Procurement Analyst

Position: Procurement Analyst

Location: New York City, NY

Duration: Long Term

Pay Rate: $43/Hr on W2

Summary of Position

Executes sourcing strategies in line with overall business objectives and supports category management methodologies. Utilizes demand management to assess and prioritize internal customer requisitions, typically of a mid to high-level complexity, primarily leveraging RFP go-to market strategies for an assigned portfolio of categories.

Responsible for contract creation, administration, and supplier management through contract lifecycle. Works collaboratively with Project Managers, Legal, Cybersecurity, Risk Management and other functions as necessary to

drive business value, cost savings, and efficiencies.

Dimensions of Position

This position is responsible for the execution of sourcing requisitions as assigned by the Procurement Director and is expected to process multiple active requisitions simultaneously, anticipating varying degrees of complexity and value. In addition, the role continues to own related executed contracts through to closeout and/or renewal.

Accountabilities

Sourcing:

• Reviews and processes requisitions of mid to high-level complexity, dollar amount, criticality and priority independently, using RFP or go-to-market strategies.
• Proactively seeks opportunities to consolidate business requirements to leverage spend and create opportunities to create value and cost savings.
• Utilizes demand management to control and track business unit requirements and internal purchasing operations and eliminate waste.
• Collaborates with Project Managers and internal stakeholders to validate Scope of Work content is appropriate and complete.
• Leads cross-functional meetings and collaboration activities across multiple stakeholders.
• Produces high quality award recommendations, summary documentation, or system
• reference information for each requisition, ensuring detailed spend information is available for future reference.
• Determines how each procurement can contribute to diversity goals.
• Drafts and distributes RFP documentation in accordance with applicable policies and procedures.
• Prepares Board approval paperwork for requisitions that exceed defined dollar thresholds.
• Drives the RFP process through to completion in a timely manner.
• Initiates advertising for requisitions that exceed defined dollar thresholds as required and identifies potential suppliers.
• Evaluates RFP responses, ensuring they are compliant with CLIENT policies, including pricing analysis.
• Manages award process, collaborating with Legal and our other business partners on contract execution.
• Coordinates distribution and collection of required government forms to awarded supplier.
• Secures relevant market intelligence leveraging program analysts as required to gain further insight on market trends.
• Non-RFP procurements, which include formal and informal solicitations of varying complexity, which may include utilizing existing contracts within the CLIENT or utilizing contracts such as the Office of the General Services (OGS), NYC Office of Technology and Innovation or generating solicitations.

Contract Management and Administration:

• Partners with stakeholders and legal teams to negotiate contracts in a timely manner, ensuring inclusion of appropriate commercial and operational terms.
• Develops recommendations for award based upon agreed upon criteria.
• Manages the full contract life cycle, including execution, change management, issue resolution, renewal, and close out.
• Monitors contracts on a routine and as-needed basis to confirm goods and services were delivered and priced as planned, ensures continued compliance to CLIENT standards,
• policies, and procedures.
• Identifies and resolves past-due POs, match exceptions, pricing and freight charge discrepancies.

Performance Indicators:

• Meets savings and value creation targets.
• Meets diversity spend targets for assigned scope.
• Meets agreed stakeholder requirements.
• Achieves high percentage of events planned versus executed.

Type and length of experience :

• BA/BS in Supply Chain Management, Procurement and Contract Management, or related field or equivalent combination of experience and education.
• Preferred 3 years satisfactory full-time sourcing and contract management experience.
• Supply chain management, RFP market strategies, informal and formal solicitations, contract writing, negotiations, and contract administration.
• Knowledge of procure-to-pay process and procurement-related policies, procedures, processes and risks, and ability to apply that understanding to daily work.
• Knowledge of ERP Purchasing applications and other procurement-related software.
• Good interpersonal and organization skills, strong attention to detail.
• Works in diverse, cross-functional teams with limited guidance.
• Solicits differing opinions to ensure understanding of complex issues and acts in a manner that builds and maintains trust.
• Solid judgment with ability to learn quickly and adapt to changing circumstances
• Works independently to meet deadlines.
• Strong analytical and problem solving skills.
• Proficiency in word processing, spreadsheet, and presentation software applications