Sourcing Analyst I-Sr

POSTING DEADLINE This position is posted until filled. DEPARTMENT Department: Sourcing JOB DESCRIPTION Sourcing Analyst I Salary Grade: G10 Minimum Midpoint Maximum $49,313 - $65,340 - $81,366 Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under direct supervision, completes the sourcing process for key commodities. Supports the sourcing and procurement processes. Assists with managing assigned projects and business unit collaboration. Assists with contract administration and review. Processes ordering information under existing contracts (purchase orders, assignments, contract terms etc) and PNMR services procurement systems. ESSENTIAL DUTIES AND RESPONSIBILITIES: Gathers information, researches company sourcing needs, supports negotiation strategies, develops financial analysis, and supports Senior Sourcing Analysts Learns purchasing systems and ensures that buying procedures and systems are followed Inputs purchasing data to ensure automated purchasing procedures Creates and utilizes blanket purchase orders and processes purchase requisitions via purchase order or change orders Solicits bids, contracts, data, and other information from supplier and inputs into supply chain (SC) systems Manages buyer functions on less complicated commodity categories Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis Tracks and documents changes from process related to automation or other efficiency drivers Maintains database information and updates internal sourcing information such as historical bids/quotes, commodity price monitoring, and supplier lists, etc Ensures that all record keeping systems work properly Prepares ad hoc reporting, real-time generation of standard and customized reports Assists on complex special projects and other assignments as directed COMPETENCIES: Knowledge of standardized sourcing practices and procedures Ability to prioritize, schedule, organize, focus on, and complete work QUALIFICATIONS MINIMUM EDUCATION AND/OR EXPERIENCE: Bachelor's degree in a related field with one to two years of related experience, or equivalent combination of education and/or experience related to the discipline. COMMUNICATION SKILLS: Ability to read, analyze, and interpret business periodicals, professional journals, financial reports, and legal documents Ability to write reports and business correspondence Advanced negotiation skills and ability to gain concessions without damaging relationships Ability to effectively present information to various groups COMPUTER SKILLS: Knowledge of word processing, spreadsheet, and presentation software Ability to work with financial systems ANALYSIS AND PROBLEM-SOLVING ABILITY: Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to apply common sense understanding to carry out detailed written or oral instructions. Ability to review financial and other business data, and to summarize that information for management. DECISION MAKING: Ability to make changes to reports and make recommendations to solve internal issues or problems. SCOPE AND IMPACT: Must ensure the accuracy of information, update company systems, and bring problems to resolution or the attention of supervisor. PHYSICAL DEMANDS: Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds. WORK ENVIRONMENT: Office environment. JOB DESCRIPTION Sourcing Analyst II Salary Grade: G08 Minimum Midpoint Maximum $61,035 - $80,872 - $100,709 Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under general supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts. ESSENTIAL DUTIES AND RESPONSIBILITIES: Manages key functions on less complicated commodity categories Develops and maintains sourcing strategies Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis Understands and standardizes company commodity needs Identifies and investigates all cost of ownership opportunities, including non-purchase price driven opportunities Manages the bid process and supports cost reduction activities and achieves annual improvement targets Develops and implements all supplier selection criteria and plans, chooses suppliers, negotiates and implements contracts, manages supplier performance Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness Ensures best in class supply chain management and procurement processes Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc COMPETENCIES: Knowledge of contracts and contract administration Demonstrated project management, financial analysis, and product costing skills Ability to think strategically and analytically Ability to demonstrate advanced interpersonal skills QUALIFICATIONS MINIMUM EDUCATION AND/OR EXPERIENCE: Bachelor's degree from four-year college or university in business administration, materials management, supply-chain management, or similar discipline, with two to three years of related experience, or equivalent combination of education and/or experience related to the discipline. CERTIFICATES, LICENSES, AND REGISTRATIONS: Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred. COMMUNICATION SKILLS: Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals Ability to write routine reports and correspondence Ability to speak effectively before groups of customers or employees of organization Advanced negotiation skills and ability to gain concessions without damaging relationships MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume Ability to apply concepts of basic algebra and geometry COMPUTER SKILLS: Knowledge of word processing, spreadsheet, and presentation software Ability to work with purchasing/eprocurement systems and process modeling applications ANALYSIS AND PROBLEM-SOLVING ABILITY: Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management. PHYSICAL DEMANDS: Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds. WORK ENVIRONMENT: Office environment. JOB DESCRIPTION Sourcing Analyst Sr Salary Grade: G06 Minimum Midpoint Maximum $78,537 - $106,024 - $133,511 Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under limited supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures, including but not limited to continuous process improvement. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts. ESSENTIAL DUTIES AND RESPONSIBILITIES: Ensures that the company follows the approved purchasing process Assists with opportunity assessment and prioritization of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis Develops and maintains sourcing strategies Understands and standardizes company commodity needs Manages the bid process and leads cost reduction activities and achieves annual improvement targets Develops and implements all supplier selection criteria and plans, chooses suppliers, leads negotiations, implements contracts, and manages supplier performance Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc Ensures best in class supply chain management and procurement processes including leading and auditing process improvement activities and automation initiatives Develop process documentation and manuals, process training documents and process training sessions Prepares RFI/RFQ/RFP process with requesting departments, evaluates proposals, selects bidders, manages the selection process, and prepares executive summaries Develops and manages business processes for web-based sourcing practices (Reverse Auction) Conducts formal business reviews with key suppliers to discuss performance on a regular basis. Advises client departments on procurement-related policies and procedures, including best practices regarding purchasing activities, tactics and contractual terms Develop and maintain contract management systems COMPETENCIES: Advanced knowledge of contracts and experience in contract negotiations Knowledge and experience with application of strategic sourcing best practices Demonstrated experience with contract negotiation Demonstrated project management and financial analysis skills Advanced interpersonal skills QUALIFICATIONS MINIMUM EDUCATION AND/OR EXPERIENCE: Bachelor's degree from a four-year college or university preferably in business administration, materials management, supply-chain management, or similar discipline, with five to seven years of related experience, or equivalent combination of education and/or experience related to the discipline. CERTIFICATES, LICENSES, AND REGISTRATIONS: Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred. COMMUNICATION SKILLS: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form Ability to write reports business correspondence, and procedure manuals Ability to speak effectively before various groups Advanced negotiation skills and ability to gain concessions without damaging relationships MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume Ability to apply concepts of basic algebra and geometry COMPUTER SKILLS: Knowledge of word processing, spreadsheet, and presentation software Ability to work with purchasing/eprocurement systems and process modeling applications ANALYSIS AND PROBLEM-SOLVING ABILITY: Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management. PHYSICAL DEMANDS: Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds. WORK ENVIRONMENT: Office environment. SAFETY AND ADA STATEMENT Safety Statement: Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm. Americans with Disabilities Act (ADA) Statement: If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at View phone number on click.appcast.io.