Procurement Analyst

The role

The Procurement Analyst will optimize sourcing, supplier management, and purchasing operations. This person will help establish a formal procurement function and implement new tools and processes.

What you will do

• Support the end-to-end procurement process, including sourcing, purchasing, and vendor negotiations.
• Collaborate with Finance, Legal, and IT teams to align processes with business needs and regulatory requirements.
• Help administer the procurement toolstack and build intuitive and automated workflows.
• Assist in vendor evaluation, selection, and contract negotiations.
• Maintain and update procurement records, purchase orders, and vendor contracts.
• Monitor vendor performance and track key procurement metrics.
• Ensure compliance with procurement policies, industry regulations, and risk management best practices.
• Analyze spending trends and procurement data to identify cost-saving opportunities.
• Support budgeting and forecasting by providing procurement insights and cost analyses.
• Assist in the development and implementation of procurement best practices and automation initiatives.

Required qualifications

• 2+ years of experience in procurement, vendor management, or financial analysis, ideally buying software, data, or cloud services.
• Hands-on experience managing SaaS renewals and licensing, including tracking renewal dates, right-sizing seats, and reconciling usage against contracted entitlements.
• Working knowledge of vendor security and risk review, including SOC 2 reports, security questionnaires, and third-party risk management.
• Core understanding of procurement principles, sourcing strategies, and contract negotiation, including common software terms.
• Proficiency in procurement and financial systems (Zip, NetSuite, Ironclad, or similar), including configuring approval workflows and intake processes.
• Excellent analytical and problem-solving skills.
• Strong communication and collaboration skills.
• Bachelor’s degree in Business, Finance, or a related field, or equivalent experience.

Nice to have

• Experience in a regulated environment such as fintech or financial services

About the company

Socure is building the identity trust infrastructure for the digital economy. The company verifies identities in real time to stop fraud.