Procurement Finance Manager
Northbrook, IL, US, 60062
Job Description
Stepan is seeking a Global Senior Procurement Finance Manager to join our Procurement Center of Excellence team in Northbrook, IL. In this role, you will report to the Director – Global Procurement Center of Excellence (PCoE). The Global Senior Procurement Finance Manager serves as the strategic business partner between Procurement, Finance, Supply Chain, and Business Leadership. This role is responsible for leading global procurement analytics, savings governance, financial performance reporting, market intelligence, opportunity identification, and procurement-decision support. The position drives visibility to procurement value delivery, ensures savings realization methodologies align with Finance, and leverages analytics, automation, and digital technologies to support sourcing strategies, working capital improvement, and enterprise cost optimization initiatives. This role also plays a key leadership role in advancing procurement analytics capabilities, AI adoption, and data-driven decision making.
Procurement Analytics & Business Intelligence:
- Own global procurement reporting of $2B annual spend, KPIs, scorecards, dashboard, and executive presentations.
- Develop analytics that support sourcing strategies, supplier negotiations, savings opportunities, operational performance, and risk management.
- This includes building and maintaining PowerBI, Excel analytics models, and procurement data structures.
Procurement Savings & Value Realization:
- Lead global tracking, validation, and reporting of Cost Out, Cost Avoidance, Working Capital, and other procurement value initiatives.
- Partner with Procurement and Finance leaders to establish savings methodologies, baseline assumptions, and passthrough calculations. Ensure consistent measurement and reporting of procurement value across all regions.
Market Intelligence & Financial Forecasting:
- Lead development of commodity, chemical, energy, freight, and economic intelligence reporting. This includes supporting procurement forecasting and budget planning cycles; and partnering with category managers to quantify market impacts and identify strategic opportunities. Emphasis is placed on predictive analytics supporting procurement decision making.
Procurement Technology & Digital Transformation:
- Partner with PCoE on procurement technology roadmaps and analytics enhancements.
- Identify and support implementation/optimization of systems including Ariba, Zycus, PowerBI, SAP and AI-enabled tools.
- Emphasis is placed on implementing AI opportunities that improve reporting efficiency and data quality. This role also evaluates business cases and ROI for technology investments.
- Support procurement leadership in annual target setting and multi-year savings planning. Collaborate closely with Finance leadership to ensure alignment of procurement objectives with corporate financial targets.
Data Governance & Continuous Improvement:
- Establish and execute standards for procurement data quality, reporting integrity, and governance.
- Drive process improvements supporting scalability, automation, and analytics maturity.
Qualifications
• 8+ years of experience in Procurement Finance, FP&A, or related disciplines.
• Experience supporting global organizations and cross-functional stakeholders.
• Advanced Excel, AI, Predictive Analytics, and PowerBI capabilities.
• Strong financial modeling and business case development skills.
• Experience with SAP, Ariba, Zycus, or similar technologies preferred.
• Experience leading analytics, automation, AI, or procurement transformation initiatives preferred.
• Experience presenting to senior leaders.
• Must demonstrate critical thinking.
• Experience with managing software and/or processes.
Education
• Bachelor’s degree in Finance, Accounting, Supply Chain, Economics, Business, or related field required.
• Preferred to have MBA, CPA, CMA, CPSM, or similar certification.
Pay Range: $103,500 - $160,700
The salary range for this position is determined by considering a variety of factors such as skills, experience, qualifications, and the location of the position.
At Stepan Company our comprehensive benefits package includes:
- Discretionary Bonus
- Medical, Dental, and Vision Insurance
- 401K with Match
- Profit Sharing
- Paid Time Off (PTO)
- Short-Term and Long-Term Disability (STD / LTD)
- Dependent Care Flexible Spending Account (FSA)
- Health Savings Account (HSA)
- Paid Parental Leave
- Adoption Assistance
- Reactions – Recognition Program
- Employee Assistance Program (EAP)
Established in 1932, Stepan Company is a major manufacturer of basic and intermediate chemicals including surfactants, polymers, as well as specialty ingredients that go into consumer, household, and institutional products such as laundry detergents, shampoos, and surface cleaners. Stepan Company currently has 19 global manufacturing locations and over 2,400 employees. We have a strong record of growth. Our growth allows us to provide meaningful career opportunities and stability to our team members. We have big goals at Stepan and know every team member will be crucial to achieving our objectives. Regardless of function, we are looking for team members who bring with them a growth mindset, an entrepreneurial spirit, and the ability to thrive in an evolving environment.
We celebrate diversity at Stepan and are committed to creating a diverse, inclusive environment. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, genetic information, disability, age, veteran status, or any other status protected by applicable law.
Nearest Major Market: Chicago