Job Description
This is an exciting opportunity for a Procurement Specialist to join a Financial Services company and play a vital role in managing procurement activities. The ideal candidate will ensure effective procurement processes and achieve cost efficiencies while maintaining high-quality standards.
Client Details
This organisation operates within the Financial Services industry and is a well-established company. It is recognised for its focus on delivering high-quality services and maintaining robust procurement operations. Their procurement department is currently in its infancy- offering an exciting opportunity to join the organisation and make your mark!
Description
Responsibilities of this position:
Spend Analysis & Reporting
- Analyse spend and procurement performance metrics to identify opportunities for cost optimisation
- Maintain cost models, market indices, and spend analytics datasets
- Produce regular and ad-hoc reports on service performance and purchasing trends across the organisation
Market & Supplier Insights
- Conduct market analysis to inform supplier selection and category strategy
- Gather, maintain, and publish key market insights and benchmarking data
- Follow up with suppliers/sub-contractors on requested quotes and support responses as required
Sourcing & Procurement Support
- Lead mid-value sourcing projects and RFx processes under the guidance of the Category Manager
- Support the development of templates for quote responses to streamline quote analysis
- Identify and assist with improvement initiatives across categories and spend
Process & Administrative Support
- Assist in developing and maintaining category templates and process documentation
- Undertake related administrative duties to ensure effective team operations
Profile
A successful Procurement Specialist should have:
Key Skills & Competencies
- Strong analytical and problem-solving skills, with experience interpreting large data sets to extract actionable procurement insights
- Knowledge of procurement and sourcing principles, strategies, and supplier management
- Proficient in negotiation, stakeholder engagement, and collaboration across teams
- Experience using Source-to-Pay systems, procurement analytics tools, and Microsoft Office (Excel, Word, PowerPoint, BI)
- Skilled in data analysis, report writing, and applying quantitative and qualitative methodologies
- Detail-oriented with excellent organizational and communication abilities
Qualifications & Experience
- Degree in Business, Procurement, or related field
- 3+ years of professional procurement experience
Job Offer
- Competitive salary ranging from 55,000 to 60,000 per annum, dependant on experience.
- Comprehensive benefits package.
- Permanent role within a reputable organisation in the Financial services industry.
- Opportunities for professional development and growth.
- Hybrid working with three days a week required on-site in central London.
- Collaborative and supportive work environment in London.
If you are a Procurement Specialist looking to advance your career in the healthcare industry, this is an excellent opportunity for you. Apply now to join a thriving organisation in London!
