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, assist with category planning, perform spend analytics, and support implementation of the Source-to-Pay platform. The role collaborates with stakeholders including Vendor Management, Risk Management, and Finance to provide a seamless procurement experience. The analyst supports sourcing and category strategies for non-labor spend, manages competitive sourcing events, analyzes spend and savings opportunities, and assists stakeholders with commercial contract terms, pricing structures, and service-level agreements. The role also helps optimize the Source-to-Pay platform, trains stakeholders on procurement processes, and coordinates with Vendor Management and Third-Party Risk Management on vendor onboarding and ongoing monitoring. The position requires compliance with financial-institution regulations, delegation-of-authority limits, and internal standards. The employee is expected to maintain knowledge of bank products, services, policies, procedures, and relevant regulatory matters; complete required compliance training; and adhere to the bank’s standards of conduct. Other duties include participating in the bank’s High-Performance Rewards Connections program and making referrals to the Mortgage Center and Wealth Management.

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.

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 develop proactive sourcing pipelines.
Facilitate end-to-end competitive sourcing events, including RFIs, RFPs, and RFQs, covering 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 renewals.
Analyze spend across bank divisions to identify savings opportunities, reduce tail spend, and consolidate suppliers.
Assist in developing and executing category strategies for key non-labor spend areas.
Establish savings-tracking methodologies and report KPIs and realized value to finance leadership.
Use and help optimize the Source-to-Pay platform for requisitions, bidding events, and contract repositories.
Train bank stakeholders on standard procurement request processes, catalog management, and purchase requisition workflows.
Coordinate with Vendor Management and Third-Party Risk Management teams on awarded-contract transitions, 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.
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 relevant regulatory issues; complete required compliance training and follow the bank’s standards of conduct.
Perform other duties as assigned.