Strategic Sourcing Analyst

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

Job Summary

The 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 Strategic Sourcing Analyst will be responsible for the facilitation of RFPs. 

Duties and Responsibilities

• Executes the RFP process, solution selection and negotiations to achieve the desired results
• Collaborates with the Vendor Management office to ensure risk evaluation is complete prior to contracting
• Develops strong relationships with business partners to influence outcomes
• Understands and interprets the provisions and terms of contracts; collaborates with Legal and other SMEs as necessary to ensure interpretation accuracy and to resolve escalated issues
• Prepares and maintains contracts with service providers in accordance with company standards
• Negotiates contractual terms, pricing, and deliverables to mitigate risk and maximize value
• Prepares and analyzes vendor spend reports and provides recommendations for improvements to better negotiate and leverage contracts
• Partners with Finance to outline potential value and ROI for proposed initiatives and tracking results
• Assists with implementation of Procurement platform
• Reviews and analyzes incoming contracts and assigns to appropriate reviewers
• Documents procedures for Procurement function
• Acts as point of advice, support and guidance to departments and individuals for collaborating with Procurement
• Manages contract database and collaborates with business partners to ensure a timely renewal or termination
• Supports vendor management initiatives as needed

Experience and Education Requirements

• Bachelor's Degree or equivalent work experience required
• 4+ years of sourcing or contract negotiation experience required
• Prior experience in reviewing and editing vendor contracts, including MSAs, SOWs, NDAs, etc.
• 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
• Ability to conduct RFPs
• Experience with implementing new software platform into established work environment preferred

Skills and Abilities

• 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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