Commodities Analyst

Company Description

Pick Your Part is a leading self-service auto salvage yard, trusted by millions of drivers for quality auto parts at accessible prices. With locations across the nation, we enable customers to extend the life of their vehicles through affordable repairs while making sustainable choices that benefit the environment. Our mission is to empower drivers, mechanics, and enthusiasts with the tools, access, and confidence they need to find and use the right parts. We are committed to supporting communities by reducing waste and providing reliable, budget-friendly solutions. Join us as we innovate and grow, making automotive repairs more sustainable and convenient for drivers everywhere.

Role Description

This is a full-time on-site position located in Brentwood, TN, for a Commodity Analyst. The Commodity Analyst will be responsible for conducting market analysis, monitoring trends in the scrap metal market, and analyzing trading data. The role involves evaluating market conditions, creating financial models, and providing actionable insights to optimize purchasing, pricing strategies, and inventory management.

Key Responsibilities

Market Analysis and Forecasting:

• Monitor daily scrap metal market trends, global supply and demand, and economic conditions that influence prices.
• Use statistical analysis and forecasting models to predict price fluctuations and market trends.
• Track the prices of key commodities like ferrous and non-ferrous metals to determine optimal pricing strategies.

Pricing and Strategy:

• Develop and update daily price sheets for scrap materials purchased and sold at the salvage yard.
• Collaborate with the purchasing and sales teams to implement strategies that optimize input costs and maximize sales revenue.
• Provide market insights to senior management to guide strategic decision-making.

Risk Management:

• Analyze potential risks associated with market volatility and geopolitical events.
• Provide analysis to help the company determine when to buy, sell, or hold inventory based on market conditions.

Reporting and Communication:

• Generate regular reports on market trends, commodity prices, and financial performance.
• Communicate market changes and pricing strategies to relevant stakeholders, including yard managers, procurement, and sales teams.

Data and Systems Management:

• Utilize spreadsheets, databases, and market intelligence software to organize and analyze data.
• Maintain accurate records of all commodity transactions and market information

Business Intelligence & Analytics

• Develop, deploy, and maintain scalable and interactive Excel and Power BI dashboards and reports to track key performance indicators (KPIs) and visualize commodity market trends.
• Convert raw data sets from multiple sources into insightful, actionable information by developing and automating reports and dashboards in Power BI and Excel.
• Develop and maintain analytical tools (e.g., pricing models) for total cost of ownership (TCO) and price optimization opportunities.
• Present analysis to internal and external audiences at all organizational levels in a user-friendly, intelligent way.

Qualifications

• Strong proficiency in Market Analysis and a deep understanding of Commodity Markets
• Exceptional Analytical Skills with experience in evaluating large data sets to identify trends and insights
• Knowledge of Trading and familiarity with pricing strategies in commodity environments
• Background in Finance, including financial modeling and performance analysis
• Proficiency in data visualization tools and advanced Microsoft Excel skills
• Effective communication and problem-solving abilities, with attention to detail and accuracy
• Bachelor's degree in Finance, Economics, Business Administration, or a related field required
• Previous experience in commodity analysis or similar roles is preferred