Manager, Procurement FP&A

Worldpac Canada Inc; Oakbrook Terrace (IL); On-site; USD 110,000 - 130,000; Full time

Job summary

Worldpac, a leading automotive parts distributor in the United States, is seeking a Manager, FP&A - Procurement to own planning, forecasting, and analytics for third‑party spend, including OE and aftermarket costs. You will partner with Procurement, Merchandising, and Supply Chain to drive cost savings and margin improvements through data‑driven decisions.

The role emphasizes credibility with category leaders, cross‑functional leadership, and building predictive models focused on cash flow,

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Five+ years of FP&A or related experience.
• Experience supporting Procurement/Sourcing/Merchandising/SC.
• Ownership of budget and forecast cycle.
• Proven cost‑savings business cases and tracking.
• Advanced Excel and financial modeling.
• Understanding of spend and inventory accounting.
• Excellent written and verbal communication skills.
• Willingness to challenge assumptions with data.

Responsibilities

• Manage the annual budget and rolling forecast for total third‑party spend.
• Model fully landed unit cost for imported OE and aftermarket parts.
• Act as the financial gatekeeper for the Procurement savings pipeline.
• Bridge savings to P&L and budget outcomes; explain leakage.
• Provide analytics for RFPs, RFQs, and supplier reviews; should-cost models.
• Quantify impact of supplier price increases; model pass-through or margin impact.
• Model tariff, duty, and FX exposure; assess mitigation strategies.
• Evaluate financial impact of supplier agreements and terms.
• Quantify working capital impact of buy decisions and lead times.
• Partner with Treasury and Accounts Payable on cash optimization.
• Deliver recurring procurement scorecards and leadership reports.
• Improve data quality and automation across ERP and planning systems.

Skills

Advanced Excel

Financial modeling

Should-cost modeling

Scenario analysis

Cost variance analysis

Cross-functional collaboration

Education

Bachelor's degree in Finance, Accounting, Economics, or related field

MBA, CPA, CMA, or CFA

Tools

SQL

Power BI

Tableau

Job description

About Worldpac

Worldpac, LLC is a leading wholesale distributor of original equipment (OE) and premium aftermarket automotive replacement parts, serving professional independent service centers across North America since 1969. Formed in 1995 through the combination of several of the top import parts companies, Worldpac today offers more than 200,000 part numbers covering 41+ import and domestic carlines, supported by an online catalog and fulfillment platform, speedDIAL, that spans over 25 million vehicle applications. Our network of 320+ strategically located facilities, sophisticated automation, and same-day delivery capability are the backbone of our commitment to delivering The Right Part at The Right Time. The company also includes Worldpac Canada and the Redline Weber division, and supports its customers through the Worldpac Training Institute.

About Worldpac

Worldpac, LLC is a leading wholesale distributor of original equipment (OE) and premium aftermarket automotive replacement parts, serving professional independent service centers across North America since 1969. Formed in 1995 through the combination of several of the top import parts companies, Worldpac today offers more than 200,000 part numbers covering 41+ import and domestic carlines, supported by an online catalog and fulfillment platform, speedDIAL, that spans over 25 million vehicle applications. Our network of 320+ strategically located facilities, sophisticated automation, and same-day delivery capability are the backbone of our commitment to delivering The Right Part at The Right Time. The company also includes Worldpac Canada and the Redline Weber division, and supports its customers through the Worldpac Training Institute. Worldpac has operated as an independent, privately held company since November 2024, when it was acquired by Carlyle from Advance Auto Parts. Standing up as a standalone business has created a significant agenda in procurement, cost management, and financial capability building - and this role sits at the center of it. Worldpac regards its suppliers as essential team members. Our values commit us to treating suppliers with the same respect we show our customers and associates, to fair treatment and honest feedback, and to frank, fearless, and constructive communication. The person in this role is expected to bring rigor and candor to spend decisions while upholding those supplier relationships. Position Summary The Manager, FP&A - Procurement is the dedicated finance business partner to Worldpac's Procurement, Merchandising. This role owns the planning, forecasting, and analytics for the company's third-party spend - from OE and aftermarket product cost facilities, packaging, IT, and services. It is accountable for quantifying, validating, and tracking cost savings and supplier program income through to the P&L, and for giving Procurement leaders the financial insight to negotiate from a position of fact. Success in this role depends as much on commercial judgment and credibility with category leaders as on technical FP&A skill.

