About this opportunity
Confidential lists this Procurement Specialist opportunity in chicago, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Leading proprietary trading firm is looking for a Procurement Specialist to help optimize the firm’s technology business strategy while enhancing operational excellence and driving continuous improvement efforts across the firm.
You will drive a wide variety of cost optimization projects, all while partnering with trading, accounting, development, and operations teams. If you are interested in utilizing and furthering your experience towards making a significant impact in both the business and technical sides of a proprietary trading firm while leveraging your procurement expertise, this role will provide that opportunity!
Responsibilities
Strategic Sourcing/Purchasing – Manage purchasing process workflow to ensure the right allocation methodology, while partnering with trading, development, and IT to understand upcoming requirements and business needs. Solicit best pricing and terms from vendors - including working with internal stakeholders to design scopes and understand potential costs/savings.
Asset Management – Monitor and ensure consistent inventory of assets while working with the service manager to build the right charge-back models with CFO/accounting team.
Process Development – Design and implement continuous updates to the procurement process in an effort to make the end-to-end process more efficient and mature. Find new opportunities to streamline and automate day-to-day processes.
Vendor Relationship Management – Build long-term relationships with key suppliers, including exchanges, market data providers, and 3rd party technology service providers. Conduct regular vendor performance reviews to identify areas to improve service and transparency with the highest spend vendors.
Contract and Pricing Review & Negotiation – Negotiate pricing on net-new contracts and renewals to ensure our firm continues to receive discounts competitive to the market.
Daily Procurement Operations – Oversee day-to-day purchasing - working with A/P, Legal, technical teams, and vendors to purchase routine hardware, software, and services in a standardized fashion. Track renewals of recurring spend to facilitate timely contract review and execution. Lead proactive communication with internal stakeholders with updates on expected timelines and progress of purchase requests.
Requirements
3-5 years of experience in procurement, operations, or finance; trading/industry knowledge a plus
A high aptitude for understanding the technical components we buy/rely on to support our trading and corporate infrastructure, along with high curiosity of how those purchasing decisions tie back to firm profitability
Strong communication, organizational, and analytical skills
Persistence required to relentlessly question issues at hand until you have identified the root problem
The ability to multitask and drive multiple projects simultaneously while operating in a fast-paced environment
Strong risk awareness and the ability to identify imminent risks to the business
Ability to identify and resolve operational inefficiencies not only in the procurement process, but in other tangential areas.
Proficiency with JIRA a plus
Basic programming and database experience a plus
Annual compensation range: $100 - 120K base + discretionary bonus
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance, Purchasing, and Supply Chain
Industries: Financial Services, Capital Markets, and Venture Capital and Private Equity Principals
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Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.