Procurement Analyst – India

Section 1: Position Summary

As a key member of the Procurement Vendor Strategy Department, the Procurement Analyst plays a central role in driving procurement excellence, contract lifecycle visibility, and strategic sourcing support. This position is responsible for tracking supplier agreements, supporting RFx activities, conducting commercial analyses, and collaborating across departments to ensure alignment with business needs, procurement policy, and value generation objectives.

This individual will support all phases of the procurement lifecycle—from intake and supplier evaluations to renewals, spend optimization, and cost savings initiatives. The Procurement Analyst will also maintain trackers, dashboards, and documentation to enable transparency, audit readiness, and proactive contract management.

Section 2: Job Functions, Essential Duties and Responsibilities

Sourcing & Procurement Operations

• Support sourcing efforts, including RFPs, RFQs, and market benchmarking.
• Conduct commercial evaluations and side-by-side supplier comparisons to aid in selection and negotiation.
• Maintain a master contract tracker with accurate data on end dates, renewal windows, and active sourcing events.
• Support contract intake coordination, ensure accurate documentation routing, and liaise with Legal on commercial terms and redlines.
• Partner with business units to understand supplier performance concerns and renewal objectives.

Contract Lifecycle Management

• Monitor and proactively alert business units of upcoming contract renewals or renegotiation opportunities.
• Assist in preparing contract summaries and supplier performance snapshots to support strategic decision-making.
• Help drive supplier consolidation opportunities by analyzing contract overlaps and spend patterns across departments.
• Collaborate with stakeholders to ensure that executed agreements reflect approved terms, savings, and value commitments.

Spend Analysis & Reporting

• Analyze supplier spend across categories to identify cost savings, sourcing opportunities, and performance outliers.
• Develop procurement reports and dashboards using Excel and PowerPoint to visualize trends and KPIs.
• Assist with tracking cost avoidance/savings metrics and maintain a procurement savings log aligned with team goals.

Cross-Functional Collaboration

• Act as the point of contact for procurement-related data requests, vendor onboarding documentation, and sourcing support.
• Coordinate with Legal, IT, Risk, Finance, and other stakeholders to gather inputs required for procurement approvals and contract execution.
• Support audit and compliance reviews by ensuring procurement documentation is complete, accurate, and accessible.

Process & Policy Support

• Assist in the rollout of procurement policies, vendor intake forms, and sourcing guidelines.
• Draft and maintain standard operating procedures (SOPs) related to procurement workflows and sourcing processes.
• Participate in procurement platform improvement initiatives (e.g., CLM system enhancements, sourcing tool upgrades).

Project Management Initiatives

• Assist with various departmental projects including platform changes to process improvement initiatives
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• At Ascensus we are guided by our Core Values of People Matter, Quality First and Integrity Always®. They inspire us every day to prioritize an environment of respect for those we serve and one another and should be visible in your actions on a day-to-day.

Supervision

• NA

Section 3: Experience, Skills, Knowledge Requirements

• Minimum of 2 to 3 of relevant experience in procurement, sourcing, or supply chain analysis, preferably in a corporate or financial services environment.
• Demonstrated experience supporting RFx events, contract renewals, or vendor selection activities.
• Strong commercial acumen and the ability to analyze contract terms, pricing models, and supplier performance.
• Proficiency in Excel (vlookups, pivot tables, dashboards), PowerPoint, and Visio.
• Familiarity with contract lifecycle management (CLM) tools and/or ERP systems is a plus.
• Strong communication skills with the ability to coordinate across multiple departments and interact with external suppliers.
• Detail-oriented with strong organizational, problem-solving, and time management abilities.
• Ability to work independently, manage multiple tasks simultaneously, and drive tasks to completion.
• Self-starter with a proactive mindset and an interest in continuous process improvement.
• Self-motivated, proactive, and energetic team player
• Ability to respond to routine multi-tasking as well as complex, unplanned issues while adhering to aggressive deadlines for multiple initiatives.
• Proven ability to proactively and independently research issues, gather evidence, and successfully work with various groups throughout the organization.
• Exceptional oral, written, and presentation skills with a demonstrated ability to communicate effectively across all functional areas and levels of seniority.
• Ability to proactively identify areas for process improvement, and to turn recommendations into actions
• Strong analytical, problem solving, and organizational skills
• Ability to manage multiple tasks/deadlines with limited supervision
• Detail-oriented, PC proficient, flexible, committed to quality

For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual workspace and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.

We are proud to be an Equal Opportunity Employer

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