Procurement Finance Manager

JTEKT North America Corporation; Greenville (SC); Hybrid; USD 90,000 - 120,000; Full time

Job summary

A manufacturing firm in Greenville, SC is seeking a Procurement Finance Manager to ensure procurement activities align with financial goals. The role requires expertise in cost accounting, supervising cross-departmental processes, and improving material costs. Ideal candidates will have at least 10 years of experience in finance and hold a relevant bachelor's degree. This hybrid position necessitates a strong understanding of ERP systems and advanced analytical skills.

Qualifications

• Strong understanding of financial and operating processes within manufacturing.
• Excellent presentation and strong analytical skills required.
• Prior supervisory and leadership experience is preferred.

Responsibilities

• Oversee purchasing finance processes and ensure standardization.
• Act as the intermediary between Purchasing Operations and Finance.
• Implement and report KPIs for procurement activities.

Skills

Financial and operating processes understanding

Cross-functional interaction skills

Analytical skills

Advanced Excel and Microsoft tools

Knowledge of ERP systems

Ability to multi-task

Education

Bachelor of Science degree in Finance, Economics, Business or Accounting

Minimum 10 years of Purchasing, Cost Accounting or Finance

Tools

Oracle EBS

Job description

Overview

Procurement Finance Manager at JTEKT North America Corporation in Greenville, SC (Hybrid - minimum of 3 days in office).

Summary/Purpose

The Procurement Finance Manager will play a crucial role in ensuring JTEKT NA procurement activities align with KPIs and financial goals and support process definition and alignment. The ideal candidate will leverage their accounting expertise to understand, analyze and improve material costs, Annual Price Reviews (APRs), and other procurement-related processes. This position offers an opportunity to drive operational excellence in North American operations by ensuring cost control, budgeting and reporting, and fostering collaboration between Finance and Procurement teams.

Responsibilities

• Oversee the development and maintenance of purchasing finance processes, analytics and reports while ensuring standardization and alignment to established procedures and policies across all plants and business units.
• Act as the intermediary between Purchasing Operations and Finance functions (e.g., Controlling, Accounting and Treasury), facilitating communication and collaboration.
• Implement, validate, and report KPI’s of Plant and Procurement activities for top 20 vendors with clear connections to financial performance (PPV).
• Gain a thorough understanding of material costs and pricing structures.
• Serve as the liaison between Purchasing Operations and Plant Controllers for annual cost roll to ensure consistency and understanding of financial impacts.
• Support initiatives such as cost reduction and commercial cost management to track variable cost savings, manage budgets, and optimize costs by product.
• Extract and analyze data from Oracle EBS to generate management reports, track KPIs, and support decision-making.
• Conduct company-wide trend analyses on raw materials, explain variances, and support the preparation of annual budgets and savings objectives.

Supervisory Responsibilities

• This position has no supervisory responsibilities.

Job Knowledge, Skills and Abilities

• Strong understanding of financial and operating processes and procedures within a manufacturing organization
• Ability to interact cross-functionally with Engineering, Manufacturing, Finance, Procurement, Quality, Operations and other departments
• Excellent presentation skills and strong analytical skills
• Advanced Excel and Microsoft tools
• Knowledge of ERP systems and experience integrating procurement data into financial reporting systems
• High level of enthusiasm and creativity
• Ability to multi-task and adapt easily to change, including prioritization of assignments

Education and Experience

• Minimum 10 years of Purchasing, Cost Accounting or Finance
• Bachelor of Science degree in Finance, Economics, Business or Accounting
• Prior supervisory and leadership experience
• Experience with financial forecasting, budgeting and variance analysis

Work Environment/Physical Demands

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Work is mostly performed in a normal office setting with minimal exposure to health or safety hazards, and with substantial time spent working on a computer. Requires sufficient hand, arm, and finger dexterity to operate computer keyboard and other office equipment.
• The performance of this position may occasionally require exposure to manufacturing areas which require the use of personal protective equipment such as safety glasses with side shields and mandatory hearing protection.
• Occasional travel by automobile and plane required (approximately 5-10%).