Spend Analyst || dSilo.ai || Remote

At dSilo, data fuels our drive for continuous improvement. Were seeking a seasoned Spend Analysis Specialist whose expertise lies in transforming complex expenditure data into actionable financial strategies. This role is dedicated solely to spend analysisensuring every dollar spent is scrutinized, optimized, and aligned with our strategic goals. If you thrive on untangling intricate datasets and identify cost-saving opportunities, you might be the perfect fit for our innovative team.

Key Responsibilities:

• Advanced Spend Analysis & Data Interpretation

• Extract, clean, and integrate large datasets from varied financial and procurement sources to build comprehensive spend profiles.
• Perform in-depth analytics to uncover trends, anomalies, and areas for potential savings.
• Design and implement interactive dashboards and reporting tools that turn complex data into strategic insights for leadership.

• Cost Optimization Initiatives

• Work with cross-functional teams to segment spending and identify consolidation opportunities, reducing unnecessary expenses.
• Carry out detailed benchmarking and total cost of ownership (TCO) evaluations to guide pricing negotiations and vendor selections.
• Drive initiatives that spotlight cost reduction opportunities while minimizing risk and maximizing value.

• Data-Driven Strategic Support

• Act as the central expert on spend analytics, advising sourcing teams and finance on procurement strategies backed by robust data evidence.
• Present findings through compelling narratives that inform critical business decisions and optimize supplier relationships.
• Collaborate closely with technology teams to integrate and enhance analytical tools, ensuring continuous improvement in data accuracy and insight delivery.

• Process Automation & Enhancement

• Automate repetitive reporting tasks using advanced Excel functionalities and complementary BI tools to streamline spend analysis processes.
• Innovate data collection methods and contribute to the evolution of spend analytics frameworks that support agile decision-making.

Required Qualifications

• Experience:

• At least 5 years of dedicated experience in spend analysis, procurement data evaluation, or a related field that emphasizes financial data scrutiny.

• Technical Proficiency:

• Mastery of advanced MS Excel techniques (including complex formulas, Power Query, Pivot Tables, VBA, and Macros) to analyze extensive datasets.
• Prior hands-on experience with specialized spend analytics platforms (e.g., Ariba Spend Analysis, Coupa, Sievo, or their equivalents).

• Analytical & Communication Skills:

• Strong quantitative and qualitative analytical capabilities, with a knack for translating complex data into strategic recommendations.
• Proven ability to collaborate across departmentsensuring that insights gained from spend analysis directly support sourcing, finance, and operational strategies.

Preferred Skills & Attributes

• Familiarity with business intelligence tools (such as Power BI, Tableau) and programming languages (like SQL or Python) to further enhance data analysis capabilities.
• Experience in environments where detailed spend analysis has directly influenced cost reduction measures, particularly within sectors such as manufacturing, IT, or indirect procurement.
• A proactive mindset with a passion for continuous process improvement and innovative data solutions.
• An aptitude for clear, persuasive communication, ensuring that intricate data insights are accessible and actionable for all business stakeholders.