Procurement Analyst

Job Title

Procurement Analyst

Under the direction of the Procurement Manager, this role supports the Procurement team in its management of the supplier base on the Citigroup account. This role will support strategic sourcing initiatives and optimize Procurement operations to enhance procurement efficiency and value delivery. This position is crucial to maintaining high levels of compliance, cost savings achievement, and managing supplier performance.

• Driven:
  We celebrate determination in pursuit of excellence.
• Resilient:
  We navigate uncertainty with courage and adapt to deliver impactful outcomes.
• Inclusive:
  We value curiosity and collaboration. We seek out different perspectives, listen actively and turn feedback into solutions.
• Visionary:
  Our continuous quest for improvement is guided by our desire to design a better future.
• Entrepreneurial:
  We act like owners. We are resourceful, creative, and agile, and we balance competing needs to create impactful solutions for the real estate industry.

Sourcing

• Develop and facilitate solicitations, analyze responses, negotiate pricing, and use other techniques as necessary to obtain the desired solicitation results.
• Review and provide guidance to Operations Team during the scope of work (SOW) drafting phase of the sourcing process.
• Employ C&W best practices, policies, processes, tools, and templates to include both C&W corporate and Client account specifications, as well as engaging with Category Managers and preferred suppliers in the execution of Procurement responsibilities.
• Review and submit any certificate of insurance (COI) escalations, as necessary, for suppliers that require deviations from C&W minimum insurance requirements.

Contracting

• Prepare draft contract templates for supplier review, review and provide commentary on supplier contract redlines, negotiate with suppliers to obtain favorable terms and conditions, and work with C&W Legal to execute supplier agreements (contracts).
• Interpret contracts, negotiate with vendors, and ensure appropriate contractual records retention plans are in place on the account.
• Maintain organized records to ensure any implemented system of checks and balances is being continually met for service contracts and additional compliance items.
• Advise management regarding contractual rights, obligations, and other matters, such as effective use of resources and legal issues.

Supplier Management

• Implement programs, facilitate supplier audits and quarterly business reviews (QBRs), and initiatives to ensure the achievement of all goals, metrics, and KPIs are met.
• Oversee supplier onboarding process, fielding any troubleshooting challenges that team members encounter with supplier onboarding process.
• Resolve any issues with supplier performance and quality.

Reporting and Analytics

• Analyze account spend, perform cost benchmarking, and review processes to consistently identify opportunities for value creation.
• Identify and pursue cost-saving opportunities.
• Develop and implement procurement strategies in the annual Sourcing Plan.
• Generate and distribute all necessary and requested reports.

Other

• Maintain ethical and commonly accepted good business practices.
• Perform other related duties, as assigned.

• Bachelor’s Degree (Business, Accounting, Economics, Finance, or Supply Chain Management) or equivalent job experience.
• Minimum of one to three years’ experience working with Accounting, Finance, or Procurement role, or equivalent related experience.

• Must possess analytical and quantitative skills with ability to analyze and interpret information, data, and related documentation.
• Candidate should demonstrate proactiveness to…