Contracts & Sourcing Analyst
About The Position
The Contracts & Sourcing Analyst supports enterprise procurement activities focused on vendor sourcing and contract development. This role plays a key part in coordinating vendor solicitations (RFI, RFQ, RFP) and supporting the negotiation, drafting, and administration of vendor contracts for the credit union. The position partners with internal business units, Legal, Information Security, Risk Management, and Finance to structure vendor engagements that meet operational needs while ensuring compliance with regulatory expectations applicable to financial institutions. Primary responsibilities include supporting vendor sourcing initiatives, drafting and redlining contracts such as Master Service Agreements and Statements of Work, coordinating vendor proposal processes, and maintaining procurement documentation and governance standards.
Requirements
- 4 - 6 years of related experience in procurement or contract management.
- Comprehensive technical knowledge of procurement concepts, practices, and procedures.
- Comprehensive technical knowledge of contract administration and vendor management.
- Proven ability to develop policies and procedures.
- Experience supporting procurement or vendor contract administration within banking, credit unions, fintech, or other regulated financial services organizations.
- Familiarity with vendor contracting, technology vendor agreements or professional services sourcing.
- Able to work independently, meet deadlines and manage projects.
- Strong interpersonal and communication skills.
- Strong research and documentation skills.
- Excellent analytical abilities.
- Well organized and attentive to detail.
- Able to use PC and peripherals, finance/accounting software systems, and miscellaneous business equipment.
- Bachelor's degree in business or related field or equivalent experience.
Responsibilities
- Supports enterprise procurement activities focused on vendor sourcing and contract development.
- Coordinates vendor solicitations (RFI, RFQ, RFP).
- Supports the negotiation, drafting, and administration of vendor contracts.
- Partners with internal business units, Legal, Information Security, Risk Management, and Finance to structure vendor engagements.
- Ensures compliance with regulatory expectations applicable to financial institutions.
- Supports vendor sourcing initiatives.
- Drafts and redlines contracts such as Master Service Agreements and Statements of Work.
- Coordinates vendor proposal processes.
- Maintains procurement documentation and governance standards.
Benefits
- Competitive Compensation: HSFCU offers competitive pay, merit increases, and incentives.
- Health Coverage: Comprehensive medical and dental coverage, with 100% paid single coverage for full-time employees.
- Paid Time Off: Enjoy 13 paid annual holidays and up to 29 PTO days.
- Retirement Savings: Contribute to a 401(k) plan with up to 10% employer contributions.
- Transportation Subsidy: On-site parking at a small cost, up to $100 parking subsidy, or 100% bus pass reimbursement.
- Health & Wellness: Access to wellness fairs, flu shot clinics, and on-site fitness centers.
- Additional Benefits: Flexible spending plans, credit union discounts, life, accident, and disability insurance.
- Growth Opportunities: HSFCU invests in employee development through in-person and online training programs, workshops, career development assistance, and tuition assistance. Employees are encouraged to further their education and unlock new opportunities.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
