Strategic Sourcing Analyst

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

The Strategic Sourcing Analyst will serve as a key resource for Strategic Sourcing, responsible for developing and executing sourcing strategies that align with business objectives.

Duties and Responsibilities

• Monitors and manages the strategic sourcing email id, ensuring contracts are appropriately addressed, referred, and followed up on post vendor onboarding
• Develops strategic relationships with business partners to drive desired outcomes
• Understands and interprets the basic provisions and terms of contracts; collaborates with Legal and other SMEs as necessary to ensure interpretation accuracy and to resolve escalated issues
• Negotiates and finalizes agreements for event-related categories, including catering, hotels, and credit card contracts
• Assists with implementation of Strategic Sourcing platform
• Reviews and analyzes incoming contracts and assigns to appropriate reviewers
• Assists in the creation/initial set-up of Requests for Proposals (RFPs) within the Sourcing RFP tool
• Documents and updates procedures for Strategic Sourcing function to ensure efficiency and compliance
• Acts as point of advice, support and guidance to departments and individuals for collaborating with Strategic Sourcing
• Manages departmental reporting, including contract request volume and internal service level agreements (SLAs), ensuring timely updates and accurate data
• Manages contract database, and collaborates with Strategic Sourcing team to develop and send contractual notices to ensure a timely renewal or termination
• Supports Vendor Management initiatives, as needed
• Serves as the system owner and administrator for sourcing tools, ensuring optimal functionality and user support

Experience and Education Requirements

• Bachelor's Degree or equivalent work experience required
• 4+ years of sourcing or contract negotiation or related experience required
• Strong working knowledge of Microsoft Office required
• Demonstrated knowledge in contract management, negotiation or strategic procurement process required
• Familiarity with contract lifecycle management process from initiation to archive preferred
• Experience with implementing new software platform into established work environment preferred

Knowledge, Skills and Abilities

• Excellent written and verbal communication skills
• Strong organizational and analytical skills
• Ability to effectively present information
• Proven relationship-building ability
• Adaptability
• Comfortable in matrixed environment
• Strong time management skills and ability to meet deadlines
• Aptitude for solving problems
• Ability to quickly establish credibility to build working relationships
• Excellent interpersonal skills, including teamwork, issue resolution, and customer relationship management
• Ability to work on teams, and independently, in a fast-paced environment
• Has the ability to learn and adapt to new information and technology platforms

Other Requirements

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

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