Senior Sourcing Analyst IT Procurement

Senior Analyst, IT Strategic Sourcing & Category Management

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary

CVS Health's Enterprise Procurement department, a key function within the company's Global Business Services organization, is in search of a Senior Analyst to join the IT Strategic Sourcing & Category Management team. In this role, you will be responsible for leading the execution of complex, high-impact RFx events for indirect products and services within the software, infrastructure, Cloud/SaaS and Healthcare Platform categories.

In addition to managing large sourcing events, this role will also be responsible for supporting the Category Managers and Lead Director with category strategy and pipeline development. This role reports directly to the Lead Director IT Strategic Sourcing & Category Management, and will work in a team environment that provides support and guidance to ensure that Enterprise Procurement is effectively serving its internal stakeholders.

The Strategic Sourcing team manages over $10B in annual indirect spend across a range of IT and non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Senior Analyst on the Sourcing team, you should have an enterprise mindset, possess an entrepreneurial self-starting mentality, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders.

Key Responsibilities:

• Execute and lead a variety of complex, high-value, high visibility sourcing events in support of category
• Support development of category plans, pipeline, and other category materials
• Manage expiring contract process to support pipeline development for category
• Work with Sourcing Category Managers to develop the strategy and approach for each RFx event
• Organize and lead effective meetings with internal stakeholders and external suppliers
• As appropriate, delegate RFx events and tasks to Sourcing Analysts and provide guidance to ensure successful execution
• Conduct market research that supports negotiation strategies and award decisions for each sourcing event
• Compile scope of work and requirements, analyze and evaluate vendor proposals, and negotiate final commercial terms
• Develop and confidently present analysis - both quantitative and qualitative - to Procurement and Business leadership to obtain approval to award business
• Effectively communicate and demonstrate Strategic Sourcing's value proposition to internal business partners/stakeholders

This role will ideally be a hybrid position based out of Hartford, CT, Cumberland, RI, Buffalo Grove, IL, and candidates within a commutable distance to one of these locations will be required to be in office Tuesday and Wednesday weekly and at least 2 Thursdays per month.

Required Qualifications:

• 3-5 years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, or Project Management
• Ability to travel up to 15% for supplier presentations, site visits, and key department meetings at RI Headquarters (no more than quarterly)
• Possess a strong business acumen and high level of problem solving and critical thinking skills
• Excellent verbal communication and interpersonal skills, with an ability to confidently and expertly interact with internal and external stakeholders
• Strong analytical ability, strategic thinker, learn and process new information quickly
• Ability to quickly capture, analyze, and summarize large data sets
• Strong organization and project management skills
• Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
• Intellectually curious, eager to gain new experiences, qualifications, and responsibilities
• Negotiation Skills / Experience
• Experience with electronic sourcing platforms, such as Ariba e-Sourcing, etc.

Preferred Qualifications:

• Vendor Management / Consolidation Experience
• MBA - Master's Degree in a related field of study is a plus

Education:

Bachelor's degree required. Preferably a major related to Management, Business, Economics, Supply-Chain, Finance, Accounting.

Anticipated Weekly Hours 40

Time Type Full time

Pay Range

The typical pay range for this role is: $46,988.00 - $112,200.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

We anticipate the application window for this opening will close on: 07/18/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.