Senior Sourcing Advisor

3 days Onsite-hybrid: in Chicago onlySalary $143KStrategic Sourcing Senior Advisor – ProcurementJob Purpose:This Position Is Responsible for Identifying, Developing And Executing Sourcing Strategies For The Most Cost Effective Pricing And Best Service for Professional Services (IT Consulting and IT Managed Services). Senior Advisor will also be responsible for building relationships with key executive stakeholders, managing escalations independently, understanding Business pipeline and forecast and providing a strategic plan for streamlining vendors while becoming a Subject Matter Expert for the appointed category. Training And Mentoring Junior Team Members and Implementing The Identified Opportunities Directly Alongside Senior Management.Senior Advisor is responsible for participating in and supporting the design and implementation of strategic sourcing activities (RFPs, RFIs, Market Scans, Category Management) for appointed category; participating in the strategic sourcing process by partnering with Business stakeholders to define specifications and requirements, leading, conducting internal and external data & pricing analysis, and providing recommendations based on analysis. Senior Advisor should be able to independently analyze Industry Markets And assess risk, gather intelligence on fundamental conditions, and technical Information that affects the category. Senior Advisor will also be responsible for contract negotiations, contract compliance and category management / roadmap.Senior Advisors are expected to have excellent project management and time efficiency skills as they will be managing several sourcing projects and contracts at a given time along with multiple vendors and internal stakeholders. Senior Advisor should be able to identify and develop cost reduction opportunities while maximizing benefit to the business.Senior Advisor should be comfortable speaking and delivering presentations to internal business teams for RFx s as well as having excellent business acumen.As a Senior Advisor you will Product a vast knowledge of the inner workings and operations for one of the largest healthcare plans in North America. Successful candidates should have a strong desire of learning about the healthcare industry.Required Job Qualifications:* Bachelor’s degree in Supply Chain, Business or Finance, or 7-9 years of relevant experience* Demonstrated thought leadership* Perform Category management*Ability to build strategic relationship with senior-level colleagues* Experience with conducting wide-ranging research.* Analytical skills to support and enhance procurement strategy and goals.* Ability to function in ambiguous and/or time-sensitive situations.* Clear, concise, and confident interpersonal, verbal and written communication skills.* Knowledge and skills to participate and be effective in contract negotiations with industry suppliers.* Strong multitasking capabilities* Knowledge of strategic sourcing principles.* Experience in project management and contract negotiation.* Experience developing presentations and presenting to management and other internal groups.* Effective Negotiating skills to reduce supplier base and to negotiate beneficial contracts* Clear, concise, and confident interpersonal, verbal and written communication skills.* 6-8 years of experience in a relevant area (procurement, supply chain, or finance)* Effective, proven negotiation skills, experience rationalizing supplier base and negotiating beneficial contracts.* Strong relationship management capabilities with internal and external stakeholders* Strong Drive and interpersonal skills to manage multiple escalations internally/externallyKnowledge of strategic sourcing best practices* Experience in a procurement function, including with contract management activities PC proficiency to include Word, Excel, PowerPointPreferred Job Qualifications:* Knowledge of Client organization.* Knowledge of Professional Services categories such as Consulting or IT Consulting/IT Services* Knowledge of Insurance industry* Bachelors degree in Supply Chain Management