Sr. Procurement Analyst

CoStar Group, Inc.; Arlington (VA); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a dynamic team as a Procure-to-Pay Analyst at a leading real estate information provider. This role involves developing global sourcing strategies, managing procurement activities, and negotiating with suppliers to optimize costs. You'll work in a collaborative environment that values innovation and offers ample opportunities for professional growth. Enjoy a comprehensive benefits package, including healthcare, 401(K) matching, and tuition reimbursement, while being part of a mission-driven organization dedicated to digitizing real estate. If you're ready to make an impact in a fast-paced setting, this is the opportunity for you.

Benefits

Comprehensive Healthcare Coverage

401(K) Retirement Plan with Matching Contributions

Tuition Reimbursement

On-site Fitness Center

Employee Stock Purchase Plan

Paid Time Off

Commuter and Parking Benefits

Complimentary Gourmet Snacks

Qualifications

• 5+ years of indirect or direct spend experience with various categories.
• 2+ years of ERP system experience, preferably with Oracle Fusion.

Responsibilities

• Qualify vendors, evaluate bids, and negotiate prices for goods and services.
• Setup and maintain supplier database in Oracle Cloud ERP system.

Skills

Negotiation Skills

Vendor Management

Problem-Solving Skills

Attention to Detail

Relationship Building

Education

Bachelor’s Degree

Tools

Oracle Cloud ERP

Microsoft Office

Syndicated Media Research Tools

Job description

Procure-to-Pay Analyst
Job Description

COMPANY INTRO: CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

ROLE DESCRIPTION: At CoStar Group, we have consolidated traditional Procurement and Accounts Payable strategic and operational activities into a single Procure-to-Pay (P2P) organization to support an integrated, end-to-end process workflow. We are currently seeking a Procure-to-Pay Analyst to join our team in our Washington, DC headquarters. The Procure-to-Pay Analyst will work with P2P leadership to develop the company’s global sourcing strategy and expand our supplier base. The Procure-to-Pay Analyst will support all procurement activities for assigned categories and punch-out catalog content.

RESPONSIBILITIES:

1. Qualify vendors, evaluate bids, and negotiate prices and terms for purchased goods and services.
2. Support and lead sourcing process alongside legal and internal stakeholders: identify local/global supply needs, initiate and manage all RFX processes, tender, and negotiate business terms and pricing with suppliers.
3. Drive early procure to pay involvement and proactively conduct cost saving exercises.
4. Setup and maintain supplier database in Oracle Cloud ERP system and work closely with the Financial Systems team on updates or issues with the Oracle Cloud ERP system.
5. Initiate and assist the Business owners in the set-up of purchase orders, non-Catalog forms, and internal catalogs, punch-out catalogs in line with contracts or single-case procurement activities.
6. Responsible for savings and KPI achievements and its reporting.
7. Keep abreast of assigned category trends, market and economic conditions and other opportunities to leverage during overall negotiations of the local supply base.

BASIC QUALIFICATIONS:

1. Bachelor’s degree from an accredited, not for profit University or College required.
2. 5+ years of indirect or direct spend experience with exposure to various categories and multiple buying platforms.
3. 2+ years of ERP system experience, with Oracle Fusion preferred.
4. 2+ years of knowledge about procure to pay principles, process and price/cost analysis methodology, and relevant legal terms and methodologies.
5. 2+ years of negotiation skills or education and good experience in supplier management.
6. Proven relationship-building and problem-solving skills, with a strong attention to detail, and ability to set priorities.
7. Strongly proficient in Microsoft Office, Syndicated Media Research tools, and presentation software.

PREFERRED QUALIFICATIONS AND SKILLS:

1. Strong experience in technology and SaaS procurement.
2. Strong customer care focus.
3. Work well with a team and independently.
4. Ability to work across multiple departments and spend categories.
5. Experience with one of the following indirect spend categories preferred: technology, marketing, facilities, and construction.

WHAT’S IN IT FOR YOU: Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program. Our benefits package includes (but is not limited to): Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug, Life, legal, and supplementary insurance, Commuter and parking benefits, 401(K) retirement plan with matching contributions, Employee stock purchase plan, Paid time off, Tuition reimbursement, On-site fitness center and/or reimbursed fitness center membership costs (location dependent), Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks.

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar is not able to provide visa sponsorship for this position.

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing.