Procurement Analyst

New York ISO•Rensselaer, NY

4d•$64,900 - $108,500•Hybrid

About The Position

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on over 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state. The NYISO’s Procurement Department is seeking a full-time Procurement Analyst to join a team focused on improving efficiency through streamlining and automating existing processes. This role involves significant cross-functional interaction with business owners, focusing on procurement activities such as developing and executing sourcing strategies, reviewing and updating contract documentation, defining business requirements for purchased goods and services, and negotiating contract terms with vendors. The Procurement Analyst will also collaborate with business owners and peers to execute change management and continuous improvement initiatives in a dynamic environment.

Requirements

Bachelor's Degree in Business, Accounting, Economics, or a related field.
Three to five years of corporate Procurement experience, including developing and collaborating on sourcing strategies and developing and processing RFPs, RFQs, and creating SOWs.
Working knowledge of Microsoft Excel, Word, and PowerPoint.
Strong attention to detail and accuracy.
Excellent organizational skills and the ability to manage multiple tasks efficiently.
Strong written and verbal communication skills.
Ability to work independently and as part of a team.
Ability to read and interpret documents such as contracts, operating instructions, and procedure manuals.
Ability to write routine reports and correspondence.
Ability to speak effectively before groups of market participants or employees.
Ability to apply concepts of basic algebra and calculate figures such as discounts, interest, commissions, proportions, and percentages.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Intermediate proficiency in Microsoft Word (e.g., navigating the interface, using formatting tools, and working with advanced features like styles, tables, and images).
Microsoft Excel reporting and data analysis skills.

Nice To Haves

Training in negotiation strategies.
Knowledge of power transmission and the utilities industries.
Knowledge of Oracle Financials and Workday Strategic Sourcing.

Responsibilities

Collaborate with departmental representatives to develop sourcing, contracting, and procurement strategies with guidance from the Manager, Procurement.
Process purchase orders within Oracle Financials and distribute them to requesting departmental management and vendors.
Assist Senior Procurement Analysts in training NYISO employees on procurement policies, processes, practices, and procedures.
Follow up on Purchase Order Requests (POR) approvals from applicable NYISO management as needed.
Utilize Workday Strategic Sourcing to ensure proper workflow milestones are completed for each engagement.
Perform Vendor Management for existing and potential vendors for procurement activities like RFPs, RFIs, and RFQs.
Collaborate with Business Owners and Legal to create, update, and maintain RFPs, Master Agreements, Vendor Service Agreements, Statements of Work (SOW), Amendments, and other contract documents.
Negotiate contract terms, insurance terms, price, discounts, payment terms, and related items with vendors, collaborating with NYISO Legal staff, departmental representatives, and management.
Ensure vendor compliance with NYISO tariff requirements and Procurement policies.
Monitor vendor certificates of insurance for compliance with contractual insurance levels.
Create Procurement usage reports, trend analyses, and vendor summary reports through data collection and analysis, and present them to internal management and committees.
Conduct periodic meetings with department management to review procurement forecasts, sourcing strategies, trends, and other procurement event activities.
Maintain records of all procurement documents, including POs, Master Agreements, SOWs, and RFP/RFI/RFQs, according to records retention schedules.