Procurement Analyst (HYBRID - Richmond, VA)
Position Description
The Procurement role supports the Strategic Sourcing and Supplier Management team by delivering data-driven insights and reporting directly to strategic sourcing business partners and the Board of Directors. This position will focus on procurement analytics, including cost and price analysis, supplier financial due diligence, and market research to guide sourcing decisions. The analyst is responsible for maintaining procurement databases, ensuring data accuracy, and developing reports and presentations that translate complex information into actionable strategies. Strong financial analysis, presentation skills, and proficiency in data tools are essential for success in this role, along with the ability to communicate effectively across teams and senior leadership.
Position Accountabilities
• Develop and maintain procurement dashboards and reports that provide visibility into supplier performance, cost savings, and sourcing opportunities. Present findings to senior stakeholders and sourcing partners.
• Collaborate with business-line stakeholders and subject matter experts to understand their business needs and objectives.
• Extract data from multiple sources (e.g. AUB application systems, data stores, third party sources) in a technically efficient manner in preparation for reporting or analysis.
• Design and build management information solutions including ad hoc data and analysis requests, recurring management information reports, intermediate-complexity business intelligence dashboards and visualizations (using Power BI, Tableau, etc.), and intermediate-complexity analyses.
• Prepare original, descriptive, and diagnostic analyses and visualizations in response to observed business trends and stakeholder-identified areas of interest or concern. Communicate findings and recommendations to stakeholders in a clear and effective manner.
• Analysis of supplier bids/proposals to determine total cost of ownership.
• Performing industry research and analysis.
• Developing and maintaining detailed analysis for existing supplier spend.
• Development and tracking of key performance indicators for the team.
• Recommending sourcing/contracting opportunities.
• Performing SOX/SOC reviews to highlight key risks.
• Owning personal development to continually strengthen analytical skills.
• Cross-training of other team members in analytical tools and strategies.
Organizational Relationship
The position reports to the Director of Supply Chain Management.
Position Qualifications
Education & Experience
• Bachelor's degree in applied mathematics/statistics, data analytics, finance/economics, management information or equivalent work experience.
• Minimum 5 years' equivalent job-related experience with emphasis on analytics
• Minimum 2 years' experience working in the financial services sector preferred
• Experience working in a team-oriented, collaborative environment
Knowledge & Skills
• Passion and relentless drive to problem-solve for the business.
• Working knowledge of databases and the norms for data-management practices.
• Analytical, mathematical, evaluative and problem-solving skills, commensurate to those of a capable data analyst. Demonstrably intellectually curious.
• Ability to present analytical concepts, results, conclusions, and points of view in an easily understandable and logical manner; excellent communication skills that compel decision makers to take action.
• PC proficiency in Microsoft Office, including Excel (advanced skills), Word, Outlook, Project, PowerPoint
• Fundamental proficiency in common business intelligence tools (e.g. Tableau, Power BI, Cognos, Business Objects or similar).
• Fundamental proficiency in the use of Standard Query Language (SQL) or similar tools for data-informed business situations.
• Experience with forecast planning
• Highest ethical standards to ensure appropriate business relationships
• Ability to effectively prioritize and execute work with little direction
• Ability to work in an innovative/fast-paced environment
• Appreciation and respect for diversity of thought, people and practices
Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.
We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
