Procurement Associate

Role Summary:

In your role as Procurement Associate, you will play a vital role in managing procurement processes for the CompassRock Real Estate portfolio. You will collaborate with vendors and internal stakeholders, and ensure timely and cost-effective acquisition of services, supplies and equipment. You will have strong data analysis skills, with the ability to analyse and derive insight from pricing structures and complex datasets.

Company Overview:

CompassRock provides asset and property management services to the rental housing sector. Originally founded in the U.S., the company has expanded to the UK and is rapidly growing its portfolio of Build-to-Rent (BTR) assets across England and Europe. Backed by private equity, CompassRock is in an exciting growth phase, actively acquiring and developing new assets at a fast pace. With an entrepreneurial and innovative culture embedded in its DNA, the company values the dynamic, forward-thinking individuals it employs. As CompassRock continues to expand, there will be abundant opportunities for career advancement and professional development.

Key responsibilities:

• Conduct supplier evaluation and selection, negotiations, and contracting.
• Ensure accuracy and completeness (e.g., procurement process, performance reporting).
• Prepare and control procurement and operational documents
• Track contracts and orders using company systems
• Enter purchase order or contract data into management information systems
• Create and review reports
• Maintain collaborative partnerships with suppliers
• Resolve procurement queries promptly
• Escalate emerging risks to necessary stakeholders
• Assist in developing automated procurement procedures
• Write policy documentation

Skills:

• Strong proficiency in Microsoft Office (particularly Excel.)
• Supplier Relationship Management: Effective communication with suppliers to ensure quality products at reasonable prices
• Organisation: Attention to detail and multitasking abilities are crucial for managing multiple projects
• Problem Solving: Analysing bids, budgets, and researching products to find solutions
• Attention to Detail: Precise execution of tasks, especially when handling large projects
• Contract Negotiation: Skill in agreeing to terms with suppliers
• Cost Analysis: Understanding cost implications and making informed decisions
• Project Management: Coordinating procurement projects efficiently
• Decision Making: Making informed choices based on company needs
• Communication: informing internal stakeholders of procurement decisions and (where necessary) training on new procurement practices. Preparing and presenting client-facing communications.

Experience:

• At least two years experience in a related field.
• Experience in Facilities Management is preferred.
• Experience in analysing and deriving business strategy insights from complex datasets.

Qualifications:

• Relevant degree (e.g., Bachelor’s or Associate Degree in Business , Engineering, etc.).
• Desired: familiarity with purchasing policies, inventory management, and procurement, compliance and property management software. (Meridian, RealPage, SafeContractor, Experian)

Remuneration / Bonuses / Benefits

Base salary: £35,000 to £45,000

Bonus: Discretionary Bonus Scheme

Benefits: Private health insurance; Nest Pension Scheme; Cycle to Work Scheme; Company Sick Pay; 25 days of annual leave

Working Hours:

5-day working week (40 hours) – Monday to Friday.

Location: Office-based (1day WFH).