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Sr. Business Analyst

Advance Auto Parts
United Statesfull_timeVerifiedPosted 10 Feb 2025

About 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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Company

Advance Auto Parts

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