Octus
Octus is a leading global provider of credit intelligence, data, and analytics. Since 2013, tens of thousands of professionals across hedge fund, investment banking, management consulting, and law firm verticals have come to rely on Octus to make better, faster, and more confident decisions in pace with the fast-moving credit markets.
For more information, visit: https://octus.com/
Working at Octus
Octus hires growth-minded innovators and trailblazers across the globe to drive our business and culture. Our core values – Action Oriented, Customer First Mindset, Effective Team Players, and Driven to Excel – define an organizational ethos that’s as high-performing as it is human. Among other perks, Octus employees enjoy competitive health benefits, matched 401k and pension plans, PTO, generous parental leave, gym subsidies, educational reimbursements for career development, recognition programs, pet-friendly offices (US only), and much more.
Role
The Procurement Specialist is responsible for sourcing, purchasing, and managing the acquisition of goods and services for Octus Intelligence, Inc. This role ensures cost-effective procurement, maintains strong supplier relationships, and optimizes the procurement process to support the company's operational needs. The ideal candidate is a detail-oriented professional with strong negotiation skills and a thorough understanding of procurement best practices. Experience with Coupa, Productiv and Ironclad is preferable. This role will be office based Monday - Friday.
Responsibilities:
- Sourcing and Supplier Management:
- Identify and evaluate potential suppliers based on quality, price, and delivery timelines.
- Develop and maintain relationships with key suppliers, negotiating contracts and ensuring compliance.
- Conduct market research to identify new suppliers and stay updated on industry trends.
- Manage supplier performance and address any issues or discrepancies.
- Procurement Process:
- Process purchase requisitions, purchase orders, and other procurement documents accurately and efficiently.
- Assist with the contract review process.
- Ensure timely delivery of goods and services, tracking orders and resolving any delays.
- Maintain accurate procurement records and documentation.
- Implement and improve procurement policies and procedures.
- Work with Coupa to ensure the accuracy of procurement data.
- Compliance and Risk Management:
- Ensure compliance with all relevant regulations and company policies.
- Identify and mitigate procurement risks.
- Maintain ethical procurement practices and adhere to the company’s code of conduct.
- Assist with audits as needed.
- Collaboration and Communication:
- Collaborate with internal departments to understand their procurement needs.
- Communicate effectively with suppliers and internal stakeholders.
- Provide regular reports on procurement activities and performance.
- Work with inventory control and logistics to ensure proper flow of materials.
Requirements:
- Bachelor's degree in Business Administration, or a related field (or equivalent experience).
- 3 - 5 years of experience in procurement or purchasing.
- Strong negotiation and contract management skills.
- Excellent communication and interpersonal skills.
- Proficiency in procurement software and ERP systems such as Coupa.
- Strong analytical and problem-solving skills.
- Knowledge of procurement best practices and industry standards.
- Detail-oriented and organized.
- Ability to work independently and as part of a team.
- Experience working in Financial Services sector
At Octus, we consider a range of factors in connection with compensation decisions, including experience, skills, location, and our business needs and limitations. As a result, compensation may vary within and across similar roles and positions. Please note that the salary range information below is a good faith estimate for this position and actual compensation for any individual may fall outside this range if warranted by the circumstances applicable to that individual. If we identify a role that would be suitable for a broader range of skills and experience such that we would consider hiring at multiple levels then the range listed below may reflect that breadth.
The salary range estimate for this position is $60,000 - $70,000
The actual compensation will be at Octus’ sole discretion and will be determined by the aforementioned and other relevant factors. This position is eligible for an additional annual discretionary bonus.
Equal Employment Opportunity
Octus is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, pregnancy, veteran status, or any other legally protected status. We strive to create an inclusive and diverse work environment where all individuals are valued, respected, and treated fairly. We believe that diversity enriches our workplace and enhances our ability to innovate and succeed.
Top Skills
What We Do
Octus, formerly Reorg, was founded in 2013 with a simple conviction: credit decisions deserve clarity, not chaos. Markets were fragmented. Intelligence was gated. Data lived in silos. Professionals were forced to stitch together incomplete pictures while the clock kept running. We built Octus to change that.
Octus is the essential credit platform that tracks the entire credit lifecycle. From origination and underwriting to secondary trading, refinancing, distress and restructuring, we follow every development across leveraged loans, high-yield bonds, private credit and special situations. We structure millions of documents, surface risks, benchmark performance and deliver expert reporting and analysis in real time.
What began as a newsroom fused with legal and financial expertise has evolved into a unified ecosystem. Octus brings together proprietary data, expert-driven intelligence and integrated workflow tools so credit professionals can analyze situations, uncover opportunities, manage portfolios, execute trades and stay compliant without ever leaving the platform. Insight and action finally live in one place.
Today, nearly 40,000 professionals across the world’s leading banks, asset managers, CLO managers, law firms and advisors rely on Octus to move smarter and faster. They turn to us for breadth, depth and rigor forged over more than a decade, and for the speed, integration and precision that define the future of credit workflow.
Our mission is direct and ambitious: end fragmentation, collapse the distance between intelligence and execution, and transform insight into impact. Because in credit, clarity isn’t just an advantage. It’s everything.
Octus: Where credit becomes clear.
Why Work With Us
Octus is where real experts work together to cut through chaos and build clarity in credit. You feel your impact here. What you create shapes real decisions in the market. The problems matter. The people are sharp. If you want work that counts, this is the place.
Gallery
Octus Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Reorg has adopted a hybrid working policy. For non-remote employees located within a reasonable commuting distance to one of our offices, the requirement is to work from the office at least 2 days per week.
