• Track purchase orders for commodities from suppliers
• Ensure that inventory levels are maintained on a timely basis
• The commodity manager must also be able to manage multiple projects simultaneously while still keeping an eye on their budget
• Monitor trends of commodities to predict their demand and supply levels
• Supervise lower-level employees who manage individual commodities

Commodity Manager Qualifications and Skills

To become a commodity manager, you need to have an undergraduate degree in business administration or a related field. You should also have at least two years of experience working as an administrative assistant or similar role. This job requires an understanding of how to run a business and an ability to work well with people:

• Excellent communication skills: You need good communication skills, as you will work with many different people from various departments throughout the organisation. You must also deal effectively with customers and suppliers, who may have other goals than your own. You should also know how to write straightforward emails that explain complex ideas clearly without requiring additional clarification from your audience members (i.e., customers) later on down the road.).
• Working under pressure: Working well under pressure is essential for success in this position because there will often be deadlines that need to be met by specific dates.
• Strong analytical skills and organisational skills

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Commodity Manager Jobs currently open:

Senior Manager – Market Risk & Treasury (Financial Risk Management)
Location: Johannesburg
Salary:
An exciting opportunity is available for an experienced Senior manager to join a leading Financial Risk Management practice, specializing in Market and Treasury Risk. If you’re passionate about managing market, credit, and liquidity risk within the banking and financial services sector, then this one’s for you.
5 days ago


Direct Procurement Manager
Location: Johannesburg
Salary: 1 000 000 Annually
Our client, a fast-growing restaurant group with operations across Africa, is seeking an experienced and forward-thinking Direct Procurement manager to join their Management Committee (MANCO). This senior leadership role is pivotal to driving the end-to-end procurement strategy, enhancing supplier collaboration, and ensuring that the business achieves best-in-class category management for ingredie...
7 days ago


Market Risk Senior Manager (FRM)
Location: Johannesburg
Salary: Market related
A leading firm is looking for a Senior manager in Market Risk and Treasury to join their Financial Risk Management team. This role focuses on delivering high-quality reporting and advisory services to clients in the banking and financial services sector.
10 days ago


Credit Underwriting Manager
Location: Johannesburg
Salary: Market related
My client is seeking a dynamic person, who has relevant experience, to join their professional team. 
14 days ago


Counterparty Risk Manager
Location: Stellenbosch
Salary:
32 days ago


General Manager
Location: Johannesburg
Salary:
38 days ago


National Commercial Manager
Location: Johannesburg
Salary:
38 days ago


Credit Underwriting Manager
Location: Johannesburg
Salary:
Our client, a leading global Natural Resources company, is looking for an experienced Credit Underwriting manager to join their global Credit Risk Team. This is a critical position requiring relevant experience in credit risk or credit underwriting, particularly within mining, commodity trading, banking, or consultancy. The ideal candidate will have a deep understanding of credit risk monitoring, ...
41 days ago


Regional Commercial and Operations Manager
Location: Lusaka
Salary: $ 6000 Monthly
Our client, a growing logistics and equipment retailer has an opportunity available for a Regional Commercial and Operations manager to join their team based in Lusaka, Zambia. We are looking for someone who has a strong commercial background. This is a full time position that requires the successful candidate to relocate to Zambia permanently.
14 days ago


Grain Trader
Location: Potchefstroom
Salary:
68 days ago