Procurement specialist/ Sourcing Lead

Summary

Sourcing Lead – Primary Role

Hands-on sourcing work to deliver deals and support/motivate a wider team of individuals with varying levels of sourcing knowledge and experience, to:

• Complete contract review and mark-up of relevant terms, commercials and deliverables for MSA/SOW/Amendments. At times, work with legal to redline documents as needed.
• Conduct contract compliance checks and adhere to risk and process compliance requirements
• Coordinate, prepare and manage RFx/competitive bids to optimize cost and service.
• Perform direct negotiations and manage sometimes large and complex agreements.
• Support the use of preferred suppliers, pricing, rate-cards, discounts, and buying channels.
• Heavily contributes to P&L and Cost Avoid savings for the team.
• Ensure client satisfaction with service, cycle time, and strategic value-add.
• Performs all duties in accordance with prescribed regulatory/process compliance guidelines.
• Align and execute on the category strategy plan.
• Work on multiple deals/engagements at any given time.

Category Lead – Support Role

The design, development and implementation of multi-year Category Strategy plans which align with Business Unit (BU) & functional stakeholders, including the ability to:

• Conduct ongoing spending and supplier analysis & category strategy refresh.
• Develop and manage a positive relationship with difficult stakeholders.
• Find and document cost saving opportunities pipeline via stakeholder engagement and data analysis.
• Establish cross-functional teams for major projects and change initiatives
• Drive annual cost savings and productivity improvements via strategic RFPs and demand / process management.
• Lead and deliver on strategic RFP/deals.
• Design and set up the use of preferred suppliers, standardized pricing, rate-cards, discounts, and buying channels. Manage onboarding approval for new suppliers.
• Drive a solution to requests and issues in a timely way and perform daily problem solving.
• Assess adherence to plans / guidelines and help address leakage or knowledge gaps.
• Support train and develop key talent where applicable.

Overall, quickly learn the State Street end to end process, and work within the guidelines to deliver the category strategy, complete contracts, gain savings and deliver results. Hands on, doing the work, delivery and output focused role (not head of category/managing a team role).

Experience, Education & Preferred Qualifications

• Minimum 10 years+ strategic sourcing experience across Professional Services spend is a must. Core experience in Professional services covering Consulting, with technology consulting preferred.
• Bachelor's Degree in a related field preferred.
• Proven track record of delivering P&L saving projects.
• Top level commercial negotiation skills with ability to influence cross-functionally.
• Prior in-depth experience negotiating with large and difficult Professional Service providers.
• Experience of and ability to develop and implement category strategy plans for Professional Services sourcing.
• Proven self-starter who can work independently and within a team while effectively juggling multiple priorities.
• Understanding of best-in-class procurement, risk, Information Security and payable processes.
• Personal resilience to work within an extremely fast-paced, ambiguous environment.
• Strong strategic thinker and problem solver with attention to detail.
• Established written and verbal communication skills
• Ability to manage challenging stakeholders diplomatically

Job Description

Sourcing Lead – Primary Role

Hands-on sourcing work to deliver deals and support/motivate a wider team of individuals with varying levels of sourcing knowledge and experience, to:

• Complete contract review and mark-up of relevant terms, commercials and deliverables for MSA/SOW/Amendments. At times, work with legal to redline documents as needed.
• Conduct contract compliance checks and adhere to risk and process compliance requirements
• Coordinate, prepare and manage RFx/competitive bids to optimize cost and service.
• Perform direct negotiations and manage sometimes large and complex agreements.
• Support the use of preferred suppliers, pricing, rate-cards, discounts, and buying channels.
• Heavily contributes to P&L and Cost Avoid savings for the team.
• Ensure client satisfaction with service, cycle time, and strategic value-add.
• Performs all duties in accordance with prescribed regulatory/process compliance guidelines.
• Align and execute on the category strategy plan.
• Work on multiple deals/engagements at any given time.

Category Lead – Support Role

The design, development and implementation of multi-year Category Strategy plans which align with Business Unit (BU) & functional stakeholders, including the ability to:

• Conduct ongoing spending and supplier analysis & category strategy refresh.
• Develop and manage a positive relationship with difficult stakeholders.
• Find and document cost saving opportunities pipeline via stakeholder engagement and data analysis.
• Establish cross-functional teams for major projects and change initiatives
• Drive annual cost savings and productivity improvements via strategic RFPs and demand / process management.
• Lead and deliver on strategic RFP/deals.
• Design and set up the use of preferred suppliers, standardized pricing, rate-cards, discounts, and buying channels. Manage onboarding approval for new suppliers.
• Drive a solution to requests and issues in a timely way and perform daily problem solving.
• Assess adherence to plans / guidelines and help address leakage or knowledge gaps.
• Support train and develop key talent where applicable.

Overall, quickly learn the State Street end to end process, and work within the guidelines to deliver the category strategy, complete contracts, gain savings and deliver results. Hands on, doing the work, delivery and output focused role (not head of category/managing a team role).

Experience, Education & Preferred Qualifications

• Minimum 10 years+ strategic sourcing experience across Professional Services spend is a must. Core experience in Professional services covering Consulting, with technology consulting preferred.
• Bachelor's Degree in a related field preferred.
• Proven track record of delivering P&L saving projects.
• Top level commercial negotiation skills with ability to influence cross-functionally.
• Prior in-depth experience negotiating with large and difficult Professional Service providers.
• Experience of and ability to develop and implement category strategy plans for Professional Services sourcing.
• Proven self-starter who can work independently and within a team while effectively juggling multiple priorities.
• Understanding of best-in-class procurement, risk, Information Security and payable processes.
• Personal resilience to work within an extremely fast-paced, ambiguous environment.
• Strong strategic thinker and problem solver with attention to detail.
• Established written and verbal communication skills
• Ability to manage challenging stakeholders diplomatically