Analyst, Procurement - Whirlpool
Benton Harbor, MI
About the Job
Requisition ID: 62542
ABOUT WHIRLPOOL CORPORATION
Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees and 55 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.
This role in summary
Whirlpool is seeking qualified candidates for our Analyst, Procurement opening to join our Global Strategic Sourcing organization. This role will be based onsite in Benton Harbor, MI.
Today, you might be performing financial analysis. Tomorrow, you'll be identifying opportunities that leverage Whirlpool's risk management portfolio. Later in the week, you may be working with a team from Latin America or Asia to identify best practices that could potentially be scaled globally.
Your responsibilities will include
• Drive monthly reconciliations of volume forecasts and settlement and hedge related financial results, communicate with the finance team and other business units pro-actively to achieve greater forecasting accuracy and timely financial entries and analysis
• Provide guidance to commodity and business teams onboarding of suppliers into the settlement program through establishing contract language, initiating formal RMS training, updating system information, and clarifying other processes and procedures
• Support sourcing commodity manager negotiations with suppliers on settlement agreements and to enroll potential suppliers into settlement program. Manage the settlement surcharge payment, resin rebills, as well as the payments discrepancies reconciliation
• Execute processes and procedures to ensure commodity exposures are identified, captured, and reported on a timely basis. Promote the use of automatic settlement process
• Ensure settlement and hedge compliance through reviewing of executed settlement agreements, following up missing or outdated agreements, identification and evaluation of proper indexes and base prices, ensuring no missing part weight and hedge indexes correlation
• Create and analyze financial reports and dashboard summaries for finance and senior management on a regular basis, such as hedge position analysis, Other Income Other Expense (OIOE), variance to plan and year over year performance
• Manage market intelligence and track related data and reports on key commodities, industries, and global economies to enable preparation of monthly raw materials prices update and outlook report
• Update and maintain accurate figures for all volumes, prices, hedging transactions information in the global hedge tracker and SAP; both actuals and forecasts.
• Manage the subscriptions of the prices, bloomberg terminals, market reports, etc., including negotiating, getting approval and payment
• Keep the team's information systems updated and work with the GIS/Accenture team in development and refreshment of financial systems and regional roll-outs. Oversee the application of existing systems
• Partner with other business units and global regions to identify and facilitate business process improvements
• Travel within North America and occasionally, internationally
Minimum requirements
• Bachelor's Degree
• 2+ years of Financial or Quantitative analysis experience
Preferred skills and experiences
• Bachelor's Degree in Finance, Business, or Economics
• Organizational and planning skills
• Self-starter, able to work independently
• Solid analytical and quantitative skills
• Locate and interpret information and data from multiple sources
• Work with stakeholders to gather business requirements on a timely basis
• Work in a multicultural environment and promote a high level of teamwork
• Interfacing and contributing to or leading multiple projects simultaneously
• Computer skills with a high proficiency in MS Excel, Access, PowerPoint and Google Office Suite (Sheets, slides, docs, etc.)
RSRWH
Additional information
Whirlpool's Ways of Working
Our goal is to provide an environment that helps you bring your best to Whirlpool every day. We apply 'always on' flexibility to all work days. You will have the autonomy to manage personal, family, and outside-of-work commitments as needed. Employees in this role work in person Monday through Thursday with the option to work from anywhere on Friday.
We offer other flexibility and industry-leading time-off benefits that will help you balance what's important at work and at home, including:
Sabbatical - Four weeks paid leave after every five years of service.
Connect with us and learn more about Whirlpool Corporation
See what it's like to work at Whirlpool by visiting Whirlpool Careers . Additional information about the company can be found on Facebook , Twitter , LinkedIn , Instagram and YouTube .
At Whirlpool Corporation, we value and celebrate diversity. Whirlpool Corporation is committed to equal employment opportunity and prohibits any discrimination on the basis of race or ethnicity, religion, sex, pregnancy, gender expression or identity, sexual orientation, age, physical or mental disability, veteran status, or any other category protected by applicable law.
#LI-BT1
ABOUT WHIRLPOOL CORPORATION
Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees and 55 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.
