Strategic Procurement Analytics Specialist (Hybrid)

Socket.dev; Lake Forest (IL); Hybrid; USD 80,000 - 90,000; Full time

Benefits offered by this job

401(k) plan with company match

Medical, dental and vision insurance

Flexible spending and health savings"

Paid vacation and sick days

Paid parental leave

Paid holidays and wellness program

Job summary

Novolex is seeking a highly analytical Procurement Analyst to join the COE Analytical Team and partner across Procurement, Finance, Engineering, Operations, Supply Chain, IT, HR, and plant leadership to drive sourcing discipline and compliance across spend categories.

The role focuses on developing scalable procurement analytics, supporting AOP, governance, and supplier performance improvements, with opportunities to influence cost savings and supplier relationships enterprise-wide.

Qualifications

• 3–7 years of experience in procurement, strategic sourcing, supply chain analytics, finance, or operations analysis.
• Strong financial modeling, spend analysis, and cost management experience.
• Advanced Excel capabilities, including complex formulas, pivot tables, data analysis, and scenario modeling.
• Experience with ERP systems, procurement platforms, or business intelligence tools (e.g., SAP, Tableau, Coupa, Power BI).
• Working knowledge of strategic sourcing, contract management, and procure-to-pay processes for procurement categories.
• Ability to manage multiple priorities, work cross-functionally, and communicate effectively in a fast-paced environment.

Responsibilities

• Develop, maintain, and continuously improve spend analytics across key spend categories.
• Build total cost of ownership models that evaluate supplier pricing, service levels, implementation costs, freight, maintenance, warranty exposure, and ongoing operating impacts.
• Support monthly, quarterly, and annual forecasting processes for spend, including budget tracking and variance analysis versus AOP.
• Provide analytical support to category leaders and business stakeholders through dashboards, scorecards, and executive-ready reporting.
• Support development, execution, and analysis of RFIs, RFPs, and RFQs across procurement categories.
• Normalize supplier proposals and perform commercial analysis on pricing, payment terms, service levels, warranty provisions, and implementation timelines.
• Track sourcing pipelines, savings delivery, contract milestones, and project implementation status across assigned categories.
• Support negotiation preparation through market benchmarking, scenario modeling, and supplier fact-based analysis.
• Support Procurement, Finance, and business teams in AOP development by modeling spend assumptions and capital investment plans.
• Maintain reporting that measures savings, cost avoidance, compliance, and spend performance versus budget and forecast.
• Support leadership reporting for monthly business reviews, quarterly business reviews, and executive updates.
• Help enforce sourcing governance, approval workflows, and documentation standards for procurement activities.
• Build dashboards, scorecards, and analytics tools using ERP, Coupa, Power BI, Excel, and other procurement systems to improve decision-making and visibility.
• Improve data quality, reporting automation, and master data discipline across procurement operations and capital project tracking.
• Support procurement process improvement, standard work, and COE capability development across sourcing and procure-to-pay activities.
• Help establish scalable best practices, templates, and governance tools that strengthen procurement execution.

Skills

Spend analysis

Financial modeling

Advanced Excel

ERP experience

Power BI/Tableau

Cross-functional collaboration

Education

Bachelor's degree in supply chain, finance, or related field

Tools

SAP

Tableau

Coupa

Power BI

Job description

Novolex is seeking a highly analytical Procurement Analyst to join the COE Analytical Team and partner across Procurement, Finance, Engineering, Operations, Supply Chain, IT, HR, and plant leadership to drive sourcing discipline and compliance across spend categories.

The role focuses on developing scalable procurement analytics, supporting AOP, governance, and supplier performance improvements, with opportunities to influence cost savings and supplier relationships enterprise-wide.