Procurement Analyst (HYBRID - Richmond, VA)

Company: Atlantic Union Bank
Location: Glen Allen
Posted on: May 7, 2025

Job Description:

DescriptionProcurement Analyst will provide analytical support for the Strategic Sourcing and Supplier Management team at Atlantic Union Bank. The role will focus on cost/price analysis, financial due diligence on suppliers, industry research, Sarbanes-Oxley Act reviews and other analysis needed to support the strategic objectives of our business units. This individual will be a key resource for the team, ensuring that the team has the information needed to make sound supply chain decisions for the Bank. He or she will be responsible for conducting analysis on a wide-ranging group of activities.
Position Accountabilities

• 
  
• Providing the analytical horsepower on key procurement initiatives related to Contingent Workers
  
• Conducting data collection efforts and complex baseline building from unstructured data
  
• Assisting in analyzing supplier bids/proposals and conducting advanced analyses to determine total cost of ownership
  
• Preparing and assessing potential sourcing scenario models
  
• Performing financial due-diligence and third party background checks on suppliers
  
• Performing industry research and analysis
  
• Developing and maintaining detail spend analysis for existing supplier spend
  
• Developing and track key performance measures for the team
  
• Recommending sourcing/contracting opportunities
  
• Performing SOX/SOC reviews to highlight key risks
  
• Owning personal development to continually strengthen analytical skills
  
• Training others on analytical tips and tactics
  
  Organizational Relationship
  The position reports to the Director of Contingent Worker Program.
  Position Qualifications
  Education & Experience
  
  • 
    
  • Bachelor's degree in math, finance, business, supply chain or equivalent military experience
    
  • Minimum 5 years' equivalent job-related experience with emphasis on analytics
    
  • Experience working in a team-oriented, collaborative environment
    
  • Preferred: MBA or Master's Degree
    
  • Preferred: 7 years' equivalent job-related experience (e.g. staffing, back office, vendor management or recruiting)
    
    Knowledge & Skills
    
    • 
      
    • Vendor management or applicant tracking experience
      
    • Passion and relentless drive to problem-solve for the business
      
    • Exceptional analytical skills needed to assess the market place and perform cost/benefit analyses
      
    • Ability to synthesize unstructured data into logical groups
      
    • PC proficiency in Microsoft Office, including: Excel (advanced skills), Word, Outlook, Project, PowerPoint and other programs like SQL
      
    • Systematically use data analysis and statistical methods
      
    • Experience with forecast planning
      
    • Subject matter expert in analytical techniques
      
    • Ability to interpret data
      
    • Ability to present data in a concise/easy to consume manner
      
    • Report generation skills
      
    • 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
      
    • Communication skills that compel decision makers to take action
      
    • 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 .
      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 notice from the Department of Labor.

Keywords: Atlantic Union Bank, Hampton , Procurement Analyst (HYBRID - Richmond, VA), Professions , Glen Allen, Virginia