Sr Manager Procurement Finance

Downers Grove, 3333 Finley Rd, Downers Grove, Illinois, United States of America

Job Summary

The Senior Finance Manager, Procurement is a strategic business partner to the Procurement organization, responsible for driving value creation through financial leadership, sourcing strategy support, productivity delivery, capital investment governance, and enterprise-wide cost optimization. This role partners closely with Procurement, Supply Chain, Manufacturing, Engineering, R&D, and Commercial teams to influence sourcing decisions, improve profitability, and ensure disciplined execution of cost savings and capital investment programs.

As a key member of both the Finance and Procurement leadership teams, the Senior Finance Manager provides financial insight, challenge, and governance to maximize shareholder value while supporting long-term growth, supply resiliency, and operational excellence.

Key Responsibilities

Strategic Procurement Finance Partnership

• Serve as the primary finance business partner to Procurement leadership.
• Influence sourcing strategies through financial analysis, market intelligence, risk assessment, and value creation opportunities.
• Support development and execution of annual procurement strategies across direct materials, indirect spend, logistics, packaging, commodities, and services.
• Provide financial leadership in supplier negotiations, contract evaluations, and strategic sourcing initiatives.
• Partner with category managers to identify and deliver sustainable productivity and cost savings opportunities.

Cost savings and Productivity management

• Lead governance of procurement productivity programs and ensure accurate tracking of savings realization.
• Validate savings methodologies, financial impacts, timing of benefits, and P&L delivery.
• Establish robust controls to measure cost avoidance, cost reduction, value engineering, and supplier innovation programs.
• Develop executive reporting and dashboards to monitor procurement performance against financial commitments.
• Drive continuous improvement initiatives to optimize total cost.

Commodity and Market analytics

• Translate commodity market trends, inflation, currency impacts, and economic drivers into actionable financial insights.
• Assess risks and opportunities related to raw material markets including agricultural commodities, packaging materials, resins, chemicals, energy, and transportation.
• Support forecasting and scenario planning for commodity volatility and supply chain disruptions.
• Develop financial models to support hedging strategies and risk mitigation initiatives where applicable.

Cost Optimization & Productivity

• Identify and drive cost reduction and productivity initiatives across the network.
• Lead analysis of COGS, manufacturing variances, overhead absorption, and other key cost drivers.
• Support evaluation of automation, process redesign, sourcing changes, and footprint initiatives.

Capital Investment Procurement Finance support

• Partner with Engineering, Manufacturing, Procurement, and Capital Project teams on strategic capital investment programs.
• Provide financial leadership for major capital equipment sourcing decisions, plant expansions, manufacturing automation, and supply chain network investments.
• Evaluate supplier proposals, commercial terms, total cost of ownership, and project economics.
• Lead financial assessment of capital procurement strategies including should-cost analyses, vendor selection, and sourcing recommendations.
• Validate business cases, ROI, NPV, IRR, payback, and cash flow projections for capital investments.
• Monitor project spend, capital commitments, forecasts, and financial benefits realization throughout project life cycles.
• Ensure compliance with corporate capital governance and investment approval requirements.

Financial Planning and Analysis

• Lead budget, forecast, strategic plan, and monthly performance review processes for procurement-related spend categories.
• Partner with business leaders to identify risks, opportunities, and corrective actions.
• Develop long-range financial plans linked to sourcing and productivity strategies.
• Support annual operating plan development and tracking of procurement initiatives.

Governance and Controls

• Ensure compliance with financial policies, procurement procedures, and internal controls.
• Drive transparency and consistency in savings reporting, capital project accounting, and investment tracking.
• Support internal and external audit requirements related to procurement and capital expenditures.
• Establish best practices for financial stewardship across procurement activities.

Qualifications

Required

• Bachelor’s degree in Finance, Accounting, Economics, Engineering, or related field.
• 8+ years of progressive finance experience within a manufacturing, consumer products, industrial, or supply chain environment.
• Experience supporting Procurement, Supply Chain, Manufacturing, Engineering, or Operations functions.
• Strong expertise in financial planning, business partnering, investment analysis, and cost…