Senior Business Partner Finance - Procurement

Job Title Senior Business Partner Finance - Procurement Job Description Minimum required Education: Bachelor's Degree in Finance, Economics, Business Administration, Accounting, or equivalent. Minimum required Experience: Minimum 8 years of experience with a Bachelor's Degree, or minimum 6 years of experience with a Master's Degree, in areas such as Finance Business Partnering, FP&A, Procurement Finance, Supply Chain Finance, Commercial Finance, Corporate Finance, or equivalent. Minimum required Certification: N/A Preferred Education: Master's Degree in Finance, Business Administration, Accounting, Economics, or equivalent. Preferred Experience: Experience supporting Procurement, Supply Chain, Operations, Manufacturing, or commercial functions in a complex, multi-category organization. Experience with spend analytics, sourcing business cases, supplier economics, cost savings validation, and risk analysis is preferred. Preferred Certification: CPA, CMA, CIMA, CFA, or equivalent financial qualification. Your role: • Serves as the senior Finance Business Partner for Procurement, providing financial leadership and decision support across Procurement, as business needs evolve. • Partners closely with Procurement, Supply Chain, Operations, and senior business leaders to shape procurement strategies, evaluate commercial decisions, and ensure financial considerations are embedded in procurement plans and key decisions. • Leads the financial planning, budgeting, forecasting, and performance-management processes for procurement spend. • Develops and maintains robust financial models, scenario analyses, and business cases to evaluate procurement strategies, supplier negotiations, make-versus-buy decisions, contract proposals, investment opportunities, and other procurement initiatives. • Validates, tracks, and reports procurement savings, productivity initiatives, and inflation mitigation measures, ensuring methodologies are transparent, consistently applied, and aligned with Finance standards and guidelines. • Monitors and analyzes procurement-related financial performance at a detailed level, identifying cost trends, supplier and category risks, price variances, working-capital opportunities, and emerging risks or opportunities. • Provides financial insights working with Procurement and business leaders to develop mitigation strategies and assess financial exposure. • Supports commercial decision-making through cost analysis, total-cost-of-ownership assessments, payment-term analysis, and financial evaluation of supplier proposals. • Leads the preparation and delivery of clear, decision-oriented financial presentations and reporting for senior management, translating complex procurement and financial information into actionable insights. • Drives continuous improvement and automation of procurement-finance processes, reporting, tools, and systems to improve data quality, efficiency, transparency, and alignment between Procurement and Finance. • Ensures procurement-related financial practices comply with internal controls, corporate governance requirements, financial policies, and applicable regulatory standards. • Leads or contributes to cross-functional strategic initiatives requiring procurement and financial expertise, ensuring financial goals and value-delivery commitments are incorporated into broader business plans. • Provides functional leadership, coaching, and subject-matter expertise to Procurement stakeholders and junior finance colleagues. You're the right fit if you: • Have deep financial acumen and can interpret complex information, challenge assumptions, and translate analysis into clear conclusions, recommendations, and business outcomes. • Bring strategic thought leadership and can connect financial, operational, and market inputs to identify implications for Procurement and the broader business. • Apply strong independent judgment and problem-solving skills, operating effectively with ambiguous, incomplete, or imperfect data to develop a structured path to sound decisions. • Can take guidance on the desired business outcome and independently define, prioritize, and execute the work needed to achieve it. • Influence stakeholders effectively, including constructively challenging senior leaders and aligning cross-functional teams around financially sound decisions. • Can develop and communicate clear, compelling, decision-oriented narratives from complex analysis for senior leaders and non-finance audiences. • Demonstrate an ownership mindset, personal accountability, self-direction, and a strong sense of urgency in delivering high-quality work and resolving issues. • Bring a “can-do” mentality, resilience, adaptability, and comfort working in a fast-paced, evolving environment. • Bring strong finance acumen, including the ability to assess spend, cost drivers, savings opportunities, supplier economics, sourcing decisions, and financial risk. • Can identify process gaps and lead practical improvements to reporting, planning, decision-making, and financial controls. • Influence without direct authority and provide functional leadership across Finance, Procurement, Supply Chain, Operations, and other business partners. Preferred Skills: • Ability to build financial Modeling to drive fact based decisions on Procurement based KPIs • Strong ability to do financial Planning and Analysis and build actionable conclusions from analytics. • Procurement or supply chain specific experience from a finance domain, with proven application of experience in financial analysis and conclusions from the analytics. • Ability to build Budgets and Forecast taking into consideration known internal and external dynamics, and ability to make conclusions with educated assumptions where information may be ambiguous. • Ability to connect the dots on how operational actions lead to financial outcomes in all areas affected by supply chain / Procurement in P&L and balance sheet. • Proficiency in the use of AI tools. Focus on simplification and automation to drive efficiency, powered by AI tools. Compensation & benefits Doing meaningful work should come with fair, transparent rewards. The base salary range for this role is €[70187]–€[130312] . We determine pay within the range using objective factors, like the skills the role requires, your relevant experience and the responsibility you'll have in this role, alongside internal equity and local market considerations. This role is eligible for [bonus/incentive] , with your rewards linked to [KPIs/company results] . We’ll share the full approach with you during the interview process, so you can make a clear, informed decision. Benefits include [key benefits] . How we work together We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. . About Philips Are you ready to do the work of your life to help the lives of others? Learn more about our business , discover our rich and exciting history and learn more about our purpose . If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care . #LI-EU #EOS