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Mid LevelFull-time
Salary Range
$76,500 - $103,500 /year
This salary is estimated based on similar roles. The actual salary may vary.
About the Role
The Financial Analyst, Global Sourcing will provide support to the sourcing organization with insights into the impacts of market changes on direct material spend across FBIN. This role focuses on tracking, reporting, and forecasting financial metrics to support global sourcing decisions.
Key Responsibilities
- →Provide financial support and guidance to the global sourcing organization with $2B+ in annual spend
- →Prepare monthly reporting and communication of purchase price variance, inflation, and continuous improvement activities
- →Prepare input to monthly forecasts and annual plans for direct sourcing around inflation, continuous improvement, and purchase price variance
- →Forecast supplier price changes based on commodity and currency markets
- →Track currency and commodity trigger impacts for suppliers on trigger contracts
- →Prepare purchase price variance analysis for forecast, actuals, and plan
- →Provide inputs into the annual costing cycle to ensure appropriate costs
- →Prepare standard cost roll analysis inclusive of expected inflation/deflation and MCTO impacts
- →Provide quarterly commodity inflation schedule including actuals, forecast, and plan
- →Provide tracking and accruals for vendor rebates
- →Work with the sourcing team to improve customer payment terms
- →Provide financial guidance and oversight to supplier negotiations and contract development
- →Prepare schedules around purchase price variance, inflation/deflation, and MCTO for monthly operations reviews
- →Drive continuous improvement across work processes
Requirements
- ✓Strong financial analysis background
- ✓Experience with forecasting and budgeting
- ✓Knowledge of commodity markets and currency fluctuations
- ✓Ability to analyze and interpret financial data
- ✓Experience with purchase price variance analysis
- ✓Understanding of continuous improvement methodologies
- ✓Strong communication and presentation skills
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About FortuneBrands
FortuneBrands is a leading company specializing in the development and distribution of high-quality consumer products, with a strong focus on home and hardware solutions. Operating within the home improvement and spirits industries, the company has established itself as a trusted name in both domestic and international markets. While the exact founding date is not explicitly stated, the name "FortuneBrands" suggests a legacy of success and a portfolio of well-regarded products that cater to diverse consumer needs. The company's operations are likely centered in regions where home improvement and premium spirits are in high demand, reflecting its commitment to quality and innovation. FortuneBrands offers a comprehensive range of products, including home hardware, plumbing fixtures, and premium spirits, all designed to meet the highest standards of durability, design, and performance. Key features of their offerings include advanced engineering, sustainable materials, and a focus on enhancing everyday living experiences. The company targets homeowners, contractors, and retailers who prioritize reliability and style in their purchases. By combining practical functionality with aesthetic appeal, FortuneBrands serves a broad audience that values both utility and luxury. The company has achieved notable success through strategic acquisitions and a relentless focus on innovation, positioning itself as a key player in competitive markets. FortuneBrands' unique value proposition lies in its ability to blend tradition with modernity, offering products that resonate with both classic and contemporary tastes. This approach has solidified its reputation as a leader in home and spirits categories, where it continues to set benchmarks for quality and customer satisfaction.
