Procurement Specialist

Job Type: Location Type: On-site

 

About Daiwa Capital Markets America Inc.:

Incorporated in 1964, Daiwa Capital Markets America Inc. (“DCMA”) is a New York-based registered securities broker-dealer, a futures commission merchant, a primary dealer of U.S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges. Our main focus is on the sales and trading of Japanese, Asian, and U.S. equities, fixed income instruments, financial futures, and investment banking for institutional customers. DCMA’s ultimate parent company is Daiwa Securities Group Inc., one of the largest brokerage and financial services groups in Japan.

Position Summary:

DCMA is seeking a Sourcing Analyst to join our Vendor Management & Procurement team. Reporting to the Vendor Management & Procurement Manager, you will be responsible for sourcing vendors, negotiating contracts and prices, processing purchase orders and invoices, tracking orders, maintaining inventory records, coordinating logistics, managing high volumes of emails, and providing support for special projects. In this role, you must maintain accurate records of assets in a comprehensive CMDB to support effective purchase order management and decision making. You will also manage the purchasing of equipment, software and services for all departments within the organization while striving for continuous process improvement of asset management and procurement processes. The ideal candidate will have experience working with JDE and Service Now and will use their keen eye for detail to identify areas of improvement in procurement procedures.

Core Responsibilities:

• Develop, implement, and drive corporate procurement strategies to achieve cost savings and organizational goals while ensuring compliance with policies and procedures.
• Evaluate supplier performance and proposals, negotiate contracts, and manage relationships to ensure timely delivery of goods and services, while supporting best practices in procurement across the organization.
• Work with cross-functional teams to identify procurement needs and requirements, ensuring effective communication and collaboration with employees, vendors, contractors, and stakeholders.
• Conduct ongoing analysis of suppliers, trends, and pricing for various categories, providing analytical insights to optimize procurement processes and resolve complex challenges.
• Perform data validation, reconciliation, and discrepancy resolution to maintain data quality across procurement and vendor management processes.
• Manage the procurement process from requisition to delivery, monitoring spends, budgets, and financial reporting to ensure accurate tracking, forecasting, and alignment with accounts payable and Finance.
• Support the development and implementation of procurement automation tools to improve efficiency, and organize and execute strategic opportunities, including drafting RFPs, RFIs, and analyzing contracts and deal terms.
• Develop executive-level presentations to communicate the impact of procurement and vendor management strategies and decisions effectively.
• Provide training and support to corporate personnel and suppliers, ensuring compliance with procurement policies and resolving delivery, quality, and payment issues.
• Collaborate closely with finance, accounts payable, sourcing professionals, and internal teams to maintain data quality and reconcile procurement data.
• Support training corporate personnel and outside suppliers on procurement processes and policies.
• Work closely with other sourcing professionals and internal teams.

Required Qualifications:

• Bachelor’s degree in Business Administration, Finance, Supply Chain Management or related field.
• A minimum of 4 years’ experience, preferably in purchase orders, invoicing, and accounts payable and receivable concepts.
• Experience with Information Technology sourcing and procurement strategies.
• Experience with MS Outlook, Excel, Word, Power Point, Adobe Acrobat, ServiceNow and JDE preferred.
• Excellent critical thinking, negotiation, verbal, and written communication skills.
• Capable of multitasking and working within tight deadlines.
• Excellent knowledge of inventory management.
• Ability to operate independently and collaborate effectively with team members and stakeholders.

Company Culture and Benefits:

Daiwa Capital Markets America Inc. has a vibrant company culture made up of a diverse team of professionals. We seek to foster an atmosphere in which our employees understand, respect, and inspire each other. We will continue to build a culture that encourages everyone at DCMA to take pride in their work. How we work – individually, with each other, and with our communities – is just as important as what we do and shapes who we are as an organization.

Our people are our most important asset, and as a result, we offer a competitive and robust total rewards package which includes, but is not limited to:

• Competitive Benefits Package (Medical, Dental and Vision)
• Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
• Flexible Spending and Health Savings Accounts (FSA and HSA)
• Employee Assistance Program (EAP)
• Comprehensive health and wellness benefits
• Parental Leave
• Family building benefits
• 401(k) with company match
• Paid Time Off and holidays
• Professional development, educational assistance and training programs
• Community Engagement Programs

DCMA has a hybrid work program in place, with opportunities for remote work depending on the nature of the role and needs of your department. This was implemented to provide operational efficiency while simultaneously giving employees flexibility. At a minimum, employees are expected to work in the office three days per week.

DCMA provides equal employment opportunities for all applicants and employees. We are committed to providing a work environment that is free of discrimination and harassment. DCMA prohibits discrimination based on race, color, religion, gender identity, national origin, sexual orientation, age, disability, military or veteran status, or other attributes protected under applicable federal, state, or local laws.