Sr. Financial Analyst, Procurement

Company Description

Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com.

At Avery Dennison, some of the great benefits we provide are:

• Health & Wellness benefits starting on day 1 of employment
• Paid parental leave
• 401K eligibility
• Tuition reimbursement
• Flexible work arrangements
• Employee Assistance Program eligibility / Health Advocate
• Paid vacation and Paid holidays

Job Description

As a key member of the Label & Graphic Materials - North America (LGM-NA) Commercial Finance Team, the Senior Financial Analyst, Procurement provides key analytical and financial forecasting / analysis on inflation and deflation, planning and reporting services and support to the North America business units including Graphics, IHM, LPM, and Reflective.

In this role, you will be responsible for the day-to-day activities in regard to the reporting, planning and analysis activities for LGM-NA Procurement. This includes preparing financial and business-related analyses, forecasts and research, analysis on inflation and deflation, and ensuring accurate and timely reporting and analysis of financial data.  Work closely with the Procurement regional and global leads, participate in the monthly R&O process, maintain supplier rebate accruals, bill of material cost impact analysis, supplier terms analysis, and AP related issues as needed.

Key Responsibilities:

• Lead the preparation of Inflation reporting, including monthly and annual planning processes.  This includes, but not limited to, working with the Procurement regional and global commodity leads for monthly inflation forecasting, Index vs Non-Index inflation reporting, inflation by product line, presentation updates for monthly commodity/ LT meetings and any additional ad-hoc requests
• Bi-weekly Purchase Price Variance (IPV/PPV) analysis and forecasting for the finance R&O
• Monthly close process including PPV analysis, inbound freight accrual, and supplier rebate accruals
• Provide general support and assistance to the business around bill of material inflation forecasting 
• Invoice Price Hold updates
• Collaborate with the procurement team  around supplier payment term extensions as well as the main contact for CitiBank on the Supply Chain Financing program
• Accounts Payable resolution as needed

• Monthly IPV and PPV review as well as support internal & external audits for required SOX compliance.

Qualifications

Educational/Work Experience:

• Bachelor's Degree in Finance or Accounting preferred
• 5+ years of business experience, such as finance, accounting, procurement, or supply chain preferred
• Mainstream (common) ERP and/or financial system(s) experience preferred

Skills/Competencies:

• Curiosity - Demonstrates inquisitiveness about the business, processes, teams, and initiatives beyond immediate scope of work; asking "why" versus simply following an SOP; challenging status quo
• Autonomy - Ability to operate independently of manager oversight
• Analytical - Come with insight, recommendations and solutions with thorough knowledge of information, data, external factors, etc.  Drive to root cause of issues to ensure permanent solutions
• Innovation - Ability to identify and implement creative ways to solve problems, continuous improvement mindset; focus on all aspects of innovation - from people, to process, to partnership
• Business Partnership - Insights & solutions for delicately balancing financial facts with business needs; ability to coach and counsel business partners with a financial lens; acting as a businessperson in finance versus just focusing on purely finance; providing conclusions vers