Procurement Business Analyst

Equity Residential
Chicago, Illinois, United States
USD 80.00
16 Sep 2020
17 Sep 2020
Job role
Business analyst, CFO
As a Business Analyst, you will be a part of a hardworking and fun team who collectively manage over $190MM in company expenses and $80MM in revenue. Our team supports programs across all business segments from operations to new construction to renovation and capital expenditures. As this position grows, there may be opportunity to manage some of the other 55 expense and income categories that we consult on for the business.

  • Organized and Accountable. You might like lists and checking things off. You take great notes and know how to prioritize competing projects and tasks to make the biggest impact. You ask lots of clarifying questions so that you can deliver on expectations.
  • Flexible and Adaptable. You enjoy managing a lot of things at once and you don't mind jumping from one topic to the next. You are comfortable living in the grey and embrace change. You don't get stressed easily when there is more to do than time allows - you like the challenge!
  • Talking is fun and writing is cool, too. Your writing and speaking skills are clear and effective, helping you connect well with others at all levels of the organization. You consistently know how to organize your communication concisely in order to successfully get your message across.
  • Tech Savvy. Tools like email and internet access start as basic necessities in your daily operation. You love all things Google. You are also a strong Microsoft Excel user and know how to leverage its extensive capabilities. To help effectively convey your analysis, findings, and results, you take pride in creating effective and aesthetically pleasing charts and graphs.
  • People Person. You like people and being part of a team. You enjoy talking on the phone to customers and vendors and sharing ideas. You like building relationships and appreciate the value that everyone brings to the table.
  • Strategist. You like to balance the big picture with the details to come up with the best strategy. You're constantly thinking about how we can do it better and you love the art of figuring things out. You also like to plan before acting to ensure you are making the right move.

  • Become an expert in service and/or products contracts and serve as a trusted advisor to our company in these areas.
  • Negotiate local and regional contracts for our properties, ensuring our properties have the necessary tools to hold vendors accountable to contract terms.
  • Regularly collaborate with property and corporate teams to manage labor and product expenses, through program enhancements in contract terms, software, communications, training, and reporting.
  • Manage our strategic vendor partners to deliver on programs designed to meet customer needs; this is accomplished by maintaining contracts, data, compliance stats, and relationships with these partners.
  • Provide exceptional customer service to internal business partners, such as regional leaders and property teams, while also effectively addressing property level issues such as contract concerns, budget variances, etc.
  • Maintain databases and trackers of key information used to manage Equity's expense programs, including contract terms, costs, risks, key issues, etc.
  • Create annual budgets for our assigned categories and track variances to budget each month; as needed, develop action plans to address variances and get the budgets back on track.
  • Perform detailed monthly analysis of services and/or product expenses and other key metrics used to evaluate these programs in Equity's portfolio of approximately 300 communities and 78,000 apartment homes.

  • A Bachelor's degree is required (or equivalent work experience), with an emphasis in business or economics preferred.
  • 2-5 years of previous professional experience in sourcing/procurement, analytics, operations, or property management role is also desired.
  • Strong written and verbal communication skills, with an ability to speak and write in a clear and articulate manner.
  • Position is multifaceted, requiring a high degree of flexibility, intuitiveness, conceptual thought processes, and exemplary organizational skills in order to support numerous existing projects and new business initiatives.
  • Must have strong skills in Microsoft Excel, plus familiarity with other Microsoft Office programs and Google applications.

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