Operations

Senior Procurement Analyst

Looking to hire your next Senior Procurement Analyst? Here’s a full job description template to use as a guide.

About Vintti

Vintti bridges the staffing gap for US businesses with a unique focus on time zone compatibility. We source top talent from Latin America, offering companies access to professionals who are available during standard US working hours. This alignment eliminates the need for off-hour communications and allows for integrated teamwork, as if all team members were in the same office.

Description

A Senior Procurement Analyst plays a critical role in ensuring the effective and efficient procurement of goods and services within an organization. This position involves analyzing and evaluating procurement data, developing strategies to optimize purchasing, and managing supplier relationships to secure the best terms and quality. The Senior Procurement Analyst combines deep market insights with complex data analysis to identify trends, forecast needs, and make informed recommendations. They work closely with various departments, lead negotiation efforts, and ensure compliance with procurement policies, driving cost savings and operational efficiencies across the board.

Requirements

- Bachelor's degree in Supply Chain Management, Business Administration, or related field.
- Minimum of 5-7 years of experience in procurement or supply chain management.
- Proven experience in analyzing procurement data and developing cost-saving strategies.
- Proficiency in using procurement software and tools.
- Strong negotiation skills and experience securing favorable contract terms.
- Excellent market research and analytical skills.
- Solid understanding of procurement processes and best practices.
- Experience with supplier management and performance assessment.
- Strong communication and presentation skills.
- Detail-oriented with strong organizational skills.
- Ability to collaborate effectively with cross-functional teams.
- Knowledge of compliance and regulatory requirements in procurement.
- Proficiency in Microsoft Office Suite, especially Excel and PowerPoint.
- Ability to train and mentor junior staff.
- Strong problem-solving skills and ability to resolve discrepancies.
- Certified Professional in Supply Management (CPSM) or similar certification is a plus.

Responsabilities

- Analyze procurement data to identify cost-saving and efficiency improvement opportunities.
- Develop strategies to optimize resource allocation and procurement processes.
- Conduct comprehensive market research to remain informed of industry trends and best practices.
- Negotiate terms and conditions with suppliers to secure optimal contracts.
- Manage relationships with suppliers to ensure reliability and quality of goods and services.
- Monitor supplier performance using established key performance indicators (KPIs).
- Prepare detailed reports on procurement activities for senior management review.
- Collaborate with various departments to enhance procurement processes.
- Review and approve purchase orders for compliance with policies and procedures.
- Maintain accurate and updated procurement records and documentation.
- Resolve issues and discrepancies in procurement activities.
- Train and mentor junior procurement staff.
- Participate in budget planning and cost management initiatives.
- Evaluate and implement improvements to procurement software and tools.
- Ensure all procurement activities adhere to legal and regulatory requirements.

Ideal Candidate

The ideal candidate for the Senior Procurement Analyst role will possess a Bachelor's degree in Supply Chain Management, Business Administration, or a related field, coupled with 5-7 years of robust experience in procurement or supply chain management. They will demonstrate exceptional proficiency in analyzing procurement data and developing strategies that yield significant cost savings and operational efficiencies. Mastery of procurement software and tools, along with advanced skills in Microsoft Office Suite, particularly Excel and PowerPoint, is essential. Strong negotiation capabilities and a proven track record of securing favorable contract terms will be among the candidate's key strengths. Additionally, the candidate will showcase superior market research and analytical skills, a deep understanding of procurement processes and best practices, and extensive experience in supplier management and performance evaluation. Excellent communication and presentation skills, coupled with outstanding organizational and detail-oriented abilities, will be crucial for success in this role. The individual will also exhibit leadership and mentoring capabilities, with a capacity to train junior staff effectively. A results-driven and proactive mindset, high ethical standards, and the ability to adapt to evolving procurement trends and technologies will set the candidate apart. Strong business acumen, strategic thinking, and the ability to handle high-pressure situations and tight deadlines with ease will further distinguish the ideal candidate, making them a vital asset to the organization.

On a typical day, you will...

- Analyze and evaluate procurement data to identify cost-saving opportunities.
- Develop and implement procurement strategies to optimize company resources.
- Conduct market research to stay updated on industry trends and best practices.
- Negotiate contracts and agreements with suppliers to secure favorable terms.
- Manage supplier relationships to ensure consistent delivery of goods and services.
- Monitor and assess supplier performance using key performance indicators (KPIs).
- Prepare and present detailed procurement reports to senior management.
- Collaborate with cross-functional teams to streamline procurement processes.
- Review and approve purchase orders, ensuring compliance with company policies.
- Maintain accurate and up-to-date procurement records and documentation.
- Address and resolve any issues or discrepancies related to procurement activities.
- Train and mentor junior procurement staff on best practices and procedures.
- Participate in budget planning and cost management initiatives.
- Evaluate and improve procurement software and tools for better efficiency.
- Ensure adherence to legal and regulatory requirements in all procurement activities.

What we are looking for

- Strong analytical and problem-solving abilities
- Excellent negotiation and communication skills
- Leadership and mentoring capabilities
- Results-driven and proactive mindset
- Exceptional attention to detail
- Ability to work independently and as part of a team
- High level of integrity and ethical standards
- Adaptability to evolving procurement trends and technologies
- Strong organizational and time management skills
- Proficiency in data analysis and reporting
- Ability to build and maintain strong supplier relationships
- Commitment to continuous improvement
- Capability to handle high-pressure situations and tight deadlines
- Strong business acumen and strategic thinking
- Collaborative and cooperative team player

What you can expect (benefits)

- Competitive salary range: $80,000 - $120,000 annually
- Comprehensive health insurance (medical, dental, and vision)
- Retirement plan with company match
- Paid time off (vacation, sick leave, and holidays)
- Flexible working hours and remote work options
- Professional development and training opportunities
- Career advancement opportunities
- Performance-based bonuses
- Employee wellness programs
- Company-sponsored certifications and memberships
- Travel allowances for work-related travel
- Collaborative and inclusive work environment
- Access to cutting-edge procurement tools and technology
- Employee assistance programs
- Tuition reimbursement for further education

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