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For Companies At a Glance
- Tasks: Analyse data, manage suppliers, and support procurement activities daily.
- Company: Join CFC, a dynamic company passionate about innovation in insurance.
- Benefits: Enjoy a permanent full-time role with opportunities for growth and development.
- Why this job: Be part of a fun, collaborative culture that values your input and creativity.
- Qualifications: Strong analytical skills and experience in procurement processes are essential.
- Other info: Work in London and contribute to impactful cost-saving initiatives.
The predicted salary is between 28800 - 43200 £ per year.
Procurement Analyst
Department: Real Estate & Procurement
Employment Type: Permanent – Full Time
Location: UK – London
Reporting To: Dami Robson
Description
As a Procurement Analyst, you will support CFC\’s procurement and outsourcing initiatives by analysing data, managing supplier information, and assisting with procurement activities. You will collaborate with internal stakeholders and suppliers to optimize processes, support cost-saving initiatives, and ensure compliance with organizational standards. Your analytical skills and attention to detail will play a crucial role in driving efficiency, governance, and value across procurement operations.
About the role
The procurement analyst will be responsible for:
Data Analysis and Reporting
- Gather and analyse procurement data to identify cost-saving opportunities and trends.
- Produce and maintain detailed reports, dashboards and insights to support procurement strategies and decision-making.
- Maintain accurate and up-to-date records of supplier performance and procurement activities.
Support for Procurement Processes
- Assist in the preparation of Requests for Proposal (RFPs) and tender documentation.
- Support the evaluation of supplier bids and prepare comparative analysis.
- Collaborate with stakeholders to ensure timely and efficient procurement of goods and services.
Supplier Management
- Maintain supplier and contract databases and assist in supplier performance reviews.
- Support the implementation of KPIs for supplier performance and identify areas for improvement.
- Partner with the Procurement & Outsourcing Manager to develop strong relationships with key suppliers.
Compliance and Risk Mitigation
- Ensure procurement activities adhere to internal policies and regulatory requirements. Collaborate with teams such as Compliance, Legal, and IT to address risk factors.
- Support Supplier Due Diligence process for all new CFC suppliers
- Conduct periodic reviews to ensure process compliance and highlight areas for improvement.
Process Improvement
- Identify opportunities to optimise procurement processes and reduce costs.
- Assist in the ongoing improvement of procurement processes, templates and systems
- Contribute to the development and implementation of best practices across the procurement function.
About you
The suitable candidate will have strong analytical skills and attention to detail, while being proficient in data analysis and reporting tools. You will have experience of procurement processes and supplier management, as well as excellent verbal and written communication,
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
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Procurement Analyst employer: CFC
Contact Detail:
CFC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Analyst
✨Tip Number 1
Familiarise yourself with procurement data analysis tools like Excel or Tableau. Being able to demonstrate your proficiency in these tools during interviews can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the procurement field, especially those who work in real estate. Attend industry events or join relevant online forums to gain insights and make connections that could lead to job opportunities.
✨Tip Number 3
Stay updated on the latest trends and regulations in procurement and supplier management. This knowledge will not only help you in interviews but also show your commitment to the field.
✨Tip Number 4
Prepare to discuss specific examples of how you've identified cost-saving opportunities or improved processes in previous roles. Real-life examples can illustrate your analytical skills and problem-solving abilities effectively.
We think you need these skills to ace Procurement Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement and data analysis. Use specific examples that demonstrate your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for procurement and how your values align with those of the company. Mention specific experiences that showcase your ability to optimise processes and support cost-saving initiatives.
Highlight Relevant Skills: Clearly outline your proficiency in data analysis and reporting tools. Mention any experience you have with supplier management and compliance, as these are key aspects of the Procurement Analyst role.
Showcase Your Communication Skills: Since excellent verbal and written communication is essential, provide examples of how you've effectively collaborated with stakeholders or presented data insights in previous roles. This will demonstrate your fit for the position.
How to prepare for a job interview at CFC
✨Showcase Your Analytical Skills
As a Procurement Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis to identify cost-saving opportunities or improve processes in previous roles.
✨Familiarise Yourself with Procurement Processes
Make sure you understand the procurement lifecycle and be ready to talk about your experience with RFPs, supplier evaluations, and contract management. This will demonstrate your knowledge and readiness for the role.
✨Highlight Your Attention to Detail
Attention to detail is key in procurement. Prepare to provide examples of how your meticulous nature has helped you maintain accurate records or improve supplier performance in past positions.
✨Prepare Questions for Your Interviewers
Engage with your interviewers by preparing thoughtful questions about their procurement strategies, challenges they face, and how you can contribute to their goals. This shows your genuine interest in the role and the company.
