Sourcing Analyst

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

The primary purpose of this position is to procure for the Product & Client category and guide our internal business partners through the procurement process while ensuring adherence to compliance regulations in accordance with Global Sourcing and Procurement policies and procedures.

Essential Functions:

• Creates, writes, negotiates, and reviews contracts. Works with internal business partners to establish agreements that reflect the interests of the company;
• Works with legal counsel and other stakeholders to negotiate terms and conditions of the contracts;
• Ensures contract accuracy and rewrites or amends as necessary;
• Works directly with suppliers/vendors to obtain materials/products/services through preparation and administration of Statements of Work/Quotes to validate favorable terms on quality, delivery and price and ensure end-user needs are met on a consistent basis;
• Participates in supplier selection and moderately complex contract negotiations, involving Legal and other departments as necessary, to achieve favorable terms on quality, delivery, and price, and ensure end-user needs are met and deliver cost savings;
• Works with internal customer groups to help establish specifications and validate pricing and terms;
• Interacts with Legal and other company departments and agencies to analyze risks associated with agreements and develop language to minimize exposure whenever needed;
• Reviews and approves contracts in accordance with company terms and conditions;
• Guides internal customers and stakeholders through the end-to-end procurement process;
• Coordinates with internal customers and category managers to assist in sourcing initiatives;
• Interacts with vendors and internal customers to resolve transactional issues;
• Coordinates signature requirements, both internal and with Visa suppliers;
• Addresses inquiries on order status of products and services;
• Resolves discrepancies related to procurement issues;
• Delivers support to internal customers in an effective and efficient manner;
• Troubleshoots internal customer issues regarding the services provided by Procurement Operations;
• Documents the problem and provide appropriate follow up to meet internal customer service levels;
• Responds to queries from Internal Customers; and
• Processes purchase requisitions and update existing purchase orders as requested by business partners

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

Basic Qualifications
•2 or more years of work experience with a Bachelor’s Degree or an Advanced Degree (e.g. Masters, MBA, JD, MD, or PhD)

Preferred Qualifications
•3 or more years of work experience with a Bachelor’s Degree or more than 2 years of work experience with an Advanced Degree (e.g. Masters, MBA, JD, MD)
•Bachelor’s Degree preferred;
•At least 3 years as a sourcing and/or procurement professional, preferably with a major financial institution or payment card company;
•Experience in procuring services in the Technology and/or Product & Client category a plus;
•Understanding of web technology; software models (i.e. Software Licensing and SaaS);
•Knowledgeable of Procurement policies and procedures and their application to the processing of purchasing transactions (e.g., processing purchase requisitions, processing purchase orders, modifying purchase orders, executing bidding for transactions). 3 years of procurement experience in shared services or centralized procurement operations center;
•Experience in negotiating and drafting low to moderately complex contracts (i.e., Statements of Work, Amendments, Master Agreements, Subscription Agreements, Consulting Agreements, SaaS and SLSAs);
•Proven track record of successfully executing multiple types of transactions simultaneously;
•Excellent written, oral and presentation skills and an ability to synthesize information and make clear, concise recommendations on course of action;
•Knowledgeable about contract terms and conditions;
•Experience managing internal and external customers and users. Strong relationship management skills and ability to influence at a mid-management level both internally and externally;
•High level of self-motivation and initiative, and ability to operate as an effective team player;
•Understanding of process mapping and continuous improvement methodologies;
•Proficiency in purchasing systems and organizational interfaces (including, Ariba, Coupa, DocuSign, and Oracle);
•Proficiency in Microsoft Office: Outlook, Teams, Excel, Word, and PowerPoint; and
•Professional accreditation in sourcing, procurement or purchasing a plus

Additional Information

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel 5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting.  The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

Visa is an EEO Employer.  Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.  Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 88,200.00 to 124,650.00 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.