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For Companies At a Glance
- Tasks: Analyse spend data, conduct market research, and support 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.
The predicted salary is between 55000 - 60000 £ per year.
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 London employer: Page Personnel
Contact Detail:
Page Personnel Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PROCUREMENT SPECIALIST in 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 spend analysis techniques. This will show that you're genuinely interested and ready to contribute from day one!
✨Tip Number 3
Practice your negotiation skills! As a Procurement Specialist, you'll need to demonstrate your ability to engage with suppliers effectively. Role-play scenarios with friends or colleagues to build your confidence before the real deal.
✨Tip Number 4
Don't forget to apply through our website! We make it super easy for you to submit your application and showcase your skills. Plus, it helps us keep track of your progress and connect you with the right opportunities.
We think you need these skills to ace PROCUREMENT SPECIALIST in 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 Page Personnel
✨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 and extract actionable insights.
✨Market Insights Matter
Familiarise yourself with current market trends and supplier landscapes relevant to the financial services sector. Be prepared to discuss how you would conduct market analysis and what key insights you think are crucial for supplier selection. This shows your proactive approach and understanding of the industry.
✨Showcase Your Negotiation Skills
Negotiation is key in procurement. Think of a time when you successfully negotiated a contract or improved terms with a supplier. Be ready to share this story during your interview, highlighting your strategies and the outcomes. This will demonstrate your capability in stakeholder engagement and collaboration.
✨Be Process-Oriented
Since the procurement department is still developing, show your understanding of process improvement. Discuss any experience you have in creating templates or streamlining processes. This will illustrate your detail-oriented nature and your ability to contribute to the team's operational efficiency.
