Sourcing & Procurement Specialist

Our Financial Services client located in Midtown New York City is seeking an associate-level Sourcing Procurement Specialist for a long-term contract. This position is hybrid, onsite 4 days a week in NYC . Local candidates only/NO Relocation.

Candidates must be able to work on our W2 without sponsorship - NO THIRD PARTIES, please.

Essential Duties:

• Assist Head of Sourcing & Procurement with commercial negotiations of Statement of Work (SOW’s) for all categories. This includes but is not limited to Technology, Data Management and Business Operations
• Responsible for commercial negotiations that lead to targeted Hard Savings or Cost avoidance goals and objectives for the firm
• Plan and execute effective category-level strategies and define negotiation strategies based on innovative cost models with vendors. Analyze category data and metrics to drive Procurement category strategies
• Engage with cross-functional internal teams, including needs analysis, market analysis, competitive intelligences, RFI and RFP development that lead to best overall results for the firm.
• Negotiate essential terms and conditions on MSA or SAAS related agreements. Help facilitate the process of red-lines with legal. Coordinate additions, deletions, and modifications to agreements
• Perform cost analyses for products and services based on historical and future demand, enabling fact-based negotiations with suppliers to optimize value and efficiency
• Cultivate close, influential, strategic partnerships with key internal and external stakeholders; drive executive leadership alignment
• Work to execute global procurement strategies focused on maximizing efficiencies and delivering value to business stakeholders across the firm
• Assist in integrating to unify procurement processes and systems for the firm on a global basis

Required Qualifications:

• 5+ years of relevant experience working in sourcing/procurement and experience in sourcing and procurement methodologies on a global level
• Bachelor’s Degree from an accredited university or equivalent combination of education and experience; preferred major in Supply Chain Management or Finance
• Track record of success in procurement/supply vendor selection and oversight; expertise in skillfully negotiating contracts with a variety of suppliers
• Experience working with Procurement systems
• Good working knowledge of legal and contracting requirements
• Ability to understand and analyze financial data to support source selection decisions
• Knowledge of strategic sourcing, contract negotiation and management, supplier performance and relationship management, inventory management and category management

Professional Skills Qualifications:

• Ability to develop strong working relationships with internal clients and suppliers
• Excellent verbal and written communication skills to various levels in the organization
• Excellent problem-solving, team, and time management skills in managing multiple deadlines for self and others. Ability to drive acceptance of procurement strategy and policies
• Strong interpersonal skills and ability to work cohesively with cross-functional teams