Headquarters: London
URL: https://paymentology.com

The Procurement Analyst is responsible for supporting procurement and finance teams in negotiating contracts and enhancing Paymentology s purchasing processes. This role plays a key part in improving Paymentology s commercial position and financial performance by identifying cost-saving opportunities, ensuring compliance with internal and external procurement policies, and implementing structured purchasing procedures.

Contract Negotiation and Procurement Management:

• Assist in the negotiation of new contracts and contract renewals, ensuring optimal commercial terms for Paymentology.
• Identify cost-saving opportunities by analysing procurement data and monitoring expenditure.
• Maintain accurate and up-to-date records of supplier agreements, procurement activities, and savings opportunities.

Financial and Data Analysis:

• Monitor and analyse procurement data to track expenditure trends and highlight efficiency opportunities.
• Develop dashboards to visualise spend, assess supplier performance, and identify key cost-reduction strategies.

Compliance and Vendor Onboarding:

• Work closely with legal, compliance, and cybersecurity teams to onboard vendors in accordance with Paymentology s internal policies, PCI regulations, and client requirements.
• Ensure that all procurement processes align with regulatory standards and risk management protocols.

Cross-Functional Collaboration:

• Collaborate with internal stakeholders to proactively manage purchases and secure the best commercial deals.
• Support the rollout and continuous improvement of procurement processes, including the implementation of a third-party risk management system and purchase order process within the current ERP system.
• Outcome: A structured, data-driven procurement process that enhances financial performance, mitigates risk, and ensures Paymentology secures the best value in supplier agreements.

What it takes to succeed:

• Strong analytical skills with the ability to interpret and compare complex, multi-layered commercial proposals.
• Excellent interpersonal skills, with the ability to engage and influence internal and external stakeholders.
• Proficiency in Microsoft Office, particularly Excel, for procurement data analysis and reporting.
• High attention to detail, with the ability to manage multiple concurrent tasks in a fast-paced environment.
• Experience in technology procurement, particularly in SaaS-based agreements.
• Understanding of legal contract review and negotiation.
• Familiarity with ERP systems is preferred.

Years of Experience

• 2 3 years of experience in a procurement or commercial-based role.
• Proven track record of contract negotiation, supplier management, and cost-saving initiatives.
• Experience in technology and SaaS procurement is highly desirable.