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We Insure · 1 month ago

Strategic Sourcing Lead

Chicago, IL

Full-time

Hybrid

Mid, Senior Level

$99K/yr - $124K/yr

5+ years exp

Apex Fintech Solutions is a leader in digital wealth management, providing innovative solutions to facilitate access to financial markets. The Strategic Sourcing Lead will drive value delivery by managing sourcing events, negotiating contracts, and improving supplier performance while collaborating with cross-functional teams.

Insurance

Responsibilities

Own the SaaS renewals pipeline: maintain a 12–18 month calendar with 180/120/90/60-day gates; prevent auto-renewals

Analyze entitlements/usage; right-size licenses and consumption; vendor consolidation; rationalize overlapping apps

Use an external benchmarking service to understand market pricing/terms and develop negotiation strategy and targets

Lead negotiations for renewals and small tech buys under playbooks (price locks, CPI caps, step-downs, ramp/proration, true-up relief, downgrade rights); create credible switch leverage when appropriate

Review and interpret contracts and amendments; compare terms in Evisort; ensure repository accuracy and version control (no drafting of contracts)

Maintain supplier scorecards/QBRs; strengthen vendor partnerships through performance reviews, joint roadmaps, SLA tracking, and remediation

Limited RFx: run light competitive quotes when needed; document awards and outcomes

Qualification

Procurement experienceStrategic sourcingContract negotiationAnalytical skillsESourcing toolsSpend analyticsStakeholder managementCommunication skillsAttention to detailOrganization skills

Required

Bachelor's degree in Supply Chain, Business, Finance, or related field

5+ years of procurement/strategic sourcing experience, including leading small-to-medium negotiations and running sourcing events

Strong analytical skills: Excel/Sheets (pivot tables, lookups, PowerQuery), TCO and price/cost analysis; data visualization (Power BI/Tableau) a plus

Working knowledge of commercial contracting (SLAs, warranties, data privacy, liability caps, confidentiality, basic IP) and experience partnering with Legal

Proficiency with eSourcing and CLM tools; familiarity with spend analytics platforms

Excellent organization, attention to detail, communication, and stakeholder management; ability to juggle multiple priorities and deadlines