Sr. Raw Material Planner

Sr. Raw Material Planner

The Sr. Raw Material Planner serves as a strategic business partner responsible for ensuring optimal material supply while driving financial performance through data-driven analysis and cost optimization. This role combines advanced supply chain planning with comprehensive financial analysis to support uninterrupted production, maximize profitability, and deliver best-in-class customer service. The position requires an analytical professional who can translate complex data into actionable financial insights and strategic recommendations.

Key Responsibilities

• Supply Chain Planning & Optimization:
• Develop and execute both short-term and long-term material plans that align supply and demand while optimizing working capital and inventory investment
• Establish and maintain optimal inventory levels that balance service levels, carrying costs, and obsolescence risk
• Proactively identify and resolve material shortages while minimizing expediting costs and production interruptions
• Collaborate with local material coordinators and site supply chain managers to ensure seamless daily operations
• Financial Analysis & Decision Support:
• Conduct comprehensive cost analysis including total cost of ownership, landed costs, and supplier price benchmarking
• Develop and maintain financial models for forecasting material costs, inventory valuation, and budget variance analysis
• Perform detailed ROI analysis and financial justification for material sourcing decisions, supplier changes, and inventory optimization initiatives
• Analyze lead time trends and their financial impact on inventory carrying costs, stockout risks, and customer service levels
• Create detailed cost comparison reports for alternative materials, suppliers, and sourcing strategies
• Monitor and report on key financial metrics including inventory turns, days of supply, and material cost variance
• Strategic Planning & Forecasting:
• Lead statistical analysis of demand patterns, seasonal trends, and market fluctuations to improve forecast accuracy
• Conduct sensitivity analysis and scenario planning for material cost impacts on product profitability
• Support annual budgeting and quarterly forecasting processes with detailed material cost projections
• Stakeholder Management & Process Improvement:
• Facilitate cross-functional collaboration meetings with stakeholders and vendors to review forecasts, purchase orders, and cost optimization opportunities
• Present financial analysis and recommendations to leadership team for material-related capital investments and strategic decisions
• Design and implement analytical tools and dashboards to enhance planning efficiency and financial visibility
• Drive continuous improvement initiatives focused on reducing material costs, improving forecast accuracy, and optimizing inventory levels

Required Qualifications

• Education & Experience:
• Bachelor's degree in Engineering, Supply Chain Management, Finance, Business Administration, or related analytical field
• 4-6 years of experience in supply chain planning, financial analysis, or operations management
• Demonstrated experience in cost analysis, financial modeling, and budget management
• Technical Skills:
• Advanced proficiency in Microsoft Excel including financial modeling, pivot tables, and statistical analysis
• Experience with ERP systems (SAP preferred) and advanced planning systems (APO/MRP)
• Strong knowledge of financial principles including cost accounting, inventory valuation, and working capital management
• Proficiency in data analysis tools and statistical software (SQL, Power BI, or similar preferred)
• Understanding of procurement processes, supplier management, and contract negotiations
• Core Competencies:
• Exceptional analytical and quantitative skills with ability to derive insights from complex datasets
• Strong financial acumen with experience in cost-benefit analysis and ROI calculations
• Excellent business communication skills with ability to present financial analysis to diverse audiences
• Proven ability to work effectively under pressure and manage competing priorities
• Strategic thinking capability with focus on continuous improvement and cost optimization
• Detail-oriented approach with strong problem-solving and decision-making abilities

Preferred Qualifications

• Training & Certifications:
• APICS Supply Chain Operations Reference (SCOR) certification
• APICS Certified Supply Chain Professional (CSCP) or similar supply chain certification
• Six Sigma Green Belt or equivalent process improvement certification
• Advanced Excel or data analysis certification
• Additional Experience:
• Experience with commodity markets and raw material pricing trends
• Background in manufacturing environment with understanding of production planning
• Previous experience in supplier negotiations and contract management

What We Offer

Join IFF, a global leader in taste, scent, and nutrition, where innovation meets purpose and financial excellence drives sustainable growth. We offer a collaborative environment that values diversity, inclusion, and professional development. This role provides the opportunity to make a significant impact on both operational efficiency and financial performance while working with cutting-edge analytical tools and technologies.

Our comprehensive benefits package includes competitive compensation, performance-based incentives, comprehensive health coverage, retirement planning, and extensive professional development opportunities. You'll have access to advanced training programs, cross-functional project opportunities, and clear pathways for career advancement within our global organization.

We are committed to creating an inclusive workplace where all colleagues can bring their authentic selves to work, regardless of ethnicity, national origin, race, age, sex, veteran status, religion, gender identity & expression, sexual orientation, or disability.

IFF is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.