What are the responsibilities and job description for the Sourcing Analyst- Procurement Internship position at Cantor Fitzgerald?
Job Title: Sourcing Analyst- Procurement Internship
Job Summary:
We are seeking a motivated and detail-oriented Summer Intern to join our Sourcing and Procurement team. As a Sourcing Analyst Intern, you will play a crucial role in supporting our key contract life cycle management project and other sourcing and procurement tasks. This internship offers a unique opportunity to gain hands-on experience in a dynamic and fast-paced environment.
Location: New York, NY
Firm Overview:
Cantor Fitzgerald L.P., with over 12,000 employees, has been a leading global financial services firm at the forefront of financial and technological innovation since 1945. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting, PIPE placements, commercial real estate, and for its global distribution platform. Capitalizing on the firm’s financial acumen and technology prowess, Cantor’s portfolio of businesses also includes Prime Brokerage, Asset Management, and other businesses and ventures. For 79 years, Cantor has consistently fueled the growth of original ideas, pioneered new markets, and provided superior service to clients. Cantor operates trading desks in every major financial center globally, with offices in over 30 locations around the world. As one of the few remaining private partnerships on Wall Street, Cantor has the distinct ability to focus on long-term value creation and solid relationship building. Our structure allows us to respond quickly to client needs, develop solutions that address complex challenges, avoid the limitations of bureaucracy, and attract talented individuals who are driven to succeed.
Key Responsibilities:
- Assist in the building, management and administration of our new contract life cycle processes, including reviewing, and tracking contracts using AI.
- Create and establish quick reference and tutorial guides.
- Build out reporting and dashboards on CLM
- Maintain and update procurement databases
- Collaborate with cross-functional teams
- Participate in team meetings and contribute to project planning and execution.
Qualifications:
- Currently enrolled in a Bachelor's or Master's program in Business, Supply Chain Management, Procurement, or a related field.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Ability to work independently and as part of a team.
- Detail-oriented with strong organizational skills.
- Prior experience or coursework in sourcing, procurement, or contract management is a plus.
Benefits:
- Gain practical experience in sourcing and procurement within a leading financial company.
- Opportunity to work on a key contract life cycle management project.
- Mentorship and guidance from experienced professionals.
- Networking opportunities within the industry.
Salary: 20.00/hr
The expected base salary for this position is 20.00/hr. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
