Procurement Analyst

CFC; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance provider in London is seeking a Procurement Analyst to support their procurement and outsourcing initiatives. The role involves data analysis, supplier management, and ensuring compliance with organizational standards. Candidates must have strong analytical skills, attention to detail, and experience in procurement processes. This is a full-time position offering opportunities for process improvement and strategic collaboration with suppliers.

Qualifications

• Strong analytical skills and attention to detail are required.
• Proficiency in data analysis and reporting tools is essential.
• Experience in procurement processes and supplier management is necessary.

Responsibilities

• Gather and analyze procurement data to identify cost-saving opportunities.
• Produce reports and dashboards to support procurement strategies.
• Assist in the preparation of Requests for Proposal (RFPs).
• Collaborate with stakeholders for timely procurement of goods.
• Ensure procurement activities comply with internal policies.

Skills

Analytical skills

Attention to detail

Data analysis

Supplier management

Communication

Tools

Data analysis and reporting tools

Job description

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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.

Key Responsibilities

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.
• 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.

Skills, knowledge and experience

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,

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business

• Industries

  Insurance

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