Strategic Sourcing Lead

APEX Fintech Services•Chicago, IL

11d•$99,000 - $123,750•Hybrid

About The Position

The Strategic Sourcing Lead drives value delivery across assigned subcategories by leading low-to-medium complexity sourcing events, negotiating small-to-medium contracts under approved playbooks, performing advanced spend and market analyses, and improving supplier performance. This role operates with moderate autonomy, partners closely with cross-functional teams, and helps shape category plans through data-driven insights and disciplined execution.

Requirements

Bachelor’s degree in Supply Chain, Business, Finance, or related field
5+ years of procurement/strategic sourcing experience, including leading small-to-medium negotiations and running sourcing events
Strong analytical skills: Excel/Sheets (pivot tables, lookups, PowerQuery), TCO and price/cost analysis; data visualization (Power BI/Tableau) a plus
Working knowledge of commercial contracting (SLAs, warranties, data privacy, liability caps, confidentiality, basic IP) and experience partnering with Legal
Proficiency with eSourcing and CLM tools; familiarity with spend analytics platforms
Excellent organization, attention to detail, communication, and stakeholder management; ability to juggle multiple priorities and deadlines

Nice To Haves

Certifications preferred: CPSM, CIPS, CSCP (or in progress)

Responsibilities

Own the SaaS renewals pipeline: maintain a 12–18 month calendar with 180/120/90/60-day gates; prevent auto-renewals.
Analyze entitlements/usage; right-size licenses and consumption; vendor consolidation; rationalize overlapping apps.
Use an external benchmarking service to understand market pricing/terms and develop negotiation strategy and targets.
Lead negotiations for renewals and small tech buys under playbooks (price locks, CPI caps, step-downs, ramp/proration, true-up relief, downgrade rights); create credible switch leverage when appropriate.
Review and interpret contracts and amendments; compare terms in Evisort; ensure repository accuracy and version control (no drafting of contracts).
Maintain supplier scorecards/QBRs; strengthen vendor partnerships through performance reviews, joint roadmaps, SLA tracking, and remediation.
Limited RFx: run light competitive quotes when needed; document awards and outcomes.