Strategic Sourcing Analyst

Are you a Strategic Sourcing Analyst who is looking to join one of the top companies within the Banking Industry?

Are you looking to further your career and grow?

Do you have experience in supplier contracts and project managing multiple initiatives simultaneously?

If you answered yes to those three questions, then apply today!

Acara Solutions is seeking highly qualified candidates to work Hybrid with our client in Buffalo, NY. Interested?

Here's what you'd do:

• Works with business and support units to help source suitable vendors at the best price to meet requirements.
• Carries out the Strategic Sourcing process designed to maximize competition and leverage when selecting and contracting with chosen vendors.
• Negotiates contracts generally up to $1 m in value.
• For sourcing initiatives, work with management to identify an Executive Sponsor and a cross-functional project team to ensure appropriate buy-in, support, and participation throughout the project.
• Guide the Project Team through the Strategic Sourcing process and keep the Executive Sponsor and relevant senior managers informed of progress, setbacks, and obstacles.
• I will lead a kick-off meeting with the Project Team to clarify the sourcing initiative's objectives, strategy, and proposed timeline.
• Develop and execute Requests for Proposals (RFPs), Requests for Quotes (RFQs), and Requests for Information (RFIs) based on identified business needs, market conditions, and corporate standards.
• Facilitate analysis, evaluation, and scoring of vendor proposals against criteria established and agreed on by the team.
• Conduct multiple rounds of bids and coordinate activities such as vendor demonstrations, reference calls and on-site visits to short-list vendors.
• Lead contract negotiations in conjunction with the Project Team and Legal to ensure we obtain the most competitive pricing and favorable terms possible.
• Prepare sufficient documentation to inform Executive Sponsor and senior managers of recommendations and results of the sourcing initiative, including any achieved savings, customer implications and impacts to business operations.
• Guide business and support units through the Third-Party Risk Management Program in conjunction with the Third-Party Risk Management team to ensure selected vendors are properly risk tiered, vetted and approved before executing a contract.
• Research and analyze procurement trend data at the client and recommend savings opportunities to associated business lines ad support functions.
• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports diversity and reflects the client brand.
• Maintain client internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.
• Strategic Sourcing is a structured process for selecting the most suitable vendors at the best price.
• Strategic Sourcing includes a six step process that ensures we are maximizing competition and leverage when choosing vendors.
• As such, this position plays an important role in controlling expense and mitigating risk at the client.
• The position is responsible for ensuring contracts are papered properly, deals are well-documented and the client receives the best value or each dollar spent.

Here's what you'll get:

Pay: $24.76 - $41.27 / hr.

Hours: 40 hrs/Week.

Length: Contract (6 Months).

Sound like a good fit?

APPLY TODAY

About Acara Solutions

Acara is a premier recruiting and workforce solutions provider-we help companies compete for talent. With a legacy of experience in various industries worldwide, we partner with clients, listen to their needs, and customize visionary talent solutions that drive desired business outcomes. We leverage decades of experience to deliver contingent staffing, direct placement, executive search, and workforce services worldwide.

• High School Diploma or GED.
• Minimum of 2 years experience in supplier contracts and project managing multiple initiatives simultaneously.

Additional Information:

• Upon offer of employment, the individual will be subject to a background check and a drug screen.
• In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.