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Job details

Buyer

Electra is looking for a Procurement Operations Buyer to manage tactical procurement activities and improve the Procure-to-Pay (P2P) process, while supporting the company's mission to reinvent iron production sustainably.

Skills

  • Procurement
  • Sourcing
  • Analytical Skills
  • Stakeholder Management
  • ERP Systems
  • Communication

Responsibilities

  • Develop an understanding of the P2P purchasing process
  • Support delivery of all aspects of the procurement process
  • Oversight of Procurement transactions
  • Create and document workflows and training materials
  • Drive continuous innovation and identify process improvements
  • Provide suggestions for cost reduction
  • Serve as an escalation contact for issues
  • Analyze P2P performance through KPI metric analysis

Education

  • Bachelor's degree in supply chain management, business administration, or engineering

Benefits

  • 100% paid premiums for health plans
  • Generous PTO
  • $150 monthly HSA contributions
  • 401(k) with matching contributions
To read the complete job description, please click on the ‘Apply’ button
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Average salary estimate

$63104.5 / YEARLY (est.)
min
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$53439K
$72770K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Buyer, Electra

Join Electra as a Buyer in Boulder, Colorado, and be part of an exciting journey to reinvent iron production for a sustainable future. At Electra, we are tackling the significant challenge of reducing carbon emissions produced by the iron and steelmaking industry. In this role, you will take charge of all tactical and transactional procurement activities, ensuring that our operations run smoothly. You will work hand-in-hand with various teams, including Procurement, Supply Chain, Accounting, and Finance, to streamline our Procure-to-Pay (P2P) process. Your daily tasks will involve interfacing with suppliers and internal stakeholders to foster better collaboration and supporting key P2P-related projects. As a Buyer, you will develop a thorough understanding of Electra's procurement processes, improve efficiency, and help train others. You’ll dive deep into procurement transactions, ensuring compliance and accuracy, and innovatively find ways to enhance our operations. Your analytical skills will shine as you analyze P2P performance and drive cost reductions while being attentive to stakeholder needs. With a focus on collaboration, you'll contribute to creating a culture that values sustainability and efficiency. If you're passionate about making an impact in a fast-paced startup environment, then this Buyer role at Electra could be your perfect next step.

Frequently Asked Questions (FAQs) for Buyer Role at Electra
What does a Buyer do at Electra in Boulder, Colorado?

As a Buyer at Electra in Boulder, Colorado, you will oversee all tactical procurement activities related to purchasing goods and services that support our business operations. This role includes managing the entire Procure-to-Pay (P2P) process, interfacing with suppliers and internal teams, and ensuring compliance with procurement policies. You'll be instrumental in driving efficiency and cost reduction initiatives while facilitating P2P improvements.

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What qualifications do I need to become a Buyer at Electra?

To qualify for the Buyer position at Electra, you should have a Bachelor’s degree in supply chain management, business administration, or a related field. We also require a minimum of 2 years of experience in procurement or supply chain roles. Strong analytical and communication skills, along with proficiency in procurement and ERP systems, especially NetSuite, are essential for your success in this role.

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What responsibilities does the Buyer role at Electra entail?

The Buyer at Electra is responsible for all aspects of procurement, including managing P2P processes, supporting procurement software enhancements, conducting training, and ensuring compliance with policies. You'll also lead initiatives for process improvement, manage supplier relationships, and partner with other departments to meet business goals effectively.

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How does Electra support Buyer professional development?

At Electra, we value growth and provide opportunities for professional development for the Buyer role. You will receive training on our procurement processes and best practices while also being encouraged to pursue relevant certifications. Additionally, our collaborative culture fosters sharing knowledge and skills among team members.

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What kind of work environment can I expect as a Buyer at Electra?

As a Buyer at Electra, you can expect a dynamic startup environment filled with innovation and teamwork. We are passionate about disrupting the status quo in iron production while promoting sustainability. You'll be working closely with various departments, allowing you to build strong relationships and contribute to meaningful projects.

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Common Interview Questions for Buyer
Can you describe your experience with procurement processes?

When answering this question, highlight your specific roles related to procurement, particularly your experience with the Procure-to-Pay process. Provide examples of how you've improved efficiency or ensured compliance in your past positions.

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How do you approach supplier management?

Discuss your strategy for maintaining strong relationships with suppliers, including communication, negotiation, and collaboration. Provide an example of how effective supplier management positively impacted your previous organization.

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What software tools have you used in procurement?

Mention any procurement or ERP systems you've worked with, such as NetSuite. Be specific about how you've utilized these tools to streamline processes or enhance performance in your previous roles.

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How do you handle conflicting priorities in a fast-paced environment?

Explain your time management and prioritization techniques. Describe a situation where you successfully managed multiple tasks while maintaining quality and meeting deadlines.

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What metrics do you consider when evaluating procurement effectiveness?

Discuss key performance indicators (KPIs) you would track, such as cost savings, supplier performance, and compliance rates. This shows your analytical approach to procurement.

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Can you give an example of a successful cost-cutting initiative you led?

Share a specific instance where you identified and implemented a cost-saving measure in procurement. Detail the problem, your actions, and the results to illustrate your impact in that role.

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How do you ensure compliance with procurement policies?

Describe your approach to adhering to procurement policies, including how you verify processes during procurement transactions and handle any discrepancies.

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How do you stay updated with industry trends in procurement?

Talk about resources you utilize, such as industry publications, networks, or training, to stay informed about procurement best practices and changes in the market.

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Describe a time when you improved a procurement process.

Provide an example showcasing your initiative to streamline or enhance a current process, detailing the steps taken, the challenges faced, and the final outcome of your improvements.

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Why do you want to work for Electra as a Buyer?

Share your enthusiasm for Electra’s mission and values, particularly regarding sustainability and innovation. Explain how this aligns with your career goals and passion for procurement.

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MATCH
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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$53,439/yr - $72,770/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
February 25, 2025

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