Finance Leader - Procurement

Overview

We are currently seeking a Finance Leader – Procurement to join our global Corporate Finance team. The preferred location for this position is our corporate office in Beachwood, OH (Cleveland area) but could also be based at our Moon Township, PA (Pittsburgh area) location. Candidates must be local and commutable to these locations as relocation assistance is not available. Travel is approximately 10%.

The expected annual salary range for this role is $146000 - $215000 a year. This position is eligible for a variable incentive program. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.

What You’ll Do

• As the Finance Leader for Global Procurement, serve as the Finance Leader and Finance Business Partner for the Global Procurement Organization (GPO) and Business SCM teams, with a focus on $12B+ spend oversight.
• Support and partner with teams to implement, support negotiations, track progress, and achieve Business and Category strategies, supplier monitoring and development, and aid in process optimization leading to value realization within Procurement across Eaton.
• Act as part of the newly created Operations Finance organization within the Supply Chain Finance team and work cross-functionally to analyze data and identify opportunities for improvement throughout the Procurement supply base (profitability, cash flow, resiliency, lead times, quality).

Responsibilities

• Partner with the GPO and Business teams to ensure Category strategies are developed and implemented for Direct Materials, Indirect Materials, and Logistics.
• Lead a team of high-level finance analysts to provide in-depth details and strategies that create alignment with the businesses for all categories around risk, opportunities, and performance.
• Identify specific opportunities and actions by leveraging SCM tools, such as should cost and total cost of ownership, to drive accountability and execute actions across the Enterprise.
• Partner with GPO, Business SCM, and Project Management teams to manage the project pipeline and project hopper progression, ensuring financial commitments are achieved.
• Lead efforts in determining and achieving targets for the annual Profit Plan, including setting specific goals and objectives for each Business and Category regarding Cost Out, Payment Terms, and Inflation Mitigation.
• Coordinate and lead monthly Actual and Forecast reviews with the GPO and Business SCM teams concerning supplier and category cost out, payment term performance, and economic impacts.
• Develop and maintain meaningful and actionable reporting on performance, including spend (purchases, receipts, invoices paid), cost out, supplier price increase requests, payment term progression, resiliency, and compliance to policy and programs at the Business and Category levels.
• Support and partner with applicable teams to implement and update policies, procedures, systems, and programs.

Basic Requirements:

• Bachelor's Degree from an accredited institution required
• Minimum of 7 years of professional experience in progressive Finance roles
• Experience as a finance business partner in a complex, best-in-class finance function
• Minimum 3 years of experience managing people
• Eaton will not consider applicants for employment immigration sponsorship or support for this position. This includes no support for CPT, OPT, STEM OPT plans, F-1 to H-1B, H-1B cap registration, O-1, E-3, TN status, I-485 job portability, etc.

Preferred Requirements:

• Bachelor’s Degree in Finance or Economics preferred, from an accredited institution
• Master’s Degree in Business Administration from an accredited institution
• Experience supporting a supply chain or procurement organization as finance partner
• FP&A and finance operations experience, including cost accounting and productivity analysis
• SAP and Oracle experience preferred
• Experience with in a global or multinational manufacturing company
• Plant-level operations finance experience helpful

• Strong analytical skills and a continuous improvement mindset
• Excellent interpersonal communication and project management abilities
• Proven cross-functional collaboration…