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Procurement Specialist in Midland, TX

Procurement Specialist Job Description

Procurement specialists need excellent communication and negotiation skills to build relationships with vendors and suppliers. Firms look for candidates with strong business and financial acumen, including the ability to interpret financial data and identify potential cost savings. Top candidates have a deep understanding of industry standards and regulations, as well as proficiency with enterprise resource planning (ERP) systems. Generally, employers look for professionals with a bachelor’s degree in a business-related field and at least two years of experience in procurement or supply chain management.

Typical procurement specialist duties:

Negotiating contracts with vendors and managing relationships with suppliersMonitoring and analyzing market trends and researching industry suppliersEstablishing quality assurance standards and verifying the quality of purchased productsMaintaining accurate records of purchases and expensesManaging inventory levels and tracking orders to ensure timely delivery

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Salary for Procurement Specialist in Midland, TX
49410 - 76950
25th percentile
49410
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
63180
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
76950
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Financial Officer (CFO) – Corporate Accounting 209790 289710 347490 Vice President of Finance 178200 223560 270540 Corporate Controller 163080 198990 230310 Divisional Controller 120960 168210 190350 Assistant Controller 99900 131760 153360 Director of Finance 136620 180360 195210 Director of Accounting 135000 177390 195210 Treasurer 150930 229770 264600 Assistant Treasurer 84510 114210 133110 Financial Project Manager 116100 147420 179010 Forensic Accountant 91530 113940 131490 Property Accountant 73710 84510 101520 Plant Controller 113130 130140 141480 Procurement Manager 88290 121230 135270

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