Senior Sourcing Analyst

Job Summary

The Senior Sourcing Analyst is responsible for overseeing and managing the sourcing activities for the company. This includes identifying new suppliers, managing supplier relationships, and negotiating contracts and agreements. The Senior Sourcing Analyst will also be responsible for mentoring Sourcing Analysts and ensuring that all sourcing activities are completed efficiently and effectively.

Essential Duties and Responsibilities

• Provide customer service to multiple parties, including but not limited to processing external and internal vendor purchase orders and material issuance daily, handling internal customer and vendor complaints, and helping to resolve billing issues or escalating, as necessary

• Identify new suppliers and manage supplier relationships

• Conduct ongoing business reviews to ensure suppliers are performing to contracted obligations and service levels

• Negotiate and process contracts and agreements

• Ensure standard process for all RFP's and contract documentation are being followed by the business units and provide regular progress updates to business stakeholders

• Respond to questions from vendors, and internal business customers related to the request for information and/or proposal, and requisition process

• Maintain accurate records and reporting on sourcing activities

• Collaborate with internal stakeholders to understand their needs and identify opportunities for cost savings

• Analyze market trends and identifying potential cost savings

• Manage the day-to-day sourcing activities and coordinating with cross-functional teams

• Mentor and train junior sourcing associates on working with cross functional teams such as (SRM, Legal and Business Units) and on policies and procedures

• Ensure that all sourcing activities are completed efficiently and effectively

• Maintain relationships with potential and existing vendors, such as coordinating vendor presentations and conference calls

• Identify areas for process improvement and implement changes

• Manage risk and compliance with procurement policies and regulations

• Coordinate internal business unit and vendor execution of legal contracts, statements of work, change orders, addendums, and other required legal documents

• Perform other duties as assigned

Knowledge, Skills, and Abilities

Knowledge of

• Advanced knowledge of Procurement concepts, practices and procedures

• Project Management Practices

• Advanced knowledge of sourcing, negotiation and contracting best practices - including RFPs and e-auctions

• Financial markets, their required products and services, and corresponding regulations

Skill in

• Advanced Knowledge and experience in negotiating and executing Statements of Work and other contracts

• Provide direction for internal and external stakeholders inclusive of the value of center-led Procurement strategies

• Solid communication, problem solving and research abilities

• Must have a demonstrated competency with procurement principles and industry practices

• Strong project management skills

Ability to

• Ability to lead and mentor others.

• Interface, articulate, and present at high corporate levels inside and outside of the company.

• Ability to work independently and as part of a team.

• Communicate effectively, both orally and in writing, with all organizational levels, including senior management.

• Manage and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment with frequent interruptions.

• Solicit and respond to customer feedback.

• Ability to interpret and apply policies and procedures.

• Ability to identify trends and suggest appropriate corrective action.

• Ability to think critically and structure analysis to solve poorly defined problems.

Educational/Previous Experience Requirements

Education/Previous Experience

• Bachelor's Degree (B.A.) in Business, Supply Chain, Operations or related field and three(3) to five(5) years' experience in strategic sourcing, Procurement Operations, procurement or Supply Chain.
• OR ~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• None required