Procurement administrator Jobs in Chicago, IL

Procurement Buyer

The Procurement Buyer is a hybrid, foundational role focused on driving both transactional efficiency and strategic value within the Procurement function. You will be instrumental in providing operational support to the team, guaranteeing the execution of all P2P activities and backing the end-to-end sourcing process for all indirect services categories. This role is designed for a highly analytical and organized professional who will drive operational efficiency in corporate purchasing and actively contribute to strategic cost-saving projects.

Key Responsibilities

I. Sourcing & Operational Buying Support (Services Focus)

• Sourcing Support : Assist in the preparation and execution of competitive sourcing events (RFIs, RFPs, RFQs) for low-to-medium complexity service categories (e.g., professional services, HR, marketing).
• Market Analysis : Conduct basic market research and supplier analysis to identify potential vendors and evaluate competitive landscapes.
• Negotiation & Contracting : Support the negotiation process by compiling data, tracking changes to terms, and organizing documentation. Assist in the maintenance of the contract database, ensuring accurate records of service agreements and terms.
• Supplier Relationship Management : Build and maintain effective working relationships with internal business partners and external service providers, communicating professional guidance on procurement best practices.

II. Procurement Operations

III. Analysis, Reporting, and Process Improvement

Qualifications

Required

Preferred

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay range for this role is $68,100-$113,500. Actual salary offered will be dependent on a wide array of factors including but not limited to : relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group : Where Futures are Made

CME Group is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice : Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.