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PROCUREMENT SPECIALIST

City of London Permanent £50,000 - £60,000 per year View Job Description
This is an exciting opportunity for a Procurement Specialist to join a Financial Services company and play a vital role in managing procurement activities. The ideal candidate will ensure effective procurement processes and achieve cost efficiencies while maintaining high-quality standards.
  • Procurement Specialist
  • Permanent opportunity within the Financial Services sector.

About Our Client

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!

Job 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

The Successful Applicant

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

What's on 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!

Contact
Beth Collins
Quote job ref
JN-012026-6921013
Phone number
+441132437717

Job summary

Job function
Procurement & Supply Chain
Subsector
Indirect Procurement
Sector
Financial Services
Location
City of London
Contract type
Permanent
Consultant name
Beth Collins
Consultant phone
+441132437717
Job reference
JN-012026-6921013