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The Procurement Specialist will participate in procurement activities such as defining the need for goods and services, negotiating price contracts and authorizing payment for goods and services in coordination with the Corporate Services team.
The overall objective of this role is to acquire goods and services requested by company personnel in support of the company's business.
Responsibilities:- Participate in sourcing process for various products and services within the sourcing team
- Facilitate sourcing process and assist cross-functional team in developing and executing sourcing strategies, supplier management strategies, and contract negotiations including drafting and red-lining contracts
- Monitor all aspects of sourcing and contract processes including strategy, negotiation and contract execution as well as assist in supplier negotiations, and financial analysis/modeling while ensuring licensing usage is aligned with license agreements
- Respond to customer service inquiries, clarify requirements, and provide information as needed
- Utilize Citi tools and processes to research supplier and commodity information as well as work with suppliers to measure and track performance and reporting/reconciliation requirements
- Report and record procurement transactions including sourcing request forms, sourcing strategy, savings, contracts, and approved suppliers
- Participate and assist in the development, management, and analysis of request for proposals and/or eAuctions
- Meet reporting requirements and audit guidelines ensuring adherence to Citi processes and procedures as well as draft and check the accuracy of reports for the team in support of the senior managers
