Procurement Specialist, Technology

What you'll do Manage technology spend categories such as software, SaaS, hardware, telecom, networking, infrastructure, cloud, labor, and managed services suppliers. Creates and manages category strategies, negotiations, RFPs, and contracts Creates, negotiates, implements and manages long term contracts while effectively developing and promoting strategic partnerships with suppliers Works closely with internal Morningstar clients and stakeholders to understand their business needs, objectives, product/service requirements and the broader operational processes Effectively communicates with appropriate management levels both internally and externally Identifies opportunities for improvement and makes constructive suggestions for change Manage the full supplier lifecycle, including sourcing, procurement, negotiations, contract management, and supplier performance evaluation. Develop, implement, and track comprehensive category strategies grounded in deep market analysis and aligned with company and stakeholder priorities; deliver measurable year-over-year cost reductions and working capital improvements. Conduct supplier spend, forecasting, and consumption analytics in partnership with Finance to identify sourcing optimization opportunities, contract consolidation opportunities, and measurable cost savings initiatives. Research and interpret the technology marketplace to understand supplier and market characteristics, identify sourcing trends, and uncover new opportunities for value creation. Lead Quarterly Business Reviews focused on SLAs to drive supplier accountability, proactively identify improvement opportunities, and monitor progress throughout the contractual period. Manage supplier performance by addressing conflict resolution, escalation, and resolution procedures promptly and effectively, ensuring issues are resolved and continuous improvement is maintained. Partner with Legal and Sourcing/Procurement teams throughout the supplier lifecycle to ensure robust contract operations and governance. Build strong partnerships and engagement with both existing and new strategic suppliers to enable high-quality, efficient support for internal stakeholders and business units. Champion continuous improvement initiatives to enhance quality, efficiency, and cost savings across all sourcing activities. Minimum Qualifications- Education & Prior Job Experience Bachelor’s degree in relevant field 3+ years related work experience in Supply Chain, Finance, Economics, Business Administration, Computer Science, Information Systems Management, or another related field Preferred Qualifications- Education & Prior Job Experience Degree in Procurement, Supply Chain, Business Administration, Business Management, Finance, Accounting, or another related field 5+ years related work experience in Technology Procurement, Technology role or another related field Knowledge of Source to Pay systems, such as Coupa Strong project management and procurement workflow management skills across Source-to-Pay platforms such as ServiceNow and Coupa Supplier Risk Analysis and Supplier Relationship Management Skills, Licenses & Certifications Skilled in Microsoft Office (e.g. Word, Excel, PowerPoint) A potential team leader with strong communication skills Understanding of supply chain concepts, with work experience applying those concepts Strong negotiating and influencing skills Self-directed and resourceful with the ability to handle multiple, simultaneous tasks with exhibited follow through and initiative Strong business and financial acumen, including project management, total cost management, budgeting, forecasting, savings realization, and supplier financial analysis Experience leveraging reporting and analytical tools to support forecasting, procurement operations, supplier performance management, and continuous process improvement Previous experience with Source to Pay systems, such as Coupa Advanced Excel skills, including spend analysis, forecasting, budgeting support, savings tracking, and supplier financial analysis High ethical standard Compensation and Benefits At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide: Financial Health 100% 401k match up to 6% of salary Stock Ownership Potential Company provided life insurance - 1x salary + commission Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disability insurance Emotional Health Trust-Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups Total Cash Compensation Range $74,325.00-109,008.33 Inclusive of annual base salary and target incentive Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues. 001_MstarInc Morningstar Inc. Legal Entity How to Apply for a Job at Morningstar Step 1 When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please. Step 2 You will receive an email notification to confirm that we've received your application. Step 3 If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position. Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call View phone number on click.appcast.io or email View email address on click.appcast.io and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message. US Applicants: Morningstar is an E-Verify program participant. Learn more: This Organization Participates in E-Verify (English) This Organization Participates in E-Verify (Spanish) Right to Work (English) Right to Work (Spanish) EEO is the Law Pay Transparency Notice Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.