Procurement Analyst

Job Summary

Socure is a growing mid-size company undergoing an exciting transformation by establishing a formal procurement function. As we implement new procurement tools and processes, we are looking for a Procurement Analyst to play a key role in optimizing our sourcing, supplier management, and purchasing operations.

This role provides a unique opportunity to shape procurement strategies from the ground up and contribute to cost savings, efficiency, and compliance across the organization.The ideal candidate has experience in procurement, sourcing, contract management, and financial analysis within a high-growth technology or SaaS company.

Job Responsibility

• Support the end-to-end procurement process, including sourcing, purchasing, and vendor negotiations.
• Collaborate with Finance, Legal, and IT teams to ensure procurement processes and goals align with business needs and regulatory requirements.
• Help administer our procurement toolstack and build intuitive and automated workflows wherever possible
• Assist in vendor evaluation, selection, and contract negotiations to ensure favorable terms and compliance with company policies.
• Maintain and update procurement records, purchase orders, and vendor contracts in procurement systems.
• Monitor vendor performance, track key procurement metrics, and recommend improvements.
• Ensure compliance with procurement policies, industry regulations, and risk management best practices.
• Analyze spending trends and procurement data to identify cost-saving opportunities and optimize purchasing decisions.
• Support budgeting and forecasting by providing procurement insights and cost analyses.
• Assist in the development and implementation of procurement best practices and automation initiatives to enhance efficiency.

Job Requirements

• 2+ years of experience in procurement, vendor management, or financial analysis, ideally buying software, data, or cloud services.
• Hands-on experience managing SaaS renewals and licensing, including tracking renewal dates, right-sizing seats, and reconciling usage against contracted entitlements.
• Working knowledge of vendor security and risk review, including SOC 2 reports, security questionnaires, and third-party risk management. Experience in a regulated environment such as fintech or financial services is a plus.
• Core understanding of procurement principles, sourcing strategies, and contract negotiation, including common software terms (auto-renewal, price uplifts, data processing, SLAs).
• Proficiency in procurement and financial systems (Zip, NetSuite, Ironclad, or similar), including configuring approval workflows and intake processes.
• Excellent analytical and problem-solving skills, with the ability to interpret spend data and drive cost savings.
• Strong communication and collaboration skills, with the ability to work with Finance, Legal, IT, and Security.
• Bachelor’s degree in Business, Finance, or a related field, or equivalent experience.

Additional information

If you need an accommodation during any stage of the application or hiring process-including interview or onboarding support-please reach out to your Socure recruiting partner directly.

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