Financial Analyst - Procurement Finance

Smithfield Foods•Smithfield, VA

About The Position

The Financial Analyst joins Smithfield’s Procurement Finance team to support enterprise-wide cost optimization through data-driven financial analysis. The role provides financial partnership to Strategic Sourcing teams supporting Packaging, Ingredients, MRO, Facilities Services, Technology, and Corporate Services. It analyzes procurement savings, costing accuracy, market trends, supplier economics, and sourcing performance to validate savings initiatives, improve cost competitiveness, and inform strategic business decisions.

Requirements

Experience within the Consumer Packaged Goods (CPG) industry.
Knowledge of procurement savings methodologies and sourcing governance processes.
Experience supporting categories such as Packaging, Ingredients, MRO, Facilities Services, Technology, or Corporate Services.
Experience developing dashboards and analytics using Power BI or similar visualization platforms.
Understanding of commodity markets, inflation forecasting, supplier economics, and cost drivers.
Experience with procurement systems, spend analytics platforms, and reporting automation tools.
Knowledge of GAAP and financial reporting principles.

Responsibilities

Prepare, analyze, and distribute financial reports on procurement activities, sourcing performance, spend management, and cost optimization initiatives.
Compare actual results with forecasts, budgets, and sourcing commitments to identify trends, risks, and opportunities.
Develop dashboards, KPIs, ad hoc analyses, and business insights to support strategic decisions.
Present recommendations and actionable insights to Procurement and Finance leadership.
Track, validate, and report procurement savings initiatives across direct materials, indirect spend, and SG&A categories.
Partner with Procurement and Finance to align sourcing commitments with realized financial results.
Develop and maintain methodologies for measuring cost reductions, inflation impacts, and deflation benefits.
Support Total Cost of Ownership analysis, ROI modeling, business cases, and other value-creation initiatives.
Monitor commodity markets, supplier pricing, inflation trends, and industry benchmarks to identify risks and opportunities.
Analyze supplier performance, contract compliance, and sourcing strategies.
Develop supplier scorecards and performance reporting tools to show procurement effectiveness and value delivery.
Use forecasting, scenario modeling, and trend analysis to support sourcing and procurement strategies.
Support month-end, quarter-end, and year-end close activities for designated functional areas.
Ensure financial reporting is accurate, timely, and compliant with company policies and internal controls.
Adhere to Sarbanes-Oxley requirements and safeguard confidential financial information.
Partner with Accounting and Finance to resolve reporting discrepancies and strengthen financial processes.
Use SAP, ERP systems, procurement platforms, Power BI, Excel, and other reporting tools to generate business insights.
Automate reporting and analytics to improve efficiency, scalability, and data accuracy.
Identify and implement continuous improvement opportunities in procurement finance reporting and analysis.
Perform other duties as assigned.