Job Title: Finance Manager - ProcurementJob DescriptionThe Finance Manager - Procurement provides end-to-end financial leadership for procurement activities across ingredients, packaging, and indirect categories. This role builds and owns core financial processes for budgeting, forecasting, performance reporting, and productivity tracking, while partnering closely with sourcing, supply chain, operations, and commercial finance teams. The position focuses on understanding the impact of inflation and deflation on input costs, influencing sourcing strategies through robust financial analysis, and delivering clear, executive-ready insights that support value creation and risk management within the supply chain.
Responsibilities- Develop a comprehensive analysis and reporting framework to clearly quantify and explain the impact of inflation and deflation on input costs.
- Own procurement budgeting, forecasting, and latest estimate processes, partnering with sourcing managers to ensure accurate assumptions, financial integrity, and alignment with corporate planning cycles.
- Lead monthly procurement financial performance reporting, including purchase price variance (PPV), productivity, days payable outstanding (DPO), and risk identification, acting as the primary finance business partner for procurement across ingredients, packaging, and indirect categories.
- Conduct regular business review meetings with key stakeholders to assess financial performance, risks, and opportunities, and to recommend actions that improve results.
- Influence sourcing and supplier strategies through detailed financial analysis, business cases, pricing models, cost scenarios, and supplier evaluations.
- Control and oversee the financial aspects of procurement to ensure accurate reporting, effective productivity planning, and compliance with finance policies.
- Deliver clear, concise, leadership-ready insights in collaboration with sourcing managers, translating complex data into actionable recommendations.
- Liaise with the Commodity Price Risk Management team and relevant external partners to align on commodity exposure, hedging positions, and financial impacts.
- Ensure ongoing alignment between Procurement, Finance, and the broader business regarding financial results, key assumptions, and performance tracking methodologies.
- Govern, validate, and track procurement savings, productivity, and DPO initiatives, ensuring compliance with corporate finance definitions, timing, and sustainability impact requirements.
- Own the onboarding and training of new procurement team members on financial processes, tools, and activities to build financial capability within the function.
- Provide commercial finance support for sourcing decisions, including developing business cases, building pricing models, evaluating cost scenarios, and supporting supplier selection.
- Act as a business partner to procurement, supply chain, operations, and commercial finance teams to ensure strategies, initiatives, and financial information are accurately reflected in plans and results.
- Support cross-functional and ad hoc initiatives across supply chain and logistics, including total cost of ownership (TCO) modeling, optimization efforts, and value creation projects.
- Formulate and produce executive-level communications and reports on commodity exposure, coverage, and hedge activities to support.
- Identify and remove process bottlenecks, champion continuous improvement, and proactively seek opportunities to streamline and enhance financial and procurement processes.
- Lead the month-end close process for procurement-related journal entries, ensuring all entries and supporting documentation are complete, accurate, and compliant.
- Ensure Blackline reconciliations, where required, are sufficient, complete, and properly documented.
- Lead the procurement productivity tracking process, ensuring project-level transparency to the profit and loss (P&L) and clear linkage to financial results.
- Support forecasting and the annual productivity budget process, ensuring that procurement initiatives are accurately reflected in budgets and outlooks.
- Drive and contribute to special projects as required, providing financial expertise and analytical support to strategic initiatives.
Skills & Qualifications- Experience working in a procurement or supply chain finance role within a complex, multi-category environment.
- Experience in commodity price risk management or exposure analysis is an asset.
- Familiarity with total cost of ownership (TCO) modeling and value creation projects across supply chain and logistics.
- Experience using Blackline or similar reconciliation tools to support financial control and compliance.
- Ability to design and implement analysis and reporting frameworks that enhance visibility into cost drivers and performance.
- Experience training and onboarding team members on financial processes and tools.
- Comfort working in a hybrid environment and collaborating effectively with cross-functional teams.
- Prior exposure to productivity tracking and linking project-level initiatives to P&L outcomes.
Work EnvironmentThis role operates in a hybrid work environment.
Job Type & LocationThis is a Permanent position based out of Etobicoke, ON.
Pay and BenefitsThe pay range for this position is $120000.00 - $135000.00/yr.
Workplace TypeThis is a hybrid position in Etobicoke,ON.
