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- Tasks: Analyse spend data, conduct market research, and lead sourcing projects.
- Company: Established financial services company focused on high-quality procurement.
- 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 experience required.
- Other info: Enjoy a hybrid work model and a supportive team environment in central London.
The predicted salary is between 47000 - 52000 £ per year.
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!
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.
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.
Job 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 employer: Michael Page
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PROCUREMENT SPECIALIST
✨Tip Number 1
Network like a pro! Reach out to your connections in the procurement field and let them know you're on the hunt for a new 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 wait for job alerts! Actively search for opportunities on our website and apply directly. Tailor your application to highlight your experience in sourcing and supplier management, making it clear why you’re the perfect fit for their team.
✨Tip Number 4
Follow up after interviews with a thank-you email. It’s a great way to reiterate your interest in the role and remind them of your key skills. Plus, it shows you’re proactive and genuinely excited about the opportunity!
We think you need these skills to ace PROCUREMENT SPECIALIST
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Procurement Specialist role. Highlight your analytical skills and any relevant procurement experience to catch our eye!
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 impactful!
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Use numbers and examples to demonstrate how you've optimised costs or improved processes in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Michael Page
✨Know Your Numbers
As a Procurement Specialist, you'll be dealing with data all the time. Brush up on your analytical skills and be ready to discuss how you've used data to drive cost optimisation in previous roles. Prepare some examples of spend analysis or reports you've created that led to actionable insights.
✨Market Insights Matter
Familiarise yourself with current market trends and supplier landscapes relevant to the financial services industry. Be prepared to share your thoughts on how these insights can influence procurement strategies. Showing that you’re proactive about understanding the market will impress your interviewers.
✨Showcase Your Collaboration Skills
This role requires strong stakeholder engagement, so think of examples where you've successfully collaborated across teams. Highlight your negotiation experiences and how you’ve built relationships with suppliers. This will demonstrate your ability to work effectively within a team and manage external partnerships.
✨Be Process-Oriented
Since the procurement department is still developing, show your understanding of process improvement. Discuss any templates or documentation you've created in past roles that streamlined operations. This will illustrate your attention to detail and organisational skills, which are crucial for this position.
