Sourcing Manager (Contract Negotiator)

Responsibility Summary The Sourcing Manager is an individual contributor responsible for negotiating supplier contracts on behalf of business units, with a primary focus on medium‑to‑high value and moderately complex sourcing initiatives. This role primarily supports professional services efforts across the firm, including contingent workforce, delivery and implementation work, consulting, managed services, and business process outsourcing. Responsibilities Contribute to the department goal of $100M in savings and cost avoidance. Lead multiple, concurrent sourcing initiatives including strategy, supplier selection, market intelligence, and contract execution. Lead the negotiation of complex commercial and contractual terms with executives and legal representatives. Direct senior leaders toward the best purchasing decision by balancing solution cost with business requirements. Support talent development of the sourcing team by mentoring buyers and sourcing specialists and sharing knowledge and best practices across divisions. Execute on defined objectives aligned to sourcing strategies through the development and distribution of RFx’s (RFI, RFQ, RFP), vendor communication, development of vendor selection criteria, and collaboration with cross‑functional teams including business owners and legal. Maintain accurate records and data within the contract management system and other related sourcing tools. Use procurement tools and systems to create operational efficiency and visibility across the enterprise. Identify and pursue ad hoc opportunities to reduce product/service costs and support operational improvement initiatives. Assess pricing using analytics and benchmarking to ensure competitive outcomes. Develop strong relationships with business partners to ensure early visibility into upcoming sourcing needs. Champion process improvements and provide feedback on impact. Qualifications Bachelor's degree required; master’s degree in business, law, information systems, or supply chain management preferred. Minimum of eight years related work experience, preferably involving negotiation and contracts. Understanding of supply chain management concepts and procedures. Knowledge of legal, contracting, and third‑party risk environments. Ability to communicate complex cost models, risk, and business concepts at executive levels. Strong people and project management skills; ability to influence without authority. Demonstrated ability to collaborate across divisions and communicate upward effectively. Problem Solving Ability to collaborate with leadership to understand strategic impact and assess risk, independently close negotiations with optimal outcomes, interpret legal documents, develop creative solutions, and provide guidance to junior team members when complex issues arise. Decision Making High level of autonomy in managing sourcing initiatives. Responsible for strategic decisions impacting firm earnings, balancing business needs with legal and regulatory risk, and leading multiple initiatives concurrently. Span of Influence Influences supplier and product recommendations impacting the entire firm, including branch offices. Acts as a subject matter expert, consulting on contract formation and negotiation strategy, and regularly interacts with senior leaders, legal, and supplier executives. Location Candidates that live within a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office four days per week. Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law. #J-18808-Ljbffr Edward Jones