Senior Sourcing & Contracts Specialist
📋 Role Overview & Responsibilities
Must Haves: Strong preference for commercial procurement or financial institute experience - government heavy is not the right experience. Specifically looking for experience negotiating Software as a service contracts. Bonus if they have experience buying market data or with data subscriptions. Another nice to have would be experience Workday strategic solutions, WSS (Scout RFP).
The Senior Sourcing & Contracts Specialist will engage with the Category Manager and the business partners to complete the category strategy by handling the sourcing and contracting specific to category suppliers. Your responsibilities will involve all aspects of running sourcing events (RFX’s) including handling supplier RFX development, leading supplier meetings and providing subject matter expertise during the sourcing process, analysis and recommendation of supplier proposals, and negotiating, structuring, and management of contractual documents that establish business relationships with suppliers for our Software &Applications/SAAS categories.
In addition, you will be encouraged to negotiate and implement new contracts not resulting from a sourcing event as well as statements of work and/or amendments to existing agreements. You will also ensure integration of and compliance with vendor risk, diversity, and management requirements throughout the sourcing process. Your role will identify and drive cost efficiency to meet all savings targets.
Qualifications:5 - 7+ years proven experience working in Purchasing, commercial Contract Negotiation and Supplier Management environmentsMinimum of 5 years in Software/Cloud/SaaS procurementAssociates Degree or equivalent combination of training and experienceOutstanding negotiation, analytical, decision making, and customer relationship skillsExperience in developing and running sourcing events from development to contract executionResponsible for full contract life cycle for all category suppliers from contract initiation through termination including execution of Agreements, Statements of Work, Amendments and contract renewalsBroad-based experience in supply chain, procurement, contracts, project managementHighly effective written and oral communications as well as interpersonal skillsKnowledge and expertise of purchasing systems, category management, and strategic sourcing methodologies
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