Title: FP&A Analyst – Procurement
Location: Stuart

Job Summary:

The FP&A Analyst specializing in Procurement will manage and analyze procurement costs, supplier performance, and 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. The Analyst will collaborate closely with procurement, supply chain, and finance teams to optimize purchasing strategies, control costs, 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 cost 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.

• 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.

• Reporting:
  Prepare regular reports and presentations for senior management, summarizing procurement cost trends, supplier performance, and actionable recommendations for improvement.

• 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.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Supply Chain Management, or a related field.
• Proven experience in financial analysis, focusing on procurement costs, purchasing, or supply chain finance.
• Strong understanding of procurement cost drivers, supplier negotiations, and financial principles related to sourcing.
• Advanced proficiency in Microsoft Excel, including complex functions and pivot tables.
• Experience with financial planning software (SAP) and reporting tools.
• Strong analytical, problem-solving, and communication skills.
• Ability to work independently and manage multiple priorities.
• Detail-oriented with a focus on accuracy and data integrity.

Preferred Qualifications:

• 5+ years of experience in FP&A or a similar analytical role, preferably within procurement or supply chain management.
• Familiarity with procurement systems and strategies.
• Knowledge of sourcing and supplier relationship management.

Personal Attributes:

• Strong attention to detail and data accuracy.
• Ability to translate complex procurement data into clear, actionable insights.
• Collaborative team player with the ability to work across departments.
• Strong organizational skills and time management.
• Ability to handle sensitive data and maintain confidentiality.

Posted On: Friday, April 11, 2025
Compensation: 70K-90K