Procurement Analyst
6 days ago
Description
• Create and track purchase request process • Manage and ensure timely creation of purchase orders • Coordinate the formal bidding process, creating and reviewing Request for Proposals, Request for Quotes, and Invitations to Negotiate. • RFP Management (partnering with internal stakeholders) • Identify stakeholders • Collect RFP requirements • Create and distribute RFP • Evaluate RFP responses. • Meet with internal stakeholders to discuss responses • Communicate to vendor awards and rejections • Strategic Sourcing: Support the identification and evaluation of suppliers to meet quality standards and pricing goals. • Monitor market trends and supplier capabilities to inform sourcing decisions. • Analyze market trends, vendor pricing models, and licensing structures to develop effective and cost-efficient software pricing strategies. • Conduct detailed pricing analyses and cost-benefit assessments to support procurement decisions. • Cultivate and maintain strong relationships with software vendors to understand product roadmaps, pricing, and negotiate favorable pricing, terms, and conditions. • Streamline and optimize the technology procurement process, ensuring efficiency and cost-effectiveness. • Monitor and control software-related expenses and other miscellaneous categories to ensure alignment with budgetary constraints and identify opportunities for cost savings and efficiency improvements. • Collaborate with AP, IT, legal, finance, accounting, and other relevant departments to ensure alignment on software procurement strategies & convey procurement decisions and requirements. • Evaluate internal stakeholder requirements and feedback. • Administer RFP and RFQ request. • Facilitate vendor quality control. • Assist with vendor development. • Analyze/Track market pricing. • Possess superior organizational, analytical, and multi-tasking skills. • Experience with IT systems and solutions. • Demonstrated initiative, flexibility, and ability to adapt to changing priorities and work environments. • Create/maintain and update the supplier and competitor file. • Work closely with internal team to utilize and implement any automated or semi-automated procurement processes. • Act as an intermediary between supplier/vendor and the internal team. • Understand business needs/requirements and strive to foster strong working relationships and open communication. • Manage calendar for contract notifications and renewals. • Communicate and support suppliers with PO queries as they arise. • Develop and maintain accurate and complete documentation for active processes. • Support contract lifecycle management. • Assist in special projects and other duties as assigned. • Supporting procurement and head of procurement.
Requirements
• Bachelor’s degree in business or supply chain related field preferred. • 2-5 years of previous procurement or vendor management experience preferred. • Working cross functionally and being a team player. • Detail-oriented, accurate, organized, and strong oral/written communication skills. • Ability to prioritize work and time efficiently. • Adaptability in an ever-changing fintech environment.
Benefits
• Health & Wellness • Hybrid Work Opportunities • Flexible Time Off • Career Development & Mentoring Programs • Health & Wellness Benefits, including competitive health insurance offerings and generous paid parental leave for eligible new parents • Community Volunteering & Company Philanthropy Programs • Employee Peer Recognition Programs – “You Earned it”
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