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Sourcing Specialist

Cypress HCM

Duration: 09/14/2026 - 11/30/2027 (Contract) Team: GS2P US Job Details Sourcing Specialist Location: Lehi, UT 84043 (Hybrid) Duration: 09/14/2026 - 11/30/2027 (Contract) Team: GS2P US Job Description Support Global Strategic Sourcing with primary focus on Employee Benefits and additional responsibility for Executive and Non-Executive Recruiting categories. Partner with category managers, HR, Total Rewards, Talent Acquisition, and Benefits teams to drive strategic sourcing, supplier optimization, and contract negotiations. Ideal for a sourcing professional experienced in benefits- and talent-related vendor sourcing in a fast-paced, collaborative environment. Responsibilities Lead and support medium- to high-complexity sourcing events across assigned categories including health and welfare plans, retirement and financial wellness programs, insurance brokerage and administration, wellbeing initiatives, executive and non-executive recruiting/staffing services, and other benefits- and talent-related vendors. Conduct supplier and market research to identify qualified benefits carriers, brokers, TPAs, executive search firms, and staffing/recruiting agencies; assess capabilities and support category strategy development. Manage end-to-end Source-to-Contract lifecycle including RFx execution, bid analysis, supplier selection, and contract negotiation. Evaluate supplier, carrier, and search firm proposals; perform pricing and cost-model analyses (including renewal/rate analysis and fee structures such as contingency, retained, and RPO models); develop data-driven recommendations for HR, Total Rewards, and Talent Acquisition partners. Negotiate master service agreements, statements of work, administrative services agreements, and amendments in partnership with Legal and internal stakeholders. Track, measure, and report sourcing outcomes including cost savings, service improvements, and vendor/carrier/agency performance metrics. Support ongoing supplier, carrier, and agency management activities including regular business reviews, renewal cycles, and performance monitoring. Qualifications 3+ years of experience in strategic sourcing, procurement, or a related function, preferably with exposure to employee benefits, health and welfare, insurance, HR-related services, or talent acquisition/recruiting. Working knowledge of Source-to-Contract (S2C) processes and RFx execution. Strong analytical skills with ability to interpret commercial proposals, evaluate cost structures (including plan rates, renewals, and search/staffing fee models), and develop insights to influence decision-making. Experience collaborating with cross-functional partners, particularly HR, Total Rewards, Talent Acquisition, and Legal. Ability to manage multiple sourcing projects simultaneously while maintaining accuracy and attention to detail. Preferred Qualifications Exposure to global benefits and/or talent acquisition sourcing environments and matrixed organizations. Familiarity with sustainability or workplace-wellbeing initiatives as they relate to supplier selection and benefits design. Familiarity with executive search or staffing agency fee structures and market dynamics. Comfort with using AI-forward tools to improve productivity and sourcing outcomes. Compensation Pay Rate: $44.37/hour #J-18808-Ljbffr

Vacancy posted more than 2 months ago

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