Financial Analyst - Procurement Finance

Smithfield Support Services Corp; Smithfield (VA); On-site; USD 60,000 - 88,000; Full time

Job summary

Smithfield Foods, Inc. is seeking a Procurement Finance Analyst to drive cost optimization through data-driven decision making. You will prepare reports on procurement activities, analyze spend, and develop dashboards for leadership.

The role requires experience in procurement analytics, knowledge of GAAP, and the ability to leverage Power BI, Excel, SAP, and ERP systems to generate insights and improve processes. Based in Virginia, this position supports finance and procurement leadership.

Qualifications

• Experience in procurement analytics and financial reporting.
• Knowledge of procurement savings methodologies and governance processes.
• Experience with dashboards and analytics using Power BI or similar tools.
• Understanding of GAAP and financial reporting principles.

Responsibilities

• Prepare, analyze, and distribute financial reports related to procurement activities, sourcing performance, spend management, and cost optimization initiatives.
• Develop dashboards, KPIs, ad hoc analyses, and business insights for leadership.
• Track, validate, and report procurement savings across direct materials, indirect spend, and SG&A.
• Monitor commodity markets, supplier pricing, and inflation trends to inform sourcing strategies.
• Support month-end and year-end close with accurate financial reporting and SOX compliance.
• Leverage SAP, ERP systems and Power BI to automate and improve reporting processes.

Skills

Procurement analytics

Cost optimization

Dashboards

Analytical thinking

Tools

Power BI

Excel

SAP

ERP systems

Job description

If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub. Have a seat at our table. When you join Smithfield, you become part of something special – a company that's sustainably feeding people around the world, producing good food the right way with respect for our people, animals, communities and planet. With opportunities across locations and functions, a culture grounded in our Core Four values - gratitude, communication, respect and accountability - and a strong commitment to learning, collaboration, and innovation, Smithfield offers challenging and rewarding careers where you can grow, contribute and make a real impact.

THE VALUE YOU’LL BRING:

The position summary states the general nature and purpose of the job. Overall accountabilities are defined in this section. Are you a detail-oriented professional with a passion for financial strategy, analytics, and value creation? We're looking for a dynamic analyst to join our Procurement Finance team and help drive enterprise-wide cost optimization through data-driven decision making.

WHAT YOU’LL DO:

Financial Reporting & Analysis

• Prepare, analyze, and distribute financial reports related to procurement activities, sourcing performance, spend management, and cost optimization initiatives. Evaluate actual results against forecasts, budgets, and sourcing commitments to identify trends, risks, and opportunities. Develop dashboards, KPIs, ad hoc analyses, and business insights that support strategic decision-making. Present recommendations and actionable insights to Procurement and Finance leadership.

Procurement Savings Governance & Cost Management

• Lead the tracking, validation, and reporting of procurement savings initiatives across direct materials, indirect spend, and SG&A categories. Partner with Procurement and Finance teams to ensure alignment between sourcing commitments and realized financial results. Develop and maintain methodologies for measuring cost reductions, inflation impacts, and deflation benefits. Support Total Cost of Ownership (TCO) analysis, ROI modeling, business cases, and other value-creation initiatives.

Commodity, Supplier & Market Analytics

• Monitor commodity markets, supplier pricing, inflation trends, and industry benchmarks to identify risks and opportunities. Conduct financial analysis of supplier performance, contract compliance, and sourcing strategies. Develop supplier scorecards and performance reporting tools that provide visibility into procurement effectiveness and value delivery. Utilize forecasting, scenario modeling, and trend analysis to support sourcing and procurement strategies.

Accounting, Controls & Compliance

• Support month-end, quarter-end, and year-end close activities for designated functional areas. Ensure accurate, timely, and compliant financial reporting in accordance with company policies and internal controls. Maintain adherence to Sarbanes-Oxley (SOX) requirements and safeguard confidential financial information. Partner with accounting and Finance teams to resolve reporting discrepancies and strengthen financial processes.

Systems & Process Improvement

• Leverage SAP, ERP systems, procurement platforms, Power BI, Excel, and other reporting tools to generate meaningful business insights. Automate reporting and analytics processes to improve efficiency, scalability, and data accuracy. Identify and implement continuous improvement opportunities across procurement finance reporting and analysis.

WHAT WE’RE SEEKING:

• Experience within the Consumer Packaged Goods (CPG) industry.
• Knowledge of procurement savings methodologies and sourcing governance processes.
• Experience supporting categories such as Packaging, Ingredients, MRO, Facilities Services, Technology, or Corporate Services.
• Experience developing dashboards and analytics using Power BI or similar visualization platforms.
• Understanding of commodity markets, inflation forecasting, supplier economics, and cost drivers.
• Experience with procurement systems, spend analytics platforms, and reporting automation tools.
• Knowledge of GAAP and financial reporting principles.

The expected pay range for this position is $60,000 - $87,500 annually. Smithfield Foods provides pay ranges that reflect its good faith estimate of the salary or hourly wage the company reasonably expects to pay for a position at the time of hire. Individual compensation will be determined based on several factors, including but not limited to, the scope and responsibilities of the role, location of the position, the candidate’s qualifications and experience, internal equity, external market pay for comparable positions and budget considerations. At Smithfield Foods, base pay represents only one aspect of the comprehensive total rewards package. Learn more about our benefits package here.

No EEO Information

Smithfield is an equal opportunity employer committed to workplace diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, gender identity, protected veterans status, status as a disabled individual or any other protected group status or non-job characteristic as directed by law. If you are an individual with a disability and would like to request a reasonable accommodation for any part of the employment selection process, please call us at 757-357-1595.

At Smithfield, good food starts with good people. "Good food. Responsibly.®" is more than just our tagline; it's what we do. We provide good jobs. We take good care of our animals. We are good stewards of the environment. We do good in our local communities. Smithfield is proud to offer robust, flexible and affordable benefit plans and programs to support our team members and their loved ones, and with out-of-pocket costs, on average, 20 percent less than plans offered by other employers. Beyond our medical plans, our Be Well programs offer tools and resources to enhance your quality of life, at no additional cost. These programs are uniquely tailored to our Smithfield team and provide support for elective surgeries, weight loss, mental health, cancer, kidney disease, diabetes, smoking cessation, asthma, maternity management and more. Our company invests in your future. We offer comprehensive training and professional development programs designed to help you reach your full potential. Through LinkedIn Learning, employees can access on-demand courses, professional certificates, and skill‑based training to build capabilities aligned with career and business needs. Our partnership with Guild supports your continuing education with tuition assistance covering English language learning, high school completion, and degree programs, while our leadership development initiatives nurture high‑potential talent. We also offer unique benefits like our Smithfield Scholarship Program for employees’ children.

Headquartered inSmithfield, Virginia,since 1936,Smithfield Foods, Inc. is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world. For more information, visit www.smithfieldfoods.com. We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our communities. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield®, Eckrich® and Nathan's Famous®, among many others. For more information, visit www.smithfieldfoods.com and connect with us on Facebook, X, formerly known as Twitter, LinkedIn, and Instagram.