Financial Analyst

LogicSource Overview

LogicSource is an innovative and leading indirect sourcing and procurement professional services firm. We partner with consumer facing companies identifying value through improved indirect spend management, allowing our clients to save money, boost EBITDA and generate much-needed cash to finance growth opportunities. LogicSource is owned and operated by an experienced group of global business veterans who came together under a common goal to radically change the way indirect sourcing and procurement works.  We’ve reinvented sourcing and procurement with an execution-based, fully transparent business model that ensures our clients benefit from our spend leverage, market intelligence, subject matter expertise and supplier ecosystem.

Our people gain exposure to a diversity of projects and clients spanning a broad set of categories across multiple industries. We offer significant opportunities to grow and learn working with domain experts across a variety of business functions.

Our business model reflects our culture – radically different and filled with opportunity to make a difference. Our professionals enjoy the intellectual stimulation, challenge and satisfaction in a marketplace that is dynamically changing with exciting growth in the near future.

Responsibilities

• Analyze and produce meaningful interpretations and actionable results from spend tools (OneMarket Insights + Portfolio) and other client data
• Provide procurement and analytical support to Indirect Procurement team
• Collaborate with the Client’s internal stakeholders to identify and secure relevant data for analysis
• Track, monitor and report on delivery of savings targets
• Support development of Quarterly Business Reviews including developing analytics to report on sourcing progress and savings results
• Deliver on-going analytical support to Category Directors including analyzing root cause analysis, cost pattern analysis, SRM development, supplier score carding, and total cost reviews
• Deliver on-going analytical support to Sourcing Managers and the Center of Excellence (COE) including analyzing RFP results, comparing pricing and calculating savings
• Lead activities throughout procurement and sourcing team to monitor spend under management and spend under contract
• Read and extract inconsistencies within contracts and add value by outlining required SLAs
• Deliver accurate and timely information to finance for issuance of invoices to the client
• Monitor and report on key performance initiatives (KPIs) such as savings vs. baseline, purchase compliance to contract rates and usage versus demand management forecasts
• Leverage operational data to drive continual process improvement, including value engineering of specifications, supplier consolidation and geographic/freight-based opportunities
• Ensure procurement activities comply with all client policies and procedures including legal and regulatory
• Maintain efficient and courteous relationship with client, vendors, and internal client contractors

Required Education and Experience

• Bachelor’s degree in supply chain, finance, economics or accounting
• 3+ years of experience in analysis, financial and/or operational reporting roles
• Fluent with reporting systems, internet research, and general forms of technical infrastructure
• Proficient at Excel/financial analysis and planning
• Ability to turn complex data into meaningful reports
• Strong organizational and communication skills
• Exposure to strategic sourcing, procurement, contract administration, and/or project management processes
• Strong attention to detail
• Self-starter with ability to multi-task, make sound business decisions, and find hidden opportunities
• Recommended System Experience: One Market, Microsoft Office, Smartsheet

Travel

This position requires very limited to no travel.   

Other Duties

This position description is not an exhaustive list of the duties and responsibilities, and the employee is expected to perform other duties as necessary and assigned. The duties and responsibilities of this position may be modified at any time to meet changing business needs.