What are the responsibilities and job description for the Competitive Sourcing Specialist position at FMR LLC?
Job Description: Competitive Sourcing Specialist The Procurement as a Service Team (PaaS) is responsible for all types of competitive sourcing including renewals, new products and services, existing product renewals (e.g. professional services, hardware, telecom, software, and cloud). The successful candidate will have a strategic mentality while working across our business groups to provide Fidelity the best price and terms while mitigating risk. The individual will have strong communications skills as they partner with internal partners, Fidelity leaders, and suppliers to achieve stronger scale and efficiency. The Team PaaS helps business units make thoughtful purchasing decisions that reduce risk and improve value for the firm. In this role you will assist associates that engage PaaS as they look to work with a new vendor or make changes to a current vendor relationship. The person will directly, or indirectly, engage and negotiate with large and small vendors. As a leader within a deal team, this person will collaborate with business unit product managers, contract managers, vendor managers, risk, ESG, legal, and finance to develop sourcing strategies. The Expertise You Have 3 years of procurement, purchasing, or souring experience including commercial and contract negotiations Ability to influence cross-functional project teams through complex projects Proactive management of multiple supplier relationships and ability to work well under pressure BS/BA in business administration The Skills You Bring Ability to influence various project team members Background in negotiation, vendor management or product management including performance oversight Strong written, verbal and interpersonal communication skills Consistent track record of strong collaboration and teamwork Detail oriented with a focus on continuous improvement skills Passion and enthusiasm for driving optimum business outcomes Capable of leading negotiations and performing financial, technical, commercial and performance evaluations of suppliers Excellent planning and organizational skills Strong customer focus and collaboration/teamwork skills The Value You Deliver Analyze data and market trends to align strategies within category segments Lead the sourcing, negotiations, contracting and procurement process across different Fidelity business divisions Engage and regularly collaborate with various members across the Procurement organization and Business units Work to achieve outstanding pricing with suppliers on negotiations Prepare RF(x) and lead teams in the source selection process Certifications: Category: Procurement Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy
