Lead Procurement Analyst

The Procurement team at Rapid7 is looking for a strong Lead Procurement Analyst to optimize strategy, business decisions, and direction across a portfolio of strategic partner spend. This role will be instrumental in driving procurement excellence across the enterprise, including a focus on developing strategic partner relationships, reducing third-party costs and associated risk. 

About the Team

The Finance team holds Rapid7 accountable for making sound business decisions that support a sustainable path for growth. As a publicly held company, we have a responsibility to our customers, employees, and investors to exercise good judgment by leveraging business data and market trends to set strategic long and short-term goals. As we continue to scale and grow our global footprint, we’re committed to being industry leaders when it comes to social responsibility and giving back to the cybersecurity community.

About the Role

The Lead Procurement Analyst is responsible for leading the development of indirect and direct category sourcing strategies, as well as the execution of these strategies, including day-to-day interaction with internal stakeholders and vendors. This individual will have responsibility for owning and managing vendor relationships, developing category plans, negotiating vendor contracts, delivering on stakeholder requirements, managing and reporting defined procurement metrics, identifying opportunities to reduce total cost, evaluating market conditions and the effects on pricing, and communicating with Rapid7’s vendor partners.

In this role, you will:

• Identify opportunities to aggregate and leverage global company spending with a focus on improving bottom-line performance.

• Perform ongoing spend analysis to collect, categorize, and analyze spend data to develop the foundation for ongoing value generation and ROI optimization. Translate these results into an actionable category plan.

• Cultivate strong, trust-based relationships with stakeholders including executive management, focused on delivering against requirements while balancing cost and risk, leading to the optimal vendor solutions for the company.

• Establish and maintain strategic vendor partnerships and alliances that promote greater efficiency and value generation in the procurement process and facilitate constructive communications. Maintain a performance measurement and management program for key vendors.

• Define key metrics and necessary systems to track and report on procurement activity. Provide updates to both leadership and stakeholders on cost savings, vendor negotiations, spend under management, operational efficiencies, and future initiatives.

• Develop processes and drive periodic reviews and evaluations of commodities and services usage, price trends, and market conditions to develop, as appropriate, lower-cost substitutes and alternative sources of supply.

• Proactively identify, evaluate, and capitalize on opportunities to reduce sourcing and purchasing costs by establishing contracts that improve the organization’s buying patterns and enhance Rapid7’s end-to-end supply processes.

• Set negotiation strategies, lead sourcing events (RFx) and negotiations for third-party relationships to secure terms that are in the organization’s best interest. Negotiate superior contracts while improving operational efficiencies and service levels. Identify and reduce/eliminate non-compliant or rogue spending.

• Leverage existing procurement toolset (spend analysis and source-to-pay capabilities) to drive efficiency and transparency into everything we do.

• Quantify, verify, and communicate your results with an eye to continue to drive early engagement with our team and awareness of the value we drive.

• Seek out continuous improvement opportunities, help progress them from ideation to execution, and ultimately deliver on these opportunities to continually get better at what we do.

The skills you’ll bring include:

• Bachelor’s degree in Supply Chain Management, Business Administration, Finance, or a related field; MBA or relevant certification (e.g., CPSM, CIPS) preferred.

• Demonstration of strong financial analytic acumen required.

• Minimum of 7 years of relevant progressive experience in procurement, supply chain management, or category management, preferably within the technology or cybersecurity, industry.

• Strong analytical and strategic thinking skills, with the ability to translate data into actionable insights.

• Excellent negotiation and contract management skills.

• Proven ability to manage multiple projects and priorities in a fast-paced environment.

• Strong interpersonal and communication skills, with the ability to influence and collaborate effectively with stakeholders at all levels.

• Proficiency in procurement workflow, software, and tools.

We know that the best ideas and solutions come from multi-dimensional teams. That’s because these teams reflect a variety of backgrounds and professional experiences. If you are excited about this role and feel your experience can make an impact, please don’t be shy - apply today.

 

About Rapid7

Rapid7 is creating a more secure digital future for all by helping organizations strengthen their security programs in the face of accelerating digital transformation. Our portfolio of best-in-class solutions empowers security professionals to manage risk and eliminate threats across the entire threat landscape from apps to the cloud to traditional infrastructure to the dark web. We foster open source communities and cutting-edge research–using these insights to optimize our products and arm the global security community with the latest in attackers methods. Trusted by more than 11,000 customers worldwide, our industry-leading solutions and services help businesses stay ahead of attackers, ahead of the competition, and future-ready for what’s next.