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Procurement - Senior Vendor Analyst

Company: SOLUGENIX
Location: Irvine
Posted on: June 10, 2021

Job Description:

Overview

Senior Vendor Analyst

Irvine, CA

12-month contract

Job ID 2020-4926

Solugenix is assisting a client, a prestigious and large investment management company in their search for a Procurement-Senior Vendor Analyst. This is a 12-month contract opportunity (with likely extension up to 24 months) based out of Irvine, CA.

Role Summary: Responsible for leading and influencing strategic business area-specific and enterprise-wide sourcing activities including category management, conducting sourcing events, leading negotiations, contracting and contract management, and supplier management. Serves as a subject matter expert, as well as a lead and mentor to internal associates.

Primary responsibilities/essential functions:

  • Develop and execute Category Management strategies to achieve business objectives.
  • For the assigned category, develop a deep understanding of spend and collaborate with business partners and stakeholders to identify opportunities to increase quality and improve value.
  • Develop and maintain expert knowledge of respective markets, competitors, and product innovations.

  • Leads business area-specific and enterprise-wide strategic sourcing activities/projects, influencing business direction.
  • Identifies and leads sourcing project team; works closely with other staff, members of the business, and management to execute sourcing activities and establish project timelines.
  • Analyzes category/project spend data, considering impacts to budgets, as well as domain knowledge (e.g., cloud-based applications) and other expertise (i.e., knowledge of the marketplace, suppliers, competitors, operating models, and processes) to inform and develop sourcing strategies.
  • Conducts market analysis and applies broad industry knowledge sourcing strategies and recommendations.
  • Communicate project updates to appropriate audiences.

  • Negotiates and executes enterprise contracts for engagements that are high-dollar, high complexity, or high priority.
  • Leads Sourcing project team which may comprise of representation from business, technology, finance, and procurement.

  • Partners with the business to develop complex Statements of Work (SOW) and SLA's (Service Level Agreements).
  • Manages the interaction with Legal, Business Partners, and Suppliers throughout contract revisions and reviews.
  • Ensures the terms and conditions in the contract meet the business requirements.

  • Manages existing portfolio contacts.
  • Develops and maintains relationships with senior business leaders from multiple business areas
  • Leverages relationships to maintain an understanding of broad strategic initiatives, as well as the business area's operations and processes.
  • Managing projects and defining key performance indicators (KPI) and service level agreements (SLA).
  • Identifies opportunities to drive business decisions and influence broader outcomes (e.g., strategy, cost savings, process improvements).

  • Maintains on-going communication with suppliers and stakeholders to ensure mutually agreed upon delivery objectives are met; analyzes scorecards and dashboards to report on supplier performance, identifying opportunities for improvement, and discussing findings with internal and external contacts.

  • Provides leadership for Sourcing Strategy team; stays abreast of external sourcing strategy best practices and makes recommendations where applicable.
  • Performs additional responsibilities as assigned.

Business & Technical Skills:

  • Experience working with IT Vendors.
  • Develop complex Statements of Work (SOW) and SLA's (Service Level Agreements).
  • Demonstrates in-depth knowledge of the client's enterprise strategy and key priorities.
  • Demonstrates expert knowledge of negotiation techniques and methodologies.

About the Client

Our client is an American financial services company. It ranks among the world's oldest and largest investment management organizations. They have offices globally.

About Solugenix

For over 50 years, Solugenix has been a global technology development and services firm with locations in California, Arizona, India, and the Dominican Republic. As a pioneer in Professional Staffing and IT Consulting, we have partnered with some of the biggest global corporations across many industries. Our history was built on a foundation of partnerships with global brands like McDonald's, Microsoft, CIT Group, Johnson & Johnson, Herbalife, Sony Pictures Entertainment, and many others who look to Solugenix to be their trusted partner in providing professional staffing, non-IT and IT solutions.

We live our core values in everything that we do, starting with "doing the right thing" for our employees/contractors and "committing to client success." This is a big part of how we continue to make lists like "2019 Forbes Small Giants". We also forge strategic partnerships with vendors and corp-to-corp candidates (C2C) that share our core values and encourage you to partner with us.

In addition to generating ground-breaking, industry-defining solutions for our clients and our own projects, we partner with clients with whom we share core values and a common professional culture to help them find talent for their valuable opportunities. At Solugenix, we invest in the personal development and growth of every individual. While this is a position with one of our esteemed clients, Solugenix will continue to invest in your personal growth and development, providing you with a successful career as well as ensuring client success.

Keywords: SOLUGENIX, Irvine , Procurement - Senior Vendor Analyst, Other , Irvine, California

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