Sr. Procurement Analyst- Commodities
The Sr. Procurement Analyst - Commodities is responsible for all financial analysis and forecasting for Niagara's largest procured commodity, resin. This role will provide crucial input to leadership to support Niagara's leading low-cost global procurement strategy. In addition to preparing and presenting detailed analysis, this role will also identify opportunities to reduce Total Cost of Ownership as well as provide recommendations for process improvement and performance tracking metrics.
Essential Functions- Assist with RFP/RFQ processes from a financial lens by mapping out proposals, comparing them to benchmarks, performing sensitivity analysis, and summarizing competitiveness relative to other proposals
- Oversee all pricing related functions for the category, including inventory costing, budget-to-actual variance analysis, and costing related supply chain components
- Responsible for the creation of the annual budget, including all price forecasts used within, and presenting to senior leadership
- Conduct ad-hoc financial analysis to support the procurement efforts of the team
- Prepare weekly market commentary reports for leadership summarizing key findings from primary and secondary sources, including news articles, market reports, industry publications, and competitor analysis
- Use statistical and predictive modelling techniques, such as Regression Analysis, to develop price forecasting models for the resin Niagara procures
- Simulate different market scenarios using tools such as Monte Carlo Simulation and provide recommendations on procurement strategies under the different modelled scenarios
- Develop various risk management strategies in the context of budget protection, price management, changing regulation, and supply continuity. Present and defend recommended strategies using detailed analysis
- Identify opportunities to reduce Total Cost of Ownership (TCO)
- Provide recommendations for process improvements and performance tracking metrics
- Please note this job description is not designed to contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without prior notice.
Qualifications- Minimum Qualifications:
- 4 Years-Experience in Field or similar environment
- 4 Years-Experience in Position
- *experience may include a combination of work experience and education
- Preferred Qualifications:
- 6 Years-Experience in Field or similar environment
- 6 Years-Experience working in Position
- *experience may include a combination of work experience and education
Competencies- Predictive Modeling & Statistical Analysis: strong understanding and experience using advanced predictive modelling techniques to apply to price forecasting
- Quantitative Analysis: robust quantitative skills focused on financial analysis, and ability to apply such skills in the context of business decisions
- Communication: excellent written and verbal communication skills
- Political Skill: knows how to get things done within the political framework of an organization
- Proficient with Microsoft Office (particularly Excel and PowerPoint)
- Education
- Minimum Required:
- Bachelor's Degree in Business Administration or other related field
- Preferred:
- Master's Degree in Business Administration or other related field
Typical Compensation RangePay Rate Type: Salary
$102,975.75 - $149,314.86 / Yearly
BenefitsOur Total Rewards package is thoughtfully designed to support both you and your family:
Regular full-time team members are offered a comprehensive benefits package, while part-time, intern, and seasonal team members are offered a limited benefits package.
- Paid Time Off for holidays, sick time, and vacation time
- Paid parental and caregiver leaves
- Medical, including virtual care options
- Dental
- Vision
- 401(k) with company match
- Health Savings Account with company match
- Flexible Spending Accounts
- Expanded mental wellbeing benefits including free counseling sessions for all team members and household family members
- Family Building Benefits including enhanced fertility benefits for IVF and fertility preservation plus adoption, surrogacy, and Doula reimbursements
- Income protection including Life and AD&D, short and long-term disability, critical illness and an accident plan
- Special discount programs including pet plans, pre-paid legal services, identity theft, car rental, airport parking, etc.
- Tuition reimbursement, college savings plan and scholarship opportunities
- And more!
https://careers.niagarawater.com/us/en/benefits
