Financial Analyst III – Procurement

About the role

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.

Responsibilities

• 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.
• Affirm reporting processes to enhance data accuracy and usability.
• Identify issues, recommend solutions, and collaborate with cross-functional teams to resolve discrepancies.
• Assist in developing and improving reporting processes to enhance data accuracy and usability.
• Provide ad hoc analysis and insights to support business decisions and strategic initiatives.

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.
• 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.

Qualifications

• 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.

Skills

• 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.

Benefits

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.

Pay

N/A

Schedule

N/A