Market Insights Analyst-Procurement

About the job (Job Responsibilities)

• Performing market analysis and developing a proprietary SPOV for Nouryon's most critical raw materials which can be used to develop and drive best in class sourcing strategies.
• Develop cost models for raw materials/ feedstock which can be used to quickly assess impact of major market moves or changes.
• Commands robust data analysis skills to support price forecasting and predictability
• Commodity supply/demand forecasts based on tracking current production and consumption and announced and presumed changes in production or consumption capacity.
• Construction of supply curves and quantification of the cost to produce for the market's incremental supplier, and cost for each new increment of supply capacity.
• A clear understanding of the price-setting mechanism currently working in the marketplace and the key drivers that could change this.
• 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 Nouryon's supply position.
• Create, maintain, and coordinate market intelligence and index data used by the procurement team.
• Publish weekly / monthly market trends report to the global/ regional category management team.

We believe you bring (Education & Experience)

• Bachelor's degree with 2-4 years experience working in Chemical market analysis & research with focus on Petrochemicals/ Specialty Chemicals.
• This position requires strong detail orientation, as well as analytical and time management skills.
• Advanced proficiency in Access and Excel. (i.e. creating macros, formulas, charts, pivot tables etc.)
• Ability to synthesize and analyze large sets of market data to yield actionable findings.
• Proven experience applying analytical and critical thinking skills, demonstrated expertise with all excel functions and linear programs.
• Advanced proficiency in PowerPoint desirable.
• Data mining, relational database and business intelligence experience.
• Strong communication skills, both verbal and written.
• Ability to organize, plan, prioritize and maintain project flexibility and deliver by deadline.
• Capable to work in team setting or independently with limited supervision.
• Familiarity in using IHS (S&P), CMA, ICIS, Platt's and other databases relevant to chemical indexes.