What are the responsibilities and job description for the Procurement Analyst position at ReliaQuest, LLC.?
Why it’s worth it:
Joining as the Procurement Analyst, ReliaQuest, you will serve as our first dedicated procurement professional. In this role, you will work closely with our business leaders, legal team, and finance team. You’ll be a key team member responsible for sourcing, supplier negotiations, contract reviews, and provide end-to-end Procure-to-Pay support. You will use your experience to deliver on excellent internal business partnership and a proactive purchasing capability.
As a member of the Finance team, you will make an impact by being a trusted purchasing subject matter expert, supporting the overall business (including Technical Operations, Sales, Marketing, Product R&D, and Corporate functions) in interfacing with the company’s suppliers.
The everyday hustle:
- Build strong relationships with internal stakeholders to understand unique requirements and opportunities
- Negotiate and review contracts and supplier agreements, analyze price offers and negotiate improved business terms
- Partner with Finance, Legal and Business teams for purchasing and contract execution
- Perform continuous contract management and process improvement
- Create and manage purchase requisitions for various products and services
- Break down complex contracts to translate data into actionable purchasing decisions
- Analyze spend data to proactively identify cost-saving opportunities and implement strategies to address them
- Create pricing models based on vendor proposals to quantify various buying scenarios related to our future growth and current demand
- Evaluate suppliers, products, and services to obtain comparative information for use in developing proposals and supplier selection
- Prepare and evaluate formal and informal supplier bids and request-for-proposal packages for review and approval
- Analyze market trends and assess their impact on future supplier activities
- Assist teams to independently evaluate their best practices when purchasing on behalf of the organization
- Contributing to ad-hoc projects or other tasks as needed
Do you have what it takes?
- 5 years of relevant technology procurement experience
- Bachelor’s degree in business or related field
- Preferred experience working in a high-growth global company (ideally software) and understanding the complexities of that growth
- Possess an intentional focus on customer service; proven ability to build strong partnerships with stakeholders and understand customer needs (stated and un-stated)
- Highly detailed, organized, and proactive; ability to manage multiple projects at once with a strong bias for action and problem solving
- Demonstrated strong ownership and accountability while independently managing competing priorities with tight timelines
- Procurement contracts experience; Proficient in reading, reviewing, and negotiating commercial agreements with third parties, in particular spotting issues around term, termination, billing, etc.
- Analytical skills; Proven ability to analyze and present complex data to executives and business partners
- Demonstrated ability to analyze and propose various commercial models ahead of any new purchases and renewals
- Knowledge of a variety of technical product solutions as well as experience with Services that are associated to the technology sector, including Software/SaaS and any associated support services
- Experience with sourcing events (RFI, RFQ, RFP)
- Experience with creating and processing purchases through financial ERP
- Advanced MS Office (Word/Excel/Outlook) skills
