Associate Specialist, Procurement - Contingent Labor
About The Position
Northern Trust is seeking an experienced Sr. Procurement Consultant to provide end-to-end category management, strategic sourcing, and procurement of contingent labor and outsourced/technology services on a global scale. This role involves working independently within a global team (UK, APAC, US) to manage a category of spend of approximately $650 million. The consultant will be responsible for category management, collaborating with technology partners on sourcing strategies, analyzing market data, leading competitive bidding processes, negotiating commercial agreements, and presenting strategies to management. The role also includes assisting with forecasting, demand management, developing scalable contracts, driving vendor performance, and serving as a subject matter expert for complex activities with significant business impact.
Requirements
- 5+ years of relevant procurement category management experience (emphasis on contingent labor/professional services strongly preferred)
- Previous experience with vendor management system (VMS) Beeline, and working with a Managed Service Provider
- Understanding of procurement best practices
- Experience developing and implementing process improvements
- Advanced negotiation skills
- Success working with cross functional and diverse teams
- Excellent communication and presentation skills
- Strong time and project management skills
- Detail-oriented
- Ability to breakdown complex problems and resolve them through independent research and analysis
- Past experience presenting to executive and senior leadership
- Experience with sourcing and procurement applications, Coupa, Workday, PeopleSoft ERP, MS Office Suite and advanced Excel skills
- Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.
Nice To Haves
- Bachelor’s Degree in Business, Supply Chain Management or Finance (MBA preferred)
- Experience with Labor Contracts, managed services contracts including large outsourcing contracts is desired, but not required
Responsibilities
- Contingent labor category management
- Collaborate with technology partners to develop and execute sourcing and procurement strategies
- Analyze industry and vendor data / trends and make recommendations to technology partners about key insights, trade-offs, and risks
- Collect requirements and specifications from technology partners and lead competitive bidding processes (e.g. RFx, eAuctions, etc.)
- Negotiate commercial arrangements, SOWs, and MSAs with vendors
- Present negotiation strategies and opportunities to technology partners and management
- Assist with forecasting / planning processes, demand management, and developing contracts that scale future enterprise needs
- Provide thought-leadership around improvements of global policies, operations, programs and processes
- Drive vendor quality and performance improvement initiatives and harness vendor innovation ideas
- Serve as a key subject matter expert
- Carry out complex activities with significant financial, client, and/or internal business impacts
Benefits
- retirement benefits (401k and pension)
- health and welfare benefits (medical, dental, vision, spending accounts and disability)
- paid time off
- parental and caregiver leave
- life & accident insurance
- other voluntary and well-being benefits
- discretionary bonus program that may include an equity component
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What This Job Offers
Job Type
Full-time
Career Level
Senior
