Sr. Strategic Sourcing Analyst

F&G is looking to hire for a Sr. Strategic Sourcing Analyst

Job Summary

The Sr. Strategic Sourcing Analyst will be responsible for interpreting, drafting and negotiating contracts including SaaS agreements, MSAs, SOWs, and licensing agreements, among others; this process will include negotiating competitive pricing and contract terms that drive value and mitigate risk.  The Sr. Strategic Sourcing Analyst will also be responsible for the facilitation of RFPs. 

Duties and Responsibilities

• Execute the RFP process, solution selection and negotiations to achieve the desired results
• Collaborate with the Vendor Management office to ensure risk evaluation is complete prior to contracting
• Negotiate large agreements that meet business objectives
• Understand and interpret the provisions and terms of contracts; collaborates with Legal and other SMEs as necessary to ensure interpretation accuracy and to resolve escalated issues
• Prepare and maintain contracts with service providers in accordance with company standards
• Negotiate contractual terms, pricing, and deliverables to mitigate risk and maximize value
• Prepare and analyzes vendor spend reports and provides recommendations for improvements to better negotiate and leverage contracts
• Create metrics to report on progress against initiatives and/or to provide required data to key business owners
• Identify cost saving opportunities and works with business partners and suppliers to realize cost savings
• Assist with implementation of Strategic Sourcing platform
• Act as point of advice, support and guidance to departments and individuals for collaborating with Strategic Sourcing
• Manage the contract intake process and assignments for the team
• Manage contract database and collaborates with business partners to ensure a timely renewal or termination
• Support Vendor Management initiatives as needed

Experience and Education Requirements

• Bachelor's Degree or equivalent work experience required
• 6+ years of sourcing or contract negotiation experience required
• Prior experience in reviewing and editing vendor contracts, including MSAs, SOWs, NDAs, etc.
• Experience with implementing new software platform into established work environment preferred
• Extensive experience negotiating software licensing agreements (all types) is preferred

Knowledge, Skills and Abilities

• Knowledge of various procurement categories (software, hardware, professional services, consulting, marketing etc.) required
• Demonstrated knowledge in contract management, negotiation, vendor performance management, and strategic procurement process required
• Excellent written and verbal communication skills
• Strong organizational and analytical skills
• Ability to effectively present information
• Proven relationship-building ability
• Adaptability
• Strategic negotiator
• Comfortable in matrixed environment
• Understanding of multiple project management processes and methodologies (waterfall, agile, SDLC)
• Strong time management skills and ability to meet deadlines
• Aptitude for solving complex problems
• Ability to quickly establish credibility to build working relationships
• Excellent interpersonal skills, including teamwork, issue resolution, and customer relationship management

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel required (less than 10%)

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