A Procurement or Sourcing Manager manages the procurement of supplies for a company or organization. Develops policies and schedules for regular procurements. Trains and supervises staff, develops relationships with suppliers, researches and inspects supplies, and negotiates supply and shipping prices.
Position Summary The Senior Manager, Procurement FP&A serves as the primary finance business partner to the Chief Procurement Officer and Procurement leadership team. This role is responsible for leading financial planning, forecasting, savings validation, spend analytics, and executive reporting activities that support procurement operations, enterprise cost management, working capital improvement, and cash flow performance. The position will drive visibility into procurement performance through forecasting, supplier analytics, savings program management, and strategic planning processes, with a particular focus on improving cash flow and working capital outcomes. The role will also lead the financial content and analytics supporting the Supply Chain, Inventory, Operations, and Procurement (SIOP) process from a procurement and supply perspective. This role serves as a key conduit between Accounting, Operations, and Procurement teams, ensuring financial visibility, alignment, and informed decision-making across functions. The position requires a highly analytical leader with strong FP&A expertise, executive presence, and the ability to influence cross-functional stakeholders across Procurement, Operations, Supply Chain, Accounting, and Finance. The Senior Manager, Procurement FP&A reports directly to the Vice President of FP&A and Pricing. Key Responsibilities Financial Planning & Forecasting Lead monthly, quarterly, and annual financial planning processes for Procurement and Supply Chain activities (direct and indirect materials), including Budget, monthly forecasts, and Long-Range Planning. Develop and maintain forecasts related to procurement savings initiatives (cost savings and avoidance), supplier rebate programs (rebates, marketing credits, and other programs), cost inflation and deflation, inventory-related initiatives, and strategic programs. Identify risks and opportunities impacting procurement financial performance and recommend mitigation plans. Develop and publish management reporting, dashboards, and financial analytics to improve visibility and decision support. Serve as the finance subject matter expert for procurement spend and savings tracking Collaborate cross-functionally with Procurement, Operations, Supply Chain, Accounting, Treasury, and FP&A teams to drive enterprise objectives. Driving process improvement in procurement operations to improve efficiency effectiveness and controls. Procurement Analytics & Performance Management Lead analysis of procurement performance across suppliers, spend categories, and business units. Oversee procurement spend reporting and provide insights into supplier payment terms changes and impact on Supply Chain Financing (program for extended payment terms). Coordinate, validate, and monitor procurement cost savings and cost avoidance programs with category managers and leadership. Develop reporting and KPIs to measure savings performance, supplier rebate realization, spend efficiency, working capital impact, and overall procurement financial performance. Support supplier negotiations and sourcing initiatives through financial modeling, business case development, and profitability analysis. Evaluate the financial impact of sourcing decisions and recommend opportunities to improve cost efficiency and working capital performance. Provide ad hoc financial analysis and executive support for strategic initiatives and leadership requests, including special projects supporting Procurement, Finance transformation, and operational excellence initiatives. SIOP Financial Leadership Own all procurement-related financial analytics and materials supporting the Supply Chain, Inventory, Operations, and Procurement (SIOP) process. Prepare financial presentations and executive reporting for recurring SIOP meetings. Provide insights on inventory levels, procurement performance, supplier risks, working capital, service levels, and demand and supply assumptions. Translate procurement and operational metrics into financial impacts and recommendations. Team Leadership Develop, mentor, and manage team members to ensure delivery of high-quality, timely, and actionable financial analysis and reporting. Foster a collaborative, high-performance team environment focused on continuous improvement and business partnership. Qualifications Required Qualifications Bachelor's degree in Finance, Accounting, Economics, or related field. 8+ years of progressive experience in Finance, FP&A, Procurement Finance, or Supply Chain Finance. Experience supporting Procurement or Operations organizations in product-based industry (e.g., distribution, manufacturing, wholesale, or aftermarket/industrial goods) Strong financial modeling, forecasting, and variance analysis capabilities. Demonstrated experience managing budgeting, planning, and reporting processes. Advanced Excel and financial systems proficiency. Strong communication, presentation, and stakeholder management skills. Preferred Qualifications Experience with procurement savings programs and working capital management. Knowledge of DPO metrics and procurement operational drivers. Experience supporting executive-level business partners, preferably a Chief Procurement Officer or Procurement leader. Prior experience in a private equity-backed companies Experience with supplier rebate programs and sourcing financial analysis. Experience with business intelligence and visualization tools (Power BI, Tableau, Snowflake, etc.). Prior people management experience. Key Competencies Strategic business partnership Financial planning and analysis Procurement and spend analytics Savings and working capital management Executive communication Leadership and talent development Problem solving and critical thinking Process improvement and automation Cross-functional collaboration Results orientation Executive presence and influence Success Measures Forecast accuracy and financial predictability Procurement savings realization DPO and working capital performance Timeliness and quality of reporting Savings forecast accuracy for cost savings and cost avoidance programs Effectiveness of supplier rebate and savings programs Quality of strategic supplier reviews and contract analysis Process efficiency improvements Stakeholder satisfaction and partnership effectiveness Team development and engagement
