Procurement Officer

Procurement Officer

Requirements

• BA/BS Degree in Finance, Business or equivalent work experience
• Minimum of 7 years experience working in a developed Procurement and Finance Department
• At least 4 years experience supporting Corporate Expense Management and Vendor Management activities
• Demonstrates a solid track record of significant and meaningful financial analysis / delivery
• Demonstrates a solid track record of maximizing vendor investment and elimination of vendor redundancies supporting measurable cost optimization including cost reductions
• Experience with Word Processing, Spreadsheets (Excel preferred), Accounting software, E-mail, and Database software (Oracle and ServiceNow preferred)
• Communicates effectively both orally and in writing; presents ideas in a clear, concise, understandable, and organized manner
• Demonstrates ability to interface and present in a professional manner to both internal Senior Leadership as well as external Executives.

Responsibilities

• Formulates reasonable business optimization plans subsequent to analysis and identification of addressable spend and secures buy-in from RM’s and Key Stakeholders to deliver planned activities
• Delivers robust analysis for contracts and subcontracts with all relevant flow downs which enable IDBNY to execute strong vendor agreements both financially and contractually
• Audits contracts, requisitions and purchase orders, and prepares data reports to substantiate individual transactions prior to settlement
• Assists in the modification, documentation, and coordination related to roll out and updates of Procurement systems and Procurement management control procedures
• Provides Procurement best practices guidance to the Relationship Managers and Key Stakeholders in the formulation and execution of sourcing strategies and supporting business cases which effectively reduce IDBNY’s operating costs
• Leads and mentors’ others within IDBNY to ensure that innovation and continuous improvement is delivered in the areas of expense management and supplier relationship management
• Through a series of processes including data analytics, delivers financial targets and executes significant cost reduction strategies while maintaining and improving service for IDBNY
• Supports the various departmental team members in managing supplier relationships that deliver improved efficiency and value-added capability through cultivating an environment of ideas generation and innovation from the incumbent supply base
• Provides data driven guidance across IDBNY to ensures the appropriate supply risk and audit activities are conducted and adhered to by all departments
• Delivers appropriate performance data and metrics for senior management reports
• Supports the Head of Procurement in the development of the vision, objectives and strategies for the Procurement function and communicates them to Internal Stakeholders
• Leads regular procurement training initiatives across all of IDBNY to ensure clear expectations, understanding and compliance of IDBNY procurement & expense management procedures.

Preferred Qualifications

No preferred qualifications provided.