Sourcing & Contracting Analyst

  • Holmdel, NJ

Compensation

: $140,340.00 - $140,340.00 /year *

Employment Type

: Full-Time

Industry

: Legal



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Software Guidance & Assistance, Inc., (SGA), is searching for an Sourcing & Contracting Analyst for a Right To Hire assignment with one of our premier Insurance clients in Holmdel, NJ .

Responsibilities :


  • Lead the end-to-end sourcing and contract negotiations process for new and renewed vendor engagements, for both IT and Non-IT Services.
  • Liaise with the client's internal stakeholders and partners to understand their requirements for procurement of goods or services.
  • Lead the development of RFP/RFI specifications, sourcing strategies and supplier negotiation strategies for fulfilling such requirements.
  • Engage suppliers and lead the sourcing process to select an appropriate supplier for fulfillment.
  • Lead pricing and contract negotiations stemming from the sourcing process to ensure that the client receives superior commercial and contractual terms.
  • Learn the client's spend and contract landscape and propose save opportunities as well as owing supplier relationships and monitoring supplier performance.
  • Demonstrate strong organizational skills, possess the ability to multi-task, are detail oriented, and set and manage priorities.
  • Liaise effectively with various teams, including Legal, Risk & Compliance and Security.
  • Sourcing:


    • Lead the Sourcing Process: prepare RFI/RFPs by working closely with the business to understand their needs, translate that into RFI/RFP template, ask the right questions, manage the RFI/RFP process
    • Research and advise Guardian stakeholders on supplier options, deal structuring and other deal aspects, including deal duration, selection criteria and supplier KPIs
    • Create evaluation sheets, evaluate the supplier responses, and perform qualitative and quantitative analysis to drive consensus on vendor selection
    • Provide detailed analysis of supplier proposals to stakeholders, including pricing and business terms
    • Analyze technology sourcing requests to determine the extent of sourcing team's involvement and prioritize accordingly
    • Analyze supplier proposals to differentiate between suppliers on proposed solution, commercial and legal terms
    • Negotiate savings and cost avoidance


  • Contracting:


    • Negotiate outsourcing / offshoring / managed services contracts
    • Provide end-to-end administrative support for technology/non-technology contracts
    • Redline contracts to facilitate negotiations
    • Analyze and negotiate business terms and conditions with vendors via phone and/or email to ensure minimum risk related to Guardian purchases
    • Ensure all contracts for legal review are organized, validated, and include all supporting documentation
    • Maintain updated contract repository
    • Work with internal customers and partners, such as legal and business owners to optimally structure contracts. Lead regular meetings with internal requester's to review expiring contracts and investigate renewal options for cost saving opportunities
    • Execute against our set standards and ensure compliance with processes, policies and best practices
    • Explain contract terms to internal business partners to ensure they are compliant with contracts. Develop processes and tracking mechanisms to measure and report on compliance
    • Meet with Legal teams to review and set priorities for all contracts and provide project status and analysis throughout the contract life cycle
    • Provide continuous improvement recommendations to streamline current vendor sourcing/contracting process
    • Stay abreast of current industry contracting practices and supplier landscape
    • Obtain savings and cost avoidance in contracts
    • Consistently monitor and validate data regularly to report on compliance issues. Develop processes if they do not exist for specific vendors to ensure compliance


  • Some local travel to New York, New York or Bethlehem, PA may occasionally be required.


Required Skills :


  • A minimum of five years of experience in sourcing and contract negotiations including outsourcing / offshoring / managed services contracts
  • Demonstrable understanding of end-to-end sourcing and contracting process
  • Strong organizational skills, the ability to multi-task, be detail oriented, and be able to manage priorities
  • Excellent computer skills including Microsoft Office (Outlook, Word, PowerPoint and Excel)
  • Understanding of business and legal terms related to sourcing/contract matters
  • Analytical and contract negotiation skills
  • Ability to interact effectively with various departments such as Sourcing and Legal
  • Ability to plan, organize and carry out multiple related activities simultaneously
  • Demonstrate self-awareness, embraces feedback, and has an appropriate sense of urgency
  • Excellent verbal and written communication skills

Preferred Skills :



  • Bachelor's degree in IT, Legal or Business. An MBA is preferred
  • Institute for Supply Management membership or certification(s) preferred

SGA is a Certified Women's Business Enterprise (WBE) celebrating over thirty years of service to our national client base for both permanent placement and consulting opportunities. For consulting positions, we offer a variety of benefit options including but not limited to health & dental insurance, paid vacation, timely payment via direct deposit. SGA accepts transfers of H1 sponsorship for most contracting roles. We are unable to sponsor for Right-to-Hire, Fulltime, or Government roles. All parties authorized to work in the US are encouraged to apply for all roles. Only those authorized to work for government entities will be considered for government roles. Please inquire about our referral program if you would like to submit a candidate for any of our open or future job opportunities. SGA is an EEO employer. We encourage Veterans to apply. To view all of our available job postings and/or to learn more about SGA please visit us online at www.sgainc.com .
- provided by Dice
Associated topics: attorney, business, compliance, compliance department, compliance office, courtroom, lawyer, legal, legal affairs, llp

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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