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Procurement Specialist in Paramus, NJ

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 Paramus, NJ
58560 - 91200
25th percentile
58560
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
74880
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
91200
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 248640 343360 411840 Vice President of Finance 211200 264960 320640 Corporate Controller 193280 235840 272960 Divisional Controller 143360 199360 225600 Assistant Controller 118400 156160 181760 Director of Finance 161920 213760 231360 Director of Accounting 160000 210240 231360 Treasurer 178880 272320 313600 Assistant Treasurer 100160 135360 157760 Financial Project Manager 137600 174720 212160 Forensic Accountant 108480 135040 155840 Property Accountant 87360 100160 120320 Plant Controller 134080 154240 167680 Procurement Manager 104640 143680 160320

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