• Job Description

  Req#: 32528272107

  WinCorp Solutions is seeking a Senior Strategic Sourcing Consultant to serve as a consultant for our Fortune 500 client, a financial services/investments company located in Los Angeles/Irvine, CA. Our client is looking for someone URGENTLY, so come apply today!

  JOB DESCRIPTION:

  A Senior Strategic Sourcing Consultant is a highly experienced professional within Sourcing who leads the development and execution of strategic sourcing strategies for complex goods and services. This role focuses on sourcing activities for the Investment Operations and Investment Group business areas within the company.

  They will actively manage relationships with internal stakeholders, emphasizing positive customer experience, driving end-to-end completion of source-to-pay processes, collaborating with internal stakeholders to identify cost-saving opportunities, managing supplier relationships, and negotiating favorable contract terms while ensuring compliance with company policies and best practices.

  Key Responsibilities:

  1. Strategic Sourcing Planning:
     • Conduct in-depth market research to identify potential suppliers and assess market trends.
     • Develop comprehensive sourcing strategies for assigned categories, including cost reduction targets, supplier selection criteria, and risk mitigation plans.
     • Collaborate with internal stakeholders to understand business needs and translate them into clear sourcing requirements.
  2. RFx Management:
     • Lead the design and execution of Request for Information (RFI), Request for Quotation (RFQ), and Request for Proposal (RFP) processes.
     • Analyze supplier responses, evaluate proposals based on price, quality, delivery, and other relevant factors.
     • Develop negotiation strategies and lead negotiations of complex contract provisions.
     • Conduct complex contract negotiations with suppliers, ensuring optimal pricing and terms while balancing risk and value.
     • Develop and manage master agreements, including legal terms and conditions.
  3. Relationship Management:
     • Build and maintain strong relationships with key internal stakeholders and suppliers. Address supplier performance issues and drive continuous process improvement.
     • Monitor supplier performance against contractual obligations and KPIs.
  4. Cost Optimization:
     • Analyze spend data to identify cost-saving opportunities and implement strategic sourcing initiatives.
     • Utilize cost modeling and total cost of ownership (TCO) analysis to evaluate sourcing options.
  5. Stakeholder Management:
     • Communicate sourcing strategies and progress to internal stakeholders, including senior management.
     • Proactively manage expectations and address concerns related to sourcing activities.

  Required Skills:

  • 7+ years of advanced strategic sourcing experience with mastery of strategic and tactical procurement principles, practices, and models.
  • Deep understanding of sourcing principles, sourcing methodologies, and contract law.
  • Proficiency in data analysis, spend analytics, and financial modeling to identify cost savings opportunities.
  • Proven ability to negotiate complex contracts and achieve favorable terms for the organization.
  • Extensive knowledge of relevant supplier markets, industry trends, and competitive landscape.
  • Strong written and verbal communication skills; excellent presentation skills to all audience levels, including conducting complex project/program meetings and influencing others.
  • Ability to manage ambiguity and change while working in a highly collaborative and fast-paced environment.
  • Ability to lead and manage complex sourcing projects from initiation to completion.
  • Ability to manage individual project timelines and drive completion of projects under limited supervision.
  • Bachelor's degree, preferably in business, economics, or operations management.
  • Experience in other disciplines (e.g., Finance, Sales, Operations) is highly preferred but not required.

  Seniority level

  • Mid-Senior level

  Employment type

  • Contract

  Job function

  • Consulting, Finance, and Strategy/Planning

  Industries

  • Financial Services, Investment Management, and Investment Banking

  Referrals increase your chances of interviewing at WinCorp Solutions by 2x

  Inferred from the description for this job

  Medical insurance, Vision insurance, 401(k)

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• About the company

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