Procurement Analyst Jobs in Springfield, VA (NOW HIRING)

PenFed is hiring a (Hybrid) Procurement Analyst at our Tysons, Virginia location.  The Procurement Analyst supports end-to-end procurement activities for a broad range of goods and services across PenFed business units. This role serves as a primary liaison among business owners, suppliers, Legal, Compliance, and other internal stakeholders to support sourcing events, contract review and negotiation, purchase requisition and purchase order workflows, and supplier communications. The Procurement Analyst analyzes supplier proposals and pricing, supports vendor selection and contracting activities, helps maintain compliance with procurement policies and procedures, and contributes to process improvement, reporting, and stakeholder guidance throughout the procurement lifecycle.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

• Manage or support end-to-end sourcing events, including RFIs and RFPs, from requirements gathering through supplier communications, evaluation support, recommendation development, and award documentation.
• Review purchase requisitions for completeness and alignment with business needs; support workflow progression and generate purchase orders within the procurement system.
• Analyze supplier proposals, pricing, and commercial terms; prepare comparative analyses and support recommendations to business stakeholders.
• Coordinate contract review and negotiation activities with Legal, Compliance, business owners, and suppliers; track redlines, approvals, and execution.
• Serve as a primary point of contact for internal stakeholders and suppliers regarding procurement processes, timelines, status updates, and documentation requirements.
• Support vendor onboarding, due diligence coordination, contract renewals, amendments, and terminations.
• Maintain accurate procurement records, sourcing files, approvals, and supporting documentation in accordance with policy requirements.
• Support vendor performance tracking, supplier relationship management, and issue resolution.
• Provide guidance to business units on procurement policies, procedures, systems, and required approvals; identify opportunities to improve efficiency.
• Prepare reports, summaries, and analyses related to sourcing activities, pipeline status, savings opportunities, and procurement operations.
• Collaborate across Procurement, Finance, Accounts Payable, Legal, Compliance, Third Party Risk Management, and business units to drive timely and compliant outcomes.

Equivalent combination of education and experience is considered.

• Bachelor’s degree in business, supply chain, finance, or a related field, or equivalent experience
• 2-4 years of experience in procurement, sourcing, purchasing, contract administration, or related field
• Working knowledge of procurement systems, ERP platforms, and Microsoft Office products (Excel, PowerPoint)
• Strong analytical, organizational, and problem-solving skills with attention to detail
• Effective written and verbal communication skills, with ability to coordinate across multiple stakeholders
• Ability to interpret commercial terms, support negotiations, and follow established policies and approval requirements
• Experience using automation or A.I. tools preferred.

Supervisory Responsibility

The position will not supervise employees.

Licenses and Certifications

There are no additional licenses or certifications required for this position.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

The ability to travel to various worksites may be required.

Pay Transparency

The anticipated starting salary range for this role is $52,200.00 - $105,001.00

This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.

This position is eligible for an individual performance based annual bonus.

#LI-Hybrid

Equivalent combination of education and experience is considered.

• Bachelor’s degree in business, supply chain, finance, or a related field, or equivalent experience
• 2-4 years of experience in procurement, sourcing, purchasing, contract administration, or related field
• Working knowledge of procurement systems, ERP platforms, and Microsoft Office products (Excel, PowerPoint)
• Strong analytical, organizational, and problem-solving skills with attention to detail
• Effective written and verbal communication skills, with ability to coordinate across multiple stakeholders
• Ability to interpret commercial terms, support negotiations, and follow established policies and approval requirements
• Experience using automation or A.I. tools preferred.

Supervisory Responsibility

The position will not supervise employees.

Licenses and Certifications

There are no additional licenses or certifications required for this position.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

The ability to travel to various worksites may be required.

Pay Transparency

The anticipated starting salary range for this role is $52,200.00 - $105,001.00

This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.

This position is eligible for an individual performance based annual bonus.

#LI-Hybrid