Purchasing Specialist managing procurement processes for a construction supply company. Involves creating purchase orders, processing invoices, and supporting national initiatives.
About the role
- Lead Buyer managing end-to-end procurement processes and supplier relationships at FINRA. Collaborating with internal stakeholders and legal teams to maximize procurement value and compliance.
Responsibilities
- Identifies and evaluates potential suppliers.
- Partner closely with internal business customers on assigned end-to-end RFx, selection, and procurement processes, ensuring business needs are understood and execute sourcing activities to meet their needs; oversee competitive bid process.
- Draft, review, and conduct negotiations to establish favorable contracts, and pricing terms and agreements with vendors to maximize value and minimize risk.
- Manages the full purchase cycle (requests for proposals to purchase orders), ensuring compliance with strict adherence to FINRA's procurement policies and applicable regulatory requirements, and budgetary constraints.
- Develop and maintain relationships with key suppliers to ensure quality, cost, delivery standards are met.
- Monitor and track contract lifecycle of suppliers, initiating timely, value-add activities in renewal, replacement, and terminations of contracts.
- Analyzes spending patterns and identify cost-saving opportunities within assigned business customers.
Requirements
- Bachelor's degree in business, finance, supply chain management, or related field, or equivalent combination of education and relevant experience.
- Minimum of seven (7) years of hands-on procurement or strategic sourcing experience, preferably in financial services or regulatory environments.
- Demonstrated experience executing end-to-end sourcing projects independently.
- Highly skilled in negotiation, contract management, and vendor relations.
- Proficiency with large ERP systems and integrated supplier and procurement business processes.
- Strong analytical, problem-solving, and project management abilities.
- Outstanding written and verbal communication skills.
- Professional procurement certification (CPSM, CPM, CPIM, or equivalent) preferred.
- Formal project management training or certification (PMP, CAPM, etc.) preferred.
Benefits
- Comprehensive health, dental, and vision insurance.
- Basic life and accidental death insurance.
- Short- and long-term disability coverage.
- Long-term care insurance.
- Business travel accident insurance.
- Legal insurance.
- 401(k) plan with company match.
- FINRA-funded retirement contribution.
- Tuition reimbursement.
- Commuter benefits.
- Generous time-off program of 15 days paid time off, 5 personal days, and 9 sick days.
- Two volunteer service days.
- Other paid leave including military, jury duty, bereavement leave, and childbirth/parental leave.
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