Procurement Analyst

Paymentology is the first truly global issuer-processor, giving banks and fintechs the technology, team and experience to rapidly issue and process Mastercard, Visa and UnionPay cards across more than 60 countries, at scale. Our advanced, multi-cloud platform, offering both shared and dedicated processing instances, vast global presence and richer, real-time data, set us apart as the leader in payments. The **Procurement Analyst i**s 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. **Requirements**: **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. What you get to do: **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 you can look forward to: At Paymentology we value making a difference to the lives of the people who work for us and who live in the communities where we operate. You can look forward to working with a diverse, global team where Paymentologists at all levels play an important part in our global mission to advance the world through payments and make a difference on a global scale. Travel: < 5%