Sourcing Manager recruitment
Primary tasks include but are not limited to:
Draft contractual terms and conditions to ensure optimal contractual arrangements and best practices are achieved.
Act as a project manager within the sourcing scope to ensure that all necessary internal parties participate as necessary to ensure comprehensive agreements are executed in a timely manner.
Manage the logistics of contract execution from initial contact with internal client through execution and post-execution governance process.
Assist in development of local procedures
Assist in local implementation of global sourcing policies and procedures
Supplier Rationalization: Reduce cost, increase quality, and improve service by reducing number of suppliers and consolidating purchasing power
Client relationship: Ensure that objectives of key company stakeholders/customers are met.
Vendor relationship: Develop professional relationships with existing suppliers and manage related activities and proactively seek new/alternate sources of supply
Benchmarking: Independently gather and analyze market/financial data from internal and external sources in order to effectively manage assigned commodity area
RFx: Develop, issue, manage and analyze supplier proposals. Work with internal clients to guide selection of successful bidders.
Coordinate and participate in Global/Regional/Local negotiations which directly impact firm profitability and operational activities.
Position Purpose / Context
Staff position supporting Front Office, Technology and other disciplines by the negotiation, execution and governance of relevant agreements, including vendor and client relationships
Volume of contracts executed annually 50 – 75, 25% of total department volume
Associated annual spend: 15-25% of total volume: $25MM
Communication and collaboration with global peers, leveraging local and global experience and relationships.
Capabilities - Required Qualification
Competencies
Required:
Proficiency in English and understanding US law and business environment
Organizational ability to manage and prioritize multiple actions at the same time
- Results orientation
- Client focus, Customer service, Relationship building
- Team player
Desired/ Plus:
Presentation skills
Technical skills
Required:
Extensive experience with supplier relationships and knowledge of the sourcing process.
Proficiency in contract negotiations and drafting US commercial agreements (Legal background is not required)
Excellent analytical and strategic skills.
Word, Excel and PowerPoint
Prior Work experience
Required:
o8+ years in sourcing multiple commodities
Desired/ Plus:
o3+ years in Financial services
Education
Required:
oBS in business, technology or sciences
Desired/ Plus:
oProject management
oMBA
oSix sigma knowledge
Languages
Required:
oEnglish