JOB TITLE: SR. SOURCING ASSOCIATE (PROFESSIONAL SERVICES)
PRINCIPAL ACCOUNTABILITIES:
Duties and Responsibilities
Lead Stakeholder Engagement and Sourcing Initiatives:
• Collaborates with business stakeholders and procurement management to determine sourcing category strategy.
• Responsible for working with business stakeholders and procurement management to frame and develop project objectives, requirements, and sourcing strategy prior to supplier engagement.
• Drafts and leads the applicable sourcing process through scoring and completion (e.g. RFx, sole source, etc.).
• Acts as primary contact with potential suppliers during the RFx, selection, and negotiation process.
• Leads supplier negotiations throughout RFx and contracting process to achieve optimal savings, value, and risk profile.
Negotiate and Draft Contracts:
• Implements the sourcing strategy and negotiation and redlining process with the supplier to draft contracts that accurately capture business, technical, and legal requirements (including contractual and purchase order documentation).
• Acts as liaison with business owner and supplier during negotiations.
• Works closely with legal and risk groups to ensure consistent communication and socialization of significant legal and risk issues throughout the negotiation process.
• Interacts routinely with legal and business owner to resolve issues.
• Responsible for the preparation and submission of documentation for consent from the Federal Government (as applicable).
• Ensures and adheres to corporate purchasing policy directives and Federal Government regulations.
• Ensures compliance with contractual requirements for Federal Employee Program and other state and local contracts specifically related to MBE/WBE requirements and reporting.
• Consolidates requirements and coordinates with management to determine the most suitable method of purchase such as spot purchase orders, contracts, blanket orders and supplier stocking arrangements.
Supplier Management:
• Ensures procurement process is followed and all documentation is complete and accessible in the Ariba source to pay system.
• Analyzes and compares service and/or product offerings and specifications, investigates future renewal requirements and options, and resolves contract and invoice discrepancies.
• Manages existing contracts to anticipate and prepare for ongoing renewals.
• Provides other services related to the sourcing, contracting, and supplier management function as required.
QUALIFICATION REQUIREMENTS:
Required: This position requires a Bachelor’s degree or equivalent experience; and at least four (4) to six (6) years’ experience in Strategic Sourcing, Professional Services (Consulting, Facilities, HR, Marketing) and IT Services Procurement Categories.
• Extensive experience in managing the end to end sourcing process from requirements gathering through RFx and contracting.
• Robust pricing and contractual negotiations with suppliers.
• Effective presentation and influencing skills to interface with multiple levels of management.
• Experience in analyzing pricing and determining price reasonableness.
• Proven experience with key category suppliers.
Skills and Abilities:
• Must have working knowledge of SAP Ariba.
• Excellent project and time management skills including but not limited to risk assessment, workplan development and management.
• Developed critical thinking, analytical, organizational and coordination skills.
• Able to apply complex problem-solving abilities to achieve problem ad process solutions.
• Ability to spot, communicate and mitigate issues.
• Flexibility and ability to work independently as well as part of a team.
• Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.
• Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.
• Must be able to effectively communicate and provide positive customer service to every internal and external customer.
Desirable:
• Experience in the Health Insurance industry.
• Knowledge of the Federal Acquisition Regulation (FAR). |
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