Financial Analyst

Warren, Michigan Financial Analyst #1061099 Job Description The energy at our company is contagious. We're driven by our immense passion, as we constantly seek out challenges and identify new opportunities. We work hard to connect with our customers and earn their loyalty for life. Bring your talent to our company - our opportunities for growth span the globe. We will give you the training and opportunities to unleash your ambition. The PVI Audit team is a highly specialized group that plays a lead role in supplier overpayment root cause analysis, and end to end process improvements to mitigate risk for Global Purchasing contracts. PVI is responsible to proactively identify supplier overpayment situations, collaborate with Global Purchasing and Supply Chain to recover the overpayment, and ensure that contracts are updated to reflect accurate contract pricing. Work requires collaboration with purchasing, finance, technical accounting, and engineering. Responsibilities Analyze contracts to identify contract errors and recovery opportunities Deliver high-quality audit results to communicate the contract issues to purchasing Work with key stakeholders to review audit results and agree on recovery approach Support purchasing in negotiations with suppliers Drive timely closure of open audits and recovery of overpayments Meet targets on key metrics including contract touch rate, study aging, and cost recoveries Perform special studies as requested by stakeholders Review contract reports to identify saving opportunities. FINANCIAL ANALYST - GBS PVI The Process Validation and Improvement ("PVI") team is a highly specialized group that plays a lead role in root cause analysis and end-to-end process improvements to mitigate risk for Global Purchasing contracts. PVI is responsible to proactively identify supplier overpayment situations, collaborate with Global Purchasing to recover the overpayment amount and ensure that contracts are updated to reflect accurate contract pricing. The team is aligned with Global Purchasing and Supply Chain, Finance, Engineering and other supporting staff in carrying out contract pricing accuracy. The Financial Analyst role reports to a Finance Supervisor, GBS PVI and the responsibilities of the position are to: Provide financial analysis and / or support using Global systems to determine the cause of pricing errors on contracts with the supply base Analyze ad-hoc reports Interface with various levels within both group and individual settings to review cases and key areas where differences are identified between the Purchasing system and the supplier contracts Drive closure of open cases and collection of overpayments within stipulated time frame. Perform special studies at GPSC or GBS leadership request. Identify and collect at least $4M annual supplier cost recoveries. Key Leadership Competencies Customer Focus Decision Making Drive for Results Interpersonal Savvy Teamwork Organizing Key GBS Skill Clusters Functional Expertise Implementer Change Management Additional Info At FastTek Global, Our Purpose is Our People and Our Planet . We come to work each day and are reminded we are helping people find their success stories. Also, Doing the right thing is our mantra. We act responsibly, give back to the communities we serve and have a little fun along the way. We have been doing this with pride, dedication and plain, old-fashionedhard work for 24 years ! FastTek Global is financially strong, privately held company that is 100% consultant and client focused . We've differentiated ourselves by being fast, flexible, creative and honest . Throw out everything you've heard, seen, or felt about every other IT Consulting company. We do unique things and we do them for Fortune 10, Fortune 500, and technology start-up companies. Our benefits are second to none and thanks to our flexible benefit options you can choose the benefits you need or want, options include: Medical and Dental (FastTek pays majority of the medical program) Vision Personal Time Off (PTO) Program Long Term Disability (100% paid) Life Insurance (100% paid) 401(k) with immediate vesting and 3% (of salary) dollar-for-dollar match Plus, we have a lucrative employee referral program and an employee recognition culture. FastTek Global was named one of the Top Work Places in Michigan by the Detroit Free Press in 2013, 2014, 2015, 2016, 2017, 2018, 2019 , 2020, 2021, 2022, and 2023! Follow us on Twitter: Follow us on Instagram: Find us on LinkedIn: You can become a fan of FastTek on Facebook: AI & Hiring Disclosure We use AI tools to support parts of our hiring process, such as reviewing applications and identifying potential matches. These tools are designed to promote efficiency, consistency, and fairness, and they are always used under human oversight. All personal data collected is used solely for recruitment purposes, and you have the right to know, access, or request deletion of your data at any time, subject to legal limits. If AI will be used in a video interview, you'll be informed in advance and asked for your consent, with the option to opt out. Our tools are regularly reviewed to detect potential bias and to ensure compliance with all applicable laws and our commitment to inclusive hiring. To learn more or exercise your rights, please contact us at View email address on click.appcast.io. #J-18808-Ljbffr