Procurement Analyst (Insurance)

TL;DR

Procurement Analyst (IT/Sourcing): Supporting the delivery of a business-wide procurement and supplier management programme with an accent on sourcing activity, spend analysis, and commercial optimization. Focus on running RFQs/RFPs, evaluating supplier pricing models, and improving commercial outcomes for IT and SaaS spend.

Location: Hybrid - Minimum twice a week in-office attendance at the Worcester (UK) location

Company

A technology provider dedicated to connecting the insurance community through market-leading software solutions.

What you will do

• Lead and support end-to-end sourcing activity, including running structured RFQs/RFPs and producing award recommendations.
• Analyse spend data, pricing models, and cost drivers to identify savings and optimization opportunities.
• Partner with budget holders as a trusted advisor to shape requirements and sourcing approaches.
• Manage supplier onboarding, conduct due diligence, and maintain accurate contract data.
• Track and report on procurement pipelines, cost avoidance, and commercial outcomes via dashboards.
• Ensure all procurement activities align with internal policy, governance, and audit requirements.

Requirements

• 2–4 years of experience in procurement, commercial, or analytical roles.
• Strong working knowledge of IT and technology procurement (SaaS, cloud, software licensing, or managed services).
• Degree in Business, Finance, Economics, Supply Chain, or equivalent practical experience.
• Proven ability to interpret complex spend data and manage multiple priorities in a fast-paced environment.
• Ability to work from the Worcester office at least twice a week.

Nice to have

• Working towards or holding a professional procurement qualification (e.g., CIPS).

Culture & Benefits

• Competitive salary, company pension, and bonus opportunity.
• 25 days holiday per annum, increasing with tenure, plus a holiday purchase scheme.
• Flexible approach to start, finish, and lunchtimes for better work-life balance.
• Comprehensive wellbeing support, including an employee assistance programme and mental health first aiders.
• Access to Perkbox for discounts and various company social clubs.
• Life assurance and critical illness cover.