Jr Procurement Analyst/Contract Analyst

Basic Purpose Responsible for leading the RFx development, negotiation, and source selection process at NFCU. Perform due diligence activities for potential vendors, issuing RFx's, conduct price analysis and negotiation and source selection. Ensure compliance with Navy Federal Credit Union procurement policies and procedures. Leverage best in class practices and sound sourcing processes that will drive reliable and innovative Total Cost of Ownership initiatives. Assist in the planning and execution of sourcing initiatives that result in successful contracts that support business goals and strategies. Responsibilities:Assist the strategic sourcing organization in collaboration with our partners to align sourcing priorities, source selection, conduct market research, mitigate issues and add value through insightsPreparation, issuance and management of a RFP's/ RFIsCollaboratively work with cross functional teams to develop business unit requirements and Statement of Works.Administer the supplier due diligence process including non-disclosure agreements, Source Justification, and intake request triage.Participates in collaborative handoffs with Procurement to ensure effectively negotiated contracts that meet desirable financial terms and conditions.Ability to analyze large data sets to ensure objective outcomesMaintain Relationships with lines of business, team members, management, key stakeholders and external contacts (vendors, etc)Collaborate with stakeholder groups (Operations, PVM, EPMO, OGC, Information Security, etc) to achieve objectives and ensure alignment with Navy Federal's strategy and business operations.Drive partner satisfaction by learning and understanding partner needs, being responsive to issues, integrating partners into procurement/sourcing processes and building relationships with key stakeholdersSupport higher level staff with analyzing business unit requirements for leveraging opportunities, supplier recommendations and acquisition planningAssist in source selection activities of pre-qualified vendors, including conducting market analysis to determine potential sourcesObtain and analyze vendor performance and delivery data for to ensure quality, consistency, and fairness to inform sourcing activitiesMaintain vendor related documentation, including source selection records, supplier performance information, compliance metrics, and value capture results.Assist in the development of product category strategy and research new product options in the category to drive TCO savings and achieve targetsPerform market data analysis and monitor relevant market conditions for assigned categoriesPerform other duties as assigned Qualifications and Education Requirements:Bachelor's Degree in Business Administration or a related field, or the equivalent combination of education, training, and experienceExposure to preparing and reviewing RFPs, RFIs, SOWsExposure to strategic sourcing, category management, subcontracts management or procurementExposure in managing a formalized process of selecting, monitoring and evaluating vendors/vendor contractsEffective skill exercising initiative and using good judgment to make sound decisionsBasic skill resolving conflicting requests and meeting changing requirements managing multiple priorities independently and/or in a team environment to achieve goalsEffective communicating and presentations skillsEffective relationship building, negotiation and facilitation skillsEffective data analytics and manipulation skillsEffective skill maintaining accuracy with attention to detail and meeting deadlinesBasic skill at working with and communicating with all with all levels of employees and management within and outside the organizationExposure to collaborating across organizational boundaries and building partnerships across various functionsEffective skill using innovative thinking and data analysis to solve problems and facilitate the decisionmaking processEffective verbal and written communication skillsEffective database, word processing, spreadsheet, and presentation software skills Desired Qualifications and Education Requirements:3-5 years procurement, vendor management and/or risk management functionWorking knowledge of Navy Federal's functions, philosophy, operations and organizational objectivesProfessional Certification CPSM

Salary : $35 - $40