At a Glance
- Tasks: Support procurement activities and analyse data to inform strategic decisions.
- Company: Join Pay.UK, a key player in the UK's retail payment systems.
- Benefits: Enjoy 30 days leave, a generous pension, and flexible working options.
- Other info: Be part of an inclusive team that values diverse perspectives.
- Why this job: Make a real impact on the UK's payment systems while developing your analytical skills.
- Qualifications: Experience in procurement analysis and strong data skills are essential.
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 evidenced 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. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.
Who we arePay.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.
Benefits & additional information- 12% Non-contributory pension
- 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 (eg. 2 days in the office over a 5 day working week)
Please note: Some of our benefits are only available to colleagues after meeting the requirements of the probationary period.
Procurement Analyst employer: Pay.UK
At Pay.UK, we pride ourselves on being an excellent employer that fosters a collaborative and inclusive work culture, where every team member's contributions are valued. As a Procurement Analyst, you will benefit from a generous 12% non-contributory pension, 30 days of annual leave, and opportunities for professional growth within a vital public interest organisation that underpins the UK's retail payment systems. Our commitment to employee well-being is reflected in our flexible working policy and additional perks such as a fitness subsidy and cycle-to-work scheme, making Pay.UK a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the procurement field, especially those at Pay.UK. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for your interviews by brushing up on your analytical skills. Be ready to discuss how you've used data and reporting in past roles. Show us you can turn numbers into actionable insights!
✨Tip Number 3
Don’t forget to showcase your understanding of procurement frameworks. We want to see how you’ve applied these in real-life situations, so have some examples ready to share during your chats with us.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you’re genuinely interested in being part of the Pay.UK team.
We think you need these skills to ace Procurement Analyst
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 to show us you’re the right fit!
Show Off Your Analytical Skills:Since this role is all about data and analysis, don’t shy away from showcasing your analytical prowess. Include examples of how you've used data to inform procurement decisions or improve processes in your previous roles.
Keep It Clear and Structured:When writing your application, aim for clarity and structure. Use bullet points where possible and make sure your reports or examples are easy to follow. We want to see that you can communicate complex information simply!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and helps us keep track of all applicants. Plus, it’s super easy!
How to prepare for a job interview at Pay.UK
✨Know Your Procurement Basics
Before the interview, brush up on key procurement frameworks and processes. Be ready to discuss your experience with spend analysis, supplier performance reviews, and contract renewals. This will show that you understand the core responsibilities of a Procurement Analyst.
✨Showcase Your Analytical Skills
Prepare examples of how you've used data to inform procurement decisions in the past. Whether it's through detailed reports or market analysis, be ready to explain how your analytical skills have contributed to successful outcomes in previous roles.
✨Understand Pay.UK's Role
Familiarise yourself with Pay.UK’s mission and the importance of their payment systems. Being able to articulate how your role as a Procurement Analyst fits into their objectives will demonstrate your genuine interest in the company and its impact on the UK economy.
✨Prepare Questions for Them
Think of insightful questions to ask during the interview. This could be about their procurement policies, team dynamics, or how they measure success in this role. Asking thoughtful questions shows that you're engaged and serious about the position.
