Job Description

Company DescriptionFastmarkets is an independent commodity pricing and information organisation with over 600 staff. We are fuelled by values that bring us all together and are united by a collective passion to make a difference. We are supported by a working model that is based on a hybrid approach that allows each of us to balance home and office working while encouraging effective collaboration and accountability.Fastmarkets is the most trusted Price Reporting Agency (PRA) in the metals, mining, agriculture, forest products, and energy transition markets. Our price data, forecasts, and market analyses give our customers strategic advantage in complex, volatile, often opaque markets. Our events provide forums for market participants to come together, trade, and talk through the critical issues of our times.We are making a difference. Fastmarkets works to create transparent commodity markets through our reliable and trusted price data and market intelligence. The markets we serve are central to how economies work and are essential for our lives. By doing this, Fastmarkets helps our customers build a more sustainable world. We are built on a 130-year foundation while bringing a digital platform to market, combining the currency of trust with the power of digital.Most importantly, we are fuelled by our teams that, across the globe, make the amazing possible. With a deep sense of purpose and belonging, we are building an extraordinary future - together. If you would like to help build the future, we hope you will join us on our journey.Fastmarkets is owned by global private equity firm Astorg, a specialist investor in healthcare, software, technology, business services and technology-based industrial companies.Procurement is a newly created function for Fastmarkets, following separation from a FTSE 250 PLC. This role will be crucial in developing the procurement and vendor assurance capability fit for Fastmarkets alongside providing analytical support for the team and undertaking tactical procurement activities (in the IT procurement space). Whilst this role is broad, it is critical to the success of the function going forward.KEY ACCOUNTABILITIESAnalyst

• Develop and maintain a method and tool for compliance to the Procurement Policy, and monitor and report regularly to the Head of Procurement.
• Monitor the general Procurement Mailbox, promptly answer and resolve any queries or ensure that any outstanding questions are allocated to the correct person to resolve.
• Support the business with any queries pertaining to the creation of purchase order requisitions, ensuring they correctly align to the spend categories and nominal ledger codes.
• Track and report for the function all savings achieved against agreed targets.
• Support the wider Procurement function in preparing documentation such as contract approvals and tender documents and other activities as required.
• Develop and maintain a set of \xe2\x80\x9cpreferred supplier lists\xe2\x80\x9d, monitor and measure effectiveness and conformance and report to the Head of Procurement any non-compliance for action.
• Maintain the Procurement Database on behalf of the Procurement function, create and produce reports as required.

IT Category Specialist

• Support the business with tactical opportunities within the IT Procurement categories ensuring any activity delivers value, specifically by:

• Developing optimum routes to market based on market developments and business requirements.
• Developing clear service specification documents that enable best service provision fit.
• Undertaking tactical sourcing negotiations and renewals to maximise value and innovation whilst minimising risk.
• Maintain good working relationships with suppliers and stakeholders across the business within the IT categories.
• Drive innovation and continuous improvement activities to deliver savings for the IT categories.

Vendor Assurance

• Onboard new vendors and undertake all due diligence as required by the Procurement function in accordance with the Procurement Policy and provide support to the business for any self-serve due diligence they are required to do, always ensuring there is appropriate auditory evidence created and stored.
• Maintain and create reports, as required of approved and non-approved suppliers, and always ensure compliance for use only of approved suppliers.

KEY INTERFACESThis role will work closely with the rest of the Procurement function but will also work across all other business functions as required, particularly Finance, Legal, Risk & Compliance and Information Security.This role is also expected to have direct relationships with suppliers (both potential and existing) pertaining to its Vendor Assurance and IT category activities.QualificationsWe recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world\'s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We\'re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully.If you are open-minded, curious, resilient, solutions-oriented and committed to promoting equality, then read on...KNOWLEDGE, EXPERIENCE AND SKILLSWe are looking for an individual who is highly motivated, driven, and have a passion to be part of a fast-paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly.Experience

• A good knowledge of commercial models and approach/techniques necessary to achieve great commercial outcomes.
• A track record with category management experience within the assigned IT portfolio.
• A good understanding of relationship management and networking skills and experience, required for both key stakeholder and supplier engagement.
• An ability to learn and develop a strong knowledge of the Procurement Policy and Playbooks to ensure the consistency in process and the best outcomes are delivered for Fastmarkets.

Skills and Knowledge

• Good relationship management and influencing skills to build strong working relationships with suppliers and stakeholders across the business.
• Good communication skills to be able to extract detail and evidence as required from colleagues and/or suppliers.

• Strong analytical skills being comfortable in analysing and interrogating data (however incomplete) and building up trend analysis and being able to create user-friendly reports for the Procurement team and the wider business.
• Basic understanding of procurement and vendor assurance (third party risk management) processes.
• Advanced level of PC literacy particularly in the Microsoft Office suite.
• A good knowledge of contract drafting with the ability to work with Legal colleagues to achieve a robust agreement.

Behaviours and Characteristics

• Enthusiastic, proactive and keen to work on own initiative as well as part of a team.
• Results, deadline and quality driven.
• Use own initiative to identify problems and deliver solutions.
• Confidence and desire to take responsibility for deliverables.
• Good attention to detail.
• Strong time management skills and the ability to meet and/or exceed deadlines.

If you\'re excited about the role but your experience, skills or qualifications don\'t perfectly align, we encourage you to apply anyway.Additional InformationOur ValuesFastmarkets people come from all different walks of life. It\'s this mix of brilliant personalities, experiences and insights that gives us that warm, open, and friendly culture you can feel as soon as you meet us. But however wonderfully different we all are, there are six things we all have in common - and they form our Fastmarkets values.Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they\'re embedded in everything we do. Our values are:

• METRICS DRIVEN. We use insights to improve our customers\' experience and our business performance

• ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done

• GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency

• INCLUSIVE. We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.

• CUSTOMER CENTRIC. We are customer-centric in all that we do

• COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

You\'ve read a little about us - now it\'s over to you!If you like what you\'ve read so far and think you can see yourself as a Fastmarkets person, it\'s time to fill in your application form. This form is an important part of the selection process: it\'s used to determine whether or not you\'ll be chosen to have an interview and acts as a basis for the questions we\'ll ask you on the day.It\'s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you\'re great.

Fastmarkets