Contract & Sourcing Strategist

Old National Bank • Evansville, IN

1d • $61,200 - $123,700

About The Position

The Contract & Sourcing Strategist is part of Old National Bank’s Procurement Services organization within Finance. The role partners with internal line-of-business owners and executives to source new solutions and service providers and manage the associated contract lifecycles. Working strategically with managers and senior managers, the position supports strategic sourcing, contract research, and negotiations, and serves as an internal business consultant and trusted advisor.

The role is accountable for achieving business efficiencies, cost reduction or revenue improvement, and product and service provider optimization through opportunity identification, negotiations, and advantageous contracting. It supports pre-sourcing fulfillment and owns the strategic sourcing process through contracting for assigned initiatives and vendor or supplier agreements. The position also conducts financial and empirical analysis, negotiates and manages contracts and leases, and collaborates with stakeholders across the business while ensuring compliance with policies, controls, and applicable laws.

Requirements

• At least an Associate’s degree and five years of relevant experience in Procurement, Contract Management, Sourcing, Third Party Risk Management, or a related area.
• Strong communication, consultative, and interpersonal skills, including the ability to act as a trusted advisor to executives and managers at all organizational levels.
• Strong negotiation skills and the ability to influence key internal and external stakeholders.
• Excellent problem-solving, solution-architecture, and critical-thinking skills, with strong business acumen to support sound process and strategy decisions.
• Ability to work independently and effectively prioritize multiple projects and activities in a dynamic environment.

Nice To Haves

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

Responsibilities

• Achieve business efficiency, cost reduction or revenue improvement, and product or service provider optimization through opportunity identification, negotiations, and advantageous contracting, while observing ethical standards and preventing conflicts of interest and improper vendor or supplier relationships.
• Support pre-sourcing fulfillment, including IT evaluations, product development, and funding review and approval, and own the full strategic sourcing process through contracting for assigned initiatives and vendor or supplier agreements.
• Conduct financial and other 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 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 real estate and equipment lease contract negotiation and lifecycle management, along with relevant Facilities Management duties and initiatives.
• Collaborate with and consult stakeholders across lines of business, Finance, Risk, and Legal to achieve positive results in accordance 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.

Benefits

• Competitive compensation and an incentive program.
• Medical, dental, and vision insurance.
• 401(k).
• Continuing education opportunities.
• Employee assistance program.
• Impact Network Groups led by team members to encourage engagement, awareness of diverse backgrounds and experiences, and inclusion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree