Procurement Specialist (Buyer)

| Chicago

The Team: The Corporate team unites a variety of functions at Morningstar, including design, marketing, corporate communications, finance, quality, human resources, legal, compliance, and strategic planning with the goal of keeping our business running smoothly. Each of these functions plays an essential role in supporting our company’s infrastructure, day-to-day operations, and strategic initiatives. 
The Role: The Procurement team, which sits within the Finance organization, is responsible for sourcing and purchasing of Morningstar’s indirect and direct spend. This role will work across multiple categories of spend including marketing, data, professional services, technology, and travel. It reports directly to our head of Procurement, with dotted lines to the Procurement Managers and/or other Finance leaders. 
Responsibilities 
• Process purchase requisitions, approvals, purchase orders, and invoices for select purchases. Obtain competitive pricing from suppliers and negotiate pricing and terms. 
• Support Procurement Managers with analyzing category spend, finding savings/consolidation opportunities, evaluating supplier risk/opportunities, and analyzing contract compliance. 
• Participate in sourcing events by researching suppliers, drafting Requests for Proposals (RFPs), analyzing responses, supporting negotiations, and supporting consensus building. 
• Participate in change management efforts to increase our spend under management and percent of pre-spend approval (spend on purchase orders). 
• Work with suppliers to enable them on our Procure to Pay (P2P) tool and to build out item catalogs in the tool. 
• Identify opportunities to improve the efficiency, reporting capabilities, and consultative approach of the procurement team. 

Requirements 
• A bachelor’s degree in Engineering, Finance, Accounting, or similar and 3-5 years of work is required. 
• Demonstrates understanding of accounting systems and purchase coding. 
• Possesses strong analytical and financial analysis skills to research and evaluate procurement options. 
• Proficiency in Excel strongly preferred (in some cases, analyzing large data sets using functions like VLOOKUP, PivotTables, and similar). 

Read Full Job Description

Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • ScalaLanguages
    • D3JSLibraries
    • ReactLibraries
    • AngularJSFrameworks
    • Backbone.jsFrameworks
    • Ember.jsFrameworks
    • ExpressFrameworks
    • FlaskFrameworks
    • Node.jsFrameworks
    • PlayFrameworks
    • SpringFrameworks
    • Maria DBDatabases
    • MemcachedDatabases
    • Microsoft SQL ServerDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

Location

22 W. Washington , Chicago, IL 60602

What are Morningstar Perks + Benefits

Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Sabbatical
Perks & Discounts
Casual Dress
Commuter Benefits
Happy Hours
Parking
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

More Jobs at Morningstar72 open jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
Internships
Legal
Marketing
Operations
Product
Project Mgmt
Sales
Content
Finance
new
Chicago
Sales
new
Chicago
Internships
new
Chicago
Developer
new
Chicago
Operations
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Finance
new
Chicago
Project Mgmt
new
Chicago
Finance
new
Chicago
Developer
new
Chicago
Sales
new
Chicago
Developer
new
Chicago
Content
new
Chicago
Data + Analytics
new
Chicago
Marketing
new
Chicago
Operations
new
Chicago
Data + Analytics
new
Chicago
Marketing
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Operations
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Design + UX
new
Chicago
Finance
new
Chicago
Sales
new
Chicago
Operations
new
Chicago
Marketing
new
Chicago
Data + Analytics
new
Chicago
Operations
new
Chicago
Developer
new
Chicago
Sales
new
Chicago
Operations
new
Chicago
Project Mgmt
new
Chicago
Operations
new
Chicago
Product
new
Chicago
Sales
new
Chicago