At a Glance
- Tasks: Manage supplier relationships and ensure procurement processes are followed in a regulated environment.
- Company: Leading organisation in the financial services sector with a commitment to diversity.
- Benefits: Highly competitive salary and a comprehensive benefits package.
- Other info: Equal opportunities employer welcoming diverse applicants.
- Why this job: Join a dynamic team and make a real impact on procurement governance.
- Qualifications: 3+ years in procurement or supplier management, strong analytical skills, and Excel proficiency.
The predicted salary is between 45000 - 55000 £ per year.
Our client, a leading organisation within the financial services sector, is seeking a Procurement Specialist to join its operations function. This is an excellent opportunity for an experienced procurement professional to support supplier onboarding, third-party risk management, contract administration, and procurement governance within a regulated environment. Working closely with stakeholders across the business, you will play a key role in ensuring supplier relationships are managed effectively, procurement processes are followed, and regulatory and policy requirements are met.
Essential Skills/Experience
- Minimum of 3 years' experience within procurement, supplier management, or contract management.
- Experience working within a regulated environment.
- Strong analytical and organisational skills, with a high level of attention to detail.
- Proficiency in Microsoft Excel.
- Strong communication and stakeholder management skills.
- Ability to work collaboratively while maintaining a risk-aware and governance-focused approach.
Core Responsibilities
- Support the day-to-day administration of the organisation's procurement systems and supplier records.
- Conduct supplier onboarding activities, including due diligence reviews and supplier risk assessments.
- Issue, monitor and follow up on supplier due diligence documentation.
- Maintain accurate contract and supplier data, including the central contract repository.
- Monitor contract renewal dates and support the management of renewal and review processes.
- Partner with internal stakeholders to provide guidance on procurement processes and governance requirements.
- Assist with management reporting, audit requests, and regulatory information gathering.
- Support supplier compliance activities, including ESG-related requirements and third-party risk management.
Benefits
- A highly competitive salary.
- Wider Benefits package.
Core-Asset Consulting is an equal opportunities recruiter, and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.
To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.
Procurement Specialist in Newcastle upon Tyne employer: Core-Asset Consulting Ltd
As a leading organisation in the financial services sector, our client offers a dynamic work environment that fosters collaboration and innovation. Employees benefit from a competitive salary and a comprehensive benefits package, alongside ample opportunities for professional growth and development within a regulated framework. The company values diversity and inclusion, ensuring that all team members feel supported and empowered to excel in their roles.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Specialist in Newcastle upon Tyne
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Core-Asset Consulting Ltd.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Procurement Specialist in Newcastle upon Tyne
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Core-Asset Consulting Ltd:Your cover letter should read like you’re chatting directly to Core-Asset Consulting Ltd. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Core-Asset Consulting Ltd.
How to prepare for a job interview at Core-Asset Consulting Ltd
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Core-Asset Consulting Ltd!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Core-Asset Consulting Ltd. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Core-Asset Consulting Ltd's culture.
