Commodity Pricing Specialist
1 week ago
Malayan Flour Mills Berhad (MFM) is a pioneer in the flour milling industry in Malaysia.
We have grown to become the leading flour miller in Malaysia with presence in Vietnam and Indonesia.
Job SummaryThe Commodity Pricing Specialist will be responsible for analyzing data, operations, and contract terms for commodity purchases.
This includes identifying market trends and correlations to recommend trading strategies and actions for risk management and inventory management of raw materials to meet our strategic goals and objectives.
Key Responsibilities- Conduct data analysis on historical data to determine the seasonality trends and correlations of commodity prices using Refinitiv, Trading View, etc.
- Work closely with the Senior Purchasing Support Executive on operations and contract terms for commodity purchases.
- Enhance back testing model and optimize entry & exit strategy. Strategize procurement plans to optimize raw material costs, grain inventory, and financing costs.
- Update importation stats and other data.
- Manage inventory and planning for plants. Implement solutions regarding alternative grain types and grain origination.
- Compile weather, news, and market data daily to keep management and other departments updated with the latest market conditions.
- Work closely with stakeholders to conduct effective purchase planning for commodities. Ensure shipment arrival on time to meet production requirements. Plan effective storage for commodities.
- Collaborate with international commodity suppliers. Perform price comparison and provide market updates.
- Prepare and present periodic reports. Recommend the next course of action based on analysis.
- Bachelor's Degree in Data Science, Engineering, or Actuarial Science
- Highly skilled in Excel VBA and Python programming language
- 3-5 years in commodity trade, procurement, shipment documentation and operations
We aim to be a leading global halal food enterprise while pursuing sustainable development goals.
Working with UsBuilding the workforce of the future... today. We invite you to join us and be a part of our journey towards excellence.
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