Procurement Analyst

$52,000 - $80,000/Yr

Paylocity - Schaumburg, IL

Full-time - Mid Level

Remote - Schaumburg, IL

Professional, Scientific, and Technical Services

About the position

The Procurement Analyst at Paylocity plays a crucial role in supporting the execution of indirect procurement business plans. This position involves collaborating with functional business owners, providing insights for policy creation, and driving procurement processes while maintaining the company's culture and supporting growth. The analyst will work in a tactical environment, utilizing data to achieve results, and will be responsible for managing procurement requests, supplier lifecycle support, contract management, and continuous improvement initiatives.

Responsibilities

• Proactively monitor, vet and assign Procurement pipeline requests, providing valuable insights in support of efficient and timely turnaround.
• Provide support throughout the supplier lifecycle through activities like identification, selection, onboarding and evaluation.
• Prepare consolidated overviews of supplier RFx proposals, assisting with scoring supplier responses and performing calculations on supplier cost and TCO models.
• Perform contract management and quality assurance responsibilities like monitoring contract signature/term sheet routing and administering vendor Non-Disclosure Agreements.
• Collect and analyze data on internal factors such as spend and internal business partner requirements.
• Provide day-to-day SME support to Procurement team members, evangelizing best practices, policy compliance, and process adherence.
• Establish effective communication channels with stakeholders and suppliers for applicable inquiries.
• Support identification of opportunities and actions for continuous improvement, latest trends, and tools through quantitative and qualitative analysis and research.
• Support ongoing communication, training, and system adoption for internal business partners and stakeholders, maintaining the highest standards of customer service and professional integrity.
• Maintain a high level of confidentiality regarding corporate information, procurement department, supplier information, and comply with corporate ethics policies.

Requirements

• Bachelor's degree in Supply Chain, Finance, Business, or related fields; other quantitative-focused majors may be considered or equivalent work experience.
• 3-5 years experience within a procurement, finance, data analytics, management consulting, or business intelligence/strategy team.
• Proficient level Excel user (advanced equations and functions, index-match, calculated fields in pivot tables, writing macros).
• Proficient in MS Word and PowerPoint.
• Ability to manage and update large datasets accurately from multiple inputs and track changes.
• Ability to summarize and interpret large volumes of data into management reports clearly, concisely, and visually.
• Experience in using procurement systems (P2P, S2C, SRM, CLM) preferably SAP Ariba; preferred.
• Demonstrates skills in problem solving, team building, and total quality management.
• Good organizational skills, including program/project management governance.
• Understand and effectively use procurement technology tools, including but not limited to, CLM and SharePoint.
• Effective interpersonal and communication (oral, written and listening) skills.
• Ability to prepare reports and present ideas clearly and concisely to all levels of the organization both orally and in written form.
• Exercises sound judgment and discretion in establishing and maintaining good working relationships with both internal and external stakeholders, partners, and colleagues.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• 401(k) matching
• Career development opportunities
• Annual bonus eligibility
• Restricted stock unit grant based on individual performance