Strategic Sourcing Consultant - Technlogy Contracts

Outstanding long-term contract opportunity! A well-known Financial Services Company is looking for a Strategic Sourcing Consultant – Technology Contracts in Minneapolis, MN or Charlotte, NC (Hybrid).

Work with the brightest minds at one of the largest financial institutions in the world. This is a long-term contract opportunity that includes a competitive benefit package! Our client has been around for over 150 years and is continuously innovating in today's digital age.

If you want to work for a company that is not only a household name, but also truly cares about satisfying customers' financial needs and helping people succeed financially, apply today.

Contract Duration: 12 Months

Required Skills & Experience

• 5+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 5–7 years of contract drafting and negotiation experience

What You Will Be Doing

• Consult on or participate in moderately complex initiatives and deliverables within Sourcing and contribute to large-scale planning related to Sourcing deliverables.
• Review and analyze moderately complex Sourcing challenges that require an in-depth evaluation of variable factors.
• Contribute to the resolution of moderately complex issues and consult with others to meet Sourcing deliverables while leveraging solid understanding of the function, policies, procedures, and compliance requirements.
• Collaborate with client personnel in Sourcing.
• 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.
• Support acquisitions including negotiation reassignment on high-risk contracts.
• Participate in the review of closing agreements.
• Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts with regard to such issues.
• Educate Contract Analysts and business partners on risk issues and handle vendor disputes.
• Provide direction and guidance to less experienced staff.
• Partner with business units to issue and evaluate Request for Proposals (RFPs) and ensure successful implementation of agreements.
• Partner with business units to ensure standard contracts include corporate requirements.
• Establish and maintain a good rapport with executive management, vendors, and third-party lessors or manufacturers to optimize negotiation, savings, service improvements, and problem resolution.
• Act as a focal point for coordinating sourcing efforts across business entities.

Required Skills

• 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.

Nice to Have

• Experience with contracts for software licenses (on-premise and vendor-hosted).
• Experience with contracts for AI (Artificial Intelligence).
• Experience negotiating pricing for software license renewals.
• Experience negotiating agreements on behalf of a highly regulated entity (financial services, healthcare).