Procurement Analyst

Procurement Analyst (Strategic Sourcing, Contract Negotiation, Spend Analysis)

What is the Enterprise Vendor Management group responsible for?

• The Enterprise Vendor Management team supports strategic initiatives and firm-wide objectives through the global management of labor and non-labor vendors for the purpose of delivering high quality vendor products and services to grow our investment management business, while optimizing the total cost of ownership.

• You will be a part of the Global team covering a multi hundred-million-dollar Technology Spend Portfolio
• You will be with the Global Tech & Business teams to understand their requirements for services, products, and platforms
• You will work on new opportunities, renewals, extensions, buying additional modules, and services
• You will be responsible for completing the assigned sourcing and contracting requests, while ensuring all records are up to date
• You will follow up on requests during various stages and provide regular updates to stakeholders in the business, technology, legal, infosec and data privacy teams
• You will launch and conduct sourcing events and monitor the intake queues for technology products and services requests
• You will be involved in supplier negotiations (including contracts, commercials, sourcing events)
• You will review, comment, and redline contract documents (MSAs, SOWS, EULA, Order Forms & Others.)
• You will partner with Legal to work through conflicting or difficult positions by thinking critically to provide recommendations or alternative options
• You will manage complex high value sourcing projects from time to time, to ensure optimal pricing and mutually favorable contractual terms, while balancing risk and value
• You will build partnerships with key stakeholders and leverage relationships to influence strategic sourcing initiatives.

• Minimum of 3+ years of experience in Strategic Sourcing, Procurement, and/or Vendor Management with a focus in the Technology category. (Financial services industry experience is preferred)
• Minimum of bachelors degree or equivalent experience
• A reasonable understanding of sourcing and contracting principles & methodologies
• Ability to perform data & spend analytics
• Familiarity in reviewing contracts including general contract provisions, redlines, comments, etc.
• Intermediate excel skills (Pivots, Formulas, Queries, Macros)
• Familiarity in creating sourcing events, contract requests, and contract workspaces
• Comfortable in dealing with ambiguity and navigating through situations without clear directions
• Handle multiple, sometimes competing priorities and managing them with a calm, collected approach
• Familiarity with Coupa, Ariba, Ivalua, GEP, OR other S2P application suites is a plus
• Familiarity with data visualization tools (Power BI Qlik Tableau) is a plus