Contract & Sourcing Strategist

Old National Bank•Evansville, IN

About The Position

Old National Bank’s Procurement Services organization within Finance is seeking a Contract & Sourcing Strategist to partner with internal business owners and executives to source solutions and service providers and manage contract lifecycles. The role works with managers and senior managers on strategic sourcing, contract research, and negotiations, and serves as an internal business consultant and trusted advisor. The position supports pre-sourcing fulfillment and owns the strategic sourcing process through contracting for assigned initiatives and vendor agreements. It conducts sourcing and contract analysis, negotiates agreements, supports leases and Facilities Management initiatives, and collaborates with stakeholders across the organization to meet business objectives and comply with company policies, standards, and applicable laws. The salary range is $61,200–$123,700 per year, plus bonus. Actual compensation may vary based on responsibilities, skills, experience, education, and geographic location. The role requires at least an associate degree and five years of relevant experience; a bachelor’s degree is preferred.

Requirements

At least an associate degree; a BA/BS is preferred, in Business Management, Accounting, Finance, or a related field.
Five years of relevant experience in areas such as Procurement, Contract Management, Sourcing, or Third Party Risk Management.
Strong communication, consultative, and interpersonal skills.
Ability to act as a trusted advisor to executives and managers at all levels of the organization.
Strong negotiation skills and ability to influence internal and external stakeholders.
Excellent problem-solving, solution-architecture, and critical-thinking skills, with strong business acumen.
Ability to work independently and prioritize multiple projects and activities effectively in a dynamic environment.

Nice To Haves

BA/BS in Business Management, Accounting, Finance, or a related field.

Responsibilities

Identify opportunities and achieve targeted outcomes for business efficiency, cost reduction or revenue improvement, and product or service provider optimization through negotiations and advantageous contracting, while maintaining ethical standards and preventing conflicts of interest and improper vendor relationships.
Support pre-sourcing fulfillment, including IT evaluations, product development, and funding review or approval, and own the strategic sourcing process through contracting for assigned initiatives and vendor or supplier agreements.
Conduct financial and empirical analysis for sourcing and contracting events, partnering with a Financial Analyst on more complex comparisons.
Interact with, influence, and support key business leaders, including the CEO, CFO, CIO, and CRO, to advocate for strategic business needs.
Negotiate and enforce new agreements and modifications to existing contracts, including MSAs, NDAs, and SOWs, covering terms and conditions, performance obligations, and regulatory compliance.
Support negotiation and lifecycle management of real estate and equipment leases, along with relevant Facilities Management duties and initiatives.
Collaborate with stakeholders across business lines, Finance, Risk, and Legal to achieve positive results in compliance with company policies, standards, and applicable laws.
Manage work in accordance with the Procurement Policy and ensure compliance with purchasing and funding approval processes, expense management practices, and controls.
Work with internal business owners and stakeholders to incorporate ONB’s Supplier Access & Partnership Enablement Program into sourcing and contracting activities.
Perform other duties related to the position as assigned.