Job Description:The Financial Analyst III - Procurement serves as a key finance partner to the sourcing and supply chain teams, providing data-driven insights to support purchasing and cost management decisions. This role contributes to financial planning, forecasting, and performance analysis related to direct materials and procurement activities. The analyst supports cost reduction initiatives, improves financial visibility, and helps ensure accurate and timely reporting. This position plays an important role in driving operational efficiency and supporting the organization's financial objectives.
Primary Duties - Partner with sourcing and supply chain teams to provide financial analysis supporting purchasing decisions and cost management initiatives.
- Analyze direct material spending, purchase price variances, and cost trends to identify risks and opportunities.
- Support forecasting, planning, and month-end close processes related to procurement and material costs.
- Prepare and deliver financial reporting comparing actual results to budget, forecast, and prior periods.
- Track and evaluate cost reduction initiatives and provide visibility into realized savings.
- Assist in developing and improving reporting processes to enhance data accuracy and usability.
- Identify issues, recommend solutions, and collaborate with cross-functional teams to resolve discrepancies.
- Support continuous improvement efforts to streamline financial processes and reporting activities.
- Provide ad hoc analysis and insights to support business decisions and strategic initiatives.
- Performs other duties as assigned.
Job RequirementsEducation and Experience Requirements:- Requires a Bachelor's degree in Finance, Accounting, Business, or a related field; 3+ years of experience in financial analysis, accounting, or related roles, or any combination of education and experience, which would provide an equivalent background.
- Experience in a manufacturing or supply chain environment preferred. Advanced degree or certifications preferred.
Knowledge, Skills, and Abilities:- Strong analytical and problem-solving skills with the ability to interpret financial data.
- Ability to connect procurement activities to financial performance and business outcomes.
- Effective written and verbal communication skills.
- Strong attention to detail and commitment to accuracy.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Collaborative mindset with the ability to work across functions.
- Proficiency in working with large data sets and identifying trends.
- Continuous improvement mindset with a focus on process efficiency.
Essential Mental and Physical Functions:- Frequent use of computer systems for financial analysis and reporting.
- Ability to sit for extended periods while preparing reports and analyzing data.
- Ability to manage multiple priorities while maintaining accuracy under deadlines.
- Occasional walking and standing during operational reviews or meetings.
- Ability to focus on detailed work for sustained periods.
Work Environment:- Perform all tasks primarily in an office-based environment.
- Regular interaction and collaboration with cross-functional teams.
- Occasional exposure to manufacturing or operational areas with varying noise levels.
- Compliance with all applicable safety policies to maintain a safe working environment.
- Use of personal protective equipment (PPE) as required when in operational areas.
