Strategic Sourcing Analyst

Description


Job Title: Strategic Sourcing Analyst Location: Buffalo, NY Employment Type: Contract (6 months) Industry: Banking Compensation: Up to $40/hr. **Based on experience Schedule: 40 hrs/Week. About the Opportunity:

• Works with business and support units to help source suitable vendors at the best price to meet requirements.
• Carries out the Strategic Sourcing process designed to maximize competition and leverage when selecting and contracting with chosen vendors.
• Negotiates contracts generally up to $1 m in value.
• For sourcing initiatives, work with management to identify an Executive Sponsor and a cross-functional project team to ensure appropriate buy-in, support, and participation throughout the project.
• Guide the Project Team through the Strategic Sourcing process and keep the Executive Sponsor and relevant senior managers informed of progress, setbacks, and obstacles.
• I will lead a kick-off meeting with the Project Team to clarify the sourcing initiative's objectives, strategy, and proposed timeline.

Why You'll Love Working Here:

• Supportive, team-driven culture that values collaboration, transparency, and accountability.
• Opportunity to grow your career with a global workforce solutions leader serving multiple industries.
• People-first environment that encourages employees to bring their authentic selves to work.
• Strong focus on partnership, innovation, and delivering meaningful results for clients and candidates.

Why This Opportunity is Exciting: This role offers the opportunity to join a company that prioritizes both people and performance-where your contributions directly impact client success while providing you with room to grow and develop professionally. About Acara Solutions Acara is a premier recruiting and workforce solutions provider- we help companies compete for talent. With experience across industries worldwide, we partner with clients, listen to their needs, and design talent solutions that deliver the business outcomes they want. We draw on decades of experience to provide contingent staffing, direct placement, executive search, and workforce services worldwide. Sound like a good fit? APPLY TODAY What You'll Do:

• Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs), and Requests for Information (RFIs) based on identified business needs, market conditions, and corporate standards.
• Facilitate analysis, evaluation, and scoring of vendor proposals against criteria established and agreed on by the team.
• Conduct multiple rounds of bids and coordinate activities such as vendor demonstrations, reference calls and on-site visits to short-list vendors.
• Lead contract negotiations in conjunction with the Project Team and Legal to ensure we obtain the most competitive pricing and favorable terms possible.
• Prepare sufficient documentation to inform Executive Sponsor and senior managers of recommendations and results of the sourcing initiative, including any achieved savings, customer implications and impacts to business operations.
• Guide business and support units through the Third-Party Risk Management Program in conjunction with the Third-Party Risk Management team to ensure selected vendors are properly risk tiered, vetted and approved before executing a contract.
• Research and analyze procurement trend data at the client and recommend savings opportunities to associated business lines ad support functions.
• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports diversity and reflects the client brand.
• Maintain client internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.
• Strategic Sourcing is a structured process for selecting the most suitable vendors at the best price.
• Strategic Sourcing includes a six step process that ensures we are maximizing competition and leverage when choosing vendors.
• As such, this position plays an important role in controlling expense and mitigating risk at the client.
• The position is responsible for ensuring contracts are papered properly, deals are well-documented and the client receives the best value or each dollar spent.

Job Requirements

What You'll Bring:

• High School Diploma or GED.
• Minimum 1+ year of experience in leading strategic sourcing initiatives and managing vendor selection processes.

What Sets You Apart:

• Negotiation.
• Contract Expertise.
• Collaboration.

Additional Information:

• Upon offer of employment, the individual will be subject to a background check.

After you apply, you may receive a call or message from our AI Talent Scout about this role or other opportunities that match your skills and preferences. AI agent role is to help speed up your hiring process by answering questions, confirming basic information, and identifying whether there's a mutual fit.
The call or chat may be recorded so that our recruiting team can review it - they make all final hiring decisions, while AI agent simply helps move you forward faster. The best part? They are available 24/7, so you can connect whenever it's convenient for you.
By applying for this job, you agree to receive calls, AI-generated calls, text messages, or emails from Acara Solutions and its affiliates, and contracted partners. Frequency varies for text messages. Message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You can reply STOP to cancel and HELP for help. You can access our privacy policy at Website Privacy Policy | Acara
Aleron companies (Acara Solutions, Aleron Shared Resources, Broadleaf Results, Lume Strategies, TalentRise, Viaduct) are an Equal Opportunity Employer. Race/Color/Gender/Religion/National Origin/Disability/Veteran.
Applicants for this position must be legally authorized to work in the United States. This position does not meet the employment requirements for individuals with F-1 OPT STEM work authorization status.


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