Analyst, Procurement COE

Work Location: Chicago

This role is based out of our corporate HQ located in downtown Chicago and will be a hybrid in-person/remote role.

Want to make an impact?

We are seeking a detail-oriented and proactive Center of Excellence (COE) Analyst to join our Procurement team. In this role, you will be responsible for supporting procurement contract and process excellence by creating and maintaining Outline Agreements (OAs) in alignment with Master Service Agreements (MSAs) for both direct and indirect categories.

You will work closely with Procurement Category Managers, Business Units, Legal, and Suppliers to ensure that OAs accurately reflect negotiated terms and enable streamlined Purchase Order (PO) execution. This is an exciting opportunity to contribute to procurement compliance, operational efficiency, and contract lifecycle management within a Center of Excellence environment.

Ways you will make a difference

Contract Management and OA Creation

• Create and maintain Outline Agreements (OAs), Purchase Info Records (PIRs), and Source Lists in the ERP system (e.g., SAP S/4HANA) based on the terms outlined in Master Service Agreements (MSAs).
• Ensure accurate entry of commercial terms, supplier information, contract validity periods, pricing structures, and quantity limits into Outline Agreements.
• Partner with Category Managers and Legal to ensure that Outline Agreements properly reflect sourcing strategies, negotiated savings, and contractual protections.
  
  

Operational Support

• Support the procurement organization by enabling efficient PO referencing through established Outline Agreements.
• Conduct regular reviews of Outline Agreements to identify renewals, expirations, or required amendments.
• Maintain a database or tracking system to monitor Outline Agreement status, usage rates, and compliance metrics.
  
  

Compliance and Process Excellence

• Enforce adherence to Procurement policies, Delegation of Authority (DOA) requirements, and audit standards when creating and managing Outline Agreements.
• Support internal audits, providing documentation and reports related to Outline Agreements and associated MSAs as needed.
• Assist in documenting and improving standard operating procedures (SOPs) related to OA creation and maintenance.
  
  

Cross-Functional Collaboration

• Work collaboratively with Category Managers, Plant Buyers, Legal, Finance, and Suppliers to clarify contractual questions and resolve discrepancies during OA setup.
• Serve as a point of contact for business stakeholders needing assistance with the OA-to-PO process.
• Facilitate resolution of invoice discrepancies.
  
  

Skills that will make you successful

• Strong attention to detail and commitment to accurate data entry and contract interpretation.
• Ability to read and understand commercial terms, contract language, and sourcing documents.
• Excellent organizational skills with the ability to manage multiple Outline Agreements and deadlines simultaneously.
• Strong collaboration and communication skills for interacting with internal stakeholders and external suppliers.
• Proficiency in Microsoft Office applications, particularly Excel, Word, and Outlook.
• Customer service mindset with a proactive approach to solving problems and improving processes.
• Strong analytical, problem solving, and research abilities.
  
  

Experiences that will support your success

• Bachelor's degree in Business Administration, Supply Chain Management, Legal Studies, Finance, or a related field preferred.
• 1–3 years of experience in Procurement, Contract Management, Supply Chain, or related operations preferred.
• Experience working with ERP systems (SAP S/4HANA, Ariba, Oracle, Coupa, etc.) is highly desirable.
• Familiarity with Outline Agreements, Master Service Agreements, or contract management processes is a plus.
  
  

What We Offer

At Ferrara, we're proud to support our employees with comprehensive benefits that enhance health, financial wellness, and include paid time off (PTO). Eligible employees may also receive an annual bonus based on company performance. Learn more about our benefits @ https://flimp.live/Ferrara-Benefits-Resource-Center .

Compensation

The salary range for this position is $68,625 to $96,075 annually.