Sourcing Specialist

CoBank • Greenwood Village, CO

2d • Hybrid

About The Position

As a member of the Vendor Management organization, the Sourcing Specialist is responsible for managing end-to-end procurement activities and vendor contract negotiations across IT hardware, software, cloud services, and consulting services categories. The role leads sourcing events, negotiates favorable commercial terms, and ensures procurement activities align with business objectives through established practices. Working closely with vendors and internal stakeholders, the Sourcing Specialist helps ensure efficient procurement processes, effective supplier management, and cost-conscious purchasing decisions.

Requirements

• 5 years in strategic sourcing, procurement, or vendor management, with a focus on IT categories required
• Working knowledge of Source‑to‑Contract (S2C) processes and RFx execution.
• Strong knowledge of strategic sourcing methodologies and procurement systems.
• Experience managing competitive sourcing events and supplier negotiations.
• Experience reviewing commercial agreements and contract terms.
• Strong verbal and written communication skills for effective negotiation and relationship building.
• Intermediate understanding of contract language, terms, and risk considerations.
• Demonstrated negotiation skills with the ability to adapt approaches as needed.
• Familiarity with contract reviews and the legal aspects of procurement.
• Basic understanding of accounting principles and data analysis.
• Ability to work collaboratively with internal stakeholders and external vendors.
• Ability to prioritize and schedule work and projects with minimal supervision. Flexible working with multiple teams and balance ongoing projects and work.
• Ability to work independently with minimal guidance, as well as collaboratively in a team environment.
• Excellent interpersonal skills, with the ability to influence and build consensus, and build and maintain effective working relationships with management, associates, vendors, and other stakeholders at all levels.
• Strong judgment, initiative, and accountability in daily responsibilities.
• Strong analytical, decision making and problem-solving skills.
• Strong organizational and time management skills.
• Strong detail and customer service orientation.
• Experience in Microsoft Office and Excel. Oracle and ServiceNow preferred.

Nice To Haves

• Bachelor's Degree in Supply Chain, Business Administration, Finance, or other related fields preferred
• Experience within financial services, technology procurement, or regulated industries preferred

Responsibilities

• Coordinates and executes assigned enterprise sourcing events and end-to-end RFx competitive bid processes in accordance with established procurement practices.
• Identifies, evaluates, and strengthens relationships with key vendors to build and maintain strong supplier partnerships.
• Collaborates with business stakeholders to understand requirements and applies established sourcing methodologies to support business requirements.
• Assists business stakeholders with developing meaningful sourcing requirements to ensure high-quality supplier responses through collaboration with cross-functional teams.
• Coordinates supplier selection processes, scoring evaluations, and cross-functional decision-making activities.
• Develops bid analyses and supports recommendations for leadership review and approval.
• Participates and supports contract negotiations, including pricing, commercial terms, and contractual provisions, to secure favorable agreements and achieve positive business outcomes.
• Evaluates market pricing data and cost models to find cost reduction and supplier consolidation opportunities.
• Coordinates with internal teams—such as product, operations, finance, and legal—to vet third-party vendors and align sourcing strategies with organizational needs and risk tolerances.
• Works closely with the legal group for all contract related legal matters, ensuring the timely review and execution of legal agreements.
• Supports cost reduction efforts through market analysis and strategic sourcing initiatives.
• Supports contract renewals, amendments, and ongoing supplier performance management activities.
• Manages select contract renewals to ensure timely and accurate execution, while strengthening negotiation leverage and supporting continuity of service.
• Acts as resource to others on the team, answers questions and provides training as needed.
• Performs additional duties as assigned, supporting the broader goals of the procurement function and contributing to organizational success.

Benefits

• 15 days of vacation
• 10 paid sick days
• 11 paid holidays
• Medical coverage
• Dental coverage
• Vision coverage
• Disability insurance
• AD&D insurance
• Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
• Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED