Market Insights Analyst-Procurement

At Nouryon, our global team of Changemakers takes positive action every day, to reach higher goals collectively and individually. We create innovative and sustainable solutions for our customers to answer society’s needs – today and in the future.Purpose of the Job The Market Insight Analyst will establish and develop the processes required to perform a strategic proprietary point-of-view (SPOV) for each of the key raw materials used to produce Nouryon’s products. The resulting SPOV will become a critical input in the development of both short and long-term commodity procurement strategies. The analyst will establish comprehensive cost models and industry analysis for each of our Nouryon’s key raw materials. Such models and data analysis will be leveraged to maximize the profitability of each raw material commodity portfolio within the context of the overall business.About the job (Job Responsibilities) Performing market analysis and developing a proprietary SPOV for Nouryon’s most critical raw materials which can be used to develop and drive best in class sourcing strategies. Develop cost models for raw materials/ feedstock which can be used to quickly assess impact of major market moves or changes. Commands robust data analysis skills to support price forecasting and predictability Commodity supply/demand forecasts based on tracking current production and consumption and announced and presumed changes in production or consumption capacity. Construction of supply curves and quantification of the cost to produce for the market’s incremental supplier, and cost for each new increment of supply capacity. A clear understanding of the price-setting mechanism currently working in the marketplace and the key drivers that could change this. An understanding of the secondary and/or related drivers for each commodity (i.e. by-product economics, co-product economics, etc.) and what effect changes in these drivers would have on Nouryon’s supply position. Create, maintain, and coordinate market intelligence and index data used by the procurement team. Publish weekly / monthly market trends report to the global/ regional category management team.We believe you bring (Education & Experience) Bachelor’s degree with 2-4 years’ experience working in Chemical market analysis & research with focus on Petrochemicals/ Specialty Chemicals. This position requires strong detail orientation, as well as analytical and time management skills. Advanced proficiency in Access and Excel. (i.e. creating macros, formulas, charts, pivot tables etc.) Ability to synthesize and analyze large sets of market data to yield actionable findings. Proven experience applying analytical and critical thinking skills, demonstrated expertise with all excel functions and linear programs. Advanced proficiency in PowerPoint desirable. Data mining, relational database and business intelligence experience. Strong communication skills, both verbal and written. Ability to organize, plan, prioritize and maintain project flexibility and deliver by deadline. Capable to work in team setting or independently with limited supervision. Familiarity in using IHS (S&P), CMA, ICIS, Platt’s and other databases relevant to chemical indexes.Please apply via our online recruitment system. We will not accept applications via e-mail. Once it's with us we will review to see if we have a match between your skills and the role For more information about our hiring process, visit:nouryon.com/careers/how-we-hire/ We look forward to receiving your applicationWe kindly ask our internal candidates to apply with your Nouryon email via Success Factors. We’re looking for tomorrow’s Changemakers, today.If you’re looking for your next career move, apply today and join Nouryon’s worldwide team of Changemakers in providing essential solutions that our customers use to manufacture everyday products such as personal care, cleaning, paints and coatings, agriculture and food, pharmaceuticals, and building products. Our employees are driven by the wish to make an impact and actively drive positive change. If that describes you, we will gladly make way for your ambitions. From day one we support you with your personal growth, through challenging positions and comprehensive learning and development opportunities, in a dynamic, international, diverse, and proactive working environment. Visit ourwebsiteand follow us onLinkedIn . #WeAreNouryon #Changemakers