Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Analyse spend data, conduct market research, and lead sourcing projects.
- Company: Established financial services firm focused on high-quality procurement operations.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Join a growing procurement team and make a real impact in the financial sector.
- Qualifications: Degree in Business or Procurement and 3+ years of relevant experience.
- Other info: Hybrid working model with a supportive and collaborative environment in London.
The predicted salary is between 47000 - 52000 £ per year.
Procurement Specialist – Permanent opportunity within the Financial Services sector.
About Our Client
This organisation operates within the Financial Services industry and is a well-established company. It is recognised for its focus on delivering high-quality services and maintaining robust procurement operations. Their procurement department is currently in its infancy, offering an exciting opportunity to join the organisation and make your mark!
Job Description
Responsibilities of this position:
- Spend Analysis & Reporting
- Analyse spend and procurement performance metrics to identify opportunities for cost optimisation
- Maintain cost models, market indices, and spend analytics datasets
- Produce regular and ad-hoc reports on service performance and purchasing trends across the organisation
- Market & Supplier Insights
- Conduct market analysis to inform supplier selection and category strategy
- Gather, maintain, and publish key market insights and benchmarking data
- Follow up with suppliers/sub-contractors on requested quotes and support responses as required
- Sourcing & Procurement Support
- Lead mid-value sourcing projects and RFx processes under the guidance of the Category Manager
- Support the development of templates for quote responses to streamline quote analysis
- Identify and assist with improvement initiatives across categories and spend
- Process & Administrative Support
- Assist in developing and maintaining category templates and process documentation
- Undertake related administrative duties to ensure effective team operations
The Successful Applicant
A successful Procurement Specialist should have:
- Key Skills & Competencies
- Strong analytical and problem-solving skills, with experience interpreting large data sets to extract actionable procurement insights
- Knowledge of procurement and sourcing principles, strategies, and supplier management
- Proficient in negotiation, stakeholder engagement, and collaboration across teams
- Experience using Source-to-Pay systems, procurement analytics tools, and Microsoft Office (Excel, Word, PowerPoint, BI)
- Skilled in data analysis, report writing, and applying quantitative and qualitative methodologies
- Detail-oriented with excellent organizational and communication abilities
- Qualifications & Experience
- Degree in Business, Procurement, or related field
- 3+ years of professional procurement experience
What's on Offer
- Competitive salary ranging from £55,000 to £60,000 per annum, dependant on experience.
- Comprehensive benefits package.
- Permanent role within a reputable organisation in the Financial services industry.
- Opportunities for professional development and growth.
- Hybrid working with three days a week required on-site in central London.
- Collaborative and supportive work environment in London.
If you are a Procurement Specialist looking to advance your career in the healthcare industry, this is an excellent opportunity for you. Apply now to join a thriving organisation in London!
PROCUREMENT SPECIALIST in City of London employer: Michael Page (UK)
Contact Detail:
Michael Page (UK) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PROCUREMENT SPECIALIST in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector and let them know you're on the hunt for a Procurement Specialist role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its procurement processes. Familiarise yourself with their market insights and be ready to discuss how your analytical skills can help optimise their spend. Show them you mean business!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you, and tailor your approach to each opportunity. Quality over quantity, folks!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company.
We think you need these skills to ace PROCUREMENT SPECIALIST in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Procurement Specialist role. Highlight your experience in procurement, data analysis, and any relevant tools you've used. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about procurement and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Show Off Your Analytical Skills: Since this role involves a lot of data analysis, make sure to showcase your analytical skills in your application. Mention specific projects where you've interpreted data to drive decisions. We’re all about those actionable insights!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get the best experience. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Michael Page (UK)
✨Know Your Numbers
As a Procurement Specialist, you'll be dealing with data analysis and spend metrics. Brush up on your analytical skills and be ready to discuss how you've used data to drive procurement decisions in the past. Prepare specific examples that showcase your ability to interpret large datasets.
✨Market Insights Matter
Familiarise yourself with current market trends and supplier insights relevant to the financial services sector. Be prepared to discuss how you would approach market analysis and supplier selection. Showing that you understand the market landscape will impress your interviewers.
✨Showcase Your Negotiation Skills
Negotiation is key in procurement. Think of a time when you successfully negotiated a deal or resolved a conflict with a supplier. Be ready to share this story, highlighting your strategies and the outcomes. This will demonstrate your proficiency in stakeholder engagement.
✨Be Organised and Detail-Oriented
The role requires excellent organisational skills and attention to detail. Bring along examples of how you've maintained process documentation or developed templates in previous roles. Discussing your methods for staying organised will show that you're a good fit for their growing procurement department.
