Procurement Analyst

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Job Profile Summary

We are seeking a self-motivated individual to join our corporate procurement team. This position follows a hybrid work model, combining remote work with an in-office presence. The candidates should be located within a reasonable commuting distance of the following locations Greensboro, NC; Raleigh, NC; White Plains, NY; Jersey City, New Jersey. Regular on-site attendance will be required as part of the role. This position is best suited for an individual with the ability to lead a variety of tasks and to support business units across Arch.

Job Description

Reporting directly to the Director of Procurement, the Procurement Analyst will work as part of the team assisting with all aspects of the end-to-end procurement process supporting the strategic sourcing and vendor management functions by providing data-driven insights, market analysis, and commercial evaluation to optimize procurement performance. This role partners with internal stakeholders to drive cost efficiency and ensure compliance with procurement policies.

Responsibilities will include:

• Assisting with the sourcing and onboarding of new vendors, ensuring adherence of all policies and procedures
• Working collaboratively across business units and entities to gather requirements and prepare Requests for Proposals or Information
• Identifying, evaluating, and selecting reliable suppliers while negotiating contracts and pricing to secure optimal commercial terms.
• Ensuring commercial terms align with company procurement policies
• Analyzing vendor proposals and preparation of competitive analysis for internal review with stakeholders
• Assist in contract lifecycle management, including renewal tracking
• Developing reports to analyze spending and vendor performance including trends and key metrics
• Partner with IT, Legal, Finance and Business Units to align procurement strategies with business objectives
• Assist with special projects as assigned
  
  

Desired Skills/Experience

• Experience with a multi-national insurance company or similar financial services business
• Experience supporting internal investment teams and/or IT teams
• Experience with data privacy and/or information security requirements

Required Skills/Experience

• Sourcing and procuring experience with a broad variety of suppliers, including IT, software, professional services, and insurance specific data/service providers
• Proficient in Microsoft Office Suite with advanced knowledge of Excel
• Strong oral and written communication skills
• Exceptional customer service and communication skills, strong organizational and problem-solving skills
• A high degree of personal and professional integrity; be customer focused (internal and external); takes initiative; can quickly grasp new concepts; is organized and thorough; can multi-task and manage workload; pays close attention to detail; proactive
• The ability to prioritize, follow through with assigned tasks efficiently and accurately
• 3 Years experience in procurement or related field
  
  

Education

• Bachelor’s degree preferred or 5 years’ experience sourcing and procuring
  
  

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

$80,000 - $107,000/year

• Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
• Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits.
  
  

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

10200 Arch Capital Services LLC