Senior Procurement Analyst - Ridgeland, MS

BankPlus•Ridgeland, MS

About The Position

The Senior Procurement Analyst works with internal business lines and external procurement partners to plan and execute end-to-end competitive bidding processes, assist with category planning and spend analytics, and support implementation of the Source-to-Pay platform. The role collaborates with stakeholders including Vendor Management, Risk Management, and Finance to ensure a seamless procurement experience. It also supports the bank’s High-Performance Rewards Connections program, makes referrals to the Mortgage Center and Wealth Management, and maintains knowledge of relevant bank products, services, policies, procedures, and regulatory requirements.

Requirements

Bachelor’s degree in supply chain management, Business Administration, Finance, Economics, or a related field.
2–5 years of experience in strategic sourcing, category management, or procurement analytics.
Demonstrated understanding of competitive bidding (RFx) processes, negotiating commercial contract terms, and building spend analysis models.
Experience with Microsoft Office applications, including Excel, PowerPoint, and Word.
Basic understanding of enterprise architecture principles and security best practices.
Maintain knowledge of applicable regulatory issues, including the Bank Secrecy Act, Privacy Act, Fair Lending Act, and Regulation E.

Nice To Haves

Experience helping establish a centralized sourcing function or building category management frameworks from the ground up.
Broad experience with indirect spend categories typical to banking, such as Fintech, IT Hardware/Software, Office/Branch Operations, and Legal & Professional Services.
Relevant certifications such as CPSM (Certified Professional in Supply Management), CIPS, or PMP.

Responsibilities

Partner with business unit leaders across the bank to identify upcoming purchasing needs and build proactive sourcing pipelines.
Facilitate end-to-end competitive sourcing events, including RFIs, RFPs, and RFQs, covering vendor market research, proposal evaluation, financial modeling, and commercial negotiation.
Assist internal stakeholders with contract commercial terms, pricing structures, and Service Level Agreements during contract drafting and renewal.
Perform spend analysis across bank divisions to identify savings opportunities, tail-spend reduction, and supplier consolidation strategies.
Assist in developing and executing category strategies for key non-labor spend areas, such as Software/SaaS, Professional Services, Banking Equipment, and Print/Marketing.
Establish savings tracking methodologies and report key performance indicators and realized value to finance leadership.
Use and help optimize the Source-to-Pay platform to manage requisitions, bidding events, and contract repositories.
Train bank stakeholders on standard procurement request processes, catalog management, and purchase requisition workflows.
Partner with Vendor Management and Third-Party Risk Management teams to transition awarded contracts for vendor onboarding, risk classification, and ongoing performance monitoring.
Ensure sourcing activities comply with financial institution regulatory guidelines, delegation of authority limits, and internal compliance standards.
Perform other duties as assigned.
Participate in the bank’s High-Performance Rewards Connections program.
Make referrals to the Mortgage Center and Wealth Management.
Maintain knowledge of bank products, services, policies, procedures, and applicable regulatory issues; complete required compliance training and adhere to the bank’s standard of conduct.