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Process Analyst -Procurement I

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American Express

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Logistics
    Business, Operations & Strategy

AI generated summary

  • You must have a bachelor's degree, preferably in law, and 2-4 years of experience in a financial organization, ideally in procurement and supplier contract management.
  • You will manage sourcing engagements, negotiate contracts, build stakeholder relationships, drive supplier governance, and oversee team performance to optimize procurement strategies and outcomes.

Requirements

  • Minimum Qualifications
  • Bachelor’s Degree
  • Preferred Qualifications
  • A degree in law will be a strong plus.
  • Experience
  • 2-4 years of work experience in a reputed financial organization
  • Preferred:
  • Prior experience in procurement specifically related to supplier contract management

Responsibilities

  • Independently manage Contract and Sourcing Delivery engagements including delivering the most effective strategy for achieving maximum value for the business through the contracting and sourcing processes as guided by the American Express Policy for Third Party Management (AEMP10) and established processes within SS&BE.
  • Build and maintain stakeholder relationships with the American Express businesses, across peer groups, stakeholders including GCO, TLM, Tax, Compliance, and Insurance in multiple markets, as well as function as a first point of contact for third party is during contract negotiations and Sourcing events.
  • Build and leverage knowledge as well as experience of third parties, industries, and service categories to identify opportunities that can add value (performance improvement, demand generation, process reengineering, cost reduction, revenue drivers) to American Express businesses. Create and present compelling business case for change (when needed) to leaders.
  • Lead Sourcing Events and own the project end to end for American Express business using including but not limited to defining requirements, development SOW, supplier sourcing, RFx events, communication plan, change plan etc. Function as primary point of contact for overall Sourcing project and work across stakeholders to ensure timely delivery and effective communication exchange.
  • Lead effective supplier negotiations (including but not limited to commercial and contractual) to drive value and competitive advantage for our business partners. Partner with AXP SME groups to assess and identify contractual risks and drive negotiation to achieve favorable terms for American Express.
  • Support strong supplier governance by properly identifying supplier risk for each engagement, guide American Express Business Unit on Third Party Life Cycle Management (TLM) program and work closely with TLM the complete the program requirements.
  • Function as consultant / partner to American Express business units for Sourcing to Contract related activities across commodities/services and provide solution on related matters often with no precedent.
  • Identify and drive results cross functionally, cross business units and across the Blue Box that have a major impact on American Express’ revenue and profitability.
  • Lead by example to motivate team members and provide team guidance in supplier/market analysis, utilizing unique procurement practices/tools to capitalize on business opportunities.
  • Own the inventory of reporting team member and ensure performance and quality review.
  • Drive team’s performance on key performance metrics and ensure regular update on assigned intake to the team.
  • People management and development of reporting team members.
  • Ensures policy and contract compliance in all strategic sourcing projects.
  • Partner with Procurement Operations team and US Category and Sourcing Managers in procurement activities, transactions and in managing customer requests and issues.
  • Partner with cross geographical commodity teams and country teams in the planning, analyzing, sourcing and implementation process.
  • Engage relevant subject matter experts during the contract negotiation process and work to resolve gaps / deviations requested by Supplier.
  • Ensure update to business stakeholders and SmartBuy on regular basis on each assigned intake.
  • Support reporting requirements effectively capturing value creation and B2B wins in the respective tools and strong follow through to complete those wins.

FAQs

What is the role of a Process Analyst in Procurement at American Express?

The Process Analyst in Procurement is responsible for managing Contract and Sourcing Delivery engagements, building stakeholder relationships, leading sourcing events, negotiating with suppliers, and providing strategic consultation to drive value and cost savings for the business.

What qualifications are required for this position?

A Bachelor’s Degree is required. A degree in law is considered a strong plus.

What is the experience requirement for this role?

Candidates should have 2-4 years of work experience in a reputed financial organization. Prior experience in procurement specifically related to supplier contract management is preferred.

Is there a focus on employee development in this role?

Yes, the role includes people management and development of reporting team members, as well as access to career development and training opportunities.

What benefits does American Express provide for this position?

Benefits include competitive base salaries, bonus incentives, comprehensive medical, dental, and vision insurance, flexible working arrangements, generous paid parental leave policies, wellness center access, and counseling support through the Healthy Minds program.

How does American Express promote diversity and inclusion?

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other protected status.

What are the key responsibilities of this role?

Responsibilities include managing sourcing projects end-to-end, leading supplier negotiations, identifying opportunities for value addition, supporting supplier governance, and ensuring policy compliance in strategic sourcing projects.

What is the importance of the Global Supply Management team at American Express?

The Global Supply Management team is crucial for maximizing the purchasing power of over $7 billion in third-party spend, providing strategic sourcing consultation, and ensuring effective supplier management to drive business growth.

Will I be required to lead projects in this role?

Yes, you will lead sourcing events and projects, defining requirements, developing statements of work (SOW), and ensuring effective communication across stakeholders.

How important is stakeholder engagement in this role?

Stakeholder engagement is highly important, as the role requires building and maintaining relationships with various teams and stakeholders across American Express during contract negotiations and sourcing events.

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American Express

Finance
Industry
10,001+
Employees
1850
Founded Year

Mission & Purpose

At American Express, we know that with the right backing, people and businesses have the power to progress in incredible ways. Whether we’re supporting our customers’ financial confidence to move ahead, taking commerce to new heights, or encouraging people to explore the world, our colleagues are constantly striving to uphold our powerful backing promise to our customers and each other every day. These beliefs have been our North Star for 170 years as our business transformed – from helping evacuate travelers during World Wars, to ensuring the safety of our customers’ funds during the Great Depression in the U.S., to creating the Shop Small® movement to help small businesses recover from the Financial Crisis, to providing aid to communities impacted by many natural disasters and so much more. For generations, the key to our success has been the determination and resilience of our American Express colleagues. Now, as a globally integrated payments company, we work together to provide customers with access to products, insights and world-class experiences that enrich lives and build business success. Join us and let’s lead the way together.

Culture & Values

  • We Back Our Customers

    Relationships are at the heart of our business. We strive to be essential to our customers by delivering exceptional products, services and experiences every day – and promise to have their backs in everything we do.

  • We Make It Great

    We deliver an unparalleled standard of excellence in everything we do, staying focused on the biggest opportunities to be meaningful to our customers. From our innovative products to our world-class customer service, our customers expect the best—and our teams are proud to deliver it.

  • We Do What’s Right

    Customers choose us because they trust our brand and people. We earn that trust by ensuring everything we do is reliable, consistent, and with the highest level of integrity.

  • We Respect People

    We trust and respect one another for who we are and what we contribute. We are accountable to one another and empower every voice through open, courageous dialogue so others feel heard.

  • We Embrace Diversity

    We see diversity of people and experiences as fuel for the creativity and innovation we need to be and deliver our best.

  • We Stand for Inclusion

    We all have biases. However, we do not tolerate bias that excludes or minimizes anyone – all people belong. We’re committed to ensuring that we have a welcoming and inclusive culture where everyone’s voice matters and where people of all races, ethnicities, genders, gender identities, sexual orientations, ages, religions, disabilities and viewpoints can thrive.

  • We Win As a Team

    We view each other as colleagues—part of the same team, striving to deliver the brand promise to our customers and each other every day. Individual performance is essential and valued, but never at the expense of the team.

  • We Support Our Communities

    We respect our communities and are committed to working together so they can thrive and make a meaningful difference in the world.