Procurement Analyst

WHAT YOU’LL DO

The Procurement Analyst will assist in supporting our organizations procurement needs by researching new suppliers, ensuring all anticipated/planned purchases of products and services meet our standards, and assisting in contract negotiations to achieve cost-effective results in a timely manner.  This role additionally supports strategic planning, pricing negotiations, specification determination and supply control by defining a need, identifying the appropriate solution, managing the purchase, and administering procurement contracts.

WHAT YOU WILL BE RESPONSIBLE FOR (Essential Functions):

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Provide collaborative efforts to support fulfillment of procure-to-pay activities
• Prepare proposals, request quotes and negotiate purchase agreements
• Coordinate time efficient review of contract terms related to IT Security, Privacy, Risk, Legal, Finance and key stakeholders as needed
• Assist with purchasing requests and preparing purchase orders
• Monitor supplier performance and SLAs
• Analyze industry and demand trends to support leadership with the development and implementation of sourcing strategies
• Regularly assess IT assets and supply needs to maintain balanced inventory
• Research potential suppliers with a focus on risk management and cost savings
• Conduct cost-benefit analysis of existing and prospective suppliers
• Generate monthly, quarterly and annual supply cost reports
• Track invoices and spend across all departments
• Coordinate vendor management, inquires and communication
• Maintain accurate and current documentation of active and preferred suppliers
• Perform ongoing audits of vendor contracts and maintain accurate archive repository
• Assist in developing processes and procedures of growing Procurement Department

WHAT YOU NEED TO SUCCEED (Required Education and Experience):

• Excellent communication, interpersonal and negotiation skills.
• Proven work experience in procurement, contracting or similar roles.
• Strong knowledge or background of supplier and third party software.
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Experience in collecting and analyzing data.
• Ability to prioritize tasks and meet team objectives.
• Ability to maintain efficiency in a high-paced environment.
• Proficient with Microsoft Office Suite and similar software tools.
• Ability to adapt and quickly learn new software solutions
• Experience in managing processes and policies

NICE TO HAVE (Preferred education and experience):

• Bachelor's degree or equivalent work experience is a similar role
• Certification in third party risk management or procedures

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Standard working hours are 8am-5pm Central Time, unless otherwise stated in the Job Description.