Commodities Pricing & Risk Management Intern (Summer 2024) - Westchester, IL
The Summer Intern will be supporting the Sr. Director and broader Commodity Purchasing & Agri-Product staff as follows: The focal areas identified below may be changed to meet the needs of the collective Teams at the time of internship.
Key Deliverables:
Support Ingredion’s deployment / testing / analysis & use of GrainSmart & Triple Point systems. The software is used for risk management analysis / metrics of Ingredion’s “Corn Position” across multiple supply chains and being of both financial and physical inputs.
Create a holistic project to determine / identify the sources of yield losses and the financial impacts on gross corn cost or reduced agri-product revenue. The project scope would include all US / Canada corn wet milling plants and include all grain types and all Agri-products.
Sales Volume Hedging: Run and maintain a daily report to capture firm sales volume. Create the allocation sheets used to purchase corn futures, for both firm and customer-directed hedges. Maintain hedge tracker spreadsheets. Reconcile contract volume changes. Communicate with the contract team as needed.
Process Improvements: Identify opportunities for improvements to the department’s manual processes and develop solutions. Learn new systems that could help improve processes. Create new processes and/or automate existing processes through both formal and informal projects as needed. Work with IT as needed, acting as liaison between the Commodities department and IT by providing business case use and justification for improvement projects. Could include BUSHEL / SELL YOUR CORN / SAP interface to Triple Point for Agri-Products.
Knowledge, Skills, and Requirements:
To be eligible for consideration, candidates must:
Currently possess unrestricted authorization to work in the United States. Ingredion does not intend to sponsor work visas with respect to this position or to provide this position as OPT or CPT.
Be a currently enrolled student in a Bachelor’s Degree Program. If currently enrolled in an undergrad status, must have completed at least two years of coursework with status as a sophomore, junior or non-graduating senior.
If you have completed your degree, please consider other opportunities with Ingredion, posted at www.ingredion.com/careers .
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, color, religion, age, national origin, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, military status, or disability status.
Relocation Available:
No
Ingredion is a leading global ingredients solutions company. We make sweeteners, starches, nutrition ingredients and biomaterials that are used by customers in everyday products from foods and beverages to paper and pharmaceuticals.
We turn grains, fruits, vegetables and other plant materials into ingredients that make crackers crunchy, candy sweet, yogurt creamy, lotions and creams silky, plastics biodegradable and tissues softer and stronger. Our innovative ingredient solutions help customers stay on trend with simple ingredients and gluten-free or high-fiber foods that appeal to today's consumers.
Grounded in our values of Care First, Be Preferred, Everyone Belongs, Innovate Boldly and Owner's Mindset, we employ approximately 12,000 employees around the world. Our customers operate in more than 120 countries and represent 60 diverse sectors, including food, beverage, paper and corrugating, brewing and other industries.