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 negotiatingcompetetive 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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