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Cost Model Analyst - Minneapolis, MN

Company: General Mills
Location: Minneapolis
Posted on: October 20, 2019

Job Description:


GSOC is seeking a high-performing and self-motivated individual to join the Cost Model COE as a Cost Model Analyst. This role is a great opportunity for an individual who wishes to grow professionally in the intersection of procurement, finance, and manufacturing. The individual who will qualify for this position must demonstrate strong analytical skills, high curiosity, ability to pick up new concepts quickly, a proactive rather than reactive mindset, an aptitude for active listening and great people skills.

The Cost Model Analyst is responsible for the development of should-cost models for direct, indirect and ESC categories across the global sourcing organization. Our focus is to provide the data, insights and resources that buying teams need to most effectively leverage should-cost modeling.

This position reports to the Cost Model COE Lead and collaborates with internal and external business partners. Our scope is to support buying teams in all regions as well as the global center.


* Develop should-cost models across a range of spend categories - perform research on production / delivery processes on categories, develop structure of models, research and validate assumptions, and test modeling logic

* Analyze cost model results and communicate model logic, findings, and implications with procurement and business team counterparts

* Support any negotiations or other sourcing events as needed to ensure effective use of cost models by procurement team counterparts

* Ensure consistent application of cost model methodologies across categories

* Develop and manage centralized cost model COE KPIs tracking, reporting, and communication to the organization; support a capacity model and operational metrics to ensure COE resources are used most effectively and stakeholder needs are met

* Maintain a central library of models to ensure said models are up-to-date and ready for use by procurement counterparts

* Utilize benchmarking and internal stakeholder feedback to support COE capability development

* Demonstrate strong knowledge of should-cost modeling and take the initiative to teach skills to COE team members; play an active role in onboard training, stakeholder communication, and team culture

* Collaborate with GBS and vendor partners on roadmaps including tool and partner selection, data management and assessment of new capabilities

* Connect externally to bring new insight and expertise to Sourcing in the area of should-cost modeling

* Maintain a focus on continuous improvement to advance new COE to the next level


* 3+ years of Supply Chain, Sourcing, Finance and/or Project Management experience

* Bachelor's degree
* Fluency in English with the ability to work in a multi-lingual environment


* 5 years of Supply Chain, Sourcing, Finance and/or Project Management experience

* Bachelors degree in Supply Chain Management, Finance, Economics or Business preferred

* Lead the Team: Experience driving results through others within a dynamic, global organization

* Engage with Purpose: Experience working globally with variety of stakeholders with differing needs and agendas

* Fluency in additional languages beyond English

Analytical Expertise

* Excellent analytical and problem-solving skills, including the ability to independently disaggregate issues, identify root causes and recommend solutions

* Experience in research, knowledge of modeling techniques, and basic finance / accounting knowledge

* Experience in mathematical software (e.g., Excel), databases, and comfortable working with large datasets

* Expertise in process design, 3rd party collaboration, and customer service

Engage with Purpose

* Strong active listening skills and ability to build trust quickly in a global, virtual environment

* Demonstrate ability to build relationships within Sourcing, across functions, and externally to influence and enable collaborative decision-making and business results

Demonstrate Agility

* Thrives in ambiguity and times of significant change; demonstrates ability to quickly and effectively respond to change

* Demonstrate high learning agility and cultural agility in a fast-paced environment

Drive Repeatable Success

* Ability to align processes across organizational boundaries and the total value stream

* Experience identifying and removing barriers that prevent progress

Seize Opportunities

* Strong experience anticipating, preparing and responding to changes in the business environment

* Ability to take a broad perspective and be mindful of global implications when considering possibilities and implications for the business

Ability to set priorities based on an understanding of consumer, customer, supplier and competitive landscapes

General Mills is an Equal Employment Opportunity Employer. Women, minorities, veterans and individuals with disabilities are encouraged to apply to any General Mills employment opportunities.

Keywords: General Mills, Plymouth , Cost Model Analyst - Minneapolis, MN, Professions , Minneapolis, Minnesota

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