The Role
The Procurement Analyst supports procurement initiatives through data analysis, supplier management, compliance checks, and process improvements, enhancing efficiency and cost savings.
Summary Generated by Built In
As a Procurement Analyst, you will support CFC's procurement and outsourcing initiatives by analysing data, managing supplier information, and assisting with procurement activities. You will collaborate with internal stakeholders and suppliers to optimize processes, support cost-saving initiatives, and ensure compliance with organizational standards. Your analytical skills and attention to detail will play a crucial role in driving efficiency, governance, and value across procurement operations.
About the role
The procurement analyst will be responsible for:
Data Analysis and Reporting
Data Analysis and Reporting
- Gather and analyse procurement data to identify cost-saving opportunities and trends.
- Produce and maintain detailed reports, dashboards and insights to support procurement strategies and decision-making.
- Proactively identify and implement opportunities to automate procurement reporting and workflows to reduce manual effort and improve efficiency.
- Maintain accurate and up-to-date records of supplier performance and procurement activities.
Support for Procurement Processes
- Assist in the preparation of Requests for Proposal (RFPs) and tender documentation.
- Support the evaluation of supplier bids and prepare comparative analysis.
- Collaborate with stakeholders to ensure timely and efficient procurement of goods and services.
Supplier Management
- Maintain supplier and contract databases and assist in supplier performance reviews.
- Support the implementation of KPIs for supplier performance and identify areas for improvement.
- Partner with the Procurement & Outsourcing Manager to develop strong relationships with key suppliers.
Compliance and Risk Mitigation
- Ensure procurement activities adhere to internal policies and regulatory requirements. Collaborate with teams such as Compliance, Legal, and IT to address risk factors.
- Support Supplier Due Diligence process for all new CFC suppliers
- Conduct periodic reviews to ensure process compliance and highlight areas for improvement.
Process Improvement
- Identify opportunities to optimise procurement processes and reduce costs.
- Assist in the ongoing improvement of procurement processes, templates and systems
- Contribute to the development and implementation of best practices across the procurement function.
About you
The suitable candidate will have strong analytical skills and attention to detail, while being proficient in data analysis and reporting tools. You will have experience of procurement processes and supplier management, as well as excellent verbal and written communication,
Core Values
Love what you do:
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
Challenge everything:
We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to makes things better.
Have fun, be good:
Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.
About
CFC is a specialist insurance provider, pioneering emerging risk and market leader in cyber. Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today's most critical business risk.Headquartered in London with offices in New York, Melbourne, Sydney, Austin, Madrid, Brussels and Brisbane, CFC has over 1100 staff and is trusted by more than 100,000 businesses across 90 countries.At CFC, insurance isn't just about underwriting. From data science to software development, and digital marketing design, we've got something for everyone. We're passionate about pushing boundaries, thinking differently and building the insurance company of the future.CFC is committed to the principles of equal opportunities and creating an environment in which all individuals are always treated with dignity and respect. We encourage a diverse corporate culture of openness and appreciation to create an environment in which your talent can be developed in the best possible way. Should you require any reasonable adjustments at any stage of the recruitment process please let us know.
Skills Required
- Strong analytical skills and attention to detail
- Experience in procurement processes
- Experience in supplier management
- Excellent verbal and written communication skills
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The Company
What We Do
CFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber. Their global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today’s most critical business risks.
