Remote Quant Internships Jobs in Michigan (NOW HIRING)

Job descriptions may display in multiple languagesbased on your language selection.

The Junior Purchasing Analyst will support the Strategic Category Lead in managing sourcing activities, supplier relationships, and cost optimization initiatives for indirect goods and services. This role is responsible for data analysis, market intelligence, and reporting that enable fact-based decision-making and strategic category management across global operations.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Data Analysis & Reporting

  • Collect, analyze, and interpret purchasing and market data (pricing, volume, supplier performance).

  • Prepare dashboards, reports, and presentations to support category strategies and executive updates.

  • Ensure data accuracy in procurement systems (SAP/ERP or other tools).

  • Identify opportunities to improve processes, reduce costs, and mitigate supply risks.

• Market & Supplier Intelligence

  • Monitor indirect spend categories and market trends, including pricing, supply/demand shifts, and global trade impacts.

  • Benchmark suppliers and track key performance indicators (KPIs).

• Category & Sourcing Support

  • Assist in the development and execution of sourcing strategies for indirect categories.

  • Support supplier negotiations through data preparation, cost analysis, and scenario modeling.

  • Maintain supplier databases, contracts, and performance scorecards.

  • Support sustainability and compliance initiatives within the supply base.

The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Strong analytical and quantitative skills; advanced Excel required, Power BI/Tableau preferred.

• Knowledge of procurement processes and ERP systems (SAP, Oracle, QAD, etc.).

• Strong communication and presentation skills with ability to support global stakeholders.

• Detail-oriented, organized, and able to manage multiple priorities in a fast-paced environment.

• Business and financial acumen

• Data-driven decision making

• Collaboration across global and cross-functional teams

• Problem-solving mindset

• Continuous improvement orientation

Education/Special Knowledge - Bachelor's degree in Supply Chain Management, Business, Finance, Engineering, or related field.

Experience - 1-3 years of experience in purchasing, supply chain, finance, or data analysis (internships or co-ops considered).

Physical Demands/Work Environment - Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require local, domestic and international travel. This position will be located out of Troy MI, or remote with a travel requirement.

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.