Sourcing Analyst - Hybrid

Genesis10•Minneapolis, MN

3d•Hybrid

About The Position

Genesis10 is currently seeking a Sourcing Analyst - Hybrid position with a Global Financial Institution located in MINNEAPOLIS, MN. This is a 12+ month contract opportunity. In this role, you will consult on and participate in moderately complex initiatives and deliverables within Sourcing. This position involves leading contract negotiations, managing supplier relationships of high risk or complexity, and contributing to large-scale planning to drive cost reduction and maximize business impact.

Requirements

5-7 years of contract drafting/negotiation experience
5+ years of Sourcing, Procurement experience, or equivalent
Strong experience in contract interpretation, drafting, and negotiation
Financial analysis of pricing proposals
Ability to gather business requirements and recommend a sourcing strategy
Skill in reviewing proposed contract language, identifying risks, and recommending language or strategies to remediate those risks
Intermediate Microsoft Office Skills (Word, Excel)

Nice To Haves

Experience with contracts for Software Licenses (on-premise and vendor hosted)
Experience with contracts for AI (Artificial Intelligence)
Experience with negotiating pricing for renewals of software licenses
Experience negotiating agreements on behalf of a highly regulated entity (e.g., financial services, healthcare)
JD and/or sourcing certification

Responsibilities

Lead contract negotiations and manage supplier relationships of high risk or complexity with significant impact to the business strategy
Manage suppliers and relationships from a life-cycle perspective with a focus on reducing cost or spend, increasing customer satisfaction, and maximizing business impact
Establish e-business, procure-to-pay, environmental, and Strategic Sourcing cost reduction strategies to continually improve category effectiveness and efficiencies
Customize legal contract language to proactively anticipate technology, market and business issues
Control all aspects of negotiation and set negotiation strategy
Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts
Partner with business units to issue and evaluate Request For Proposals and to ensure successful implementation of agreements
Act as a focal point for coordinating sourcing efforts across business entities

Benefits

Access to hundreds of clients, most who have been working with Genesis10 for 5-20+ years.
The opportunity to have a career-home in Genesis10; many of our consultants have been working exclusively with Genesis10 for years.
Access to an experienced, caring recruiting team (more than 7 years of experience, on average.)
Behavioral Health Platform
Medical, Dental, Vision
Health Savings Account
Voluntary Hospital Indemnity (Critical Illness & Accident)
Voluntary Term Life Insurance
401K
Sick Pay (for applicable states/municipalities)
Commuter Benefits (Dallas, NYC, SF, and Illinois)