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Procurement Analyst at Wintrust Financial Corporation

Posted in Finance 30+ days ago.

Type: Full-Time
Location: Rosemont, Illinois





Job Description:

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

Why join us?


  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)

  • Competitive pay and discretionary or incentive bonus eligible

  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

  • Family-friendly work hours

  • With 175+ community bank locations, we offer opportunities to grow and develop in your career

  • Promote from within culture

Why join this team?


  • We have a culture that encourages an entrepreneurial spirit

  • We offer multiple opportunities for development and upward mobility

Job Description Summary

The Procurement Analyst is responsible for all aspects of purchase agreement administration, including preparation of Request for Quotes (RFQs), negotiating terms, and creating/issuing/maintaining purchase orders. Monitor and help to strengthen and maintain a strong supply chain in the areas of quality, delivery, and cost control. 
 

Responsible for reviewing, processing and monitoring IT invoices for payment against Purchase Orders and recommending appropriate expense accruals during monthly, quarterly and annual accounting cycles. Demonstrate customer-oriented behavior to solve issues is required for this position, as highly degree of motivation, and organization with minimum supervision.

What You’ll Do


  • Responsible for performing purchasing tasks for IT purchases, including but not limited to: a) creation of purchase orders for approved requisitions; b) order confirmations; c) confirms receipt of ordered items/services; d) requests quotes and; e) reconciling invoicing issues by tracking payments against PO’s. Issue purchase orders and provide backup coverage for other procurement team members. Ensure timely delivery of goods to locations. Partners with A/P to troubleshoot and resolve invoice issues/discrepancies, while closing completed PO’s.

  • Updates missing Workday payment information in ServiceNow (i.e. system error/change requests, no-PO referenced, data flow errors, etc.). Updates POs with status in ServiceNow for future reference. Performs UAT for ServiceNow Procurement, makes recommendations leading to procedural and systematic enhancements, and trains in system utilization.

  • Prepares appropriate accruals on a monthly basis along with preparing intercompany billings for Wintrust Finance and various vendor allocations. Ensure adherence to proper internal controls and interface with key internal customers and external vendors as part of daily responsibilities. Responsible for ensuring proper cost allocations on purchase orders.

  • Accountable for reconciling Prepaid Assets, Fixed Assets, accrued liabilities and Project capital expenses and providing variance analysis in areas such as software licenses, equipment purchases, data processing, and maintenance and repairs expenses.

Knowledge/Skills/Background/Experience


  • 2+ years relevant procurement experience

  • Ability to coordinate and consult with internal customers regarding purchase requirements; evaluation of sources; recommendation and/or selection of least-cost suppliers consistent with considerations regarding quality, source reliability, supply versus demand.

  • Experience working in a purchasing system - with ServiceNow experience desirable.

  • Experience working in an IT Ticketing system and familiarity with, and knowledge of IT hardware and software a plus

  • Strong customer service and collaboration skills and and detail oriented

Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

#LI-HYBRID

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.





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