Sr Capital Buyer

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What we offer:

Group Summary:

Independently manages the sourcing, procurement, and commercial activities associated with capital equipment, tooling, facilities, automation, and infrastructure investments in accordance with company policies and procedures. Supports engineering, manufacturing, operations, and program teams through strategic sourcing, supplier management, cost analysis, and project execution to achieve company objectives. Provides capital procurement expertise, recommendations, and direction to project teams. Generally completes the following duties and responsibilities with the support of purchasing management.

Essential Duties and Responsibilities

• Generally assigned to high-complexity capital equipment, tooling, automation, facilities, and infrastructure projects..
• Develops and utilizes knowledge of capital equipment markets, supplier capabilities, and cost structures to achieve cost reduction and investment optimization objectives through competitive sourcing, market testing, value analysis/value engineering (VA/VE), and total cost of ownership analysis.. 
• Develops sourcing strategies for capital expenditures (CapEx) and presents recommendations to management for approval.
• Leads commercial negotiations for capital equipment, tooling, facility expansions, automation systems, services, and installation contracts. 
• Supports manufacturing, operations, facilities, and engineering teams with sourcing activities while ensuring alignment to approved project budgets, timing, technical requirements, and corporate purchasing strategies..
• Prepares bid analyses and sourcing recommendations based on cost, quality, technical capability, supplier capacity, project timing, and risk assessment.
• Evaluates supplier quotations, identifies cost-saving opportunities, challenges supplier assumptions, and negotiates competitive pricing and contractual terms.
• Establishes pricing and commercial agreements in a timely manner and maintains all required supporting documentation.
• Supports project teams during equipment design, specification development, supplier selection, equipment acceptance, and project implementation phases.
• Conducts supplier capability assessments, commercial evaluations, and capacity reviews for capital projects.
• Negotiates and manages engineering changes, scope modifications, and project-related commercial impacts throughout equipment installation and launch phases.
• Collaborates with engineering, manufacturing, maintenance, finance, operations, and project management personnel to ensure successful project execution.
• Supports capital appropriation requests by developing cost estimates, sourcing strategies, and supplier recommendations.
• Maintains accurate records of capital expenditures, supplier contracts, project savings, and investment approvals.
• Drives continuous improvement initiatives and cost reduction projects related to manufacturing equipment, facilities, and automation investments.
• Assists purchasing management with development of presentations and business cases for executive leadership approval of capital investments
• Supports supplier performance management activities related to quality, delivery, installation, commissioning, and warranty performance.
• Ensures compliance with company purchasing policies, financial controls, and capital approval processes
• Supports Internal/External Audit efforts regarding ISO 9001:2015 and IATF 16949 requirements applicable to capital sourcing activities.
• Supports the requirements as detailed in Standard Operating Procedure 8000 (Quality Management System).
• Ensures work is performed in a manner consistent with organizational health, safety, environmental, and sustainability objectives.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily.

Education

Bachelor's degree (or equivalent) in Business Administration, Supply Chain Management, Engineering, Finance, or related field; or a combination of equivalent education and work experience.

Experience/Special Knowledge/Skills

Five (5) years preferred of purchasing, strategic sourcing, capital procurement, engineering, manufacturing, or related experience.

Knowledge of capital equipment, automation systems, tooling, facilities projects, and industrial manufacturing processes.

Ability to apply quantitative analysis skills with a fundamental understanding of material, labor, burden structures, and cost drivers.

Ability to evaluate and analyze equipment quotations, project budgets, supplier proposals, and total cost of ownership.

Strong understanding of capital project management and procurement processes.

Experience with competitive bidding, contract negotiation, and supplier management.

Knowledge of cost reduction methodologies including VA/VE, global sourcing, standardization, and project optimization.

Ability to interpret equipment specifications, technical drawings, statements of work, and project schedules.

Strong financial and quantitative analysis skills including ROI, payback, NPV, and investment justification concepts.

Working knowledge of APQP, manufacturing systems, automation technologies, and industrial equipment procurement.

Strong communication and presentation skills, both verbal and written.

Strong organizational skills and the ability to manage multiple capital projects simultaneously.

Demonstrated ability to independently solve complex commercial and project-related issues.

Proficient with word processing, spreadsheet, project management, and database applications.

Preferred Competencies

Capital equipment sourcing

Manufacturing automation procurement

Facilities and infrastructure sourcing

Contract negotiation

Project management

Supplier development

Cost modeling and financial analysis

Investment justification and ROI analysis

Risk management

Cross-functional leadership

Awareness, Unity, Empowerment:

At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.

AI-Assisted Screening Disclosure

As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.

If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.