Procurement Analyst

Cushman Wakefield Multifamily; Chicago (IL); On-site; USD 63,000 - 75,000; Full time

Job summary

A leading real estate firm is seeking a Procurement Analyst in Chicago to support procurement operations and manage supplier relationships. This role involves strategic sourcing, contract management, and supplier performance analysis. The ideal candidate will have a Bachelor's degree and 1-3 years of relevant experience, with strong analytical skills and proficiency in Microsoft applications.

Benefits

Health insurance

Flexible spending accounts

Retirement savings plans

Qualifications

• Degree in Business, Accounting, Economics, Finance, or Supply Chain Management required.
• 1-3 years experience in Accounting, Finance, or Procurement.
• Strong analytical and quantitative skills.

Responsibilities

• Support the Procurement team with strategic sourcing.
• Develop and facilitate solicitations and analyze responses.
• Negotiate pricing and engage with suppliers.
• Prepare draft contracts and maintain records.
• Conduct supplier audits and business reviews.
• Analyze account spending for cost-saving opportunities.

Skills

Analytical skills

Ability to communicate effectively

Proactiveness

Organizational awareness

Microsoft Excel

Education

Bachelor’s Degree in Business, Accounting, Economics, Finance, or Supply Chain Management

Tools

Microsoft Outlook

Microsoft PowerPoint

Microsoft Word

Job description

Job Title

Procurement Analyst

Job Description Summary

Under the direction of the Procurement Manager, this role supports the Procurement team in its management of the supplier base on the Citigroup account. This role will support strategic sourcing initiatives and optimize Procurement operations to enhance procurement efficiency and value delivery. This position is crucial to maintaining high levels of compliance, cost savings achievement, and managing supplier performance.

Job Description

Our Core Values

• Driven: We celebrate determination in pursuit of excellence.
• Resilient: We navigate uncertainty with courage and adapt to deliver impactful outcomes.
• Inclusive: We value curiosity and collaboration. We seek out different perspectives, listen actively and turn feedback into solutions.
• Visionary: Our continuous quest for improvement is guided by our desire to design a better future.
• Entrepreneurial: We act like owners. We are resourceful, creative, and agile, and we balance competing needs to create impactful solutions for the real estate industry.

Responsibilities

Sourcing

• Develop and facilitate solicitations, analyze responses, negotiate pricing, and use other techniques as necessary to obtain the desired solicitation results.
• Review and provide guidance to Operations Team during the scope of work (SOW) drafting phase of the sourcing process.
• Employ C&W best practices, policies, processes, tools, and templates to include both C&W corporate and Client account specifications, as well as engaging with Category Managers and preferred suppliers in the execution of Procurement responsibilities.
• Review and submit any certificate of insurance (COI) escalations, as necessary, for suppliers that require deviations from C&W minimum insurance requirements.

Contracting

• Prepare draft contract templates for supplier review, review and provide commentary on supplier contract redlines, negotiate with suppliers to obtain favorable terms and conditions, and work with C&W Legal to execute supplier agreements (contracts).
• Interpret contracts, negotiate with vendors, and ensure appropriate contractual records retention plans are in place on the account.
• Maintain organized records to ensure any implemented system of checks and balances is being continually met for service contracts and additional compliance items.
• Advise management regarding contractual rights, obligations, and other matters, such as effective use of resources and legal issues.

Supplier Management

• Implement programs, facilitate supplier audits and quarterly business reviews (QBRs), and initiatives to ensure the achievement of all goals, metrics, and KPIs are met.
• Oversee supplier onboarding process, fielding any troubleshooting challenges that team members encounter with supplier onboarding process.
• Resolve any issues with supplier performance and quality.

Reporting and Analytics

• Analyze account spend, perform cost benchmarking, and review processes to consistently identify opportunities for value creation.
• Identify and pursue cost-saving opportunities.
• Develop and implement procurement strategies in the annual Sourcing Plan.
• Generate and distribute all necessary and requested reports.

Other

• Maintain ethical and commonly accepted good business practices.
• Perform other related duties, as assigned.

Job Requirements and Qualifications

• Bachelorâs Degree (Business, Accounting, Economics, Finance, or Supply Chain Management) or equivalent job experience.
• Minimum of one to three yearsâ experience working with Accounting, Finance, or Procurement role, or equivalent related experience.

Targeted Competencies

• Must possess analytical and quantitative skills with ability to analyze and interpret information, data, and related documentation.
• Candidate should demonstrate proactiveness to their daily tasks and projects while being able to complete tasks with minimal oversight.
• Building diverse relationships within all levels of the organization.
• Ability to demonstrate adaptability, organizational awareness, and business acumen.
• Ability to communicate effectively with all levels of management.
• Self-motivated and effective at working independently to find solutions.
• Proficient in the following Microsoft Applications: Outlook, Excel, PowerPoint, and Word.
• Experience in working closely with other shared service departments such as: Accounts Payable, Human Resources, Finance, and Procurement.

WORK ENVIRONMENT

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to communicate with others and exchange accurate information; operate a computer and other office productivity machinery; move about the workplace; remain in a stationary position for up to 90% of the time; and extend hands and arms in any direction.

OTHER DUTIES

This job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements. The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidateâs experience and qualifications. The company will not pay less than minimum wage for this role. The compensation for the position is: $ 63,750.00 - $75,000.00 Cushman & Wakefield is an Equal Opportunity employer to all protected groups, including protected veterans and individuals with disabilities. Discrimination of any type will not be tolerated.

In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, please call the ADA line at 1-888-365-5406 or emailÂ. Please refer to the job title and job location when you contact us.

INCO: âœCushman & Wakefieldâ