Sourcing Analyst I-Sr

TXNM Energy•Albuquerque, NM

44d

About The Position

Sourcing Analyst I Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under direct supervision, completes the sourcing process for key commodities. Supports the sourcing and procurement processes. Assists with managing assigned projects and business unit collaboration. Assists with contract administration and review. Processes ordering information under existing contracts (purchase orders, assignments, contract terms etc) and PNMR services procurement systems. Sourcing Analyst II Salary Grade: G08 Minimum Midpoint Maximum $61,035 - $80,872 - $100,709 Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under general supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts. Sourcing Analyst Sr Salary Grade: G06 Minimum Midpoint Maximum $78,537 - $106,024 - $133,511 Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check. SUMMARY: Under limited supervision, completes the sourcing process for high-dollar and high-risk projects and contracts. Supports the sourcing and procurement processes. Gathers, analyzes, and prepares recommendations on sourcing strategies, practices, and procedures, including but not limited to continuous process improvement. Acts as project manager to direct and coordinate assigned objectives. Administers and reviews contracts.

Requirements

Knowledge of standardized sourcing practices and procedures
Ability to prioritize, schedule, organize, focus on, and complete work
Bachelor's degree in a related field with one to two years of related experience, or equivalent combination of education and/or experience related to the discipline.
Ability to read, analyze, and interpret business periodicals, professional journals, financial reports, and legal documents
Ability to write reports and business correspondence
Advanced negotiation skills and ability to gain concessions without damaging relationships
Ability to effectively present information to various groups
Knowledge of word processing, spreadsheet, and presentation software
Ability to work with financial systems
Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to apply common sense understanding to carry out detailed written or oral instructions. Ability to review financial and other business data, and to summarize that information for management.
Ability to make changes to reports and make recommendations to solve internal issues or problems.
Must ensure the accuracy of information, update company systems, and bring problems to resolution or the attention of supervisor.
Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.
Office environment.
Knowledge of contracts and contract administration
Demonstrated project management, financial analysis, and product costing skills
Ability to think strategically and analytically
Ability to demonstrate advanced interpersonal skills
Bachelor's degree from four-year college or university in business administration, materials management, supply-chain management, or similar discipline, with two to three years of related experience, or equivalent combination of education and/or experience related to the discipline.
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals
Ability to write routine reports and correspondence
Ability to speak effectively before groups of customers or employees of organization
Advanced negotiation skills and ability to gain concessions without damaging relationships
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
Ability to apply concepts of basic algebra and geometry
Knowledge of word processing, spreadsheet, and presentation software
Ability to work with purchasing/eprocurement systems and process modeling applications
Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management.
Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.
Office environment.
Advanced knowledge of contracts and experience in contract negotiations
Knowledge and experience with application of strategic sourcing best practices
Demonstrated experience with contract negotiation
Demonstrated project management and financial analysis skills
Advanced interpersonal skills
Bachelor's degree from a four-year college or university preferably in business administration, materials management, supply-chain management, or similar discipline, with five to seven years of related experience, or equivalent combination of education and/or experience related to the discipline.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Ability to write reports business correspondence, and procedure manuals
Ability to speak effectively before various groups
Advanced negotiation skills and ability to gain concessions without damaging relationships
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume
Ability to apply concepts of basic algebra and geometry
Knowledge of word processing, spreadsheet, and presentation software
Ability to work with purchasing/eprocurement systems and process modeling applications
Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization may exist. Ability to lead and successfully implement projects. Ability to review financial and other business data, and to summarize that information for management.
Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 10 pounds.
Office environment.

Nice To Haves

Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.
Certified in Production and Inventory Management (CPIM) or Certified Purchasing Management (CPM) designation is preferred.

Responsibilities

Gathers information, researches company sourcing needs, supports negotiation strategies, develops financial analysis, and supports Senior Sourcing Analysts
Learns purchasing systems and ensures that buying procedures and systems are followed
Inputs purchasing data to ensure automated purchasing procedures
Creates and utilizes blanket purchase orders and processes purchase requisitions via purchase order or change orders
Solicits bids, contracts, data, and other information from supplier and inputs into supply chain (SC) systems
Manages buyer functions on less complicated commodity categories
Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis
Tracks and documents changes from process related to automation or other efficiency drivers
Maintains database information and updates internal sourcing information such as historical bids/quotes, commodity price monitoring, and supplier lists, etc
Ensures that all record keeping systems work properly
Prepares ad hoc reporting, real-time generation of standard and customized reports
Assists on complex special projects and other assignments as directed
Manages key functions on less complicated commodity categories
Develops and maintains sourcing strategies
Assists with opportunity assessment of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis
Understands and standardizes company commodity needs
Identifies and investigates all cost of ownership opportunities, including non-purchase price driven opportunities
Manages the bid process and supports cost reduction activities and achieves annual improvement targets
Develops and implements all supplier selection criteria and plans, chooses suppliers, negotiates and implements contracts, manages supplier performance
Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met
Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness
Ensures best in class supply chain management and procurement processes
Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc
Ensures that the company follows the approved purchasing process
Assists with opportunity assessment and prioritization of major categories and cost of ownership opportunities; analyzes key trends in global supply, profile market, and industry analysis
Develops and maintains sourcing strategies
Understands and standardizes company commodity needs
Manages the bid process and leads cost reduction activities and achieves annual improvement targets
Develops and implements all supplier selection criteria and plans, chooses suppliers, leads negotiations, implements contracts, and manages supplier performance
Develops key long-term supplier relationships to achieve continuous improvement and manages contract performance to ensure cost, service, quality, and flexibility goals are met
Implements supplier-sourcing strategies to ensure high quality, on time delivery and cost competitiveness
Develops communication plans, focus interviews, process mapping, business case development, scope of work/specifications, total cost of ownership model, spend and supply analysis, etc
Ensures best in class supply chain management and procurement processes including leading and auditing process improvement activities and automation initiatives
Develop process documentation and manuals, process training documents and process training sessions
Prepares RFI/RFQ/RFP process with requesting departments, evaluates proposals, selects bidders, manages the selection process, and prepares executive summaries
Develops and manages business processes for web-based sourcing practices (Reverse Auction)
Conducts formal business reviews with key suppliers to discuss performance on a regular basis.
Advises client departments on procurement-related policies and procedures, including best practices regarding purchasing activities, tactics and contractual terms
Develop and maintain contract management systems