At a Glance
- Tasks: Support procurement activities and analyse data to inform strategic decisions.
- Company: Join Pay.UK, a leader in UK retail payment systems.
- Benefits: Enjoy 30 days annual leave, fitness subsidies, and flexible working options.
- Other info: Inclusive workplace committed to diversity and accessibility.
- Why this job: Make a real impact on the UK's payment systems while developing your analytical skills.
- Qualifications: Early to mid-level procurement experience and strong analytical skills required.
The predicted salary is between 35000 - 45000 € per year.
We are looking for a Procurement Analyst to join Pay.UK on a 12 month fixed term basis, supporting the delivery of clear, well evidence procurement activity across our organisation. This role suits someone with early to mid level procurement experience who wants to deepen their analytical practice while working on contracts and services that underpin the UK’s retail payment systems.
You will work closely with our Head of Commercial Deals and the wider Procurement team, using data, reporting and market research to inform procurement approaches, renewals and decisions. You will see your analysis used in live sourcing activity, contract renewals and internal guidance, giving you practical exposure to end to end procurement processes within a regulated, public interest environment.
Accountabilities- Prepare spend analysis, KPI reporting and procurement insight to support strategic and operational procurement decisions.
- Support contract renewals by analysing supplier performance, pricing and contractual terms in line with Pay.UK procurement and TPRM policies.
- Participate in procurement due diligence, including reviewing supplier financial health and identifying value and risk considerations.
- Maintain and update procurement documentation such as NDAs, RFx packs and framework agreements.
- Support the refinement of procurement policies, processes and internal controls using evidence from current activity.
- Own and deliver assigned business as usual procurement tasks from the procurement pipeline, such as running low value sourcing activity, tracking milestones, and keeping records up to date, while checking in regularly with the Procurement team to agree priorities and next steps.
- Advise internal teams on how to run Tier 4 procurement in line with established policies.
- Prepare detailed spend analyses and KPI reports by extracting data from procurement systems, categorising spend by supplier and service, and summarising trends that inform sourcing strategies and day to day procurement decisions.
- Use our procurement systems, data tools and approved AI features to build and improve regular reports, automate repeat tasks where appropriate, and share practical suggestions that help the directorate work more clearly and efficiently.
- Analyse supplier performance, pricing models and contract terms ahead of renewals, and document clear recommendations that align with Pay.UK procurement and third party risk management policies.
- Review supplier financial statements, credit reports and market information as part of due diligence, and record identified value opportunities and risks in standard assessment templates.
- Create, update and organise procurement documents such as NDAs, RFx packs and framework agreements, ensuring versions are accurate, complete and ready for internal and supplier use.
- Practical experience applying procurement frameworks and processes, such as spend analysis, supplier performance review, contract renewal support, and RFx or framework documentation, gained through direct experience in a procurement analyst or procurement consultancy role.
- Experience analysing supplier, contract and spend data to support procurement decisions.
- Experience supporting IT or technology related procurement, including market analysis and requirements assessment.
- Ability to produce clear, structured reports that present analysis for non technical stakeholders.
- Experience analysing spend, supplier and contract data to inform procurement decisions, including renewals and sourcing activity.
- Ability to prepare clear, structured reports that explain analysis, risks and value considerations to non technical stakeholders.
- Listen to Find Win-Wins - Empathy, Listening and Understanding
- Influence with Courage - Lead, conviction
- Go Horizontal First - Cross Boundary Collaboration
- Take Ownership - Self Development
- Opportunity Mindset - Initiative
- Simplify - Achievement Orientation
At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees.
Who we are: Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis. From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.
Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2024, the UK's retail payment systems processed 11 billion transactions worth over £10 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 9 million switches since its launch in 2013.
Every day, individuals and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering robust payment infrastructure and standards for the benefit of consumers and businesses nationwide.
30 days annual leave (excluding bank holidays)
Employee assistance programme
Cycle to Work Scheme
Season ticket loan
Annual fitness subsidy of up to £500 per annum
Working from home policy – minimum 40% in the office (e.g. 2 days in the office over a 5 day working week)
Pay.UK is committed to making our recruitment practices barrier‑free and as accessible as possible. Please let us know if you would like any reasonable adjustments during the application, interview, or assessment process, or if you would like information in an alternative format.
Procurement Analyst London employer: Pay.UK Limited
At Pay.UK, we pride ourselves on being an excellent employer that fosters a collaborative and inclusive work culture. Our Procurement Analyst role offers meaningful opportunities for professional growth within a dynamic team, where your analytical skills will directly impact the UK's retail payment systems. With generous benefits such as 30 days annual leave, a fitness subsidy, and a flexible working policy, we ensure our employees thrive both personally and professionally in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Analyst London
✨Tip Number 1
Network like a pro! Reach out to people in the procurement field on LinkedIn or at industry events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching Pay.UK and understanding their procurement processes. Show us you’re keen by discussing how your skills can directly contribute to their goals.
✨Tip Number 3
Practice your analytical skills! Use real-world data to create reports or analyses. This will not only boost your confidence but also give you solid examples to discuss during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team.
We think you need these skills to ace Procurement Analyst London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Procurement Analyst role. Highlight your relevant experience in procurement frameworks, spend analysis, and supplier performance review. We want to see how your skills align with what we're looking for!
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, be sure to include examples of how you've used data to inform decisions in past roles. We love seeing clear, structured reports that present your findings, so don’t hold back!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use simple language to explain your experience and avoid jargon. Remember, we want to understand your skills without getting lost in complex terms!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role right there!
How to prepare for a job interview at Pay.UK Limited
✨Know Your Procurement Basics
Before the interview, brush up on your understanding of procurement frameworks and processes. Be ready to discuss your experience with spend analysis, supplier performance reviews, and contract renewals. This will show that you’re not just familiar with the terms but can apply them practically.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities by discussing specific examples where you've used data to inform procurement decisions. Bring along any reports or analyses you've created in the past, as this will help you illustrate your point and give the interviewer confidence in your skills.
✨Understand Pay.UK's Role
Familiarise yourself with Pay.UK’s mission and the importance of their work in the UK retail payment systems. Being able to articulate how your role as a Procurement Analyst fits into their objectives will show your genuine interest in the position and the company.
✨Prepare Questions That Matter
Think of insightful questions to ask during the interview. Inquire about the team dynamics, the challenges they face in procurement, or how they measure success in this role. This not only shows your enthusiasm but also helps you gauge if the company culture aligns with your values.
