Procure-to-Pay Analyst

at  CoStar Group

Procure-to-Pay Analyst
Job Description

BASIC QUALIFICATIONS:

• Bachelor’s degree from an accredited, not for profit University or College required.
• A track record of commitment to prior employers.
• 5+ years of indirect or direct spend experience with exposure to various categories and multiple buying platforms
• 2+ years of ERP system experience, with Oracle Fusion preferred.
• 2+ years of knowledge about procure to pay principles, process and price/cost analysis methodology, and relevant legal terms and methodologies.
• 2+ years of negotiation skills or education and good experience in supplier management.
• Proven relationship-building and problem-solving skills, with a strong attention to detail, and ability to set priorities.
• Strongly proficient in Microsoft Office, Syndicated Media Research tools, and presentation software

PREFERRED QUALIFICATIONS AND SKILLS:

• Strong customer care focus
• Work well with a team and independently.
• Ability to work across multiple departments and spend categories
• Experience with one of the following indirect spend categories preferred: technology, marketing, facilities, and construction.

ROLE DESCRIPTION:

At CoStar Group, we have consolidated traditional Procurement and Accounts Payable strategic and operational activities into a single Procure-to-Pay (P2P) organization to support an integrated, end-to-end process workflow. Consolidating these related Procurement and A/P functions into a single team will allow us to improve efficiency and accuracy and build stronger relationships with our suppliers.
We are currently seeking a Procure-to-Pay Analyst to join our team in our Washington, DC headquarters. The Procure-to-Pay Analyst will work with P2P leadership to develop the company’s global sourcing strategy and expand our supplier base. The Procure-to-Pay Analyst will support all procurement activities for assigned categories and punch-out catalog content. The Procure-to-Pay Analyst will maintain accuracy in CoStar’s Oracle Cloud ERP system and is expected to drive improvements and efficiencies in the procure-to-pay processes.

RESPONSIBILITIES:

• Qualify vendors, evaluate bids, and negotiate prices and terms for purchased goods and services.
• Support and lead sourcing process alongside legal and internal stakeholders: identify local/global supply needs, initiate and manage all RFX processes, tender, and negotiate business terms and pricing with suppliers.
• Drive early procure to pay involvement and proactively conduct cost saving exercises.
• Setup and maintain supplier database in Oracle Cloud ERP system and work closely with the Financial Systems team on updates or issues with the Oracle Cloud ERP system.
• Initiate and assist the Business owners in the set-up of purchase orders, non-Catalog forms, and internal catalogs, punch-out catalogs in line with contracts or single-case procurement activities such as: expediting, changes, delivery, cancellations, acknowledgements, verify requisition against catalogue availability, etc.
• Responsible for savings and KPI achievements and its reporting.
• Keep abreast of assigned category trends, market and economic conditions and other opportunities to leverage during overall negotiations of the local supply base.