Specialist - Spend Analytics

Role: Specialist - Spend Analytics Location: Gurgaon Full/ Part-time: Full Time Build a career with confidence Carrier Global Corporation, global leader in intelligent climate and energy solutions is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. About the role The Specialist – Spend Analytics will be responsible for transforming procurement spend data into actionable cost intelligence to drive insights and strategic decision-making related to procurement and cost optimization, generating actionable intelligence for the Global and Regional supply chain teams to achieve financial goals and improve overall operational efficiency. The role combines rigorous spend analytics with deep should-cost expertise — leveraging tools such as aPriori to build fact-based cost models that challenge supplier pricing, identify savings opportunities, and support high-stakes negotiations. A working knowledge of AI and machine learning techniques for spend analytics, anomaly detection, and pattern recognition will be a strong advantage, enabling the specialist to continuously elevate the analytical maturity of the COE and deliver commercially impactful outcomes at scale. Key Responsibilities: A. Spend Data Analysis & Interpretation Conduct in-depth analysis of spend data to identify trends, patterns, and anomalies across categories and suppliers. Utilize statistical techniques and data visualization tools to transform complex datasets into clear, meaningful insights for stakeholders. Leverage tools such as Python, R, VBA, and advanced Excel to build scalable analytical workflows and automate repetitive data processing tasks. Apply machine learning techniques to enhance spend classification, outlier detection, and predictive analytics capabilities. Increase automation across key steps of the spend analysis lifecycle to improve speed, accuracy, and consistency of outputs. Deliver robust, audit-ready spend analysis that supports strategic sourcing decisions at both global and regional levels. B. Should Costing & Cost Intelligence Build and validate detailed should-cost models for Build to Print categories including plastics, Sheet Metal, pressure die cast (PDC) components, machining, leveraging knowledge of raw materials, manufacturing processes, and cost drivers. Maintain and continuously refine cost models using aPriori or equivalent tools to reflect current market dynamics and input cost movements. Drive cost reduction initiatives through value engineering, design-to-cost analysis, and supplier negotiations. Partner with engineering and commodity teams to apply should-cost outputs to RFQ benchmarking and fact-based negotiation preparation. C. Market Intelligence & Sourcing Strategy Monitor global market trends, raw material indices, supplier landscapes, and technological developments in the HVAC and related industries. Leverage market intelligence to inform sourcing strategies, risk mitigation plans, and cost management decisions. Identify alternative suppliers, emerging markets, and innovative manufacturing processes to enhance competitiveness. D. Negotiation Preparation Prepare structured negotiation packs for category managers, including should-cost breakdowns, market benchmarks, supplier scorecards, and price-volume analyses. Conduct supplier cost walk-throughs and price justification reviews to equip sourcing teams with robust challenge frameworks. Model negotiation scenarios and sensitivity analyses, including the impact of raw material price movements on target pricing. Track negotiation outcomes and feed results back into cost models and spend databases to improve future analytical cycles. E. Implementation & Value Capture Drive or support the execution of initiatives generated from spend analytics, converting insights into real, measurable savings. Ensure consistent tracking and reporting of value capture against identified savings pipeline. F. Stakeholder Collaboration Collaborate with stakeholders across the organisation — supply chain, engineering, operations, and quality — to understand spend analysis requirements and translate them into actionable insights. Present findings, opportunity assessments, and recommendations in a clear and compelling manner to senior leadership. Provide guidance and support in interpreting spend analytics findings and implementing recommendations across functions. Facilitate cross-functional workshops to align on category strategies, savings priorities, and data quality improvement plans. G. Continuous Improvement & Governance Drive process improvements in sourcing, RFQ management, cost analysis, and spend reporting cycles. Ensure compliance with procurement policies, contracts, and ethical sourcing standards. Support digitalization and analytics initiatives, including deployment of BI platforms and AI-driven spend intelligence tools, to enhance sourcing effectiveness. Requirements Bachelor's or Master's degree from an accredited institution in Engineering, Supply Chain, Business, Data Science, or a related discipline. 8+ years of experience in spend analytics, strategic sourcing, or cost engineering within a manufacturing or industrial procurement environment. Strong understanding of part cost structures, manufacturing processes, and tooling across key direct spend categories. Hands-on experience with aPriori or similar should-cost software is mandatory. Experience with BI and data visualization tools (Power BI, Tableau, or equivalent). Familiarity with AI/ML techniques applied to procurement analytics is a strong plus. Proficiency in Microsoft Office (Excel, Word, PowerPoint) for analytics and presentations is mandatory. Excellent verbal and written communication skills, along with strong interpersonal abilities for stakeholder management. High learning agility, accountability, and effective collaboration skills. Ability to work effectively in a global environment with stakeholders located in different regions. Strong attention to detail with sharp observational skills to identify issues accurately and articulate findings effectively. Benefits We are committed to offering competitive benefits programs for all of our employees and enhancing our programs when necessary. Have peace of mind and body with our health insurance Drive forward your career through professional development opportunities Achieve your personal goals with our Employee Assistance Programme Our commitment to you Our greatest assets are the expertise, creativity and passion of our employees. We strive to provide a great place to work that attracts, develops and retains the best talent, promotes employee engagement, fosters teamwork and ultimately drives innovation for the benefit of our customers. We strive to create an environment where you feel that you belong, with diversity and inclusion as the engine to growth and innovation. We develop and deploy best-in-class programs and practices, providing enriching career opportunities, listening to employee feedback and always challenging ourselves to do better. This is The Carrier Way . Join us and make a difference. Apply Now! Carrier is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class. Job Applicant's Privacy Notice: Click on this link to read the Job Applicant's Privacy Notice