Senior Procurement Analyst - Ridgeland, MS

BANKPLUS; Ridgeland (MS); On-site; USD 70,000 - 100,000; Full time

Job summary

BANKPLUS is seeking a Senior Procurement Analyst to drive end-to-end sourcing, spend analytics, and category strategies. You will partner with business units, manage RFx events, negotiate terms, and help optimize our Source-to-Pay processes.

You'll work with Vendor Management, TPRM, and Finance to ensure compliance with DOA and regulatory standards, while delivering measurable cost savings and procurement excellence.

Qualifications

• Bachelor's degree in a relevant field.
• 2-5 years of experience in strategic sourcing, category management, or procurement analytics.
• Experience with RFx processes and spend analysis.
• Proficient in Microsoft Office applications.
• Knowledge of procurement regulations and governance.

Responsibilities

• Partner with bank leaders to identify purchasing needs and build sourcing pipelines.
• Facilitate end-to-end competitive sourcing events (RFIs, RFPs, RFQs) and negotiate terms.
• Assist with contract terms, pricing, and SLAs during drafting and renewal.
• Perform spend analysis to find savings opportunities and optimize tail spend.
• Develop category strategies for non-labor spend areas such as Software/SaaS and professional services.
• Establish savings tracking and KPIs for finance leadership.
• Support implementation and optimization of Source-to-Pay platforms.
• Train stakeholders on procurement processes and requisition workflows.

Skills

Strategic sourcing

Category management

Procurement analytics

RFx processes

Spend analysis

Negotiation

S2P platforms

MS Office

Education

Bachelor’s degree in supply chain management, Business Administration, Finance, Economics, or a related field

Tools

Coupa

Workday Procurement

SAP Ariba

Job description

The Senior Procurement Analyst works closely with internal business lines and external procurement practice to plan and execute end to end competitive bidding processes, assists with category planning, perform spend analytics, and supports the implementation of the Source to Pay platform. This position collaborates with internal stakeholders, to include but not limited to Vendor Management, Risk Management, and Finance teas to ensure a seamless procurement experience.

Duties and Responsibilities:

• Partners directly with business unit leaders across the bank to identify upcoming purchasing needs and build proactive sourcing pipelines.
• Facilitates end-to-end competitive sourcing events (RFIs, RFPs, RFQs) for various spend categories, including vendor market research, proposal evaluation, financial modeling, and commercial negotiation.
• Assists internal stakeholders with contract commercial terms, pricing structures, and Service Level Agreements (SLAs) during contract drafting and renewal stages.
• Performs spend analysis across bank divisions to identify savings opportunities, tail-spend reduction, and supplier consolidation strategies.
• Assists in developing and executing category strategies for key non-labor spend areas (such as Software/SaaS, Professional Services, Banking Equipment, or Print/Marketing).
• Establishes savings tracking methodologies and report key performance indicators (KPIs) and realized value to finance leadership.
• Utilizes and helps optimize Source-to-Pay (S2P) platform (e.g., Coupa, Workday Procurement, SAP Ariba, or similar) to manage requisitions, bidding events, and contract repositories.
• Serves as an internal subject matter expert, training bank stakeholders on standard procurement request processes, catalog management, and purchase requisition workflows.
• Partners closely with the bank's Vendor Management and Third-Party Risk Management (TPRM) teams to transition awarded contracts for vendor onboarding, risk classification, and ongoing performance monitoring.
• Ensures all sourcing activities strictly adhere to financial institution regulatory guidelines, delegation of authority (DOA) limits, and internal compliance standards.
• Performs other duties as assigned.
• Participates in the bank’s High-Performance Rewards Connections program.
• Makes referrals to the Mortgage Center and Wealth Management.
• Maintains a thorough knowledge of the bank’s products, services, policies, procedures, and appropriate regulatory issues as related to daily job functions including but not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E, etc. and completes required compliance training and adheres to the bank’s standard of conduct.

Position Requirements:

• Bachelor’s degree in supply chain management, Business Administration, Finance, Economics, or a related field.
• 2-5 years of experience in strategic sourcing, category management, or procurement analytics.
• Demonstrated understanding of running competitive bidding (RFx) processes, negotiating commercial contract terms, and building spend analysis models
• Experience with Microsoft Office applications (Excel, PowerPoint, and Word).
• Basic understanding of enterprise architecture principles and security best practices.
• Experience helping establish a centralized sourcing function or building category management frameworks from the ground up is preferred .
• Broad experience with indirect spend categories typical to banking is preferred (e.g., Fintech, IT Hardware/Software, Office/Branch Operations, Legal & Professional Services).
• Relevant certifications, such as CPSM (Certified Professional in Supply Management), CIPS, or PMP is preferred.