Sourcing Analyst

5 days ago

Chicago, IL, United States Insight Global Full time

Title: Sourcing Analyst

Duration: 6 Month Contract to Hire

Location: Chicago, IL (Hybrid)

Pay Range: $53,000 - $70,000

Job Summary:

The Sourcing Analyst is an entry level role supporting the sourcing team by assisting with supplier research, data analysis, preparation and issuing competitive bids, and negotiating / administering supplier contracts. The ideal candidate is detail-oriented, analytical, organized, ability to handle multiple tasks at the same time. This position is located in our Chicago office, hybrid schedule

Key Responsibilities:

Contract Management

  • Draft, review, and manage supplier contracts, amendments, and renewals in coordination with Legal, Information Security, Privacy and Stakeholders.
  • Review contracts terms and conditions, service levels, and pricing agreements provide redlines and updates as needed.
  • Track contract expiration dates and proactively initiate renewal or pre-sourcing activities.
  • Maintain contract database, ensuring accuracy, completeness of contract entries into Kemper's contract tool.
  • Assist in resolving contract-related questions or issues with vendors.

Sourcing Support

  • Help prepare and issue Requests for Information (RFI), Requests for Quotation (RFQ), and Requests for Proposal (RFP).
  • Coordinate sourcing activities low to medium complexity proposals (RFPs),
  • Collect and organize bid responses and assist in comparing supplier offers.
  • Support negotiations by gathering cost and spend data for analysis.
  • Coordinate with internal stakeholders to clarify requirements and specifications.
  • Compile and analyze spend data to identify trends and potential cost-saving opportunities.

Supplier & Market Research

  • Research potential suppliers and gather data on pricing, product availability, and market trends.
  • Support the development of supplier databases and maintain accurate supplier information.
  • Assist in evaluating vendor capabilities and performance.

Qualifications:

  • Bachelor's degree in Supply Chain Management, Business, Finance, Economics, or a related field (or equivalent experience).
  • 1-3 years of experience in sourcing, procurement, or contract support
  • Understanding of sourcing, negotiation and contract processes
  • Basic understanding of procurement or sourcing principles is a plus.
  • Familiarity with e-sourcing and contract management tools. (e.g., Coupa, SAP Ariba, Oracle, or similar).
  • Certification in procurement or supply chain (e.g., CPSM, CIPS), a plus

Skills & Competencies

  • Strong analytical and problem-solving skills with attention to detail.
  • Excellent organizational, time management, and multitasking abilities.
  • Excellent written and verbal communication skills.
  • High attention to detail and accuracy.
  • Ability to work collaboratively in a team environment.
  • Proficiency in Microsoft Excel and data analysis tools.

Key Competencies:

  • Strategic Sourcing
  • Financial Acumen
  • Problem-Solving
  • Cross-Functional Collaboration
  • Analytical Thinking
  • Attention to Detail

The range for this position is $53000 to $70000. When determining candidate offers, we consider experience, skills, education, certifications, and geographic location among other factors. This job is eligible for benefits (Medical, Dental, Vision, PTO, 401k, etc.).

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