The Supply Chain (SC) Sourcing Intermediate Analyst is an intermediate level position responsible for participating in procurement activities such as defining the need for goods and services, negotiating price contracts and authorizing payment for goods and services in coordination with the Corporate Services team. The overall objective of this role is to acquire goods and services requested by company personnel in support of the company's business.
Participate in sourcing process for the various products and services within the sourcing team
Facilitate sourcing process and assist cross-functional team in developing and executing sourcing strategies, supplier management strategies, and contract negotiations including drafting and red-lining contracts
Monitor all aspects of sourcing and contract processes including strategy, negotiation and contract execution as well as assist in supplier negotiations, and financial analysis/modeling while ensuring licensing usage is aligned with license agreements
Respond to customer service inquiries, clarify requirements, and provide information as needed
Utilize Citi tools and processes to research supplier and commodity information as well as work with suppliers to measure and track performance and reporting/reconciliation requirements
Report and record procurement transactions including sourcing request forms, sourcing strategy, savings, contracts, and approved suppliers
Participate and assist in the development, management, and analysis of request for proposals and/or eAuctions
Meet reporting requirements and audit guidelines ensuring adherence to Citi processes and procedures as well as draft and check the accuracy of reports for the team in support of the senior managers
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
2-5 years of relevant experience
Experience with process improvement
Experience in vendor management, contracting, financial acumen, and commercial awareness
Experience in financial modeling and accounting
Experience with reporting tools preferred
Working knowledge of Procurement tools (e.g. Oracle or SAP eSourcing)
Demonstrated negotiation strategies
Proficient computer skills with a focus on Microsoft Office applications including Microsoft Excel
Responsibilities include, but are not limited to, the following:
Maintain a comprehensive understanding of Citi's policies and procedures related to supplier selection, contracting and ongoing management, ensuring all requirements are met and documented throughout the end-to-end process.
Manage sourcing projects to negotiate with suppliers with a focus on quality, service, delivery, risk and cost. The end-to-end Source to Contract process for assigned projects includes:
good teamwork skills, especially the ability to work with our client partners in the Market Data area and the ICG businesses
formulation of the sourcing strategy,
confirmation of completion of required due diligence,
develop and execute negotiation strategies addressing all aspects including commercials and contractual terms and conditions,
packaging and routing of the contract for execution, and
ongoing administration of contract records.
Bachelor's or equivalent degree from an accredited College or University
2-3+ years of previous Sourcing, Contracting and/or Business-related experience
Knowledge and experience with Procurement applications (e.g. Procurement platforms (ESourcing), P2P)
Experience working in a large, global, highly matrixed organization
Excellent organizational, analytical, and time-management skills
Excellent interpersonal, communication, presentation, and negotiation skills
Takes initiative and has the ability to effectively organize, multi-task and prioritize a wide array of initiatives
High integrity and ethics
Grade :All Job Level
All Job FunctionsAll Job Level
All Job Functions
Time Type :Full time
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Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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