Procurement Analyst II

Company: Lendmark Financial Services, Inc.
Location: Covington
Posted on: November 12, 2021

Job Description:

At Lendmark Financial Services, we believe the success of our company is specifically attributable to the quality of our employees and their commitment to our customers. We value each customer and understand that people want to do business with people who care. That's one way we differ from our competitors. We are proud of what we as a team have accomplished. We will always strive for improvement, our motto since day one has been "Success is the only option."GENERAL SUMMARY:The Procurement Analyst II serves as the liaison between the line of business and the Procurement Department. The Procurement Analyst II role will primarily evaluate and analyze potential vendor contracts and prepare monthly spend reports.MAJOR DUTIES/RESPONSIBILITIES:* Reviews new vendor requests and reassigns tasks.* Tracks and monitors the department's inbox, dashboard, Key Performance Indicators (KPI) Board for expired documents as well as other applicable reports - adds comments and update status.* Creates and monitors category spend and identifies variances and provides analysis reports to Procurement Manager.* Tracks and monitors contract renewals, terminations, and vendor compliance.* Maintains all contractual agreements and reviews vendor compliance.* Provides support to various departments and ensures compliance with all Procurement policies and procedures and prepares reports.* Acts as liaison between Procurement, Vendor Risk, the Finance Department, vendors and internal customers.* Assists with managing and approving of new vendor request including review of documentation.* Maintains Procurement prospects, sourcing and contracts database.* Assists with composing and tracking of Request for Information (RFI) and Request for Proposal (RFP) to submit to prospective vendors.* Assists with the review of the negotiation of contract terms, KPI, and Service Level Agreements (SLA)* Reviews and redlines Statements of Work (SOW), Master Services Agreements (MSA) and other agreements to identify potential issues.* Maintains Procurement prospects, sourcing and contracts database.* Assists in Procurement Department with other duties as assigned.BASIC REQUIREMENTS:* Bachelor's degree or equivalent education/experience or three years of equivalent experience.* Two or more years related work experience in procurement, strategic sourcing or vendor management preferred.* Basic understanding of accounting principles.* Effective written and verbal communication skills.* Ability to translate raw data into usable information.* Ability to demonstrate an understanding of business processes.* Ability to work with minimum supervision and strong work ethic.* Proficient with MS Office Suite, particularly Excel and Word.* Familiarity with Outlook, Access, and PowerPoint.* Detail oriented, analytical, organized, and objective.PREFERRED/DESIRED QUALIFICATIONS:* 3+ years' experience in the Consumer Finance industryWORKING CONDITIONS:* Primarily located in office environmentIf you are interested in a fast paced, high growth, team oriented and great culture environment, you'll enjoy a career with us!

Keywords: Lendmark Financial Services, Inc., Covington , Procurement Analyst II, Professions , Covington, Kentucky