Outstanding long-term contract opportunity! A well-known Financial Services Company is looking for a Sourcing Consultant 3 in Minneapolis, MN, Charlotte, NC, or Des Moines, IA (Hybrid).
Work with the brightest minds at one of the largest financial institutions in the world. This is a long-term contract opportunity that includes a competitive benefit package! Our client has been around for over 150 years and is continuously innovating in today's digital age. If you want to work for a company that is not only a household name, but also truly cares about satisfying customers' financial needs and helping people succeed financially, apply today.
Contract Duration: 12 Months
Required Skills & Experience- 5+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Strong experience in contract interpretation, drafting, and negotiation.
- Financial analysis of pricing proposals.
- Ability to gather business requirements and recommend a sourcing strategy.
- Skill in reviewing proposed contract language, identifying risks, and recommending language or strategies to remediate those risks.
- Intermediate Microsoft Office skills (Word, Excel).
Nice to Have- Experience with contracts for software licenses (on-premise and vendor-hosted).
- Experience with contracts for AI (Artificial Intelligence).
- Experience negotiating pricing for software license renewals.
- Experience negotiating agreements on behalf of a highly regulated entity (financial services, healthcare).
- JD and/or sourcing certification.
What You Will Be Doing- Lead contract negotiations and manage supplier relationships of high risk or complexity with significant impact to the business strategy
- Manage suppliers and relationships from a life-cycle perspective with a focus on reducing cost or spend, increasing customer satisfaction, and maximizing business impact
- Establish e-business, procure-to-pay, environmental, and Strategic Sourcing cost reduction strategies to continually improve category effectiveness and efficiencies
- Customize legal contract language to proactively anticipate technology, market and business issues
- Control all aspects of negotiation and set negotiation strategy
- Support acquisitions including negotiation reassignment on high-risk contracts
- Participate in the review of closing agreements
- Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts with regard to such issues
- Educate Contract Analysts and business partners on risk issues and handle vendor disputes
- Provide direction and guidance to less experienced staff
- Partner with business units to issue and evaluate Request For Proposals and to ensure successful implementation of agreements
- Partner with business units to ensure standard contracts include corporate requirements
- Establish and maintain a good rapport with executive management, vendors, and third-party lessors or manufacturers to optimize negotiation, savings and service improvements and problem resolution
- Act as a focal point for coordinating sourcing efforts across business entities