Procurement Analyst
Procurement Analyst
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Job Description
Paymentology is the first truly global issuer-processor giving banks and fintechs the technology team and experience to rapidly issue and process Mastercard Visa and UnionPay cards across more than 60 countries at scale.
Our advanced multi-cloud platform offering both shared and dedicated processing instances vast global presence and richer real-time data set us apart as the leader in payments.
The Procurement Analyst is responsible for supporting procurement and finance teams in negotiating contracts and enhancing Paymentology s purchasing processes. This role plays a key part in improving Paymentology s commercial position and financial performance by identifying cost-saving opportunities ensuring compliance with internal and external procurement policies and implementing structured purchasing procedures.
What you get to do::
Contract Negotiation and Procurement Management:
- Assist in the negotiation of new contracts and contract renewals ensuring optimal commercial terms for Paymentology.
- Identify cost-saving opportunities by analysing procurement data and monitoring expenditure.
- Maintain accurate and up-to-date records of supplier agreements procurement activities and savings opportunities.
Financial and Data Analysis:
- Monitor and analyse procurement data to track expenditure trends and highlight efficiency opportunities.
- Develop dashboards to visualise spend assess supplier performance and identify key cost-reduction strategies.
Compliance and Vendor Onboarding:
- Work closely with legal compliance and cybersecurity teams to onboard vendors in accordance with Paymentology s internal policies PCI regulations and client requirements.
- Ensure that all procurement processes align with regulatory standards and risk management protocols.
Cross-Functional Collaboration:
- Collaborate with internal stakeholders to proactively manage purchases and secure the best commercial deals.
- Support the rollout and continuous improvement of procurement processes including the implementation of a third-party risk management system and purchase order process within the current ERP system.
- Outcome: A structured data-driven procurement process that enhances financial performance mitigates risk and ensures Paymentology secures the best value in supplier agreements.
What you can look forward to::
At Paymentology we value making a difference to the lives of the people who work for us and who live in the communities where we operate. You can look forward to working with a diverse global team where Paymentologists at all levels play an important part in our global mission to advance the world through payments and make a difference on a global scale.
Travel:
< 5%
Requirements :
What it takes to succeed:
- Strong analytical skills with the ability to interpret and compare complex multi-layered commercial proposals.
- Excellent interpersonal skills with the ability to engage and influence internal and external stakeholders.
- Proficiency in Microsoft Office particularly Excel for procurement data analysis and reporting.
- High attention to detail with the ability to manage multiple concurrent tasks in a fast-paced environment.
- Experience in technology procurement particularly in SaaS-based agreements.
- Understanding of legal contract review and negotiation.
- Familiarity with ERP systems is preferred.
Years of Experience
- 5 years of experience in a procurement or commercial-based role.
- Proven track record of contract negotiation supplier management and cost-saving initiatives.
- Experience in technology and SaaS procurement is highly desirable.
Remote Work :
Yes
Employment Type :
Independent Contractor
Employment Type
Remote
