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Sr. Manager - Protein Product Line Management

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Date: Oct 6, 2021

Location: Chesterfield, MO -Missouri, US, 63017

Company: Bunge

Bunge (NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

 

Position Summary:

The Senior Manager of Global Product Management for Plant Proteins is a member of the Protein Ingredients start-up business in Bunge. Drawing on extensive B2B product management experience they will drive (1) product insights, (2) portfolio strategies, (3) portfolio management, and (4) P&L management. Their main responsibilities are to design a portfolio based on customer needs and market trends to maximize growth; develop and implement portfolio strategies with prioritized goals linked to customer and operational plans; monitor and assess current SKU performance and rationalize SKUs; influence and help drive new product development; and, maximize portfolio profitability by managing pricing and costing for all SKUs. This role will work closely with sales, finance, marketing, R&D, operations and supply chain. It will enable Bunge to offer a portfolio that profitably meets customer needs.

 

  • Define the optimal product portfolio that will maximize growth based on customer product needs, category trends, channel dynamics, and competitor activities. Deliver as reports that include the following: product formats, sensory attributes, quality parameters, regulatory and safety needs, and features such as clean label, nutrition, allergens, sustainability, and more.
  • Develop and implement strategies that outline our product portfolio ambition, including time-bound financial goals for a prioritized product range, key customer targets for these products, an operational and footprint plan to produce them, and key competitive advantages.
  • Lead portfolio management:
    • Review and approve new SKUs and product opportunities.
    • Lead the set-up of new SKUs including packaging, key documents, and integration with SAP, Salesforce, and other systems.
    • Continuously track and scrutinize SKU performance versus business plan and utilize pricing together with sales chain to identify growth opportunities and integrate with operations to improve asset utilization.
    • Create and execute a process of ongoing SKU rationalization.
    • Develop and implement strategies with operations to optimize production line management, inventory management, warehousing, and available-to-sell management.
    • Lead the new-product-development pipeline together with marketing and R&D.
    • Investigate customer claims and help resolve quality claims and issues.
  • Drive gross margin P&L management:
    • Be a key influencer of pricing by leading market discovery and supporting the deployment of pricing as an end-to-end process that encompasses strategy, price setting governance, and enabling tools and technologies.
    • Perform pricing analytics at the customer and product levels to provide recommendations on specific pricing strategies.
    • Manage the annual pricing and contracting process, working closely with Sales leadership in crafting and implementing product line specific pricing strategies, and effectively communicating this strategy in the organization.
    • Implement new tools and processes to better understand and communicate profitability, price leakage, price variance, pricing leverage and competitive dynamics to help direct how we establish pricing in the marketplace.
    • Manage underlying cost structure, understanding and working with teams to optimize cost drivers across raw material sourcing, supply chain, production, inventory, and warehousing.
    • Optimize facility capacity and capacity line management, cost-effectively matching capacity needed with changing product demand.
    • Work with operations to find best way to handle old inventory and rework to minimize P&L impact.
    • Work with operations to understand the bottlenecks and excess capacities within facilities network.

 

Core Functions:

  • Define an optimal product portfolio and continuous process to update the business on how it should evolve based on customer needs, market trends, and operational and supply chain capabilities.
  • Develop and implement strategies that guide the business on the make-up of our product portfolio today and tomorrow to profitably meet customer needs supported by appropriate operational and supply chain plans.
  • Execute SKU set up including packaging, documents, and warehousing and integrate with operations and supply chain.
  • Continuously track and scrutinize SKU performance versus business plan and optimize pricing, capacity management, inventory, warehousing and supply chain dynamics to maximize profitability.
  • Support the implementation and management of end-to-end pricing that encompasses market discover, strategy, price setting governance, and enabling tools and technologies.
  • Establish and manage cost models that encompass key cost drivers including packaging, operations, supply chain, and more.
  • Participate in industry and customer events and assist in the creation of appropriate value propositions for targeted customer segments
  • Assist in the demand planning process
  • Recruit, lead, motivate, and manage performance of high functioning Sales team / Distributors / Business partners across Europe

 

Skill/Experience Requirements:

  • Required: MBA, Masters in Finance, or equivalent

•         Preferred: Bachelors in Engineering

  •      10+ years B2B product management experience with complex food ingredient product lines
  • Excellent experience in the following:
    • Strong business acumen
    • Strong communication and interpersonal skills to facilitate interactions with other functions
    • Strong analytical and data acumen
    • Strong organizational skills and detail orientation
    • Ability to prioritize work in dynamic environment
    • Self-motivated
    • Team player
    • Experience working cross-functionally with R&D applications and innovation, sales, finance, operations, and supply chain
    • Experience working in a matrix structured organization
  • Strongly Preferred
    • Start-up business experience
    • P&L management
    • Pricing experience
    • Team leadership

#LI-SG1

 

Bunge is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status.  Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled


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