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Procurement Analyst: Drive Cost Savings
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Kansas City, MO, United States Russell Stover Full timeA leading chocolate manufacturer in Kansas City is seeking a Procurement Analyst to support financial insights and reporting. This role demands a Bachelor's degree and at least 3 years of relevant experience in commodity forecasting. Successful candidates will exhibit strong analytical and financial modeling skills while working closely with leadership to...
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Kansas City, MO, United States Russell Stover Full timeA leading chocolate manufacturer in Kansas City is seeking a Procurement Analyst to support financial insights and reporting. This role demands a Bachelor's degree and at least 3 years of relevant experience in commodity forecasting. Successful candidates will exhibit strong analytical and financial modeling skills while working closely with leadership to...
Procurement Analyst
2 weeks ago
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.
What you will be doing...
- 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
Do you have what it takes?
(Basic Qualifications)
- 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
(Preferred Qualifications)
- 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)
At Russell Stover Chocolates, we don't just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products, and our community. Russell Stover Chocolates is proud to be an equal-opportunity workplace.
We provide equal employment opportunities to all people without regard to race, color, national origin, ancestry, citizenship, age, religion, gender, sex, sexual orientation, gender identity, gender expression, marital status, pregnancy, physical or mental disability, protected medical condition, genetic information, military service, veteran status, or any other status or characteristic protected by law.
Employment by Russell Stover Chocolates is contingent upon I-9 Employment Eligibility Verification, passing the urinalysis drug screen, education verification, and satisfactory reference and background checks.
Make Happy. Work Happy.
