Procurement Buyer

The Procurement Buyer is a hybrid, foundational role focused on driving both transactional efficiency and strategic value within the Procurement function. You will be instrumental in providing operational support to the team, guaranteeing the execution of all P2P activities and backing the end-to-end sourcing process for all indirect services categories. This role is designed for a highly analytical and organized professional who will drive operational efficiency in corporate purchasing and actively contribute to strategic cost-saving projects.

Key Responsibilities:

I. Sourcing & Operational Buying Support (Services Focus)

• Sourcing Support: Assist in the preparation and execution of competitive sourcing events (RFIs, RFPs, RFQs) for low-to-medium complexity service categories (e.g., professional services, HR, marketing).
• Market Analysis: Conduct basic market research and supplier analysis to identify potential vendors and evaluate competitive landscapes.
• Negotiation & Contracting: Support the negotiation process by compiling data, tracking changes to terms, and organizing documentation. Assist in the maintenance of the contract database, ensuring accurate records of service agreements and terms.
• Supplier Relationship Management: Build and maintain effective working relationships with internal business partners and external service providers, communicating professional guidance on procurement best practices.

II. Procurement Operations

• Master Data: Manage and maintain procurement master data, including supporting the onboarding of new suppliers and updating existing vendor information with high attention to detail.
• Invoice Resolution: Act as a point of contact to process and resolve basic invoice discrepancies and exceptions by collaborating with Accounts Payable and internal business stakeholders.
• System Management: Assist with the management of internal systems (P2P/ERP, CLM, etc.) through error resolution, regression testing, access management, etc.
• System Compliance: Perform regular auditing to ensure data integrity and compliance across systems, serving as the first point of contact for internal users regarding system navigation or basic policy questions.
• Procurement Cards: Support and manage the use of the Procurement Cards (P-Card) across the organization.

III. Analysis, Reporting, and Process Improvement

• Data Analysis: Run standard and ad hoc operational reports (e.g., PO status, compliance tracking, spend reports) using Procurement systems.
• Metrics & Savings: Collect, analyze, and report on key procurement metrics (e.g., cost savings, spend compliance).
• Process Assistance: Support the Procurement team by gathering data for process analysis and assisting in the development of basic training materials and job aids for end-users.

Qualifications:

Required

• Education: Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
• Experience: At least 2+ years of professional experience within a procurement department. Background in the finance industry or similar environments is a plus.
• Analytical Skills: Strong analytical and organizational skills with a keen focus on attention to detail and data accuracy.
• Technical Proficiency: Advanced proficiency in core business productivity suites (e.g., Microsoft Excel, Google Sheets) for data analysis and reporting.
• Communication: Excellent written and verbal communication skills; comfortable communicating with internal and external partners.
• Mindset:A proactive, problem-solving mindset, high integrity, and a strong work ethic.

Preferred

• Hands-on experience or familiarity with a major Procure-to-Pay (P2P) or ERP system (e.g., Workday, SAP Ariba, Coupa, Oracle).
• Internship experience in Procurement, Sourcing, Supply Chain, or a related business function.
• Basic understanding of contract terms and conditions.

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CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $68,100-$113,500. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made

CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.