Core Responsibilities - Procurement & Supply Chain Partnership

• Spend planning and forecasting. Own the annual budget and rolling forecast for total third-party spend across product cost, inbound freight and duty, and indirect categories, building bottom-up plans by supplier, category, carline, and cost center in partnership with Category and Sourcing Managers.
• Landed cost and product cost modeling. Model fully landed unit cost for imported OE and aftermarket parts - supplier price, Incoterms, ocean and air freight, duty and tariff, customs brokerage, drayage, and inbound handling - and quantify how changes in any input flow through gross margin by carline and product line.
• Savings pipeline governance. Act as the financial gatekeeper for the Procurement savings pipeline: validate baselines, methodology, and run-rate assumptions for every initiative, and classify benefit as hard (budget-reducing), cost avoidance, margin accretion, or working-capital gain.
• Savings-to-P&L reconciliation. Build and maintain the bridge from reported Procurement savings to actual P&L and budget outcomes, and explain leakage between negotiated and realized benefit to Finance, Procurement, and ownership.
• Sourcing and negotiation support. Provide the analytics behind RFPs, RFQs, supplier line reviews, and renewals - should-cost models, total cost of ownership, bid comparison and scenario analysis, price-volume-mix decomposition, and breakeven analysis on volume commitments and tiered pricing.
• Supplier price-increase defense. Quantify and pressure-test supplier price-increase requests against commodity indices, FX movement, freight rates, and published inflation data; build the counter-proposal case and model the pass-through or margin impact of accepting, deferring, or rejecting each request.
• Tariff, duty, and FX exposure. Model exposure across a globally sourced supply base - tariff and trade-policy changes, country-of-origin shifts, duty classification, and currency movement on non-USD purchases - and support mitigation strategies including alternative sourcing, forward buying, and pricing action.
• Contract and commercial terms analysis. Evaluate the financial impact of supplier agreements: payment terms, rebate structures, indexation and escalator clauses, minimum purchase commitments, exclusivity, price protection, and termination provisions - quantifying the EBITDA and cash flow effect of each.
• Inventory and working capital. Quantify the working capital impact of buying decisions - order quantities, early-buy programs, safety stock, and supplier lead times - and partner with Merchandising on the cost of excess and obsolete inventory, return-to-vendor recovery, and inventory turn by category.
• Payment terms and cash optimization. Work with Treasury and Accounts Payable on payment-term extension, early-payment and cash-discount economics, and supply chain finance programs; quantify DPO and free cash flow impact.
• Spend and supplier analytics. Deliver recurring analytics on spend under management, supplier concentration and single-source risk, tail spend, off-contract and non-PO spend, contract compliance, and purchase price variance versus contracted or quoted cost.
• Make-versus-buy and network decisions. Lead the financial evaluation of make-versus-buy, insource-versus-outsource, supplier consolidation, and facility or DC sourcing decisions, including transition and stranded costs.
• Procurement scorecard and reviews. Own the monthly Procurement and spend scorecard - savings realization versus target, spend under management, PO and contract compliance, purchase price variance, landed cost trend, and supplier performance - and present the drivers, risks, and required decisions to leadership.
• Close and accrual support. Partner with Accounting on spend, freight, rebate, and allowance accruals, purchase price variance explanation, and investigation of significant spend and cost variances at month-end.

Core Responsibilities - Broader FP&A

• Management reporting. Prepare monthly and quarterly reporting packages and executive-ready materials, including materials supporting board and ownership reporting, that translate spend and cost analytics into clear recommendations.
• Data, systems, and automation. Improve the structure, quality, and automation of spend and cost data across ERP, purchasing, and planning systems; drive spend taxonomy and supplier master data hygiene with Procurement Operations and IT, reducing manual reporting effort.
• Cross-functional partnership. Work across Merchandising, Supply Chain and Distribution, Transportation, Sales, IT, Legal, and Accounting to align spend plans with commercial and operating objectives.
• Standalone and transformation support. Support cost-transformation, supplier consolidation, and standalone-company initiatives with business cases, tracking, and post-implementation review of realized versus projected benefit.
• Process improvement and team development. Replace ad-hoc analysis with repeatable, documented standards; mentor analysts, review their work for accuracy and analytical rigor, and raise the standard of financial support delivered to Procurement.

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Supply Chain, or a related quantitative field.
• Five or more years of progressive FP&A, commercial finance, or corporate finance experience, including direct support of Procurement, Sourcing, Merchandising, or Supply Chain.
• Demonstrated ownership of a full budget and forecast cycle for a meaningful spend or cost base, including variance analysis and executive-facing narrative.
• Proven record of building and independently validating cost savings business cases and tracking realization through to the financial statements.
• Advanced Excel and financial modeling capability - scenario and sensitivity analysis, should-cost and landed-cost models, price-volume-mix analysis, and comfort working with large transactional datasets.
• Solid grounding in the accounting behind spend and inventory - accruals, purchase price variance, landed cost capitalization, rebate and allowance accounting, and excess and obsolete reserves.
• Excellent written and verbal communication skills, with the ability to explain financial analysis to non-financial partners and to hold a well-supported position in a commercial negotiation setting.
• Intellectual honesty and the willingness to challenge assumptions - including those of senior stakeholders and suppliers - directly, constructively, and with data.

Preferred Qualifications

• MBA, CPA, CMA, or CFA.
• Experience in automotive aftermarket, wholesale distribution, or multi-site logistics-intensive businesses with significant product cost, freight, and supplier program economics.
• Experience with imported goods - Incoterms, customs and duty, tariff classification, ocean freight contracting, and FX exposure on foreign-currency purchases.
• Familiarity with supplier rebate, allowance, and vendor program income structures common to distribution.
• Proficiency in SQL, Power BI, or Tableau, and the ability to build self-service reporting for business partners.
• Experience in a private-equity-owned or recently carved-out business, including value-creation plan tracking and cost-transformation or zero-based budgeting programs.

How Success Will Be Measured

• Accuracy and reliability of the spend, product cost, and freight forecast, measured by variance to actuals.
• Share of Procurement-reported savings and supplier program income independently validated by Finance and traceable to the P&L.
• Reduction in unexplained purchase price variance, off-contract spend, and landed cost surprises.
• Timeliness and decision usefulness of the monthly Procurement scorecard, supplier line reviews, and category reviews.
• Procurement, Merchandising, and Supply Chain leadership's assessment of Finance as a credible, responsive commercial partner.

Working at Worldpac

Worldpac associates are guided by a shared set of values: respect for one another, customer satisfaction, regard for suppliers as essential team members, accountability for the quality of our work, integrity in all we do, leadership through competence and teamwork, and an environment of fun and pride. We look for people who communicate frankly and constructively, take ownership of their results, and want to build something in a business that is growing and changing.

Posted Salary Range

USD $110,000.00 - USD $130,000.00 /Yr.