Sr Manager Procurement Finance

Philip Morris•Stamford, CT

12h•Hybrid

About The Position

The Senior Manager Procurement Finance serves as the strategic finance partner to Procurement, driving financial governance, cost optimization, and value creation across the organization's procurement activities. This role is responsible for providing financial leadership on sourcing initiatives, vendor performance management, category strategies, and budget planning to ensure alignment with business objectives and financial targets. The ideal candidate will bring a strong combination of finance, procurement, and analytical expertise to influence decision-making, identify savings opportunities, and strengthen financial controls. This leader will work cross-functionally with Procurement, Operations, Supply Chain, FP&A, and business stakeholders to enhance procurement effectiveness while delivering measurable value to the business.

Requirements

Bachelor's degree in Finance, Accounting, Business, Supply Chain, Economics, or a related field.
7+ years of progressive experience in Finance, Procurement Finance, FP&A, Strategic Sourcing, or related business partnering roles.
Proven experience supporting procurement, supply chain, sourcing, or category management organizations.
Strong financial analysis, budgeting, forecasting, cost optimization, and business case development capabilities.
Experience conducting spend analysis and identifying opportunities for cost reduction and operational efficiencies.
Advanced analytical and problem-solving skills with the ability to translate complex data into actionable business insights.
Strong stakeholder management and influencing skills with the ability to partner effectively across functions and levels of leadership.
Proficiency with ERP systems, financial reporting tools, and Microsoft Excel.
Excellent communication, presentation, and relationship-building skills.
Legally authorized to work in the U.S.

Nice To Haves

MBA, CPA, CMA, CIMA, or other relevant professional certification.
Experience supporting large-scale procurement organizations within consumer products, manufacturing, or highly regulated industries.
Knowledge of strategic sourcing methodologies, supplier performance management, and contract negotiations.
Experience with SAP, S/4HANA, Power BI, Tableau, or other analytics platforms.
Demonstrated success leading cross-functional cost-saving and value creation initiatives.
Experience developing procurement governance frameworks and financial controls.

Responsibilities

Serve as the primary finance business partner to Procurement, providing financial guidance and strategic support across sourcing and category management activities.
Lead sourcing and negotiation support through cost analysis, business case development, and financial evaluation of supplier proposals.
Drive annual procurement budget planning, forecasting, and performance management processes.
Develop and maintain robust spend analytics to identify cost-saving opportunities and measure procurement performance.
Track procurement savings initiatives and validate financial benefits against approved business cases and category baselines.
Monitor vendor compliance, contractual obligations, and financial performance to mitigate risk and maximize value.
Partner with Procurement leadership to establish governance frameworks, financial controls, and reporting standards.
Provide insights and recommendations to leadership through financial modeling, reporting, and performance analysis.
Collaborate with cross-functional stakeholders to ensure procurement strategies align with broader business and financial objectives.
Support continuous improvement initiatives that enhance procurement processes, reporting capabilities, and cost management outcomes.