Procurement Analyst

Our client is currently seeking an IT Procurement Analyst to join their organization.

Duties and Responsibilities

• Act as the main point of contact with vendors and foster internal and external relationships.
• Lead sourcing activities for vendor selection, including Requests for Information (RFIs), Requests for Proposal (RFPs), and competitive bidding.
• Conduct due diligence and evaluation processes for current and potential vendors.
• Manage procurement activities, including negotiating prices and contract terms.
• Oversee vendor management functions, ensuring continuous vendor review according to Vendor Management Office policies.
• Supervise overall performance oversight in line with contractual, accreditation, and regulatory compliance.
• Assess current and potential vendor relationships to identify and recommend cost-saving opportunities. Outline key action steps to capture and implement these savings.
• Handle contract management with vendors, Legal, Risk Management, IT Enterprise Architecture, and Business Owners; this may include negotiating agreements, exhibits, statements of work, and pricing; act as a liaison for drafting RFP/RFI processes along with evaluating and selecting service providers.
• Monitor and provide comprehensive oversight of Vendor Lifecycle Management as outlined in corporate and departmental policies, as well as accreditation, contractual, and regulatory requirements, through regular review and follow-up on vendor performance metrics.
• Coordinate efforts between the company and service providers to ensure expectations are met or exceeded; promote transparency and partnership through formal meetings and knowledge sharing.
• Continuously review and adjust contract terms to align with corporate objectives and overall spending.
• Perform vendor risk assessments, scoring, and ongoing program evaluation as required by the Vendor Management Office Standard Operating Procedures (SOPs).
• Develop control reporting by compiling, analyzing, and reviewing data, and providing critical technology vendor information to management.
• Create and maintain SOPs for the functions of Sourcing, Procurement, and Vendor Management.
• Participate in or lead the testing, correction, and revision of SOPs.

Knowledge and Experience

• Bachelor’s degree in business or a related discipline preferred.
• 6+ years of direct work experience in a vendor management role, including aspects of vendor management strategy development and execution.
• Experience in overseeing the design, development, and/or implementation of software and hardware solutions, systems, or products.

Skills/Competencies

• Analytical and problem-solving skills and experience.
• Strong organizational skills. Candidate must be detail oriented.
• Excellent verbal and written communication skills.
• Vendor lifecycle management.
• Experience using an industry-known Third-Party Risk Management platform.
• Technical support skills.
• Strong presentation and interpersonal skills required.
• Ability to manage competing priorities with poise and professionalism.
• Strong customer service orientation.
• Experience working both independently and in a team-oriented, collaborative environment is essential.

Other

• Ability and willingness to travel as needed.
• Occasional evening and weekend work to meet deadlines.
• Other duties and responsibilities as assigned.

Does this sound like you? Would you like more information? Apply here