Financial Analyst - Procurement Finance

Financeroles; Town of Smithfield (NY); On-site; USD 60,000 - 88,000; Full time

Job summary

Smithfield Foods is seeking a Procurement Finance Analyst to turn data into strategic insights that optimize enterprise costs across direct materials, indirect spend, and SG&A. You will partner with Strategic Sourcing to validate savings and support business cases with robust analytics.

In this role, you will develop dashboards, monitor market trends, and contribute to TCO and ROI analyses, ensuring accurate financial reporting and strong internal controls.

Qualifications

• 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.

Responsibilities

• 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.
• 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.
• 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.
• 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.

Skills

CPG industry experience

Procurement savings methodologies

Dashboards & analytics

GAAP & financial reporting

Forecasting & cost drivers

Spend analytics tools

Tools

Power BI

SAP

ERP systems

Excel

Job description

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.

As a key member of Procurement Finance, you will transform data into actionable insights, providing critical analysis on procurement savings, costing accuracy, market trends, supplier economics, and sourcing performance. Serving as a financial partner to Strategic Sourcing teams supporting Packaging, Ingredients, MRO, Facilities Services, Technology, and Corporate Services, you will help validate savings initiatives, improve cost competitiveness, and support strategic business decisions.

This is an exciting opportunity to make a measurable impact in a high-performance environment where finance and procurement intersect to drive enterprise value.

WHAT YOU’LL DO:

The below statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. May perform other duties as assigned.

• 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:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals to perform the essential functions.

• 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 thesalary or hourly wagethe company reasonably expects to pay for a positionat 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.

Relocation Package AvailableNo

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.