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Early Warning® · 5 hours ago

Sr Sourcing Specialist

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$82K/yr - $103K/yr

3+ years exp

Early Warning is a trusted name in payments, providing cutting-edge solutions to enhance access to financial services. The Senior Sourcing Specialist will support sourcing activities, partner with stakeholders and suppliers, and manage negotiations to optimize procurement results while ensuring compliance with company policies.

Financial ServicesFraud DetectionPaymentsRisk Management

No H1B

Responsibilities

Supports sourcing activities to identify, evaluate, and recommend qualified suppliers to meet organizational product and service needs

Executes sourcing activities in alignment with company policies and strategies, including management of high value and moderately complex purchases

Assists in negotiating and executing supplier contracts to achieve optimal pricing, terms, and service levels while ensuring compliance with established guidelines

Collaborates with stakeholders to define requirements, clarity specifications, and ensure timely and accurate delivery of goods and services

Utilizes strategic sourcing tools and processes to support optimization

Monitors supplier relationships, addressing performance issues, and escalating concerns as appropriate to ensure consistent quality and service

Maintains effective working relationships with internal departments, suppliers, and procurement leadership to ensure alignment with sourcing activities

Represents the company in a professional manner and maintains a high level of confidentiality and integrity in all business interactions

Stays informed of procurement trends, market conditions, and relevant regulations to support informed sourcing decisions

Support the company's commitment to protect the integrity and confidentiality of systems and data

Qualification

Procurement experienceContract negotiationSupplier evaluationMicrosoft Suite proficiencyRFP/RFQ/RFI draftingStrategic sourcing toolsProject planningProcurement lawsWorkflow managementEffective communicationOrganizational skills

Required

Education or experience typically obtained through completion of a bachelor's degree in business, procurement, or related field

A minimum of 3-5 years of progressive procurement or related experience

Demonstrated procurement experience in related product and services categories

Effective written and verbal communication skills

Established and progressed skills in evaluating and negotiating contractual language and pricing associated with master agreements, vendor services agreements, statements of work (SOW), subscriptions and licensing agreements within a compliance framework

Competence in analyzing business needs or procurement opportunities for significantly improving expense, service and quality

Effective organizational, project and planning skills

Knowledge of laws and regulations guiding procurement practices

Relevant experience in independently drafting and analyzing RFP's, RFQ's, RFI's

Demonstrated high level of proficiency in the Microsoft suite of productivity applications such as Word, Excel, PowerPoint, Outlook and Visio

Familiarity with enterprise financial systems along with finance and accounting requirements relating to budgets and procurement

Background and drug screen

Preferred

Master's degree or MBA degree in business or related field preferred

Experience with Dynamics GP and/or ReQlogic (DXC Procurement Platform)

Experience with workflow management

Additional related education and/or experience

Benefits

Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.

401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.

Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.

12 weeks of Paid Parental Leave

Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.