Procurement Finance Manager

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Job description

About The Opportunity

At Medifast, our team members are relentless in our mission of driving Lifelong Transformation, One Healthy Habit at a Time®. When you join Medifast, you become part of a dynamic, fast-growing community of highly motivated, like-hearted people who share a passion for promoting health and wellness. Just as OPTAVIA Coaches inspire Clients to reach their personal wellness goals, at Medifast, we inspire each other to bring our best to work each day to further our shared mission. If you want to build a rewarding career that makes lives better on a daily basis, Medifast may be the perfect place for you.

Overview Of Position

The Procurement Finance Manager, will participate in the accounting and FP&A activities to support our direct and indirect procurement teams. The Procurement Finance Manager will support close activities, financial forecasting, as well as supporting value improvement efforts and assist entire supply chain team with ad hoc analysis

Job Responsibilities

• Provide financial oversight for $0.5b of procurement activity
• Manage the budget, forecast, and monthly analysis for procurement spend, inclusive of management reporting
• Lead productivity/Inflation/deflation reporting efforts. Partner with procurement team to identify opportunities and inflation risks. Validate financials for all projects.
• Partner with the supply chain team to make strategic sourcing decisions, including leading make vs make and make vs buy processes
• Expand procurement reporting capabilities, partner with supply chain and IT to implement sustainable reporting tools expanding information and capabilities
• Drive improvement in inventory quality, improved turns and lower stock outs
• Become an expert in finished good supplier costing processes and understanding of margins
• Be a partner to the entire supply chain team, completing ad hoc analysis, supporting projects, and offering actionable financial insights to improve the business
• We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.
  

Knowledge, Education, Skills & Abilities

• Bachelor's degree in Accounting or Finance.
• Minimum of 5 year experience in finance or accounting, with a minimum of 3 years of experience supporting procurement or supply chain activities
• Ability to interact and effectively communicate with all levels of supply chain and finance organizations
• Prior experience delivering productivity and process improvement
• Consumer products experience is a plus
• MS Excel (intermediate/advanced level Excel), PowerPoint, and SharePoint. Oracle experience a plus.
  

At Medifast, Relationships Are At The Center Of What We Do!

We thrive by elevating our connections with one another as well as with our Coaches & Clients. We believe that everyone has the potential to be OUTSTANDING. The Medifast culture is built on seven core values: integrity, courage, teaming, accountability, empowerment, partnership and diversity. These values aren't just words on a page - they are celebrated as a core part of the company's philosophy.

We Lead By…

Mastering Relationships: We build trust, promote collaboration and we are reliable.

Being innovative: We strive to improve things in our areas of influence; test, refine and expand within the business strategy; and reach beyond real and perceived boundaries.

Simplifying: We are committed to making things measurable, repeatable and scalable; focusing on outcomes not activities; and eliminating complexity to increase focus.

Anticipating: We predict long-term business and organizational needs; challenge assumptions; and expect and prepare for the unexpected.

More About Medifast

Medifast (NYSE: MED) is the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, which offers scientifically developed products, clinically proven plans and the support of Coaches and a Community to help Clients achieve Lifelong Transformation, One Healthy Habit at a Time®. Based on more than 40 years of experience, Medifast has redefined direct selling by combining the best aspects of the model. Its community of independent OPTAVIA Coaches has impacted 2 million lives and teaches Clients how to develop holistic healthy habits through the proprietary Habits of Health® Transformational System. Medifast is traded on the New York Stock Exchange and ranked second on FORTUNE's 100 Fastest-Growing Companies list in 2020. The company was also named to Forbes' 100 Most Trustworthy Companies in America list in 2017. For more information, visit MedifastInc.com or OPTAVIA.com and on Twitter.

Thank you for taking the time to learn more about Medifast.

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