This role in summary
Whirlpool is seeking qualified candidates for our Analyst, Procurement opening to join our Global Strategic Sourcing organization. This role will be based onsite in Benton Harbor, MI.
Today, you might be performing financial analysis. Tomorrow, you'll be identifying opportunities that leverage Whirlpool's risk management portfolio. Later in the week, you may be working with a team from Latin America or Asia to identify best practices that could potentially be scaled globally.
Your responsibilities will include
• Drive monthly reconciliations of volume forecasts and settlement and hedge related financial results, communicate with the finance team and other business units pro-actively to achieve greater forecasting accuracy and timely financial entries and analysis
• Provide guidance to commodity and business teams onboarding of suppliers into the settlement program through establishing contract language, initiating formal RMS training, updating system information, and clarifying other processes and procedures
• Support sourcing commodity manager negotiations with suppliers on settlement agreements and to enroll potential suppliers into settlement program. Manage the settlement surcharge payment, resin rebills, as well as the payments discrepancies reconciliation
• Execute processes and procedures to ensure commodity exposures are identified, captured, and reported on a timely basis. Promote the use of automatic settlement process
• Ensure settlement and hedge compliance through reviewing of executed settlement agreements, following up missing or outdated agreements, identification and evaluation of proper indexes and base prices, ensuring no missing part weight and hedge indexes correlation
• Create and analyze financial reports and dashboard summaries for finance and senior management on a regular basis, such as hedge position analysis, Other Income Other Expense (OIOE), variance to plan and year over year performance
• Manage market intelligence and track related data and reports on key commodities, industries, and global economies to enable preparation of monthly raw materials prices update and outlook report
• Update and maintain accurate figures for all volumes, prices, hedging transactions information in the global hedge tracker and SAP; both actuals and forecasts.
• Manage the subscriptions of the prices, bloomberg terminals, market reports, etc., including negotiating, getting approval and payment
• Keep the team's information systems updated and work with the GIS/Accenture team in development and refreshment of financial systems and regional roll-outs. Oversee the application of existing systems
• Partner with other business units and global regions to identify and facilitate business process improvements
• Travel within North America and occasionally, internationally
Minimum requirements
• Bachelor's Degree
• 2+ years of Financial or Quantitative analysis experience
Preferred skills and experiences
• Bachelor's Degree in Finance, Business, or Economics
• Organizational and planning skills
• Self-starter, able to work independently
• Solid analytical and quantitative skills
• Locate and interpret information and data from multiple sources
• Work with stakeholders to gather business requirements on a timely basis
• Work in a multicultural environment and promote a high level of teamwork
• Interfacing and contributing to or leading multiple projects simultaneously
• Computer skills with a high proficiency in MS Excel, Access, PowerPoint and Google Office Suite (Sheets, slides, docs, etc.)
RSRWH
Additional information
Whirlpool's Ways of Working
Our goal is to provide an environment that helps you bring your best to Whirlpool every day. We apply 'always on' flexibility to all work days. You will have the autonomy to manage personal, family, and outside-of-work commitments as needed. Employees in this role work in person Monday through Thursday with the option to work from anywhere on Friday.
We offer other flexibility and industry-leading time-off benefits that will help you balance what's important at work and at home, including:
- Flexible Friday - Option to work extra hours Monday through Thursday to finish up work early on Friday.
- Two-Week Work from Anywhere - Minimum of one-week increments for a total of two weeks per year.
Sabbatical - Four weeks paid leave after every five years of service.
Connect with us and learn more about Whirlpool Corporation
See what it's like to work at Whirlpool by visiting Whirlpool Careers . Additional information about the company can be found on Facebook , Twitter , LinkedIn , Instagram and YouTube .
At Whirlpool Corporation, we value and celebrate diversity. Whirlpool Corporation is committed to equal employment opportunity and prohibits any discrimination on the basis of race or ethnicity, religion, sex, pregnancy, gender expression or identity, sexual orientation, age, physical or mental disability, veteran status, or any other category protected by applicable law.
#LI-BT1
Source : Whirlpool