Associate, Global Strategic Sourcing

Primetrace Technologies

5 - 10 years

12 - 15 Lacs

gurugram

Posted:1 day ago| Platform:

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Skills Required

procurement due diligence financial planning strategy development risk management ms office financial modelling financial services analytics auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

Strategic Advisory: Serve as a strategic advisor to all levels of management on all matters related to sourcing and procurement, offering insights and recommendations to optimize processes and achieve business objectives
Sourcing Strategy Development: Develop and implement comprehensive sourcing strategies through competitive bidding, proofs-of-concept, demand management, supplier consolidation, and process reengineering efforts that align with the companys overall business goals, ensuring cost-effectiveness, quality, and social responsibility
Supplier Relationship Management: Build and maintain strong relationships with key suppliers, negotiating and drafting favorable terms into contracts, ensuring the highest standards of quality and service
Market Analysis: Conduct thorough market research and analysis to identify trends, risks, and opportunities within the supply chain, and prepare PowerPoint decks to support informed sourcing decision-making
Cost Management: Implement cost-saving initiatives and strategies to reduce overall expenses without compromising on quality or performance
Risk Management: Identify potential risks within the supply chain and develop mitigation plans to ensure business continuity and minimize disruptions
Cross-Functional Collaboration: Work closely with internal stakeholders, including Business Function Leads, Category Leads, Third Party Risk, and Legal teams around the world in the negotiation of General Services Agreements, Engagement Letters, and Statements of Work
Compliance and Ethics: Ensure all sourcing and procurement activities comply with corporate policies, ethical standards, and legal requirements

Experience required:

At least 5 years of strategic sourcing experience at a consulting, accounting, regulatory services, multilateral development bank, technology or financial services institution, with a proven track record of success in a strategic sourcing advisory role that works with the Big 4 accounting and professional services firms and/or strategy consulting firms (McKinsey, Bain, BCG) and/or large IT consulting firms (ie Cognizant, TCS, Wipro, HCL, Infosys, Slalom, Stefanini, EPAM, Kyndryl, Softtek)
A passion for the investment advisory and professional services sector, including a comprehensive understanding of market drivers, trends, and dynamics This should include knowledge of how to negotiate technology agreements in this sector (proxy voting systems, data rooms, tax tools, etc)
Expertise with category planning, competitive bidding techniques (RFI, RFP, RFQ), creation of business cases, vendor selection, vendor risk due diligence, operations management, and vendor dispute/escalation management
Financial modelling skills to build multiple negotiation scenarios, total cost of ownership models, consumption models, and demand forecasts based on spend analytics and other data sources
Depth in drafting, redlining, and negotiating global contracts, including experience drafting engagement letters and service level agreements (SLAs), with professional service providers This includes a solid understanding of contract law, including demonstrated ability to understand, interpret and articulate key legal terms in agreements

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