Sr. Strategic Sourcing Analyst

What You Can Expect In This Role

Accountable for Sammons Financial Group (SFG) member companies' vendor lifecycle management. Serve as the contact with the vendors and champion the relationships. Perform sourcing functions of vendor selection including Requests for Information (RFIs), Requests for Quote (RFQs) and Requests for Proposal (RFPs) and competitive bidding. Perform procurement functions including negotiating price and contract language. Perform vendor management function of continuous vendor review according to Vendor Management Office policies. Perform overall performance oversight in accordance with contractual, accreditation, and/or regulatory compliance. Seek out new ways to utilize the vendors' skills within various areas of the company.

What You'll Do In This Role

• Lead the due diligence and evaluation process for new potential vendors.
• Evaluate current and proposed vendor relationships to identify and recommend savings opportunities. Determine key action steps to capture and implement savings opportunities.
• Establish and maintain Standard Operating Procedures (SOPs) for the functions of Sourcing, Procurement and Vendor Management. Participate/lead in the testing/correction/revision of SOPs
• Lead the coordination efforts for assigned vendor relationships (contract, risk management, performance, relationship management).
• Monitor contractual requirements, and provide overall oversight of vendor lifecycle management as outlined in corporate and departmental policies, as well as, accreditation, contractual, and regulatory requirements; monitor performance on Service Level Indicators (SLAs) through regular review and follow up on metrics.
• Drive coordination efforts between SFG and service providers to ensure expectations are met/exceeded; create transparency and partnership through formal meetings and knowledge share.
• Lead contract management with vendors, legal and business owners; this may include negotiating agreements, exhibits, statements of work, and pricing; serve as liaison for RFP/RFI/RFQ process along with evaluation and selection of service providers.
• Perform ongoing monitoring and measurement of vendor risk items and manage vendor performance against contracted terms and conditions; aid in the continual review and adjust contract to terms to best fit corporate objectives and overall spend.
• Conduct provider assessments, scoring and ongoing program evaluation as required via the Vendor Management Office.
• Serve as escalation point for issue/dispute management and problem resolution.
• Proactively plan, problem solve and complete root cause analysis, and continuous monitoring of processes including Key Performance Indicators, internal dashboard reports and other business management tools to be able to monitor overall performance; develop and implement corrective action plans to address service issues as identified and follows through to resolution; perform site visits and performance monitoring audits as necessary.
• Prepare and present reports by compiling, analyzing, and reviewing data, providing written and/or oral reports to management.
• Establish and harbor a shared culture, shared strategy and common values with service providers.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.
  
  

What We're Looking For

• Bachelor's Degree in business or related discipline Required
• Minimum 5 years' work experience in outsourcing management, supplier/vendor management Required
• Experience in electronic and manual workflow management and process improvement including Source to Pay/Procure to Pay Required
• Strong knowledge of contract management, contracts, and contract law, e.g. contract development, business language, terms, conditions, etc.
• Strong financial acumen to develop and/or challenge business cases, complete cost-benefit analyses, and identify savings
• Strong understanding of strategic sourcing methodology
• Ability to conduct business in international and intercultural situations
• Must embrace and effectively shadow the corporate core values
• Effective management, decision-making and motivational skills
• Excellent communication skills, including listening, oral and written
  
  

Other Requirements

• Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group Companies to notify you that, as a routine part of processing this application for employment, Sammons Financial Group may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records
  
  

What you can expect when you join Sammons Financial Group

• Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
  
  

Salary Range Information

USD $66,791.00 - USD $125,234.00 /Yr. Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary is dependent on candidate qualifications and experience. For a narrower salary range specific to your labor market, please inquire.

Work Authorization/Sponsorship

At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)