Procurement Market Intelligence Analyst

Quaker Houghton; Conshohocken (Montgomery County); Hybrid; USD 70,000 - 100,000; Full time

Job summary

Quaker Houghton is seeking a Procurement Analyst to optimize supplier performance and conduct market analysis for key raw materials. The role supports global procurement strategies and offers competitive pay and growth opportunities in the industrial process fluids industry.

Benefits

Competitive pay programs with excellent career growth trajectory

Opportunities to contribute to business success

Work for a global leader in industrial process fluids

Qualifications

• 3-9 years experience in market analysis within petrochemical industry.

Responsibilities

• Establish and develop processes for point-of-view analysis for raw materials.
• Conduct market analysis to identify trends, opportunities, and risks.
• Negotiate contracts and agreements with suppliers.

Skills

Market analysis

Negotiation

Data analysis

Collaboration

Education

Bachelor’s degree in mathematics, chemistry, chemical engineering, economics, statistics, business or finance

Job description

About Us:

At Quaker Houghton, we are experts in the development, production and application of industrial process fluids, lubricants and coatings for the manufacturing industry. We have been an integral part in the growth of the world’s largest industrial and manufacturing companies from aerospace and automotive to primary metal and energy. Today, we have a global presence, with our corporate headquarters located in Conshohocken, PA. Quaker Houghton is a global publicly traded company with a unique collaborative culture that supports career growth for its colleagues and offers competitive compensation and benefit programs.

Position Summary:

This is a hybrid role with two main functions.

First, responsibility in this role will be to establish and develop the processes required to perform a proprietary point-of-view (POV) for key raw materials used to produce Quaker Houghton’s products. This market data and analysis function will support our global category procurement strategies. Such models and data analysis will be leveraged to maximize the profitability of each raw material commodity portfolio within the context of the overall business.

The second and more developmental responsibility will be to implement global category strategies to drive best value and optimize supplier performance. Conduct market analysis to identify trends, opportunities, and risks within assigned categories. Collaborate with internal stakeholders to align procurement strategies with business objectives. Negotiate contracts and agreements with suppliers to ensure favorable terms and conditions.

Job Accountabilities:

• Work willingly and effectively communicates globally as part of the direct procurement team at Quaker Houghton.
• Independently perform market analysis and develop a proprietary POV for Quaker Houghton’s most critical raw materials which can be used to develop and improve procurement objectives.
• Create commodity supply/demand forecasts based on tracking current production and consumption and announced and presumed changes in production or consumption capacity.
• Develop a clear understanding of the price-setting mechanism currently working in the marketplace and the key drivers that could change this, incorporate this into procurement strategy.
• Develop cost models for purchased raw materials which can be used to quickly leverage suppliers and improve “Should Cost” analysis.
• Develop an understanding of the secondary and/or related drivers for each commodity (i.e. by-product economics, co-product economics, etc.) and what effect changes in these drivers would have on Quaker Houghton’s supply position.
• Create, maintain, and coordinate the use of market intelligence and index data used by the procurement team.
• Assist in research and analysis in areas of direct procurement need including sustainability, alternate materials and arbitrage as part of the raw material POV strategies.
• Establish a process to deliver updates of the key commodity POV’s on an ongoing basis. Effectively communicate procurement analysis and strategy globally.
• Negotiate contracts and agreements with suppliers to ensure favorable terms and conditions.
• Conduct market analysis to identify trends, opportunities, and risks within assigned categories.

Education:

• Bachelor’s degree in mathematics, chemistry, chemical engineering, economics, statistics, business or finance.
• 3-9 years’ experience in market analysis within petrochemical industry.

What's in it for you:

• Competitive pay programs with excellent career growth trajectory
• Opportunities to see your efforts contribute toward the success of the business.
• Work for a global leader in the industrial process fluids industry

Quaker Houghton is an equal opportunity employer committed to creating a diverse workforce. Quaker Houghton provides equal employment opportunity for all qualified candidates. Quaker Houghton does not discriminate against any candidate for employment based on race, color, religion, sex, gender, gender identity or expression, affectional or sexual orientation, pregnancy, age, creed, ancestry, national origin, citizenship, marital or domestic partnership or civil union status, veteran’s status, physical/mental disability, genetic information, or any other category protected by U.S federal, state, and/or local employment law. Furthermore, Quaker Houghton is committed to providing reasonable accommodations to qualified candidates with physical and/or mental disabilities. Applicants with a disability who need assistance applying for a position may email [e-mail].