What are the responsibilities and job description for the Source to Pay Operational Excellence Analyst (Global Procurement) position at Principal Financial Group?
What You'll Do:
Join us as a Source to Pay Operational Excellence Analyst and support S2P Global Procurement programs by linking technology with business to help define how we craft value and efficiency for the business!
What you'll do:
Are you a procurement expert with experience in source to pay, Supplier Enablement, and e-Invoice adoption?
Join us as a Source to Pay Operational Excellence Analyst and support S2P Global Procurement programs by linking technology with business to help define how we craft value and efficiency for the business!
What you'll do:
- Continuous Improvement & Optimization: Analyze current S2P process to identify bottlenecks, potential issues, assess root causes, and implement solutions to improve operational performance.
- Process Standardization: As an S2P process SME, develop standardized processes and procedures incorporating leading practices. Partner with system admins to plan and support system improvements.
- Source to Pay Process Adoption: Collaborate with diverse stakeholders from Procurement, Finance, IT, Risk, and Suppliers to develop and execute strategies to drive Source-to-Pay adoption.
- Supplier Enablement and e-Invoice Adoption: Collaborate with suppliers to select appropriate enablement channels and ensure compliance.
- Project Management: Lead and coordinate cross-functional initiatives aimed at improving service delivery, process efficiency, automation, and compliance.
- Change Management: Develop and implement effective communication strategies to inform users of upcoming changes and impacts. Continuously update process and training documents.
- Special Projects: Facilitate S2P rollout in international markets, implement innovative solutions (automation, GEN-AI) and assist in special projects as assigned.
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are:
- Bachelor's degree or equivalent
- 6 years of experience with end-to-end source-to-pay processes
- Experience using Coupa or other Source-to-Pay suite
- Strong communication, interpersonal, and negotiation skills
- Analytical, problem-solving, and decision-making skills
- Strong product, systems and technology knowledge including PowerBI, Excel and Robotic Process Automation
The ideal candidate will have:
- Excellent leadership skills, the ability to influence results, facilitate change, and strong analytical/documentation skills
- Ability to build and maintain relationships and facilitate collaboration and communication with people at all levels, including across the enterprise, outside consultants, and vendors
- Strong technical, and business processes competence
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window: We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. Date First Posted (TTF): 4/8/2025 Latest Post Date: Careers - US: 4/8/2025
LinkedIn Remote Hashtag
: #LI-RemoteSalary : $95,200 - $130,000
