Analyst, Strategic Sourcing & Procurement

LPL Financial • Fort Mill, SC

1d

About The Position

As an Analyst in SS&P you will be responsible for executing the sourcing and procurement process to procure various products and services for LPL. As such, you will work closely with a number of internal stakeholders in the selection, use and management of external vendors across the LPL Technology portfolio. This includes supporting the management of the entire sourcing process for assigned categories with a constant focus on working collaboratively with leadership, understanding and managing strategy, vendor selection and due diligence, contract negotiations, costs to budget, risk mitigation, and regulatory compliance. A fundamental component of the role is change management and the ability to lead the transformation of SS&P into a strategic partner across the firm.

Requirements

• An appropriate 4-year college degree
• Minimum of 1-3+ years of experience working in a medium-to large professional enterprise or 1+ years of contract negotiations and pricing experience
• Advanced MS Office skills including Excel, SharePoint, Word and Power Point

Nice To Haves

• Technology Sourcing background
• Financial Services experience
• Experience using ARIBA or other Procure-to-Pay tools

Responsibilities

• Negotiating low - medium dollar (<$250K) & risk contracts with key vendors. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs
• Assist VP in creating training documents, reports, best practices documentation for Technology commodities
• Assist Sourcing Managers in the analysis and development of category plans to provide visibility to spend, vendor summaries, contract summaries, stakeholder engagement, and market insights that lead to both short and long-term strategies
• Act as the reporting / analytical SME for the team; perform financial analysis, spend & Ariba reporting
• Partner with business groups to issue, evaluate and conduct RFx
• Bring thought leadership to identify additional cost and operational efficiencies
• Work in collaboration with multiple departments and business partners to develop strategy, policy and/or resolution of issues
• Present recommendations and commodity plans to SS&P leadership team and business
• Represent and advocate SS&P strategies and goals across the firm
• Challenge assumptions, opinions, and decisions in a diplomatic way to ensure that actions taken are in the organization’s best interest
• Review contracts to ensure compliance to sourcing and contracting policies and procedures, and to escalate concerns to legal and business partners.
• Process contract terminations, expirations, extensions and renewals.
• Manage contract request queue in our procure-to-pay system, ARIBA, in a timely manner and within SLA.
• Support projects to continuously improve the capabilities of the SS&P organization
• Foster a positive, diverse and inclusive culture through education and communication
• Represents and advocate SS&P strategies and goals across the firm.

Benefits

• LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level