Procurement Coordinator & Analyst

Responsible for coordinating and analyzing procurement needs bank-wide, including monitoring inventory levels, processing purchase orders, and maintaining strong vendor relationships. This role is responsible for analyzing procurement and financial data, reviewing invoices, and preparing budget reports to help the bank achieve cost efficiency and operational excellence. This position handles the daily procurement functions and purchasing needs of the bank, while delivering an exceptionally high-level client experience.
Procurement Operations

Coordinate and process purchase orders in compliance with internal procurement policies and procedures, including pricing comparisons.
Manage supply requests, monitor inventory levels, and ensure accurate and timely replenishment.
Partner with vendors to maintain strong relationships, resolve issues, and comply with terms of agreements.
Financial Analysis & Reporting

Review invoices for accuracy, compliance, and proper coding.
Assist in the annual procurement budget projections.
Prepare management reports, dashboards, and ad hoc analyses on procurement activity. (e.g., Budget Variance, Month-End, Monthly Usage, Cost-Savings, etc.).
Data & Processing Management

Maintain accurate procurement records, vendor databases, and purchase order documentation. (e.g. annual physical inventory atall locations).
Utilize Excel (pivot tables, lookups, data analysis tools) to interpret and summarize large data sets.
Identify opportunities for process improvements and recommend enhancements to procurement workflows.
Compliance & Risk Management

Ensure compliance with procurement policies, regulatory requirements, and service-level agreements (SLAs).
Work under tight deadlines while balancing multiple priorities and maintaining high attention to detail.
Assist on special projects and other duties as assigned
Bachelor's degree in business administration, Finance, Supply Chain Management, or related field (preferred but not required).
Minimum 3 years of experience in Procurement or other equivalent areas, preferably within banking or similarly regulated industry.
Exceptional communication and interpersonal skills to collaborate effectively with internal and external clients and vendors.
Strong attention to detail and accuracy.
Strong business judgment with advanced analytical, problem-solving, and critical thinking abilities.
Experience with procurement systems, invoice processing, and vendor management.
Expertise in cost analysis, pricing models, budget variance, and financial modeling.
Proficient in Microsoft Office Suite. Advanced Excel skills (e.g., pivot tables, VLOOKUP, cross-referencing, charting).
Strong organizational skills with the ability to work independently and meet deadlines without reminders
Strong negotiation skills with the ability to optimize pricing, contract terms, and service commitments while balancing organizational objectives, risk considerations, and vendor relationships.

J-18808-Ljbffr