Finance Analyst-Procurement-Onsite-Treasure Coast

Job Description
The FP&A Analyst will specialize in Procurement, and be responsible for managing/analyzing procurement costs, supplier performance, and related financial metrics to ensure cost-effective sourcing of materials. This role involves data analysis, budgeting, forecasting, and providing insights into procurement trends and efficiencies to improve business operations, and collaborate closely with procurement, supply chain, and finance teams to optimize purchasing strategies, ensure cost control, and enhance supplier relationships.

Key Responsibilities:

• Procurement Cost Analysis: Analyze and track procurement costs, supplier pricing, and purchasing volumes. Identify trends, variances, and inefficiencies to provide actionable insights for cost optimization.
• Forecasting & Budgeting: Prepare and maintain procurement forecasts and budgets, ensuring alignment with organizational goals. Provide input to financial planning for procurement-related expenses.
• Supplier Performance Metrics: Develop and monitor key performance indicators KPIs related to procurement efficiency, such as cost per unit, order cycle time, and supplier lead time.
• Reporting: Prepare regular reports and presentations for senior management, summarizing procurement cost trends, supplier performance, and actionable recommendations for improvement.
• Variance Analysis: Perform detailed variance analysis on procurement costs, identifying reasons for deviations from budget or forecast. Provide recommendations to improve procurement efficiency and cost control.
• Cross-Functional Collaboration: Work closely with procurement, supply chain, operations, and finance teams to gather data, ensure accurate reporting, and collaborate on cost-saving initiatives.
• Process Improvement: Identify opportunities for process improvements in procurement practices, recommending solutions to optimize purchasing, reduce costs, and enhance supplier relationships.
• Ad-hoc Analysis: Provide ad-hoc analysis to support business decisions, supplier negotiations, and special projects related to procurement efficiency.
• Systems Management: Ensure the integrity of procurement data within financial systems and recommend improvements in data collection or reporting processes.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Supply Chain Management, or a related field.
• 5+ years of experience in FP&A or a similar analytical role, preferably within procurement or supply chain management.
• Proven experience in financial analysis, with a focus on procurement costs, purchasing, or supply chain finance.
• Strong understanding of procurement cost drivers, supplier negotiations, and financial principles related to sourcing.
• Experience with financial planning software SAP and reporting tools. Advanced proficiency in Microsoft Excel, including complex functions and pivot tables.
• Strong analytical, problem-solving, and communication skills. Ability to work independently and manage multiple priorities.

• Familiarity with procurement systems and strategies. Knowledge of sourcing and supplier relationship management.