Sourcing Analyst (Procurement Analyst)

Position:Sourcing Analyst(Procurement Analyst)

Location:Atlanta, GA.

JD:

Minimum Education: Bachelor's degree in Business Administration or a related discipline OR an equivalent combination of experience and education.
Minimum Experience: One year of job-related experience.
Required Knowledge, Skills, & Abilities: Organizational and analytical skills. Research and presentation skills. Verbal and written communication skills. Proficiency using Microsoft office software products.

Job Summary:
Provides operational and functional support to the strategic sourcing team including data gathering and analysis, benchmarking and research, and contract modification. Utilizes and maintains the Synovus sourcing system. Generates reports, performing spend analyses and providing data summaries for sourcing team and management.
 
Job Duties and Responsibilities:
Provides operational support to the sourcing team in the areas of vendor sourcing and management, RFI and RFP development, contract administration, spend analysis, and reporting.
Interprets spend data including monthly, quarterly, and annual purchasing activity and expense statements. Assists in the preparation of reports and presentations to management summarizing the organization's purchasing data.
Assists in the development and installation of systems, controls and procedures for sourcing, spend analysis, and vendor/contract management.
Performs detailed financial analyses of key performance areas such as category spend, compliance and supports the development of sourcing strategies.
Assists in the preparation of special studies, reports, analyses and recommendations in areas such as financial planning and forecasting as well as statistical reporting for the sourcing team and management.
Participates in meetings with other organizations, within or outside the company, to resolve issues, implement new methods, procedures or controls.
Assists with the development of sourcing processes, tools and templates. Recommends systems and processes improvements to increase contract effectiveness. Maintains knowledge of industry trends and best practices.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.