Strategic Sourcing Analyst

Found in: Appcast Linkedin GBL C2 - 3 weeks ago


Buffalo, United States Bayforce Full time

The Strategic Sourcing Analyst will play a key role in optimizing vendor selection and contracting processes to ensure competitive rates and optimal value. Working closely with business and support units, the Analyst will execute the Strategic Sourcing process, managing contracts typically valued between $1m and $10m.


Responsibilities:

  • Collaborate with business and support units to identify vendor requirements and secure optimal vendors at competitive rates.
  • Lead cross-functional project teams for major sourcing initiatives, ensuring alignment, and support from stakeholders.
  • Develop and manage Requests for Proposals (RFPs), Requests for Quotes (RFQs), and/or Requests for Information (RFIs) to facilitate vendor evaluations and negotiations.
  • Document sourcing recommendations and outcomes, highlighting achieved savings and operational impacts for review by executive management.
  • Support business units in navigating Third-Party Risk Management Program to ensure vendor compliance and approval prior to contract execution.
  • Analyze procurement trends and recommend cost-saving opportunities to relevant stakeholders.
  • Ensure compliance with internal control standards, regulatory requirements, and address audit findings promptly.


Requirements:

  • Bachelor's degree and at least 2 years of demonstrated financial and/or business experience. Alternatively, a total of 6 years of higher education and/or work experience, including a minimum of 2 years of proven financial and/or business experience.
  • Proficiency in personal computers, relevant mainframe systems, and procurement software. Strong skills in spreadsheet, presentation, and database tools.
  • Strong verbal and written communication skills, with experience interacting across all levels of management.
  • Demonstrated ability in writing Requests for Proposals (RFPs) and negotiating contracts.


Preferred:

  • MBA (Master's in Business Administration) and a minimum of 3 years of proven financial and/or business experience.
  • General familiarity with the Bank's Accounts Payable process and general ledger is a plus.


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