Procurement Analyst (Buyer)

Procurement Analyst (Buyer)

Job Location: Plano, TX (Hybrid) Project Duration: 12+ months with possible extension Strategic Sourcing & Contracting

Develop and execute multi-year spend and category strategies

Lead sourcing initiatives (RFx events) ensuring competitive and compliant processes

Negotiate and execute contractual agreements including:

Master Service Agreements (MSAs)

Statements of Work (SOWs)

Amendments, renewals, extensions, NDAs

Support professional services procurement

Drive cost savings, rebates, volume discounts, and innovation opportunities

Conduct supplier market analysis and manage Tier I & Tier II supplier engagements

Partner with business units to build strategic procurement roadmaps

Ensure adherence to procurement policies and financial/regulatory standards

Interpret and document contractual requirements clearly for stakeholders

Support contract renewals, terminations, and compliance monitoring

Influence cross-functional stakeholders at all management levels

Build strong relationships with suppliers and business partners

Facilitate planning meetings and ensure proactive communication

Educate teams on sourcing best practices and negotiation strategies

Identify continuous improvement (Kaizen) opportunities

Qualifications (Must Have)

Bachelor's degree in Business, Supply Chain Management, or related field

5+ years of experience in:

Strategic sourcing

Contract development & negotiation

Contract management

Data analytics

Experience supporting professional services commodities

Strong understanding of financial and regulatory compliance standards

Advanced Microsoft Office skills (Excel, PowerPoint, Word, Outlook)

Strong analytical, negotiation, and problem-solving skills

Proven ability to influence across multiple management levels

Ability to work independently with high accuracy and efficiency

Preferred Qualifications

Financial services or banking industry experience

Knowledge of eMarketplace platforms and Ariba Spend Management