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Finance Manager-Cost
3 months ago
Nucor is North America's largest recycler and most diversified steel and steel products company. Since 1969, we've led the industry in developing innovative technologies for recycling scrap into high-quality steels that are all around us, from bridges and buildings to cars and appliances.
Basic Job Functions:
The Finance Manager – Cost & Inventory will oversee and direct all aspects of the purchasing function for the organization, including inventory management, cost control, contract negotiation, and development of purchasing strategies to meet future business needs. This role requires a strategic thinker with a keen eye for detail and a strong understanding of market trends and supply chain dynamics.
Safety is the most important part of all jobs within Nucor; therefore, candidates must be able to demonstrate the ability to initiate, lead, and uphold safety policies, practices, procedures, and housekeeping standards at all times.
Minimum Requirements:- Develop, lead, and execute purchasing strategies for inventory management to ensure optimal stock levels and turnover rates.
- Analyze market and delivery systems to assess present and future material availability and costs.
- Negotiate contracts with suppliers to obtain best terms and prices, ensuring quality and delivery standards are met.
- Collaborate with other departments to identify and implement cost-saving opportunities and efficiency improvements.
- Manage supplier relationships and evaluate their performance and compliance with contractual obligations.
- Forecast price trends and their impact on future activities.• Implement new purchasing systems and processes to improve operational efficiency.
- Prepare and manage the departmental budget.
- Train and supervise the purchasing team, setting objectives and evaluating performance.
- Ensure compliance with the company’s policies and regulatory requirements.
- Bachelor’s degree in Business Administration, Supply Chain Management, or a related field OR 20+ experience
- A minimum of 4 years of experience in a purchasing or procurement role, with at least 2years in a supervisory capacity.
- Strong understanding of supply chain management and inventory control systems.
- Proven negotiation skills and experience in contract management.
- Excellent analytical and strategic thinking abilities.
- Proficient in Microsoft Office Suite and purchasing software.
- Strong leadership and team management skills.
- Excellent communication and interpersonal skills.
The Finance Manager – Cost & Inventory will oversee and direct all aspects of the purchasing function for the organization, including inventory management, cost control, contract negotiation, and development of purchasing strategies to meet future business needs. This role requires a strategic thinker with a keen eye for detail and a strong understanding of market trends and supply chain dynamics.
