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Junior Procurement Analyst - Tier 1 Financial Services

Junior Procurement Analyst - Tier 1 Financial Services

  • Location

    City of London

  • Sector:

    Risk and Compliance, Sustainability, Procurement

  • Job type:


  • Salary:

    £30000 - £45000 per annum

  • Contact:

    George Purkiss

  • Contact email:

  • Salary high:


  • Salary low:


  • Job ref:


  • Published:

    about 1 year ago

  • Expiry date:


  • Startdate:


1st-Executive are mandated with a global Insurance organisation, currently searching for a Procurement Analyst to support the procurement function with data / MI and analytics across a range of IT and NON IT goods and services.This is a rare opportunity to join a well-known FS organisation who are operating in global markets.

This procurement function selects and manages third party suppliers. The aim of the function is to protect the business against commercial, operational and regulatory risk whilst delivering value for money for budget holders.

Main responsibilities are the below;

To support the evolving centralised Procurement function and the Sourcing Specialists
* To protect business interests and brand by ensuring that contracts are in place, and the correct Due Diligence is carried out
* To provide first stop in-house procurement advice in relation to supplier queries, Purchase orders and contracts
Principal Account abilities
* Support negotiations, contracting and sourcing exercises of low-risk vendors. Identifying value for money opportunities.
* Maintain the Procurement intranet page.
* Manage the Procurement inbox.
* Facilitate new supplier requests.
* Manage the supplier database.
* Support the Third-Party Risk Analyst with the supplier due diligence process.
* Support and assist the Category Specialists with sourcing events, contract management and supplier management.
* Pro-active engagement with the business and/or service functions to plan and support procurement requirements, supplier relationship and contract management.
* Hold meetings with Business Owners to review contract