In this role, you support the procurement strategy by leading the end-to-end strategic sourcing and contract management processes. Strategic sourcing duties will include, market analysis, identifying business requirements, leading RFPs, leading contract negotiations and execution support. Develop, negotiate, and execute partnership agreements that maximize productivity for the credit union and our business partners. Conduct market analyses to assess supplier capabilities and value propositions versus competitors. Create and present total cost of ownership and return on investment (ROI) models.
Responsibilities
- Support the execution of the overall source-to-pay cycle
- Serve as a central point of contact for strategic sourcing activities for assigned category(ies)
- Cultivate internal and external relationships to drive results, savings and build credibility for the Procurement team
- Demonstrate analytical skills to be able to understand the drivers of assigned category(ies) and create and document appropriate sourcing strategies
- Analyze the market and current supplier spending within assigned category(ies) and make sourcing, demand management and cost reduction recommendations
- Report the execution of RFPs, RFQ’s or RFIs in assigned category(ies)
- Monitor compliance with procurement policies and procedures and assist in improving efficiencies related to procurement
- Maintain contract information and integrity of data in the contract management system and ensure contracts and supporting documents are compliant with internal policy and federal and state regulations
- Maintain relationships with vendors, monitor vendor’s performance to ensure that contract terms and SLAs are being met and monitor external sources for potential vendor risks
- Perform spend diagnostics that lead to the identification and implementation of cost-saving/efficiency opportunities and maintain KPI and spend reporting to management
- Represent procurement function on enterprise projects and initiatives
Education:
- Bachelors Degree - Accounting, Finance or related
Years of Experience:
- 2 years - Procurement, vendor management or related
- Knowledge of procurement systems such as Determine or Coupa
- Knowledge of insurance requirements, legal terminology of purchase, licensing and professional services contracts
- Contract negotiation experience
In Lieu of Education:
- 5 years - Procurement, vendor management or related
Compensation & Benefits:
Typical hiring range: $67,100 - $94,750 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Additional Compensation: Annual performance bonus
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Top Skills
Alliant Credit Union Chicago, Illinois, USA Office
We are located near O'Hare. We have plenty of parking space available.
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