Procurement Analyst

Description

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 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.

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.

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 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.