Sr. Procurement Analyst

costar; Arlington (VA); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Procure-to-Pay Analyst to enhance their procurement processes. This role involves developing global sourcing strategies, managing supplier relationships, and improving efficiencies in the procure-to-pay workflow. The ideal candidate will have a strong background in procurement, negotiation skills, and experience with ERP systems, particularly Oracle Cloud. Join a dynamic team that values innovation and collaboration, and contribute to a culture that supports professional growth and development. If you are ready to make a significant impact in the real estate information sector, this opportunity is for you!

Benefits

Comprehensive healthcare coverage

401(K) retirement plan with matching contributions

Employee stock purchase plan

Paid time off

Tuition reimbursement

On-site fitness center

Complimentary gourmet coffee and snacks

Commuter and parking benefits

Qualifications

• 5+ years of indirect or direct spend experience required.
• 2+ years of ERP system experience, Oracle Fusion preferred.
• Strong negotiation skills and supplier management experience.

Responsibilities

• Qualify vendors and negotiate prices for goods and services.
• Maintain supplier database in Oracle Cloud ERP system.
• Drive cost-saving exercises and manage procurement activities.

Skills

Negotiation Skills

Supplier Management

Problem-Solving Skills

Attention to Detail

Cost Analysis Methodology

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.

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings for our customers. We’ve continually refined, transformed, and perfected our approach to our business, creating platforms that have become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

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. Consolidating these related Procurement and A/P functions into a single team will allow us to improve efficiency and accuracy and build stronger relationships with our suppliers.

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. The Procure-to-Pay Analyst will maintain accuracy in CoStar’s Oracle Cloud ERP system and is expected to drive improvements and efficiencies in the procure-to-pay processes.

RESPONSIBILITIES:

• Qualify vendors, evaluate bids, and negotiate prices and terms for purchased goods and services.
• 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.
• Drive early procure to pay involvement and proactively conduct cost saving exercises.
• 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.
• 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 such as: expediting, changes, delivery, cancellations, acknowledgements, verify requisition against catalogue availability, etc.
• Responsible for savings and KPI achievements and its reporting.
• 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:

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

PREFERRED QUALIFICATIONS AND SKILLS:

• Strong experience in technology and SaaS procurement.
• Strong customer care focus.
• Work well with a team and independently.
• Ability to work across multiple departments and spend categories.
• 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.

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