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Procurement Specialist

2 months ago

Birmingham, United Kingdom Strategic Staffing Solutions Full time

Procurement, Procurement Specialist, Strategic Sourcing, Professional Services, Commercial Analysis, Spend, Expense Management, Vendor Negotiation, Support Team, Corporate Planning, Business Planning, Birmingham, Contract, On site.


I am looking for a Procurement Specialist to work for a World leading Investment Bank located in Birmingham for an initial 6 months contract.


You will be an experienced Procurement Specialist with strong skills in Procurement, Strategic Sourcing, Professional Services, Commercial Analysis, Spend, Expense Management, Vendor Negotiation, Support Team, Corporate Planning, Business Planning and Analytics.


This role will sit within Strategic Sourcing and the Corporate Planning & Management (CPM) division.


Key experience needed for this role is:


  • Procurement
  • Strategic Sourcing
  • Finance & Planning
  • Spend Management
  • Operational Risk and Resilience
  • Business Planning and Analytics
  • Expense Management
  • Third Party Risk Management
  • Governance Strategies
  • Product Finance


You will have an analytical mindset and exhibit intellectual curiosity, this role sits within the Spend Management pillar and will focus on strategic sourcing activity within the Professional Fees spend category. Professional Fees is a category within the Strategic Sourcing team that focuses on advisory consulting, staff augmentation, outsourcing and managed services spend across all divisions within the firm.


The role requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and ability to interact with senior professionals across the firm. It also entails in-depth analysis and reporting for senior management, requiring diligence and a commercial mindset. The candidate is required to work closely with global counterparts. Should have excellent verbal and written communication skills.


Job Responsibilities:


  • Engage in market benchmarking to influence consultant strategy, drive execution of the sourcing process and source the most suitable consulting vendor for each engagement in partnership with business stakeholders utilizing Source to Pay technology systems.
  • Deliver commercial excellence through project specific and category wide financial analytics, including analyzing of budgets and bid returns to identify cost saving opportunities and inform negotiation strategy.
  • Liaise with legal teams to draft and negotiate contract terms while ensuring appropriate contract structures, pricing models, vendor incentive models, service level agreements and performance indicators are applied consistently across vendors.
  • Track and report on executed contracts including spend and other trends of strategic vendors to understand impact across the firm.
  • Liaise across business and vendor stakeholders to identify and escalate vendor or client sensitivities, as well as identify commercial and relationship opportunities.
  • Engage with Risk Partners across the organization (e.g., compliance, technology, legal, finance, information security), as needed, to review control requirements and drive resolution of Strategic Sourcing issues
  • Support the Firm’s Vendor Diversity Program by seeking to incorporate small and diverse vendors into our supply chain.



Please note the role is based in the Birmingham office 5 days per week.


Pay is £600 - £650+ per day (DOE) and is inside IR35 / Umbrella.


Please send me your CV for an immediate review.