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Senior Procurement Specialist

Electra is reinventing iron production with a green approach and is looking for a Senior Procurement Specialist to lead sourcing activities that align with its growth objectives.

Skills

  • Negotiation
  • Communication
  • Stakeholder management
  • Microsoft Office proficiency
  • Analytical skills

Responsibilities

  • Develop and execute sourcing strategies
  • Manage contract negotiations
  • Analyze spend data for cost savings
  • Collaborate with various cross-functional teams
  • Develop and lead RFx activities

Education

  • Bachelor’s degree in supply chain management, business administration, engineering, or related
  • Master's degree in supply chain management, business administration, engineering, or related (preferred)

Benefits

  • 100% paid premiums for medical, dental, vision, and disability insurances
  • Annual employer HSA contributions
  • 12 weeks of paid parental leave
  • 401k with matching contributions
  • Flexible return-to-work options
To read the complete job description, please click on the ‘Apply’ button
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Average salary estimate

$115000 / YEARLY (est.)
min
max
$105000K
$125000K

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What You Should Know About Senior Procurement Specialist , Electra

Join Electra as a Senior Procurement Specialist and play a pivotal role in revolutionizing iron production! Located in Boulder, Colorado, we’re passionate about combating the significant carbon emissions resulting from traditional iron and steelmaking processes. In this exciting position, you will lead procurement and strategic sourcing activities that directly support our supply chain operations, allowing us to forge a greener future. Your responsibilities will include developing and executing innovative sourcing strategies while ensuring that supplier relationships yield maximum efficiency and cost-effectiveness. Collaborating closely with cross-functional teams, you will manage RFx activities and negotiate contracts that align with Electra’s mission and protect our interests while delivering value. With your analytical prowess, you’ll assess spend data to uncover cost-saving opportunities, driving supplier performance improvement initiatives. At Electra, you won’t just be managing procurement; you’ll be contributing to a culture that values sustainability and innovation. If you have a successful track record in procurement along with strong negotiation and communication skills, we want you on our team. Help us navigate this fast-paced environment as we lead the charge in sustainable iron production, making a tangible impact on the health of our planet. Take this opportunity to grow and challenge the status quo with Electra, where your contributions matter, and every day is a step towards a sustainable future!

Frequently Asked Questions (FAQs) for Senior Procurement Specialist Role at Electra
What are the primary responsibilities of a Senior Procurement Specialist at Electra?

As a Senior Procurement Specialist at Electra, your main responsibilities will include developing sourcing strategies, managing RFx activities, negotiating contracts, and conducting supplier performance evaluations. You'll also analyze spend data to pinpoint cost-saving opportunities and work collaboratively with various internal teams to ensure all procurement activities align with our strategic goals.

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What qualifications are required for the Senior Procurement Specialist position at Electra?

To qualify for the Senior Procurement Specialist role at Electra, you need a bachelor's degree in supply chain management, business administration, engineering, or a related field, along with 8+ years of relevant industry experience. Alternatively, a master's degree and 6+ years of experience will also be considered. Strong negotiation skills and proficiency with software like Microsoft Office are essential.

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How does Electra support career development for its Senior Procurement Specialists?

Electra fosters an environment of continuous learning and professional growth for Senior Procurement Specialists through extensive training programs, mentorship opportunities, and the chance to work on groundbreaking projects in sustainable iron production, allowing you to build valuable skills and advance your career.

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What can I expect regarding work culture as a Senior Procurement Specialist at Electra?

The work culture at Electra is collaborative and innovative, focused on disrupting the status quo. As a Senior Procurement Specialist, you will find a supportive community dedicated to improving the health of the planet, where your insights and contributions are valued and encouraged.

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What benefits does Electra offer to Senior Procurement Specialists?

Electra offers an attractive compensation package for Senior Procurement Specialists, including competitive salaries, comprehensive health and insurance plans, generous PTO, HSA contributions, a 401k with matching contributions, and eligibility for stock options—an investment in your future while supporting our mission.

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Common Interview Questions for Senior Procurement Specialist
What experience do you have in developing procurement strategies?

Emphasize your past roles where you formulated sourcing strategies. Provide examples of how these strategies resulted in cost savings or improved supplier relationships, demonstrating your analytical approach and ability to align with business goals.

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How do you assess supplier performance?

Discuss your experience with supplier performance metrics and evaluations. Mention specific tools or criteria you've used to analyze performance and how you worked with suppliers to improve results where needed.

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Describe a challenging negotiation you've handled.

Share a specific instance where a challenging negotiation took place. Detail the strategies you employed to reach a favorable outcome and how it benefited your previous organization, showcasing your negotiation skills.

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How do you stay updated on market trends affecting procurement?

Explain your approach to professional development, such as following industry publications, attending trade shows, or participating in relevant courses. Discuss how this knowledge has informed your procurement decisions.

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Can you give an example of a successful RFx process you managed?

Illustrate your process by detailing the steps taken during a successful RFx process, the selection criteria used, and the resulting benefits realized from the new supplier. Highlight collaboration with cross-functional teams.

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What tools and systems do you prefer for procurement management?

Mention your experience with procurement and ERP systems, discussing how you've utilized them to streamline processes and improve efficiency while adapting to new software quickly if necessary.

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Describe your experience in risk management within procurement.

Discuss your approach to identifying and mitigating procurement risks, giving examples from your past experience. Highlight any risk assessment frameworks you've implemented to protect organizational interests.

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How do you prioritize tasks when managing multiple procurement projects?

Share techniques you use to manage priorities, such as creating task lists or using project management tools. Provide an example where your prioritization led to successful project completion.

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What strategies do you implement to ensure compliance with procurement policies?

Explain your understanding of compliance requirements in procurement and how you have ensured adherence through training or regular audits, and by designing effective policies based on best practices.

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Why do you want to work for Electra as a Senior Procurement Specialist?

Express your enthusiasm for Electra's mission to reduce carbon emissions in iron production. Discuss how the role aligns with your values and career goals, emphasizing your desire to contribute to sustainable practices in the industry.

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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$105,000/yr - $125,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
January 4, 2025

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