Procurement Analyst

Summary

Novo is a fintech company building a modern banking platform for small businesses. The Procurement Analyst will manage third-party risk management and procurement operations end to end, including vendor intake, due diligence, approvals, renewals, and contract execution. The role partners with Legal, InfoSec, Compliance, Finance, and business stakeholders to keep vendor requests moving and maintain accurate procurement records.

Responsibilities

• Manage the Zip platform for every vendor/procurement request, from intake through close-out
• Monitor renewal alerts, follow up with Deal Sponsors on upcoming renewals, and post renewal notifications in the Third Party Management Requests Slack thread
• Track vendor and contract records — pricing, terms, spend by department/category — and flag cost-savings or cancellation opportunities
• Review new contracts/order forms for accuracy (cost, agreement type, legal entity) and run adverse media checks before routing for review
• Determine whether a vendor requires InfoSec review and, if so, gather the relevant due-diligence documents (SOC 2 reports, penetration test summaries, terms of use) directly from vendors or their trust centers
• Confirm the correct expense/procurement tagging category for each request
• Chase internal stakeholders (Legal, InfoSec, Compliance, ELT) via Zip and the TPRM Slack channel to keep reviews and approvals moving, and follow up on any findings that need resolution
• Follow up with ELT/CEO to secure and log required approvals in Zip
• Coordinate contract execution, including routing agreements for signature via DocuSign, and retain fully executed agreements in Zip
• Work with FP&A to make sure cost details are accurate and ready for Finance's review and approval (Initial/Final FP&A Review remain owned by Finance)
• Partner with Deal Sponsors and business stakeholders across departments to gather scope-of-work and data-access details
• Communicate procurement status and blockers clearly to stakeholders outside of procurement

Skills

• • 1–3 years of experience in procurement, vendor management, sourcing, or a related operations role
• • Strong organizational skills and comfort managing a high volume of concurrent requests with competing deadlines
• • Clear written and verbal communication; comfortable proactively chasing internal stakeholders and external vendor contacts to keep requests moving
• • Proficiency with spreadsheets
• • A self-starter mentality: comfortable driving process with minimal oversight
• • Sharp attention to detail across contract terms, vendor documentation, and Zip records
• • Proficiency with spreadsheets; experience with procurement/vendor management platforms (e.g., Zip, Coupa, Ironclad) a plus

Qualifications

Must Haves

• • 1–3 years of experience in procurement, vendor management, sourcing, or a related operations role
• • Strong organizational skills and comfort managing a high volume of concurrent requests with competing deadlines
• • Clear written and verbal communication; comfortable proactively chasing internal stakeholders and external vendor contacts to keep requests moving
• • Proficiency with spreadsheets
• • A self-starter mentality: comfortable driving process with minimal oversight
• • Sharp attention to detail across contract terms, vendor documentation, and Zip records

Nice to Haves

• • Proficiency with spreadsheets; experience with procurement/vendor management platforms (e.g., Zip, Coupa, Ironclad) a plus

Benefits

• Offers Equity
• Remote work