Sourcing Analyst - Hybrid
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At a glance
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Job overview
Genesis10 is hiring a Sourcing Analyst - Hybrid. Genesis10 seeks a Sourcing Analyst for a global financial institution in Minneapolis, offering a 12‑month contract where the analyst will lead complex sourcing initiatives, negotiate high‑risk contracts, manage supplier relationships, and drive cost‑reduction strategies.
Key focus areas include Lead contract negotiations and manage high‑risk supplier relationships, Manage supplier life‑cycle to reduce cost and increase satisfaction, and Establish e‑business and strategic sourcing cost‑reduction strategies.
Important skills include Contract Drafting And Negotiation, Sourcing And Procurement, Financial Analysis Of Pricing Proposals, Business Requirements Gathering, Contract Language Review And Risk Identification, and Microsoft Office Word. Preferred (not required): Software Licenses Contract Experience, Artificial Intelligence Contract Experience, Pricing Renewal Negotiation For Software Licenses, and Regulated Entity Agreement Negotiation.
Skills & qualifications
Skills
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Full job description
Job Duties
Genesis10 is currently seeking a Sourcing Analyst - Hybrid position with a Global Financial Institution located in MINNEAPOLIS, MN. This is a 12+ month contract opportunity.
In this role, you will consult on and participate in moderately complex initiatives and deliverables within Sourcing. This position involves leading contract negotiations, managing supplier relationships of high risk or complexity, and contributing to large-scale planning to drive cost reduction and maximize business impact.
Responsibilities:
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
Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts
Partner with business units to issue and evaluate Request For Proposals and to ensure successful implementation of agreements
Act as a focal point for coordinating sourcing efforts across business entities
Requirements:
5-7 years of contract drafting/negotiation experience
5+ years of Sourcing, Procurement experience, or equivalent
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
Intermediate Microsoft Office Skills (Word, Excel)
Desired skills:
Experience with contracts for Software Licenses (on-premise and vendor hosted)
Experience with contracts for AI (Artificial Intelligence)
Experience with negotiating pricing for renewals of software licenses
Experience negotiating agreements on behalf of a highly regulated entity (e.g., financial services, healthcare)
JD and/or sourcing certification
Pay range: $43.13 - $51.13 per hour
Only candidates available and ready to work directly as Genesis10 employees will be considered for this position.
If you have the described qualifications and are interested in this exciting opportunity, please apply!
Ranked a Top Staffing Firm in the U.S. by Staffing Industry Analysts for six consecutive years, Genesis10 puts thousands of consultants and employees to work across the United States every year in contract, contract-for-hire, and permanent placement roles. With more than 300 active clients, Genesis10 provides access to many of the Fortune 100 firms and a variety of mid-market organizations across the full spectrum of industry verticals.
For contract roles, Genesis10 offers the benefits listed below. If this is a perm-placement opportunity, our recruiter can talk you through the unique benefits offered for that particular client. Benefits of Working with Genesis10:
Access to hundreds of clients, most who have been working with Genesis10 for 5-20+ years.
The opportunity to have a career-home in Genesis10; many of our consultants have been working exclusively with Genesis10 for years.
Access to an experienced, caring recruiting team (more than 7 years of experience, on average.)
Behavioral Health Platform
Medical, Dental, Vision
Health Savings Account
Voluntary Hospital Indemnity (Critical Illness & Accident)
Voluntary Term Life Insurance
401K
Sick Pay (for applicable states/municipalities)
Commuter Benefits (Dallas, NYC, SF, and Illinois)
For multiple years running, Genesis10 has been recognized as a Top Staffing Firm in the U.S., as a Best Company for Work-Life Balance, as a Best Company for Career Growth, for Diversity, and for Leadership, amongst others. To learn more and to view all our available career opportunities, please visit us at our website.
Genesis10 is an Equal Opportunity Employer. Candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Minimum Education Required
bachelor's degree
Minimum Experience Required
2
Shift
First (Day)
Number of Openings
1
Compensation
$43.00 - $51.00 / Hourly
Postal Code
55414
Job Type
Full Time
Place of Work
On-site
Requisition ID
28917012
Job Benefits
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