Procurement Specialist

Michael Page; Greater London; Hybrid; GBP 55,000 - 60,000; Full time

Job summary

A leading recruitment agency seeks a Procurement Specialist to join a well-established firm in the Financial Services industry. You will analyse spend metrics, conduct market research, and lead sourcing projects in a hybrid working environment. With a focus on collaboration, you will contribute to a supportive team while pursuing professional development opportunities. A competitive salary ranging from £55,000 to £60,000 is offered based on experience, making this a prime opportunity for those looking to enhance their career.

Benefits

Competitive salary

Comprehensive benefits package

Opportunities for professional development

Collaborative work environment

Qualifications

• 3+ years of professional procurement experience.
• Experience interpreting large data sets to extract actionable insights.

Responsibilities

• Analyse spend and procurement performance metrics.
• Conduct market analysis to inform supplier selection.
• Lead mid-value sourcing projects and RFx processes.
• Assist in developing and maintaining category templates.
• Undertake administrative duties to ensure effective operations.

Skills

Strong analytical and problem-solving skills

Knowledge of procurement and sourcing principles

Proficient in negotiation and stakeholder engagement

Experience using Source-to-Pay systems

Skilled in data analysis and report writing

Detail-oriented with strong organizational abilities

Education

Degree in Business, Procurement, or related field

Tools

Microsoft Office (Excel, Word, PowerPoint, BI)

Job description

Client Details

This organisation operates within the Financial Services industry and is a well-established company. It is recognised for its focus on delivering high-quality services and maintaining robust procurement operations. Their procurement department is currently in its infancy- offering an exciting opportunity to join the organisation and make your mark!

Description

Responsibilities of this position:

Spend Analysis & Reporting

• Analyse spend and procurement performance metrics to identify opportunities for cost optimisation
• Maintain cost models, market indices, and spend analytics datasets
• Produce regular and ad-hoc reports on service performance and purchasing trends across the organisation

Market & Supplier Insights

• Conduct market analysis to inform supplier selection and category strategy
• Gather, maintain, and publish key market insights and benchmarking data
• Follow up with suppliers/sub-contractors on requested quotes and support responses as required

Sourcing & Procurement Support

• Lead mid-value sourcing projects and RFx processes under the guidance of the Category Manager
• Support the development of templates for quote responses to streamline quote analysis
• Identify and assist with improvement initiatives across categories and spend

Process & Administrative Support

• Assist in developing and maintaining category templates and process documentation
• Undertake related administrative duties to ensure effective team operations

Profile

A successful Procurement Specialist should have:

Key Skills & Competencies

• Strong analytical and problem-solving skills, with experience interpreting large data sets to extract actionable procurement insights
• Knowledge of procurement and sourcing principles, strategies, and supplier management
• Proficient in negotiation, stakeholder engagement, and collaboration across teams
• Experience using Source-to-Pay systems, procurement analytics tools, and Microsoft Office (Excel, Word, PowerPoint, BI)
• Skilled in data analysis, report writing, and applying quantitative and qualitative methodologies
• Detail-oriented with excellent organizational and communication abilities

Qualifications & Experience

• Degree in Business, Procurement, or related field
• 3+ years of professional procurement experience

Job Offer

• Competitive salary ranging from 55,000 to 60,000 per annum, dependant on experience.
• Comprehensive benefits package.
• Permanent role within a reputable organisation in the Financial services industry.
• Opportunities for professional development and growth.
• Hybrid working with three days a week required on-site in central London.
• Collaborative and supportive work environment in London.

If you are a Procurement Specialist looking to advance your career in the healthcare industry, this is an excellent opportunity for you. Apply now to join a thriving organisation in London!