Lumen Solutions Group Inc. · 1 month ago
Sr Sourcing Associate
Lumen Solutions Group Inc. is a company specializing in procurement and sourcing solutions, and they are seeking a Senior Sourcing Associate to lead stakeholder engagement and sourcing initiatives. This role involves negotiating and drafting contracts, managing supplier relationships, and ensuring compliance with procurement processes and regulations.
Information Technology & Services
Responsibilities
Collaborates with business stakeholders and procurement management to determine sourcing category strategy
Responsible for working with business stakeholders and procurement management to frame and develop project objectives, requirements, and sourcing strategy prior to supplier engagement
Drafts and leads the applicable sourcing process through scoring and completion (e.g. RFx, sole source, etc.)
Acts as primary contact with potential suppliers during the RFx, selection, and negotiation process
Leads supplier negotiations throughout RFx and contracting process to achieve optimal savings, value, and risk profile
Implements the sourcing strategy and negotiation and redlining process with the supplier to draft contracts that accurately capture business, technical, and legal requirements (including contractual and purchase order documentation)
Acts as liaison with business owner and supplier during negotiations
Works closely with legal and risk groups to ensure consistent communication and socialization of significant legal and risk issues throughout the negotiation process
Interacts routinely with legal and business owner to resolve issues
Responsible for the preparation and submission of documentation for consent from the Federal Government (as applicable)
Ensures and adheres to corporate purchasing policy directives and Federal Government regulations
Ensures compliance with contractual requirements for Federal Employee Program and other state and local contracts specifically related to MBE/WBE requirements and reporting
Consolidates requirements and coordinates with management to determine the most suitable method of purchase such as spot purchase orders, contracts, blanket orders and supplier stocking arrangements
Ensures procurement process is followed and all documentation is complete and accessible in the Ariba source to pay system
Analyzes and compares service and/or product offerings and specifications, investigates future renewal requirements and options, and resolves contract and invoice discrepancies
Manages existing contracts to anticipate and prepare for ongoing renewals
Provides other services related to the sourcing, contracting, and supplier management function as required
Qualification
Required
This position requires a Bachelor's degree or equivalent experience; and four (4) to six (6) years' experience in a relevant functional assignment (e.g. Professional Services, Facilities, HR, Marketing, IT, IT Services, or other applicable procurement focus area)
Extensive experience in managing the end to end sourcing process from requirements gathering through RFx and contracting
Robust pricing and contractual negotiations with suppliers
Effective presentation and influencing skills to interface with multiple levels of management
Experience in analyzing pricing and determining price reasonableness
Proven experience with key category suppliers
Excellent project and time management skills including but not limited to risk assessment, workplan development and management
Developed analytical, organizational and coordination skills
Able to apply complex problem-solving abilities to achieve problem ad process solutions
Ability to spot, communicate and mitigate issues
Flexibility and ability to work independently as well as part of a team
Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time
Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence
Must be able to effectively communicate and provide positive customer service to every internal and external customer
Preferred
Experience in the Health Insurance industry
Knowledge of the Federal Acquisition Regulation (FAR)
Knowledge of Ariba or similar procurement automation tools
Working knowledge of SAP Ariba
Experience with full contract life cycle for IT software, IT Services and Professional Services
Excellent time and project management skills
Excellent critical/analytical skills
Excellent team player