Sr. Business Analyst
Advance Auto PartsAbout the role
Job Description
TEAM MEMBER WILL BE REQUIRED TO WORK FROM OUR RALEIGH, NC HQ FOUR DAYS A WEEK.
Job Description Summary
The Sr. Business Analyst on the Material Cost Optimization (MCO) team creates informed views of cost and margin opportunities for the Merchandising team by synthesizing facts/data and leads cost improvement initiatives to improve the performance of the organization’s direct spend categories. This role requires working with data from a variety of sources and tools including SQL and commodity reports to evaluate opportunities for improvement with a logical, practical, and quantitative approach. This role also identifies and quantifies the impacts of vendors’ cost inputs such as commodities, currency, labor, and global geopolitical factors. This is a lead position within the team driving productive outcomes within key merchandise categories. This role will often inform the decision making of cross-functional partners, support negotiations with external partners, and provide the opportunity to build strong relationships and trust within the Merchandising organization.
Essential Duties And Responsibilities
- Support the Category Management function as the organization’s expert on cost of merchandise and total economic contribution improvement strategies for the assigned product categories.
- Relentlessly focus on delivering optimal product cost from an analytical lens, staying abreast of developments impacting automotive aftermarket vendors and competitors
- Research, collect, scrutinize, synthesize, and update information from various internal and external data sources to inform models and analyses
- Develop and communicate compelling presentation materials and analytics that equip stakeholders to deliver effective messaging internally and externally
- Demonstrate consistent attention to detail and commitment to accuracy
- Promote innovation and a collaborative work environment among peers, supporting the development of the team
- Lead special projects that have an impact on MCO target achievement and/or enhance capabilities of the MCO team
- [20%] Vendor Cost Change Request Analysis and Response Development
- [70%] Cost Improvement Initiatives: Strategy, Project Management, Presentation Materials, and Analysis
- [10%] Other analyses or initiatives supporting total economic contribution improvement
Qualifications
- Strong problem solving and analytical skills: ability to identify, quantify, and assess opportunities critically, analytically, and pragmatically
- Ability to create valid recommendations from analysis, considering input from stakeholders
- Excellent verbal and written communication skills with the ability to tailor messages to the given audience, present information in a clear and concise manner
- Project management and indirect leadership skills; ability to prioritize effectively
- Ability to zoom in and out, applying the appropriate level of focus and output depending on stakeholder requirements
- Intermediate to advanced Excel and PowerPoint skills; ability to learn new programs and tools
- Strategic orientation, inquisitive, comfortable with ambiguity, and self-motivated to identify trends and improvement opportunities aligned with business objectives and strategic plans
- SQL, Alteryx or other analytics tools/programming languages experience a plus
- Proven negotiation skills or should-cost modeling experience a plus
Education And/or Experience
Bachelor’s Degree in relevant discipline (ex. Business, Finance, Data & Analytics with Business Major); and 6+ years’ experience in Finance, Strategic Sourcing, Pricing, Manufacturing, Supply Chain, or similar domain; or an equivalent combination of education and experience.
Supervisory Responsibilities
This position will not be responsible for managing a team or direct reports
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