Procurement Specialist, Officer

STATE STREET CORPORATION; Burlington; On-site; USD 65,000 - 103,000; Full time

Job summary

An established industry player is seeking an Entry-Level Procurement Specialist to join their Service Management team. This role involves supporting the procurement process for technological resources, ensuring timely and cost-effective acquisitions. You will collaborate with cross-functional teams to manage vendor relationships while maintaining efficiency and accuracy. If you're detail-oriented, self-motivated, and possess strong analytical and communication skills, this opportunity offers a dynamic work environment with competitive benefits and a focus on professional growth. Join a forward-thinking company that values diversity and inclusion.

Benefits

Generous medical care

Insurance plans

Savings plans

Flexible work program

Educational support

Paid volunteer days

Matching gift program

Qualifications

• Bachelor’s degree required in relevant fields.
• Strong interest in technology and procurement processes.
• Detail-oriented with excellent organizational skills.

Responsibilities

• Assist in procurement of hardware, software, and services.
• Support vendor management and maintain procurement records.
• Coordinate with stakeholders to identify technological needs.

Skills

Data Analytics

Communication Skills

Organization Skills

Time Management

Creative Thinking

Self-Motivation

Excel Proficiency

Education

Bachelor’s degree in Business

Bachelor’s degree in Information Technology

Bachelor’s degree in Supply Chain Management

Tools

Microsoft Office Suite

Procurement Software

ERP Systems

Job description

Who we are looking for:

CRD Corporate IT is seeking a detail-oriented and motivated Entry-Level Procurement Specialist to join the Service Management team. In this role, you will support the procurement process for all CRD-related products and services, ensuring the timely and cost-effective acquisition of hardware, software, and other technological resources. You will work closely with cross-functional teams to assist in managing vendor relationships while maintaining the highest standards of efficiency and accuracy.

Why this role is important to us

The team you will be joining is a part of Charles River Development (CRD), that became a part of State Street in 2018. CRD helps create enterprise investment management software solutions for large institutions in the areas of institutional investment, wealth management and hedge funds. Together we have created the first open front-to-back platform - State Street Alpha, that was launched in 2019.

Join us if delivering next generation infrastructure, using emerging technologies like AI and Blockchain sounds like a challenge you are up for.

What you will be responsible for

The Procurement Specialist:

• Assist in the procurement of CRD hardware, software, and services, ensuring that purchases align with company needs and budget.
• Support the State Street procurement team with vendor management, including obtaining quotes, assessing vendor performance, and ensuring timely delivery.
• Process purchase orders and track order status from initiation to delivery, ensuring orders are completed within the required time frame.
• Maintain accurate records of CRD procurement transactions, including purchase orders, contracts, and invoices.
• Coordinate with internal stakeholders to identify technological needs and specifications for new projects or upgrades.
• Collaborate with finance and accounting teams to ensure proper invoicing, payments, and financial tracking for IT purchases.

What we value

These skills will help you succeed in this role:

• Excellent data analytics skills
• Excellent written and verbal communication skills
• Excellent organization and time management skills
• Propensity to think creatively.
• Self-motivated and competently self-directed
• Advanced Excel skills including the quick construction of pivots, lookups, and comparative reports.

Education & Preferred Qualifications

• Bachelor’s degree in Business, Information Technology, Supply Chain Management, or a related field required.
• Strong interest in technology and procurement processes.
• Excellent communication and interpersonal skills, with the ability to work effectively with both internal teams and external vendors.
• Detail-oriented with strong organizational and time-management skills.
• Basic understanding of IT hardware, software, and networking terminology (desired).
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) or similar office tools.
• Familiarity with procurement software or enterprise resource planning (ERP) systems (preferred).
• Experience with Risk Management a plus.
• Familiarity with Beeline a plus.

Additional requirements

• Travel may be required for up to 5% of the time.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$65,000 - $102,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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