Procurement Analyst

Russell Stover•Kansas City, MO

19h

About The Position

At Russell Stover, not only do we love chocolate, but we love our jobs! Every day we go to work exhibiting our values of excellence, innovation, entrepreneurship, responsibility, and collaboration. Working at Russell Stover you’ll be part of the leading manufacturer of boxed, seasonal, and sugar-free chocolates. For over 100 years, Russell Stover Chocolates, Whitman’s, and Pangburn’s have been crafted with the finest ingredients to bring happiness to generations. Today, we produce over 55 million pounds of chocolate annually, and our legacy brands can be found in 13 company-owned stores and over 9,000 wholesale accounts. Join our team and let’s continue making chocolate lovers happy! A day in the life… As a Procurement Analyst, you will support the Procurement team across Russell Stover by delivering financial insights, managing reporting cycles, building data models, dashboards, inventory and forecasting tools. You will have deep experience in commodity driven businesses, understand market volatility, cost drivers and margin optimization, and it’s impact on overall business profitability. You will be a key partner to the VP of Sourcing with frequent collaboration with the Director of Finance Operations and occasional engagement with C-Suite leaders.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, Agriculture, or a related field; equivalent work experience will be considered
Minimum of 3 years of relevant experience
Proven experience in commodity forecasting and risk assessment
Strong analytical and financial modeling skills; proficiency in Excel and financial tools is required
Excellent verbal and written communication skills; fluency in English is required, with or without accommodation
Demonstrated ability to work collaboratively across teams
Experience with SAP and PowerBI
High attention to detail and accuracy
Ability to work independently as well as within a team environment
Results-oriented with a strong drive to meet objectives

Nice To Haves

Prior experience in fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) industries
Solid understanding of procurement processes and key financial performance indicators (KPI’s)

Responsibilities

Develop COGS simulation tools and predictive modeling / scenario-based commodity price forecasts
PPV analysis and root cause validation and follow up with sourcing leaders
Inventory reporting (Raw Materials and Packaging)
Perform COGS analytics and internal benchmarking across sister companies, external partners and markets
Evaluate and report hard and soft cost savings, cost avoidance and cash flow improvements
Lead the payment term improvement roadmap in collaboration with Sourcing Managers
Lead the monthly validation of actual cost savings, projected savings, and cash flow improvement initiatives
Manage procurement (including third-party manufacturing) financial reporting cycles including price forecasting, budget and monthly actuals, and PPV forecasts.
Evaluate and generate consolidated raw material and packaging spend forecast and prepare supporting analysis
Tariff Analysis and exposure based on Origin Source
Perform quarterly financial risk reporting and work with sourcing leaders to address high risk suppliers
Adhere to Good Manufacturing Practices (GMP) to ensure product quality and maintain compliance with food safety standards
Complete and follow FSQA training and programs to comply with regulatory requirements, ensure consumer safety, and support the plant’s food safety and quality objectives
Promptly report and take appropriate action on any observed or potential food safety hazards, process deviations, or non-conformities by notifying the designated plant supervisor, in accordance with your role and responsibilities
Actively contributes to the continuous improvement of the company’s Food Safety Culture through engagement and actions aligned with your role