Sourcing Specialist

2 weeks ago

Washington, United States CoStar Group, Inc. Full time
Procure-to-Pay Analyst

Job Overview

COMPANY INTRODUCTION: CoStar Group (NASDAQ: CSGP) stands as a premier global provider of commercial and residential real estate data, analytics, and online marketplaces. As a member of the S&P 500 Index and the NASDAQ 100, CoStar Group is dedicated to transforming the real estate landscape, enabling individuals and businesses to discover properties, insights, and connections that enhance their operations and lives. With over 35 years of experience in real estate information and online marketplaces, we offer unique and valuable solutions to our clients.

ROLE SUMMARY: At CoStar Group, we have unified traditional Procurement and Accounts Payable functions into a cohesive Procure-to-Pay (P2P) organization to facilitate a seamless, end-to-end process workflow. We are currently in search of a Sourcing Lead to contribute to our efforts in our Washington, DC headquarters. The Sourcing Lead will collaborate with P2P leadership to formulate the company's global sourcing strategy and broaden our supplier network.

KEY RESPONSIBILITIES:

  1. Assess vendors, analyze proposals, and negotiate pricing and terms for goods and services acquired.
  2. Facilitate and oversee the sourcing process in conjunction with legal and internal stakeholders: identify local/global supply requirements, initiate and manage all RFX processes, tender, and negotiate business terms and pricing with suppliers.
  3. Encourage early involvement in the procure-to-pay process and proactively engage in cost-saving initiatives.
  4. Establish and maintain a supplier database within the Oracle Cloud ERP system, collaborating closely with the Financial Systems team on updates or issues.
  5. Assist business owners in the creation of purchase orders, non-Catalog forms, and internal catalogs, ensuring alignment with contracts or specific procurement activities.
  6. Accountable for savings and KPI achievements and their reporting.
  7. Stay informed about trends in assigned categories, market conditions, and other opportunities to leverage during negotiations.

BASIC QUALIFICATIONS:

  1. Bachelor's degree from an accredited, non-profit university or college is required.
  2. 5+ years of experience in indirect or direct spend, with exposure to various categories and multiple purchasing platforms.
  3. 2+ years of experience with ERP systems, preferably Oracle Fusion.
  4. 2+ years of understanding of procure-to-pay principles, processes, and cost analysis methodologies.
  5. 2+ years of negotiation experience or education, with a solid background in supplier management.
  6. Demonstrated relationship-building and problem-solving skills, with a keen attention to detail and the ability to prioritize effectively.
  7. Highly proficient in Microsoft Office, Syndicated Media Research tools, and presentation software.

PREFERRED QUALIFICATIONS AND SKILLS:

  1. Strong focus on customer service.
  2. Ability to work collaboratively within a team and independently.
  3. Capability to work across various departments and spend categories.
  4. Experience in one of the following indirect spend categories is preferred: technology, marketing, facilities, and construction.

WHAT WE OFFER: At CoStar Group, you will experience a culture of collaboration and innovation that attracts top talent across diverse disciplines. Our benefits package includes comprehensive healthcare coverage, a 401(K) retirement plan with matching contributions, an employee stock purchase plan, and tuition reimbursement.

We welcome all qualified candidates who are eligible to work full-time in the United States to apply. However, please note that CoStar is unable to provide visa sponsorship for this position.

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and conduct pre-employment substance abuse testing.

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