Procurement Analyst

CFC; City Of London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading insurance company in London seeks a Procurement Analyst to support procurement initiatives. Responsibilities include data analysis, managing supplier information, and ensuring compliance with organizational standards. The ideal candidate will have strong analytical skills and experience in procurement processes, contributing to process improvement and cost-saving initiatives.

Qualifications

• Strong analytical skills and attention to detail.
• Experience with data analysis and reporting tools.
• Knowledge of procurement processes and supplier management.

Responsibilities

• Gather and analyze procurement data for cost-saving opportunities.
• Assist in preparing Requests for Proposal (RFPs).
• Maintain supplier and contract databases.

Skills

Analytical skills

Data analysis

Supplier management

Communication

Job description

Procurement Analyst

Department: Real Estate & Procurement

Employment Type: Permanent - Full Time

Location: UK - London

Reporting To: Dami Robson

Description

As a Procurement Analyst, you will support CFC's procurement and outsourcing initiatives by analysing data, managing supplier information, and assisting with procurement activities. You will collaborate with internal stakeholders and suppliers to optimize processes, support cost-saving initiatives, and ensure compliance with organizational standards. Your analytical skills and attention to detail will play a crucial role in driving efficiency, governance, and value across procurement operations.

About the role

The procurement analyst will be responsible for:

Data Analysis and Reporting

• Gather and analyse procurement data to identify cost-saving opportunities and trends.
• Produce and maintain detailed reports, dashboards and insights to support procurement strategies and decision-making.
• Maintain accurate and up-to-date records of supplier performance and procurement activities.

Support for Procurement Processes

• Assist in the preparation of Requests for Proposal (RFPs) and tender documentation.
• Support the evaluation of supplier bids and prepare comparative analysis.
• Collaborate with stakeholders to ensure timely and efficient procurement of goods and services.

Supplier Management

• Maintain supplier and contract databases and assist in supplier performance reviews.
• Support the implementation of KPIs for supplier performance and identify areas for improvement.
• Partner with the Procurement & Outsourcing Manager to develop strong relationships with key suppliers.

Compliance and Risk Mitigation

• Ensure procurement activities adhere to internal policies and regulatory requirements. Collaborate with teams such as Compliance, Legal, and IT to address risk factors.
• Support Supplier Due Diligence process for all new CFC suppliers
• Conduct periodic reviews to ensure process compliance and highlight areas for improvement.

Process Improvement

• Identify opportunities to optimise procurement processes and reduce costs.
• Assist in the ongoing improvement of procurement processes, templates and systems
• Contribute to the development and implementation of best practices across the procurement function.

About you

The suitable candidate will have strong analytical skills and attention to detail, while being proficient in data analysis and reporting tools. You will have experience of procurement processes and supplier management, as well as excellent verbal and written communication.

Core Values

Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.

Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.