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Lead Sourcing Consultant (Contracts/Financial Services)
KP Recruiting Group Minneapolis, MN
$123k-159k (estimate)
Full Time | Business Services 4 Months Ago
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KP Recruiting Group is Hiring a Lead Sourcing Consultant (Contracts/Financial Services) Near Minneapolis, MN

KP Recruiting Group is a consulting firm that providesleadership and exceptional talent to some of the world’s leading companies.Headquartered in the Midwest, KP Recruiting Group has successfully completedcountless engagements in the United States, Europe and Latin America. Werepresent clients in all industries and all sizes. Our mission is to provideexceptional client and candidate experiences in order to get the best possibleresults. On behalf of our client, we are excited to present the following confidentialrole. We look forward to hearing from you and discussing the opportunity!

The Role:

Our client is seeking a LeadSourcing Consultant who will be responsible for leading and managing spendcategories, developing strategic sourcing strategies for complex engagements,and leading both supplier selection and contract negotiations for high-risk andhighly complex products and/or services, that have significant strategicbusiness impacts


In this role, you will:

Be accountable for deliveringcategory expense savings/avoidances, and drafting customized contract terms toproactively address business requirements and risk concerns.
Proactively identifiesand escalates contract risk-related issues, and identifies and createsalternative contract language to mitigate risks (financial, operational, andreputational) when negotiating Master Agreements, Transaction Documents (e.g.Statement of Work or Schedule), Amendments and other contractual documents.
Works with keystakeholders (senior leaders) across the LOB or enterprise to determine thelong-term needs and applicable supply/service strategies.
Work with businesspartners to identify and drive Total Cost of Ownership (TCO) processimprovements to reduce costs.
Supports initiativesspecific to e-business (procure-to-pay), diversity, and sustainability in aneffort to continually improve category effectiveness and efficiencies.
Provide input andleadership into the development of LOB periodic business reviews, StrategicSourcing’s annual LOB and category strategy reviews and acts as StrategicSourcing’s liaison to key LOB leaders
Lead vendor governanceactivities (i.e. supplier briefs, internal stakeholder meetings, vendorperiodic business reviews) specific to Wells Fargo’s most critical vendors.
Contribute to improvingLOB and/or Strategic Sourcing processes and systems to enable more robustprocesses, or efficiencies/expense reductions.

Requirements

5 years of Sourcing,Procurement experience, or equivalent demonstrated through one or a combinationof the following: work experience, training, military experience, education

Desired Qualifications:

Fundamentalunderstanding of contract law, including a minimum of 5 years’ experiencedrafting, reviewing, and interpreting contracts.
Comprehensive sourcingand contract negotiation experience with suppliers in one or more of thefollowing categories: professional services or contingent labor, technology(e.g. IT consulting and hardware/software/SaaS), facilities and orconstruction, financial services industry related products and services.
Experience negotiatingcontracts and sourcing for a large complex organization in highly regulatedenvironment.
Ability to projectmanage deals, including legal, financial and stakeholder reviews.
Strong benchmarking andanalysis capabilities.
Proficiency with leadingweb-based contract management, strategic sourcing (RFx) and reverse auctiontools (ex: Beeline, Emptoris, and Ariba).
Experience managingthird party relationships and measuring performance results
Ability to provideleadership by coaching, training, and mentoring
Ability to quickly establishcredibility to build and maintain effective working relationships
Strong time managementskills and ability to meet deadlines
Strong analytical skillsand high attention to detail

Benefits

Ourclient offers a comprehensive benefits package including:

401kMatching

Family andIndividual Insurance Packages (Health, Life, Dental, and Vision)

Paid TimeOff & Paid Holidays

Long &Short-Term Disability

IdentityTheft Plans

Retirement& Pension Plans

EmployeeAssistance Program

EmployeeReferral Program

TuitionReimbursement Programs

Advancement& Professional Growth opportunities 

ParentalLeave

& More

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$123k-159k (estimate)

POST DATE

03/09/2024

EXPIRATION DATE

06/29/2024

WEBSITE

kprecruiting.com

HEADQUARTERS

Minneapolis, MN

SIZE

<25

INDUSTRY

Business Services

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