Lead Sourcing Consultant

Principal Financial Group • Des Moines, IA

2d • $127,000 - $171,000

About The Position

Further your career today as a Strategic Sourcing Lead (Professional Services) at Principal Financial Group!
Join our Global Sourcing team in Des Moines, IA as a Lead Sourcing Consultant. In this role, you’ll collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. Be part of a world-class team passionate about delivering maximum value to our business partners.
As a Lead Sourcing Consultant within our Professional Services category, you’ll help transform how we deliver value. We seek highly motivated sourcing professionals who can drive innovative solutions that are:
Valuable (cost-effective for the business)
Viable (meeting requirements within business constraints)
Strategic (leveraging industry intelligence to stay ahead of the competition)

Requirements

• Bachelor’s degree or equivalent
• 8+ years of related experience in sourcing, supply chain management, contract negotiations, or contract law
• 4+ years in professional services sourcing with extensive experience negotiating Professional Service agreements
• Knowledge of strategic sourcing principles and supply base management strategies
• Desire to learn about market intelligence and analytics within professional services
• Proven ability to engage with business partners and leaders collaboratively
• Strong problem-solving, influencing, and communication skills

Nice To Haves

• Experience in strategic planning, spend analysis, and supplier management
• Background as a sourcing consultant in consulting and managed/outsourced services categories

Responsibilities

• Coach and influence leaders and teams to promote best practices in category management and achieve business results
• Develop sourcing strategies using total cost of ownership models, internal data, and market intelligence
• Collaborate with leaders to deliver solutions aligned with business needs
• Direct and execute strategic sourcing for medium-to-high complexity third-party spend
• Lead statement of work development, supplier selection, pricing analysis, and contract negotiation
• Support audit compliance and risk management efforts

Benefits

• Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees