The Procurement Analyst is responsible for supporting procurement and finance teams in negotiating contracts and enhancing Paymentology’s purchasing processes. This role plays a key part in improving Paymentology’s commercial position and financial performance by identifying cost-saving opportunities, ensuring compliance with internal and external procurement policies, and implementing structured purchasing procedures.
Contract Negotiation and Procurement Management:
- Assist in the negotiation of new contracts and contract renewals, ensuring optimal commercial terms for Paymentology.
- Identify cost-saving opportunities by analysing procurement data and monitoring expenditure.
- Maintain accurate and up-to-date records of supplier agreements, procurement activities, and savings opportunities.
Financial and Data Analysis:
- Monitor and analyse procurement data to track expenditure trends and highlight efficiency opportunities.
- Develop dashboards to visualise spend, assess supplier performance, and identify key cost-reduction strategies.
Compliance and Vendor Onboarding:
- Work closely with legal, compliance, and cybersecurity teams to onboard vendors in accordance with Paymentology’s internal policies, PCI regulations, and client requirements.
- Ensure that all procurement processes align with regulatory standards and risk management protocols.
Cross-Functional Collaboration:
- Collaborate with internal stakeholders to proactively manage purchases and secure the best commercial deals.
- Support the rollout and continuous improvement of procurement processes, including the implementation of a third-party risk management system and purchase order process within the current ERP system.
- Outcome: A structured, data-driven procurement process that enhances financial performance, mitigates risk, and ensures Paymentology secures the best value in supplier agreements.
What it takes to succeed:
- Strong analytical skills with the ability to interpret and compare complex, multi-layered commercial proposals.
- Excellent interpersonal skills, with the ability to engage and influence internal and external stakeholders.
- Proficiency in Microsoft Office, particularly Excel, for procurement data analysis and reporting.
- High attention to detail, with the ability to manage multiple concurrent tasks in a fast-paced environment.
- Experience in technology procurement, particularly in SaaS-based agreements.
- Understanding of legal contract review and negotiation.
- Familiarity with ERP systems is preferred.
Years of Experience
- 2–3 years of experience in a procurement or commercial-based role.
- Proven track record of contract negotiation, supplier management, and cost-saving initiatives.
- Experience in technology and SaaS procurement is highly desirable.
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