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Raw Materials Purchaser

  • Location: Chicago, Illinois, 60661
  • Job Type:Contract

Posted 25 days ago

Terrific 9-month contract opening in Chicago, IL for a Raw Materials Purchaser in the Finance/Accounting Operations division of a consumer goods company.
Responsibilities include:
  • Using Global Procurement Guidance and specific inputs develop Annual Operating Plan (AOP) and subsequent forecast updates for Hotfill Raw Materials input cost.
  • Coordinate FP&A the annual standard setting for all national costed raw materials.
  • Work in conjunction with Global Procurement Finance teams to establish forecasts, evaluate current year performance, and understand changing market conditions on a period basis.
  • Forecast and review market movements for impacted categories such as cans, HFCS, bottles, closures, sweeteners, paperboard, BIB, glass.
  • Analyze and communicate actual period results versus prior forecast for PPV (Purchase Price Variance), Pass Back, and Hedging Instruments
  • Work with individual Commodities teams to understand Productivity projects (including task) from AOP till actualization to ensure proper financial treatment and forecasting.
  • Reconcile GP infl/defl Guidance with internal calculations and understand differences
  • Working in conjunction with Supply Chain Strategy team, based on Full Goods Production forecast for Hotfill, generate Raw Material Volumes for ingredients and packaging forecast and submit to GP Finance and GP Operations to be able to coordinate Supplier Sourcing and model financial analysis.
  • Coordinate approvals, purchase orders, settlements, and planning/forecasting for Prepaid Assets (Molds/Tooling)
  • 3+ years of experience in Purchasing.
  • Experience with costing for raw materials.
  • Commodities experience.
  • Experience forecasting and reviewing market movements.
  • Coordinate approvals, purchase orders, settlements, and planning/forecasting for Prepaid Assets (Molds/Tooling)
  • Experience reconciling Gross Profit inflation/deflation Guidance with internal calculations.
  • Experience working with Supply Chain teams with forecasting and generating Raw Material Volumes for ingredients and packaging.