Procurement Controlling

Position Title:

Key Responsibilities

1. Material Efficiency Controlling

• Target Setting & Breakdown:

  Define material efficiency targets and break them down to the buyer/supplier level. Use data analytics to optimize target allocation based on historical performance.

• Performance Monitoring & Steering:

  Monitor procurement results and material efficiency. Provide weekly Plan vs. Actual updates, leveraging analytics to drive corrective actions through dashboards and digital tools.

• Business Steering:

  Identify po

• Comet vs. EBIT Gap Analysis:

  Review and reconcile gaps between Procurement systems and Finance systems and closely work with Procurement team to define steps for minimizing the gaps effectively.
• Approve One-Time Payments (OTP) to suppliers, ensuring alignment with financial guidelines and controls.
• Document and manage risk mapping, ensuring all potential risks are identified and aligned with planning timelines and Actual reporting timelines.

• Trend Analysis:

  Analyze historical trends in material costs, procurement patterns, and supplier performance to identify cost-saving opportunities and areas for efficiency improvement.

• Cost-Saving Initiatives:

  Work closely with the procurement team to provide actionable insights for negotiation strategies, targeting price reductions, and cost optimization opportunities

• Market Analysis:

  Track market trends and external cost drivers such as raw material prices, currency fluctuations, and industry benchmarks to provide procurement teams with data-backed negotiation levers.

• Opportunity Identification:

  Identify high-cost areas, unfavorable terms, or inefficiencies in procurement processes, and propose corrective measures to enhance overall material cost efficiency.

• Agreement Monitoring:

  Regularly review and monitor supplier agreements to ensure compliance with terms and identify deviations or areas for renegotiation.

2. Financial Supplier Risk Management (FSRM)

• Conduct in-depth financial analyses of supplier data, incorporating strategic and operational parameters. Utilize predictive analytics to identify potential financial risks and trends for proactive risk management.
• Coordinate for Supplier Risk Board by presenting insights from data-driven analyses and providing early warning signals to management.
• Review and approve Supplier Accommodation Payments (SAP), ensuring decisions are based on robust financial and analytical insights.

3. MIS Reporting

• Prepare weekly and monthly reports and dashboards for management reporting of material costs and material efficiency.
• Generate monthly actual reports for material costs, part price movement analysis, and cost measure analysis.
• Analyze material efficiency trends and provide regular insights for deviations by examining cost measures and initiatives. Collaborate with business stakeholders to steer corrective actions.
• Identify areas to automate and optimize time spent for recurring reports.

4. Data Management

• Maintain accurate data inputs into systems such as COMET, MACOR, PUMA and extract reports to generate material cost analyses.
• Consolidate data from multiple systems and generate Power BI reports to drive insights, collaborate with Buyers in Procurement team and to simplify reporting.
• Provide structured data to senior analysts for integrated reporting purposes.
• Reconcile data across multiple systems to ensure accuracy in reporting material costs.

Qualifications and Skills

• Education:

• Bachelor's/Master’s degree in Engineering is preferred, with strong knowledge of Finance or related disciplines.
• Professional certifications like CIMA, ICMAI, or equivalent are highly desirable.

• Experience:

  Minimum 8–14 years of experience in procurement controlling, financial analysis, or a related domain.

• Technical Skills:

• Advanced proficiency in Excel, Power BI, and ERP systems (e.g., SAP, ICM).
• Strong command of data analytics, dashboard tools, and digital reporting solutions.
• Familiarity with predictive analytics and financial modeling techniques.

• Business Skills:

• Ability to handle conflict management effectively, especially in high-pressure scenarios.
• Strong business partnering capabilities to collaborate with the Procurement team and steer business decisions.
• Proven experience in stakeholder management and influencing cross-functional teams to achieve strategic objectives.
• Data-driven decision-making and attention to detail.

• Soft Skills:

• Strong analytical and problem-solving abilities, with attention to detail.
• Excellent verbal and written communication and presentation skills.
• High levels of adaptability and resilience in a dynamic business environment.
• Ability to collaborate across teams and manage multiple stakeholders effectively.

What the team offers

• Opportunity to work in a dynamic and innovative environment.
• Opportunity to learn Procurement and Finance processes in detail
• Exposure to advanced tools and techniques in procurement and financial controlling.
• Collaborative culture with ample growth and learning opportunities.
• Exposure and opportunity to interact with other country controllers across entities.