Sourcing Analyst - Financial Services

Topco Associates•Quincy, MA

2d•$70,000 - $80,000•Hybrid

About The Position

Overview Topco Associates is currently seeking a Sourcing Analyst for the Indirect Spend – Hired Services team in Quincy, MA. This position will be a hybrid role, with the successful candidate conducting work in our Quincy office three times per week and virtually twice per week. The Sourcing Analyst will support sourcing initiatives across financial and business services categories, including in-store payments, audit solutions, B2B payments, and inventory services. This role offers the opportunity to contribute to high-impact projects, develop analytical and sourcing expertise, and build strong cross-functional and supplier relationships. Topco’s mission is to deliver solutions that help our member owners, regional retailers, and wholesalers achieve a competitive advantage. We are committed to building high-performing, diverse teams that reflect the communities we serve and drive innovation across our business Position Summary The Sourcing Analyst is responsible for supporting the execution of category strategies and sourcing initiatives under the guidance of their manager. This individual will develop foundational expertise in assigned categories, contribute to cost savings and value delivery goals, and support supplier engagement and program growth. This role manages sourcing initiatives of moderate scope and supports categories with approximately $25–50MM in procurement spend.

Requirements

Bachelor’s degree required
1–3 years of experience in business, analytics, project coordination, or a related field
Exposure to sourcing, procurement, purchasing, consulting, or retail operations preferred
Strong analytical and problem-solving skills, with the ability to translate data into insights
Effective written and verbal communication skills
Ability to manage multiple priorities and maintain strong attention to detail
Demonstrated ability to build relationships and influence stakeholders
Proficiency in Microsoft Excel and PowerPoint
Customer-focused mindset with a collaborative approach to work
Interest in developing sourcing, negotiation, and category management skills

Nice To Haves

Experience in financial services, payments, or banking is a plus
Prior experience with supplier or market analysis is beneficial

Responsibilities

Support sourcing initiatives from initiation through contract execution and lifecycle management
Develop and distribute RFPs and RFIs to prospective suppliers
Participate in supplier negotiations, including pricing and contract terms, using a variety of sourcing tools and methods
Ensure sourcing activities are well-documented and aligned with internal processes
Conduct data analysis to support sourcing decisions, identify opportunities, and evaluate supplier proposals
Interpret and present findings to stakeholders in a clear and actionable manner
Develop working knowledge of assigned categories through market research and analysis
Build and maintain effective relationships with suppliers and internal stakeholders
Support communication of initiative results, including savings and performance metrics
Assist in monitoring supplier performance and ensuring contract compliance
Identify and communicate opportunities for continuous improvement
Partner with account management and program management teams to support program adoption and growth
Assist in tracking sales performance and preparing sourcing plans and business reviews
Contribute to the development and promotion of new and existing sourcing programs